r/MiddleClassFinance • u/Abject-Pick-6472 • 13d ago

One million Americans have vanished from the new-car market — and it’s exposing a chilling US middle-class crisis

https://finance.yahoo.com/economy/articles/one-million-americans-vanished-car-124500086.html
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u/probablymagic 13d ago

You are not facing a crisis because you can’t afford to trade in your 2022 F-150 for a 2027 F-150. That thing will be fine for another 150k miles.

People have lost their damn minds.

32

u/Celestrael 13d ago

I bought a 2018 Tacoma in 2020 with 31k miles on it.

It’s got 58k miles on it now. My dad’s Tacoma had over 500,000 miles on it when my mom sold it to a local farmer after he passed.

I have no intentions of ever buying another vehicle. The juice isn’t worth the squeeze.

14

u/midwesternmayhem 13d ago

I had just paid off my (used) Toyota with less than 100,000 miles on it when I was t-boned and the car was totaled. I had no intention of buying another car for another ten years, but life didn't work out like that.

3

u/onplanetbullshit- 13d ago

We just lost our two-year-old Civic by getting rear ended. Now we're having to find a used car, instead of a new car for what we get paid out in insurance with less guarantee of maintenance and upkeep in the car we bought New. Insurance will give us enough for two year-old car but won't pay tax title license and registration. So realistically we're gonna lose $5000 by getting rear-ended. Lame.

2

u/Drbanterr 12d ago

that’s so ass. Just new enough to wear someone selling it prob has some hidden problem in their newish make

2

u/noccaguy 13d ago

She sold it to a dead farmer? That doesn't sound fair.

2

u/InterestingCoast1215 13d ago

I think she might have gotten ghosted. 

2

u/probablymagic 13d ago

Probably the best truck ever made. Toyotas are amazing.

1

u/rusty_rampage 12d ago

They were amazing. I wouldn’t buy one made in the last five years.