What Does $10,000 Get You?
By: Anthony Fongaro | January 2015
Talk with someone who bought a car during the Nixon area and they will probably tell you their new Ford or Buick cost them a whopping $3,000. Imagine that for a moment. $3,000 for a shiny, probably massive new car. That same person will then say that cars are getting too expensive and they have a point. Now for bragging rights, who can tell me what the average price of a new car is? Anyone? Anyone? Bueller?
If you guessed $31,252, then congratulations! The average cost for a new car is at an all-time high, but not everyone wants to pay over $30k for a new car. In fact, some people don't want to pay even half that for a new car. Thanks to rebates, incentives, and cash back, a handful of new cars can be bought without trade-in value for about the same cost as a trip to Down Under. And these choices are...simply magnificent!
(Above: The Nissan Versa and Mitsubishi Mirage)
You get the privilege of choosing between the Nissan Versa and the gorgeous Mitsubishi Mirage.
The Nissan comes very well equipped with four doors, a wheel that moves the car around, five sumptuous seats, a device to play music, something in the front of the car that makes a lot of noise, and three (!) pedals. As an added bonus, you do get air-conditioning, an aux port to play your iAndroidWalkman, and cruise-control. While the Nissan treats you with a funny lever to operate the windows, the Mitsubishi uses magic to operate its windows with the push of a button. Basically, these should be all cars to all people. People would never know just how little you paid for your ride. Unless they actually took a look at, sat in, or drove in your car. Then yes, they would know thay you are a cheapskate who bought the cheapest new car on the market.
Surprise, surprise, these cars are actually quite terrible. Not only are they less equipped than an infant taking the SATs, they are slow, uncomfortable, ugly, and I don't want to talk about them anymore.
So what should you do if you need a vehicle that costs about the same money as seeing kangaroos in person but you still want to keep your dignity? Well, you'll have to search deep in the bowels of the dreaded used car section. Now, you might be saying to yourself: “wait a minute! Didn’t some show with 3 middle-aged men from a country that put’s the letter “u” in color do this many years ago?” The simple answer: yes. But! They’re from a country that put’s the letter “u” in color and their car prices are a bit different than here. Also, they decided to buy a V12 BMW and a V12 Mercedes for the price of their least expensive car (also a Nissan). Those choices can be bought for under $10,000 here and we would recommend them if you’re the sort of person who likes to brag that they have a V12 German car and complain about how astronomically expensive your repair bills are when (not if) the car breaks down.
Don’t think that there aren’t any good choices? According to cars.com, there are over 300,000 cars on sale for under $10,000 so there has to be some good choices, right? We will post a few articles about cars you can buy for $10,000 that won't make you feel like a sad panda every time you look at your car keys.
1 Photos courtesy of kbb.com.