I wonder about money. Who has a new car?
By marguicha
@marguicha (222855)
Chile
June 13, 2019 11:04pm CST
In every show on TV, there are people who own beautiful new cars. I wonder.
How do people in the US get their cars? Are they cheaper than the cars in other countries?
I agree that there are expensive cars and that those are owned by rich people. But normal folks? People who have trouble paying their rent? People who have problems paying for health insurance?
I sold my car (a 20 year old car) when I discovered that it was more expensive to pay for the permit than to pay for Uber cars when I go somewhere. After all, I don´t go out that much. I´m retired and moving around is expensive.
What happens in other countries? I´d like to know how does this work in other countries. Enlighten me, mylotters from all the rest of the world
I´ll be reading and commenting your answers. Let us interact with an interesting subject.
11 people like this
10 responses
@FourWalls (67775)
• United States
14 Jun 19
Leasing is becoming popular here. People lease cars for 1-3 years then turn it in and get a new car. The monthly payments are less than purchasing, which is another reason it’s popular.
I bought my car after leasing it. And I’m like you, I plan on keeping it for quite a long time.
2 people like this
@marguicha (222855)
• Chile
14 Jun 19
There is leasing too here, but most of the people prefer to buy their cars. They buy them in monthly installments and pay lots of interest.
1 person likes this
@LadyDuck (471354)
• Switzerland
14 Jun 19
My husband sold his sport car three years ago (it was a vintage 30 years old car) and decided also to sell our city car and to buy a new one. We still needed a car because I went every month to visit my mother in Italy and we brought her here to spend some days with us. The car dealer suggested to buy a car on "leasing", you pay a little amount every month and it covers the cost of the car, full insurance and all reparations during 5 years. The car will be 100% our car in two years. After that I do not know what we are going to do.
1 person likes this
@marguicha (222855)
• Chile
15 Jun 19
I sold my car a couple of years ago and started using taxis and Uber. I think that it is best in my situation.
1 person likes this
@marguicha (222855)
• Chile
15 Jun 19
@LadyDuck Of course I only take taxis or Uber in the city. And fot long rides I use the metro. When I visit elsewhere, I take buses. They are quite good.
1 person likes this
@LadyDuck (471354)
• Switzerland
15 Jun 19
@marguicha A Taxi to go to Milan asks about 400 $, that means 800 $ round trip. Uber does not exist in Switzerland, only regular taxis with a license, the minimum fare is 20$ for a (very) short travel. Until my husband is well enough to drive, a car is a lot better.
1 person likes this
@marguicha (222855)
• Chile
14 Jun 19
Here it is the same. But I don´t understtand the need of a new car when people don´t have money for other basics.
2 people like this
@rakski (122335)
• Philippines
14 Jun 19
@marguicha True. After a few months, the car company will get the car back because the buyer cannot pay the monthly payments
1 person likes this
@Bensen32 (27610)
• United States
14 Jun 19
I think here we drive more than other countries? So it kind of is a need to have a car. People want reliable cars so the need for a newer car is higher. Like for me, I live about 36 miles from work and there is no public transportation that I can take I need a reliable way to work of course I am driving a 8 year old car that I bought new made payments monthly and paid off 3 years ago.
Most people will payoff a car and right away go get a new one. I will drive mine till something major goes wrong and then get a new one. In my opinion they are not cheap, I would say an average price for a new car is $25,000 of course if you are making monthly payments you will pay a lot more than that by time you pay it off.
1 person likes this
@marguicha (222855)
• Chile
15 Jun 19
Cars are not cheap at all. I decided a few years ago, after I got ill and had several side effects of chemotherapy, that I wasn´t capable of driving so much as to make a car worth it. So now I use taxis and Uber.
1 person likes this
@Bensen32 (27610)
• United States
15 Jun 19
@marguicha Yea, if you are not going to far to often that would be the way to go. For me an Uber would cost my about $50 one way to work so at about $500 a week in Uber it's better for me to just buy my own car.
1 person likes this
@marguicha (222855)
• Chile
15 Jun 19
@Bensen32 We have to do our own math, of course. I would think otherwise if I wasn´t retired.
1 person likes this
@marguicha (222855)
• Chile
15 Jun 19
@didinedhia It is difficult to go against the people who have the power. But we threw out Pinochet, so maybe you can do it.
1 person likes this
@didinedhia (8470)
• Algeria
15 Jun 19
@marguicha the problem in my country is!!! they stole our money!! all of it!! we have alot of raw materials especially oil and gaz!! it brings alot of money for the country!! if we have a good president! all this years!! we would have been one of the greatest countries in the world!! you have no idea how much government stole!!! we have a dirty government!! and we are fighiting it right! now !! youcan look on youtube !! i think we did the biggest peace marches in the world
1 person likes this
@Nakitakona (56486)
• Philippines
14 Jun 19
We have a family service bought out of my retirement proceeds. It's a second-hand versavan. Now it serves us perfectly wherever my family want to go. We often use it when we go to Church as a family. It's a MIitsubishi L300 Diesel Engine Model 1998. It's well-maintained.
1 person likes this
@marguicha (222855)
• Chile
15 Jun 19
@Nakitakona When I sold my Toyata it was as good as new although it was almost 20 years old.
1 person likes this
@marguicha (222855)
• Chile
15 Jun 19
Older models can be good enough if well maintained.
1 person likes this
@Nakitakona (56486)
• Philippines
15 Jun 19
@marguicha Yes, our family serice van is well-maintained. I always see to it that.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
14 Jun 19
For a new car it isn't out of the question for people to get loans as long as 5 years. It keeps the monthly payments affordable for them, but makes the total they pay pretty ridiculous (in my opinion). They usually never go the full 5 years, but just trade the car in every few years. So basically they will never go month to month without a car payment.
For me, I've never understood the "need" for a new car. My pick up truck is a 1999, my motorcycle is 1984, and my wife's sedan is a 2007.
1 person likes this
@ParaTed2k (22940)
• Sheboygan, Wisconsin
14 Jun 19
@marguicha I know a lot of people who don't think they are in "real debt" as long as they can afford to pay their monthly bills. They even talk about the price of big ticket items in terms of monthly payments. The total amount they pay doesn't even register for them.
1 person likes this
@marguicha (222855)
• Chile
14 Jun 19
I can understand how you manage, but I don´t understand the need to be in debt permanently. Some people in my country are always using their credit cards in a nonsensical way too.
1 person likes this
@marguicha (222855)
• Chile
15 Jun 19
@ParaTed2k I met once a young couple who had awesome furniture and the like. Nothing was really paid. Their credit card could not be used for an emergency as it was all used.
1 person likes this
@Juliaacv (51103)
• Canada
14 Jun 19
A lot of Canadians will take out a 3 to 5 year car loan.
We have never done that.
My husband has a savings account that he aggressively deposits into, and if we do not have any emergencies arise, then we can buy a slightly used (1-2 year) old car for cash. This method has always worked for us and when we get the vehicle, it is just broke in, but still under the manufacture's warranty. Then we tend to drive that vehicle until the wheels fall off so that we get the most for our money.
1 person likes this
@marguicha (222855)
• Chile
15 Jun 19
My husbans always said that a vehicle lost its worth by just leaving the place where it was sold. So a slightly used car is a great buy.
1 person likes this
@marguicha (222855)
• Chile
15 Jun 19
From your posts, I think that you have enough money for them. But it is not the case of many people.
1 person likes this
