laurenceOfSuburbia@lemmy.world to memes@lemmy.world · 2 months agoThe used car market todaylemmy.worldimagemessage-square192linkfedilinkarrow-up1834arrow-down115
arrow-up1819arrow-down1imageThe used car market todaylemmy.worldlaurenceOfSuburbia@lemmy.world to memes@lemmy.world · 2 months agomessage-square192linkfedilink
minus-squareTrackinDaKraken@lemmy.worldlinkfedilinkEnglisharrow-up22·2 months agoI haven’t bought a car in almost 10 years. But, there’s this guy saying he has a lot full of used cars, $2500 to $4000. And, he says people are calling to ask if they can finance that small amount, whereas they used to just pay cash: https://youtu.be/mdOOAxf7Cb4
minus-squareProprietary_Blend@lemmy.worldlinkfedilinkarrow-up7arrow-down4·2 months ago“small amount”. Ok Elon
minus-squareblackberry28@sh.itjust.workslinkfedilinkarrow-up25·2 months agoIn the context of prices of cars it is indeed a rather small amount.
minus-squareatomicbocks@sh.itjust.workslinkfedilinkEnglisharrow-up1·2 months agoAnd yet it’s still 2 months of median income in the US.
minus-squareTja@programming.devlinkfedilinkarrow-up8arrow-down1·2 months agoWhich should be well withing an emergency fund for when, for instance, your car breaks down.
minus-squarekkj@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·edit-22 months agoThe median income for an individual in the US is $3761 $4280/month.
minus-squareBlaestEgnen@feddit.dklinkfedilinkarrow-up1·2 months agoMost people are digitally paid, so they can’t avoid taxes
minus-squareatomicbocks@sh.itjust.workslinkfedilinkEnglisharrow-up1·2 months agoThat’s far higher than the $35,500/yr I found in census info, where did you get that number?
minus-squarekkj@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·2 months agohttps://www2.census.gov/library/publications/2025/demo/p60-286.pdf I actually trusted the LLM overview, which was a mistake; the median is $4280.83/month, a bit higher than I originally said.
I haven’t bought a car in almost 10 years. But, there’s this guy saying he has a lot full of used cars, $2500 to $4000. And, he says people are calling to ask if they can finance that small amount, whereas they used to just pay cash:
https://youtu.be/mdOOAxf7Cb4
“small amount”. Ok Elon
In the context of prices of cars it is indeed a rather small amount.
And yet it’s still 2 months of median income in the US.
Which should be well withing an emergency fund for when, for instance, your car breaks down.
The median income for an individual in the US is
$3761$4280/month.Most people are digitally paid, so they can’t avoid taxes
That’s far higher than the $35,500/yr I found in census info, where did you get that number?
https://www2.census.gov/library/publications/2025/demo/p60-286.pdf
I actually trusted the LLM overview, which was a mistake; the median is $4280.83/month, a bit higher than I originally said.