Article source for : Inflated Car Prices and Financing Rage
I'm trying to buy a car and amazed at the prices now a days. Is it just me or are cars (new and used) extremely inflated? You can buy a plasma TV that once cost 1k's of dollars for $300 now. You can buy a cell phone with more computing power than the Apollo mission control. But a used car can cost you $15k bucks.
Just seems like it's the one industry that really hasn't improved that much in 100 years and constantly getting more and more expensive beyond the level of inflation.
Side note: the financing industry is equally bonkers. It's easier and cheaper for me to get a 2012 Chevy Sonic than a 2009 Chevy Impala. My interest rate is 1/2 what it would be in a used car, and the new one is $700 cheaper. There is also no solid way to even get a good feel on rates because year/make/model/new/used even the flippin color of the car changes the interest rate.
Rant over :)