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The ever constant rising cost

Discussion in 'Road Side Pub' started by DEADLY FORCE, Feb 28, 2015.

  1. DEADLY FORCE

    DEADLY FORCE . Established Member

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    Location:
    Savannah, GA
    I know the technology, hp, quality, style, safety and inflation have all gone way up in the last decade. The rise of car prices in the last 10 years have doubled. If you look at the avg annual inflation of 4%, then it makes sense. Although I'm fortunate enough to say that my pay has also doubled, I still can't justify the pricing on the top of the line cars these days, as for me, ten years ago wasn't that long ago and I remember buying that brand new 2004 SVT Cobra below MSRP for 32 grand.

    I won't be getting with the times. I would rather fatten up on my investments for retirement. I will enjoy my MMR built forged engine, Roushcharged 2011 base model GT that I paid 26 grand for brand new in 2010 which I slowly modded to my liking and will have fun beating/chasing the new Hellcats and such.

    Weird being somewhat the old guy now. I'm only 32, but I've been in the muscle car game for the last 15 years. I do think of all the money I could have better spent/invested. It was hell of a lot fun though!

    How does everyone justify it these days, paying such high prices? I know financing helps...
     
  2. Mr. Mach-ete

    Mr. Mach-ete Liberals Suck Established Member

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    Location:
    DelMarVa
    As much as I drool over some of the new cars hitting the street I can never justify spending the coin they want.
     
  3. SLVRBLT

    SLVRBLT Such is Life.... Established Member

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    Sunshine State
    +1 I will stick to used cars for a long time.
     
  4. Crimson2v

    Crimson2v Well-Known Member Premium Member Established Member

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    North Carolina
    All of our cars are paid for and I do not intend on getting into another car payment for a long time. I would love to get a truck but the prices on even used ones are ridiculous, looking at 20-25k for a truck with 60k on them insane. The new trucks are way overpriced. Hopefully prices will come down one day, because my pay has not increased as much as prices of items has.
     
  5. STAMPEDE3

    STAMPEDE3 SAULS BROTHER Staff Member Super Moderator

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    ^^Agree with all of the above.
     
  6. hoamskilet

    hoamskilet Well-Known Member Established Member

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    Location:
    Roscoe, IL
    Yeah, I've pretty much gotten to the point I'm gonna drive my truck until it starts nickel and diming me to death
     
  7. HEMIHUNTER

    HEMIHUNTER Well-Known Member Established Member

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    florida
    +65,000 for me too
     
  8. Double"O"

    Double"O" N2S come get some Established Member

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    PA
    I cant get over the 40k price tag on 1/2 ton pickup trucks...silly. then there are loaded ones for near 60k! For a damn half ton!!!
    F that
     
  9. spitin venom

    spitin venom ~*~*~*~*~*~*~*~ Established Member

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    Location:
    SoCal
    Vehicles will continue to go up. Especially with all the regulations and technology people want in them. Honda Civic starts at almost $20,000. That's cray.
     
  10. crfrider16

    crfrider16 Heretic Established Member

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    Location:
    Flemington, NJ
    I'm in the same boat. Have an 05 Silverado that I want to replace in a year or so. Been looking at rams and f150's. They are just out of control. My plan is to just find the best deal I can on a sub 50k, few year old lease return or trade in.
     
  11. Snake Pliskin

    Snake Pliskin Teen Idol Established Member

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    Greenville,SC
    My work took away scheduled overtime and I may never equal my 2008 income again. I have to keep the cars I have and pay off my house. Im 50 so financial stability is the most important that it has ever been.
     
  12. snakedoctor

    snakedoctor Well-Known Member Established Member

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    Where my shadow falls
    I bought a new raptor last year at under sticker and that will be the last new vehicle that I buy. Prices are out of hand. I can get a 2000 Cobra R, and a 87 Grand national to add to my collection for the price of a new top of the line Truck or 14 Shelby
     
  13. OhIIICobra

    OhIIICobra Active Member Established Member

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    Location:
    USA
    Actually government regulation can take much of the thanks for higher costs.

    The people didn't hit up the manufacturers to install airbags, TPMS, Electronic Stability Control, glow in the dark trunk handles, EPA mandates, & whatever else the nanny state determines a vehicle needs to protect you from you.
     
  14. CobraRed01

    CobraRed01 CornerCarvinCravin Established Member

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    Location:
    New Jersey
    Sure...but the government hasn't required:
    Multipurpose LED displays and electronics packages
    Automated parking, braking, and accident avoidance modes
    Heated leather seats and mirrors
    400 to 600hp
    etc, etc, etc...

    PLUS....
    Large screen TV.. and the cable cost required to run them
    Smartphones and the 4G data package required to run them
    Bigger homes, grills, kitchens, appliances.......
    Astronomical increases in health care (even before the ACA), and the cost of college, energy to run all the cool stuff
    etc, etc, etc, etc...

    Point is, we have sooo much extra sh-- in our lives you didn't need 20 to 30 years ago...which includes the cost of ownership. Call it "budget creep". It is significant....especially if your wages/income is flat. It is so seductive to want stuff we may have afforded once, but can't replace.. and worse..now have to do without. It feels like your losing. Ever notice how food package portions are getting small...and then they tell you less is better for you? As long as you are willing to pay more for less.

    As a note, prices double in 10 years @ 7%.. but remember the compounding factor.
     
    Last edited: Feb 28, 2015
  15. 01GTB

    01GTB Active Member Established Member

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    Central Florida
    With age comes wisdom. And for the kid in you, unfortunately maturity brings responsibility. Dad always had nice cars, but nothing over the top. Some might have said he spent too much on automobiles. But I could never understand why he didn't buy a 68 Shelby or Corvette before I was born. Looking at it from my 20 year-old eyes it seemed like an opportunity missed. A few years later it made perfect sense as I purchased a F350 XL for $26500 instead of the King Ranch. And the 2013 GT base model instead of the GT500.
     
    Last edited: Feb 28, 2015
  16. Givens

    Givens I wanna go fast Established Member

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    Texas
    Being responsible sucks sometimes, I've got to buy my wife a new car in May when she graduates from nursing school. It wont be new something low mileage under 25k. There all expensive!!
     
  17. 01Jes

    01Jes Z06 bought with food stamps Established Member

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    TEXAS!
    Because some people are like fish, they want the new shiny sparkly led loaded vehicle. Finance it for 7~8 yrs and do it all over again in 3.
    Not me I'm a cheap whore now.
     
  18. Steve@TF

    [email protected] Authorized Vendor Premium Member Authorized Vendor

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    Location:
    Los Angeles
    i cringe when i hear people paying $1k a month, for one vehicle. im sure that's a mortgage payment for many folks here.

    i finally saw a 2015 5.0 vert on the road yesterday. i just kept thinking, that car may have cost $50k! :uh oh:

    by the time my son is old enough to drive a focus will be $50k

    but it will probably protect you in case you drive off a cliff so....
     
  19. RedRocketMike

    RedRocketMike A Member Well Known Established Member

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    PA
    Some cars have maintained reasonable prices. I have the window sticker for a 95 Accord LX Sedan and it is $17,700, an equivalent Accord 20 years later has an MSRP of 22,800. The destination charge has doubled though, and that 95 was built in Japan.
     
  20. OhIIICobra

    OhIIICobra Active Member Established Member

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    And I would argue that nobody needs any of that other stuff you mentioned, just as they didn't need it 30+ years ago. It's called people love to live beyond their means. I mentioned the specific government mandated parts in my previous post because they drive up the cost of the most stripped out base model car.
     

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