2024-08-14 18:54:58
There is no spending policy of Biden/Harris that impacted the average price of automobiles. The price of new cars has declined as supply increases post pandemic. Vance's figure combines purchases made including luxury brands, not the number required to purchase new. [Link] NEEDS_MORE_RATINGS(18-4-8) Author
2024-08-14 19:04:58
Vance is giving inaccurate statistics. People are not paying $50,000 A YEAR (in perpetuity?) to pay off a single car. You could outright buy a car for $50K, but you don't have to pay $50K the next year, and another $50K the next year and so on. That makes no sense. [Link] NEEDS_MORE_RATINGS(19-4-8) Author
2024-08-14 19:47:44
NNN, according to Cox Automotive, the average new car cost $47k in 2024. [Link] NEEDS_MORE_RATINGS(3-0-11) Author
2024-08-14 20:00:28
$50K a car is probably average, if you factor in luxury cars. But NOT a year. The cost to maintain an average car is less than $1K. The cost to least an average car is approx. $500/month. So no, cars don't cost &50K a year. [Link] NEEDS_MORE_RATINGS(9-2-8) Author
2024-08-14 20:13:42
1)The Harris/Biden administration has not increased car prices. 2)Cars do not cost $50k per year. The avg cost of a new car per year is @ $9,282 [Link][Link] NEEDS_MORE_RATINGS(20-1-3) Author
2024-08-14 21:50:30
The average new car cost is ~$47K, not $50K/yr. The annual ownership cost is ~$9,282 ('19 AAA). This includes depreciation, finance, fuel, maintenance & insurance. Prices fell 2.7% YoY (Mar '24 KBB). New fuel standards aim for 50+ MPG by 2031 (NHTSA). Sources: aaa.com/autorepair/articles/average-annual-cost-of-new-vehicle-ownership washingtonpost.com/business/2024/06/07/mpg-mileage-standard-biden-cars/ coxautoinc.com/wp-content/uploads/2024/04/March-2024-Kelley-Blue-Book-Average-Transaction-Price-tables.pdf NEEDS_MORE_RATINGS(11-0-2) Author
2024-08-14 21:54:16
The average new car costs 50K to buy, but not to lease for one year [Link] NEEDS_MORE_RATINGS(6-0-5) Author