Experts say you should earn $100K before buying a new car so you don’t spend more than ten percent of your monthly income on payments
  • @Buffalox@lemmy.worldEnglish
    3•1 year ago

    I was told in the 90’s that in America if your car was 3 years old, your neighbor might worry you weren’t doing too well, and you could buy 6 year old luxury cars for peanuts.

    • @angstylittlecatboy@reddthat.comEnglish
      2•1 year ago

      Luxury cars are notorious for not holding their value, unless by “luxury” you mean performance cars, so that’s normal.

      I was born after the 90s so I wouldn’t know, but generally speaking I’d always heard the average car in America is ten years old.