laurenceOfSuburbia@lemmy.world to memes@lemmy.world · 16 days agoThe used car market todaylemmy.worldimagemessage-square77linkfedilinkarrow-up1558arrow-down111
arrow-up1547arrow-down1imageThe used car market todaylemmy.worldlaurenceOfSuburbia@lemmy.world to memes@lemmy.world · 16 days agomessage-square77linkfedilink
minus-squareTrackinDaKraken@lemmy.worldlinkfedilinkEnglisharrow-up15·16 days agoI haven’t bought a car in almost 10 years. But, there’s this guy saying he has a lot full of used cars, $2500 to $4000. And, he says people are calling to ask if they can finance that small amount, whereas they used to just pay cash: https://youtu.be/mdOOAxf7Cb4
minus-squareProprietary_Blend@lemmy.worldlinkfedilinkarrow-up5arrow-down1·16 days ago“small amount”. Ok Elon
minus-squareblackberry28@sh.itjust.workslinkfedilinkarrow-up14·16 days agoIn the context of prices of cars it is indeed a rather small amount.
minus-squareatomicbocks@sh.itjust.workslinkfedilinkEnglisharrow-up1·16 days agoAnd yet it’s still 2 months of median income in the US.
minus-squarekkj@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·edit-215 days agoThe median income for an individual in the US is $3761 $4280/month.
minus-squareatomicbocks@sh.itjust.workslinkfedilinkEnglisharrow-up1·16 days agoThat’s far higher than the $35,500/yr I found in census info, where did you get that number?
minus-squarekkj@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·15 days agohttps://www2.census.gov/library/publications/2025/demo/p60-286.pdf I actually trusted the LLM overview, which was a mistake; the median is $4280.83/month, a bit higher than I originally said.
I haven’t bought a car in almost 10 years. But, there’s this guy saying he has a lot full of used cars, $2500 to $4000. And, he says people are calling to ask if they can finance that small amount, whereas they used to just pay cash:
https://youtu.be/mdOOAxf7Cb4
“small amount”. Ok Elon
In the context of prices of cars it is indeed a rather small amount.
And yet it’s still 2 months of median income in the US.
The median income for an individual in the US is
$3761$4280/month.That’s far higher than the $35,500/yr I found in census info, where did you get that number?
https://www2.census.gov/library/publications/2025/demo/p60-286.pdf
I actually trusted the LLM overview, which was a mistake; the median is $4280.83/month, a bit higher than I originally said.