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When I was car shopping at the end of 2024, I quickly realized the best bang for the buck was around $10-12k because at that price you could get a low-mid range vehicle that was around 6 years old with around 100k miles. Obviously some vehicles in that price range would be older with fewer miles, some would be newer with more miles, but that seemed to be about the price range where you’d get a vehicle which you could reasonably expect to be mechanically sound for at least another 2-3 years. Less than that and you got into vehicles that were far more worn either by age or by mileage, so you’d be trading upfront payment for additional maintenance costs.

$10k is a lot of money to save up. That’s about my entire emergency fund right now. That’s almost 3 years of socking away $300 a month, or 2 years at $500 a month. Simply put vehicle ownership is horrendously expensive especially for folks making close to minimum wage

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TubularTittyFrog@lemmy.world ⁨15⁩ ⁨hours⁩ ago
you can’t afford a car if you only saved up 10K over 3 years.

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- Trainguyrom@reddthat.com ⁨14⁩ ⁨hours⁩ ago
  Ideally yes, but on top of your normal expenses socking away $800/mo is a ton, especially since we’re almost certainly talking about a young adult, fairly freshly on their own who’s probably only making around 30-40k per year. When each paycheck is under a thousand dollars every couple of weeks that money disappears fast especially with the financial discipline one can realistically expect of a young adult
  
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  - TubularTittyFrog@lemmy.world ⁨13⁩ ⁨hours⁩ ago
    I don’t think I was super human and I had zero issues saving $1200/mo on a 2k/mo salary.
    
    but i lived with multiple roommates, ate cheap food, and didn’t party.
    
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    Trainguyrom@reddthat.com ⁨11⁩ ⁨hours⁩ ago
    Hey that’s honestly super awesome. Most folks don’t have that kind of financial discipline when they’re young.
    
    When I was first on my own I was just proud that I was a able to pay extra on my possibly-illegal car loan that I got from a place that was shut down a couple of years later for credit fraud
    
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n0respect@lemmy.world ⁨1⁩ ⁨day⁩ ago
I’m vacationing with my upper-middle class sibling. They rented a car for the week … for $970! for one week! It takes me months to save up that much money! And they do this every year!

The wealth gap is rapidly increasing.

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- TubularTittyFrog@lemmy.world ⁨15⁩ ⁨hours⁩ ago
  that’s cheap.
  
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- Trainguyrom@reddthat.com ⁨16⁩ ⁨hours⁩ ago
  Car rentals are so expensive nowadays. Enough so that I’ve never done it in my adult life. Its always expensive enough that it makes some alternative make way more sense, whether that’s driving our own vehicle somewhere or just winging it with public transit
  
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- IMALlama@lemmy.world ⁨1⁩ ⁨day⁩ ago
  This is why we drive when we go on our yearly trip back to the east coast to visit family. Flying would cost the same once you factor in a hotel stop midway, and would save 8+ hours if we were actually able to drive without stopping, but no one we visit lives near an airport and transportation to/from the airport adds a ton of cost.
  
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