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Americans can’t afford their cars any more and Wall Street is worried
(www.telegraph.co.uk)
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this post was submitted on 20 Oct 2025
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politics
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I dunno. I bought a Honda new twice. Once showed up on the city bus and negotiated them down to a nothing down & low monthly payment that I could manage for 5 years (I am an accountant and first built a spreadsheet with present value calculations to figure out my target price) car is built to last 20 at least, I paid it off easily enough, then someone ran a stop sign and absolutely smashed it to bits, I took the insurance money as a down payment and got a better car new, same low monthly, paid that off years ago and have been driving it since 2014. This was mostly possible because Honda did a zero or 1% loan both times. Used to buy beaters but this has been so much nicer, and it's easier on cash flow. I hope I can keep this one for as long as I need a car (mostly use the electric bike now) because it has all the tech I want but none of the tech I don't want. Like at this point if I won the lottery I still don't know if I'd want a car of today.
New car at today's prices, and what they are, I kind of agree with you but used cars at today's prices seem just as bad of a deal. And it was not always like this. You used to be able to negotiate, they had too much inventory.