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The $25k car is going extinct?

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Re: The $25k car is going extinct?

#581

Earlier quoted context omitted.

Lots of loan rates out there for I could pay off my car tomorrow. But I'll have more money in the end keeping that cash in the bank. Why would I pay it off early?

Is the negotiation of these loans separate from the negotiation of the car price? If not I suspect the margin is just being shifted to the asset price

They were willing to go cheaper with the loan than without it, about the same as what the total interest is on the loan.

Re: The $25k car is going extinct?

#582
post #566

Strange article based on incorrect information. My son and I are buying car and there are so many under 25k. In total there are 12 new models. Adjusted to inflation things did not change a lot in last 20 years (in 2005 there were 10 models less than 15k). - 2025 Nissan Versa – Starting at $18,330 - 2025 Hyundai Venue – Starting at $21,395 - 2025 Kia Soul – Starting at $20,490 - 2025 Nissan Sentra – Starting at $21,59…

I'd guess these starting prices have likely gone up 5%-7%. And that the price to build, has gone down the same amount.

Which raises the bigger issue at hand.

Re: The $25k car is going extinct?

#583
post #538

Is anyone following Slate auto? They claim to be making a suburban pickup in the Ford Ranger size for ~20k. I've been cautiously optimistic about my reservation. They apparently optimized for cost and molecularity, most notably by removing the infotainment system, which apparently is the biggest warranty / "feature" cost center.

27.5k, they're doing the dishonest thing of including tax incentives that not everyone qualifies for, and probably won't exist soon.

Fair. But, 27.5 is very much in line with discussion around affordable cars (esp vs entry level trucks nowadays).

Re: The $25k car is going extinct?

#584
post #577

This is a great example of how factually incorrect narratives - so long as they align with a preferred agenda (which is that things are not affordable any more) - it gets upvoted. Reality check: - In 2025, there are 12 new car models available under $25,000 - In 2005, there were around 10 new models under $15,000 (25k adjusted by inflation) So the premise that “cars used to be much more affordable” is not true. This…

Just curious: Where's the source of this "reality check" and what's your agenda?

Re: The $25k car is going extinct?

#586
post #500

Earlier quoted context omitted.

Some of those “useless” sensors like tire pressure or backup camera are required by law. Even if you get a bare bones hatchback (manual transmission, manual locks, manual windows etc.) they’ll be forced to include those.

Regulations will make cars unaffordable which is exactly what they are pushing for

This is an old and tired argument. There is no secret cabal at the wheel trying to make cars unaffordable for the purposes of social control.

There is an old and tired cabal of manufacturers wanting to generate a moat and push prices up high.

Re: The $25k car is going extinct?

#587
post #478
post #431

Earlier quoted context omitted.

Any recommendation how to start learning repairing a car? I have absolutely zero experience. A friend of mine said just learn to change a tyre first and I have been procrastinating since.

I went down this route in the early 2010's. In preparation for an over landing expedition I wanted to have mechanical knowledge to be a sort of "mechanic" on the trip so I bought a bunch of "project cars" and began tinkering. While it WAS a lot of fun and I feel smarter, it was a total waste of time. To save you all the trouble of all I went through, it was fun debugging mechanical stuff, but ultimately there is no "…

> but ultimately there is no "self-reliant car owner"

We are rare, but we exist. Prior to moving on from it due to an unrelated injury, for the decade prior I did all my own work including numerous engine swaps on my vehicles.

However, this is because as noted, I had the tools and parts. I had all the spanners and sockets I needed, easy access to parts via wreckers and parts networks, and had my own engine crane and stands. My vehicle of choice for most of that time was 2x 1987 Toyota MR2 AW11's.

I mostly got into it because it was my "non computing" hobby for the most part. And for the time I spent engaged in it, I really enjoyed it.

Re: The $25k car is going extinct?

#589
post #507

Earlier quoted context omitted.

> Hybrids have a lower TCO even though they have a higher initial purchase price. Is this conclusion based just on fuel consumption? From a relatability standpoint, it doesn’t make sense at first blush because you have to have both ICE and EV parts in series in the drivetrain; the total reliability can’t be higher than the individual components of they’re in series.

Depending on the drive trains being compared, the hybrid drivetrain may be overall mechanically simpler than an ICE. A series hybrid can easily have fewer moving parts, fewer friction spots, less reliance on fluid motion through little channels, etc. And then you're also keeping the moving parts more in their happy zone of temperature, speed, and load instead of needing them to operate in as wide of conditions.

Could you elaborate further?

A hybrid, by definition, combines an ICE and electric drivetrain. While I understand it could be designed for a more efficient range of operation* how could it negate the downsides of an ICE-only design if it requires an ICE? (Are we conflating EV and hybrid?)

* This also means each segment is less globally efficient, meaning the system is less efficient if it has to limp along if one part is inoperable

Re: The $25k car is going extinct?

#590

Last time I bought a car, my family kept pushing me to buy new, avoid used. All new cars were crap and expensive. People wanted me to buy a Hyundai HB20 with a crappy engine that couldn't climb the hill where my house was located. I ended buying a used Mitsubishi Lancer GT, the thing had same engine as Evo (minus the turbo), leather seats, roof window, rear camera and so on. For half of the price of the HB20. Sadly M…

You put to words what I intuitively feel about the auto industry.

Most brands have cost cut the crap out of their vehicles to the point where many used models seem to be better vehicles especially when talking interior quality.

One example that was striking to me was the interior quality of the MK4 Volkswagen Jetta compared to later models of Jetta and Golf.

My current vehicle has CarPlay/Android Auto, a “dumb” infotainment system with no ability to phone home or snitch on me to insurance companies, and it has physical controls for everything.

When it comes time to replace my vehicle, what am I going to find on the market that’s actually better than that? I’m going to be stuck with a gigantic touch screen and a bunch of glitchy safety suites that are beeping at me constantly.

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