Joe Doakes from Como Park writes:
I went with my son-in-law looking at used cars this weekend. Have you seen the prices? Shockingly high. With incentives, rebates and interest rates, brand-new costs the same as used.
You do, indeed, pay a lot these days for that “pre-depreciated” option.
The used vehicle market seems to be distorted: there aren’t enough used vehicles so the scarcity has driven up demand and with it, price. It’s as if some giant vacuum cleaner sucked up millions of perfectly good used cars and crushed them to get them off the market. Weird.
My son-in-law can afford a replacement vehicle so I suppose that makes him a 1%-er. I have no idea how single mothers or low income minority families do it. The burden is falling on those least able to afford it. Good thing this isn’t the result of some well-intentioned Bush-era government program or there’d be Hell to pay.
Because if an Administration were to make “imposing scarcity for a necessity – affordable transportation – on low-income Americans” a “first 100 days” priority, some might think that Administration didn’t have the good of this country’s poorest at heart.
That’d be just weird, woudln’t it?