Comment on Anon tries to understand credit scores
sp3ctr4l@lemmy.dbzer0.com 13 hours agocaredge.com/…/used-car-price-trends-for-2025
In October 2025, the average used car listing price sits at $25,512.
moneyzine.com/…/savings-statistics/
… that’s as of 2022.
Its worse now, considerably.
But, even assuming 2022 savings levels… that’s half the population that would need their savings to multiply by a factor of ~x42.5, to be able to afford the average used car, without financing.
… You are wildly, incredibly out of touch.
Sure, yes, its technically possible, technically doable, in approximately the same way that it’s technically possible and doable that I could become a millionaire by the end of 2026.
ryathal@sh.itjust.works 10 hours ago
The average cost of a car is wildly skewed by luxury models and the absurd prices of new cars. The market has gotten more expensive, so it is more difficult to find reliable cars in the sub 5k range, but under 10k is possible. It’s possible to save a few hundred bucks a month and get progressively better cars without financing them, because depreciation isn’t significant at the low end of the market.
sp3ctr4l@lemmy.dbzer0.com 2 hours ago
Yep. And?
Its also reality.
Most used cars on the market are luxury cars that are 5 years or less old… because car companiea just largely stopped making non luxury cars.
This is what the used car market looks like right now, I don’t care that its abnormal, I care about trying to evaluate you statement … in reality, as it currently exists.
This is the idea you’re not getting:
No.
Its not.
Not for half the population.
Pay is too low, costs of living are too high.
Savings rates are going down, not up.
You don’t understand how many people were operating on razor thin margins, and now, huge numbers of people are running net negative, getting stuck in some new poverty debt trap, maybe this time its chaining loans to keep buying groceries.
Your evaluation of what is possible is again, yes, technically possible, for a very small amount of people… but generally… it is laughably and wildly insufficient, useless to the vast majority of people it is potentially relevant to, because of how much the overall situation has changed, because of how out of touch you are with the basic parameters of the situation.
The US is a society where car ownership is mandatory to participate in society… and at least half of society cannot actually afford that expense, financed or not.
We need a systemic solution, otherwise, we will experience a systemic collapse.