I’d like to preface all of the following with something: a vehicle should account for no more than 10% of a household user’s budget, some say up to 15% but most of the literature I’ve seen puts it at or under 10% to maintain fiscal responsibility. That’s monthly ofc, and puts the total budget somewhere around $1,200-1,400 on most of these cars
So how many people do you know who make between $120,000-140,000 per driver?
Some of us do, most of us don’t
I know plenty of people who cannot and or will not for various reasons ever make that much in their lifetimes
Let’s say a 19 year old getting their first car without support. You think they can afford a 60k car? Hell even a 40k? At +6% apr? They still need a car and not all of us have or had parents to help us foot that bill
How about even a used one ran into the dirt at 20-25k to “establish credit”? Think that’s a good idea either for someone like that? Its a terrible one
Further, if literally anything goes wrong with the battery before it’s paid off but out of warranty… Then what? File bankruptcy at 20-25? Take the credit hit and be unable to buy another vehicle or, or get student loans, or be able to get a mortgage because your credit is shot?
No matter if the payback even makes sense we have prime examples that the economy is down right hostile to EV owners with the EV tax road hike increases forcing EV users to pay up to 10x road “gas” tax equivalents of what petrol does in the US regardless if they drive 1,000 miles in a year or 40,000
Plain and simple, all commuter/work vehicles are not worth $40,000-60,000. They are grossly overpriced and have been since at least 2020
The $70,000 GMC EV work truck trim with 450 miles of range? That’s worth $45,000 max. The Tesla model 3 dual motor (which I paid $60,000 for new in 2023 btw) are worth $35,000 max brand new top trim model and has never been worth more than that despite the insane market gauntlet we’ve been run through
The person you are responding to is not even slightly wrong
Vehicles are grossly overpriced.
Front loading potential savings is not an acceptable practice in an economy where people do not have the option to go without a vehicle to function. Prices needs to crater. Companies need to be making any profits they do make off the back of quantity sold, and off government subsidies and cutting out middle men not massive margins per lesser quantities of vehicles at our expense, because as things stand they’re making their margins off of government bailouts anyways and consumers are perpetually the ones getting bent since taxes are our money and these incompetents are increasingly demanding more and more of it
To be completely honest, I don’t expect many people will.
Increasingly, people are completely incapable of reading on these platforms… you know, these ones designed to communicate via…reading and writing,…But what can you do?
Whoever you are if you made it this far, if your attention span has managed to remain unharmed in today’s world, read or dont. Your choice, and your responsibility to deal with the fallout of either wasted time or losses in personal capability either way not mine
You and those like you can kindly learn to read, and websearch what acronomys mean before responding condescendingly while being completely incorrect. That would be quite helpful :)
I’d like to preface all of the following with something: a vehicle should account for no more than 10% of a household user’s budget, some say up to 15% but most of the literature I’ve seen puts it at or under 10% to maintain fiscal responsibility. That’s monthly ofc, and puts the total budget somewhere around $1,200-1,400 on most of these cars
So how many people do you know who make between $120,000-140,000 per driver?
Some of us do, most of us don’t
I know plenty of people who cannot and or will not for various reasons ever make that much in their lifetimes
Let’s say a 19 year old getting their first car without support. You think they can afford a 60k car? Hell even a 40k? At +6% apr? They still need a car and not all of us have or had parents to help us foot that bill
How about even a used one ran into the dirt at 20-25k to “establish credit”? Think that’s a good idea either for someone like that? Its a terrible one
Further, if literally anything goes wrong with the battery before it’s paid off but out of warranty… Then what? File bankruptcy at 20-25? Take the credit hit and be unable to buy another vehicle or, or get student loans, or be able to get a mortgage because your credit is shot?
No matter if the payback even makes sense we have prime examples that the economy is down right hostile to EV owners with the EV tax road hike increases forcing EV users to pay up to 10x road “gas” tax equivalents of what petrol does in the US regardless if they drive 1,000 miles in a year or 40,000
Plain and simple, all commuter/work vehicles are not worth $40,000-60,000. They are grossly overpriced and have been since at least 2020
The $70,000 GMC EV work truck trim with 450 miles of range? That’s worth $45,000 max. The Tesla model 3 dual motor (which I paid $60,000 for new in 2023 btw) are worth $35,000 max brand new top trim model and has never been worth more than that despite the insane market gauntlet we’ve been run through
The person you are responding to is not even slightly wrong
Vehicles are grossly overpriced.
Front loading potential savings is not an acceptable practice in an economy where people do not have the option to go without a vehicle to function. Prices needs to crater. Companies need to be making any profits they do make off the back of quantity sold, and off government subsidies and cutting out middle men not massive margins per lesser quantities of vehicles at our expense, because as things stand they’re making their margins off of government bailouts anyways and consumers are perpetually the ones getting bent since taxes are our money and these incompetents are increasingly demanding more and more of it
I don’t think you wrote all of that just for me.
I didnt write it 🙃
VTT with a bit of editing removing punctuation and breaking up blocks of text
LLMs are useful for some things
Only if someone cares to read it.
To be completely honest, I don’t expect many people will.
Increasingly, people are completely incapable of reading on these platforms… you know, these ones designed to communicate via…reading and writing,…But what can you do?
Whoever you are if you made it this far, if your attention span has managed to remain unharmed in today’s world, read or dont. Your choice, and your responsibility to deal with the fallout of either wasted time or losses in personal capability either way not mine
Yeah no people don’t read AI slop. Telling it apart has become a marketable skill.
… You think TTS is Ai slop?
Lmfao
It’s talking to your phone and it translates audio to words and words to audio
Can I help you?
Yes.
You and those like you can kindly learn to read, and websearch what acronomys mean before responding condescendingly while being completely incorrect. That would be quite helpful :)