When was the last time you bought a new car? Factory new, not used new. I’m wondering because I spent several hours looking at new cars online after a day stuck at home waiting for the septic system guy to arrive. The prices floored me and I was left curious as how normal people earning a median income can possibly afford a thirty, forty or fifty thousand dollar vehicle?
According to TrueCar, at the end of 2011, the average transaction price was running $30,686.
The last time, in fact the only time I bought new, was 2000: I bought a $20,000 car, that being as far as I was able to push.
Although these factors must be taken into consideration:
I also don’t want ugly cloth seats, a roof lacking a retractable window or steering better suited for Noah’s clunky ark. Which leaves me back to scrounging around for another used vehicle and wondering who, in this economy, still buys straight off the lot?
I did. I got cloth seats, which weren’t that horrible looking, no hole in the roof, and pretty sharp steering. And since there were only two of this model left on the lot — arrival of the next model year was imminent — the dealer was happy to let this $20k car go for $15,400 and change. I’d still have it were it not for a wandering ruminant of the family Cervidae.