buying: It's Not Just You: Cars are Crazy Expensive - PressFrom - US
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buyingIt's Not Just You: Cars are Crazy Expensive

23:35  10 april  2019
23:35  10 april  2019 Source:   roadandtrack.com

The most expensive Mustang ever just sold for $2.2 million

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It was the most expensive car in the world ever produced upon its introduction, and only three being available to customers in the first lot, there was a crazy scramble to get hands on the remaining ones. Yes, it seems rental cars are more expensive at many places lately.

It ’ s not just in our heads, either. Cars have actually gotten more expensive over the past 10 years, and not just by a little bit. Interest rates have also risen in that time period, from an average of five percent to around 6.26 percent. Not only are cars more expensive , but your auto loan will now cost

It's Not Just You: Cars are Crazy Expensive© Zach Bowman It's not just you: cars are crazy expensive.

We finally know how much the 2020 Jeep Gladiator will cost. The truck starts at a shave north of $35,000, delivered. And if that seems insane for a steel-wheeled pickup truck to you, you’re not alone. We see all sorts of new vehicles around here, and increasingly, the first question out of any of our mouths is not, "how much horsepower does it have?" but rather, "What was the sticker?" That’s where the really shocking numbers tend to lie.

It’s not just in our heads, either. Cars have actually gotten more expensive over the past 10 years, and not just by a little bit. Edmunds says that, on average, new cars sold for more than $36,000 in February, up 29 percent from the same month in 2009. Meanwhile, median household income in the US has only risen to around $62,000, an increase of about six percent over the past decade. Even more cringeworthy? Interest rates have also risen in that time period, from an average of five percent to around 6.26 percent. Not only are cars more expensive, but your auto loan will now cost you more money.

Crazy Hummer H2 Has 86 Speakers, Can Be Heard 3 Miles Away

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It ’ s not just in our heads, either. Cars have actually gotten more expensive over the past 10 years, and not just by a little bit. That’s an increase of around one million from the year before, and it ’ s more than ever in the history of the car . The Financial Times says default rates have risen the

It ’ s not just in our heads, either. Cars have actually gotten more expensive over the past 10 years, and not just by a little bit. Interest rates have also risen in that time period, from an average of five percent to around 6.26 percent. Not only are cars more expensive , but your auto loan will now cost

The Detroit News says all of this could push more buyers to the used market, where there are plenty of solid vehicles available that won’t cost consumers more than half of their annual household income, but used car prices have crept up right alongside their new-vehicle counterparts, increasing by a staggering 36 percent to $24,499 from $17,980 in 2009.

It's Not Just You: Cars are Crazy Expensive© FCA US LLC 2020 Jeep Gladiator

How has this happened? Cars are nicer than they were 10 years ago. They’re faster, more efficient, safer, quieter, and laden with more tech than ever before, and all of those things cost money. They’re also responses to consumer demands, which is why when you start comparing mid-sized truck MSRPs, you’ll find that they’re all within $1,000 of each other once you check the same option boxes. That doesn’t make them any more affordable, though.

Manual Hatchback Prices Are Creeping Up; They're Onto Us

Manual Hatchback Prices Are Creeping Up; They're Onto Us Enthusiasts have long since taken advantage of the fact that manual options on cars are generally cheaper than their automatic counterparts. But now it seems that manual prices are starting to creep up.

It was the most expensive car in the world ever produced upon its introduction, and only three being available to customers in the first lot, there was a crazy scramble to get hands on the remaining ones. The most expensive street-legal production car in the world, this is coated with real diamonds.

Yes, it seems rental cars are more expensive at many places lately. The cost of everything has gone up in the. 7 for 12 days was an abnormally good deal. It ’ s no wonder you aren’t seeing that again. 0 is a good price for a week, ime, for a compact (price goes up for bigger cars ).

Subprime auto loans, or notes given to borrowers with a FICO score of 620 or below, are also partially to blame for the steady increase in car prices. According to The Financial Times, subprime auto loans represent one of the few consumer credit categories to see a sharp increase over the past year. Easy money means it’s easy to brush off the eye-widening numbers at the bottom of your loan documents.

But as a result, the Federal Reserve Bank says that as of the end of 2018, some seven million Americans were 90 days or more past due on their car loans. That’s an increase of around one million from the year before, and it’s more than ever in the history of the car. The Financial Times says default rates have risen the sharpest among borrowers under 30, followed closely by 30-39 year-olds.

If this feels familiar, it should. The mortgage industry followed a very similar path, one that led to a spectacular economic collapse. That’s less likely to happen here, as auto loans represent a much smaller portion of the country’s economy, around $300 billion, but it’s no less worrying for the industry, and for buyers who just need a solid car that won’t send them down the road to bankruptcy.

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Pristine Plum Crazy 1970 Plymouth ‘Cuda Is A Jaw-Dropper.
Go ahead, wipe that drool. We’ll wait. You may have to pinch yourself, because this purple ‘Cuda is the stuff of dreams. GT Motor Cars in Wallingford, Connecticut, is pleased to announce that this beauty is now for sale. There are two full binders of information on the 1970 Plymouth Barracuda you see here. This car was debuted at the Muscle Car & Corvette Nationals in 2018. It has all its original tags, build sheet, motor, and driveline. The icing on the cake may be its breathtaking Plum Crazy exterior paint, which is one of the most sought-after colors on a Chrysler.

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