You’ve obviously never shopped for a used Tahoe. A 5 y year old Tahoe is worth $10k with a salvage title and unresolved body damage.

Vehicles aren’t an asset bubble, they still depreciate like normal. People used houses as ATMs because they had equity. Financed cars don’t have equity. You could argue vehicle prices and house prices have climbed so high because interest rates are historically low, but most car prices are normal. The reason for…

I believe you mean Festiva-s

You forgot “when gas is cheap”.

Over 100k in Canada for a loaded one, it boggles my little pleb mind.

ive been hearing about thay bubble for a while now people using their cars as assests taking loans out on its worth. holy fuck people are stupid casue poeple never pay back small loans. if they end up under in that small loan the loan is gone and the bubble increases. that was back in 2012-14 its now gonna be 18. i…

When I was a kid, Honda Days was the one, sacred thing that seemed to bring people together. Now, it seems like you can’t even put a statue of Sochiro anywhere in public without some Toyotathonist getting all offended. Sorry, America is a predominantly Hondeo-Acuran society and always has been, if you don’t like it,…

Excellent points. I always find it interesting to parse what people find to have or lack value. In general, it’s a good way to ascertain what is important in their lives.

Happy Honda Days Torch! May your VTEC kick in!

And I remember when Escalades were reskinned Tahoes which weren’t that nicely featured above the Tahoe, if at all. And an old Escalade can’t even hold a candle to a new Tahoe.

“while making no discernible difference in performance or actual driving experience, thus making the expense unjustifiable.”

Not why it costs more, but why it’s worth more.

Just my opinion, but a cheap car is worth about 25k$ these days and a good car twice that.

My dad bought a new F150, when I told him he could’ve had a new M3 for about the same money, his reaction was G O L D.

drive a 10 year old MB? rich asshole

I remember reading a while back that a top-spec F-350 (or maybe F-450...can’t remember) with every single option checked topped out at nearly 6 figures. To each his own, I suppose. I wonder how there are so many people who can buy these luxo-SUVs or supercars for that matter. Must be nice!

Bingo!

In any case, be prepared for the auto industry to tank again...

That, and if you default on a car loan, it’s repossessed in a matter of weeks/months. A home takes years to foreclose on, and by then it can be pretty wrecked.

“An apples to oranges comparison, but explain to me how a new Chevrolet Tahoe is worth $50-60k+?”