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More Than 80 Percent Of Americans Can’t Afford New Cars (jalopnik.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 11 months ago (1 children)

I was told in the 90's that in America if your car was 3 years old, your neighbor might worry you weren't doing too well, and you could buy 6 year old luxury cars for peanuts.

[–] [email protected] 2 points 11 months ago* (last edited 11 months ago)

Luxury cars are notorious for not holding their value, unless by "luxury" you mean performance cars, so that's normal.

I was born after the 90s so I wouldn't know, but generally speaking I'd always heard the average car in America is ten years old.