A car is the most precious asset of one’s life. A car is a good attribute of your personality. She exhibits the taste of the owner. Owned a car in such a tight market is surely not an easy job. Gone are the days when the car was a status symbol. In present times, car has become a house-hold of family.
Affordable New Car Prices
What happens globally impacts us directly. The Automobile industry was badly affected by the just-ended recession. In fact, the recession started with the news of bankruptcy in the Auto-mobile companies. Economists were profoundly debated on the rise of the Auto industry. They argued that car prices would go high in the post-recession era. Now the recession has over – and good news for car buyer is; a car price is very much affordable. US is the biggest consumer market of Auto industry. Car manufacturers offer competitive prices for their respective consumers. There are new cars available for low income families.
Low Income Families and New Cars
It is your duty to protect your family from the scorching rays of sun or heavy rain or dust. You can do so – even with the low income you are earning annually. The ultimate attraction for the buyer is the amazing fuel mileage. According to the Economists, affordability of cars had been improved in the last decade of the previous century. However, there were marginal fluctuations in the Auto market. An average-priced car cost maximum $29,000, which is equal to your 24 weeks’ income.
Since the real estate market has been crashed – the cars certainly appeared as a valuable asset for a Low Income Family. A new fair-priced car will cost only 20 per cent of your annual income. Isn’t it great!?
New Car in Low Price
Renowned Auto brands are manufacturing cars which can accommodate all members of the family in a single car. You see! Even the design of such cars are elegant – unlikely the wagon or bus design. Auto companies are designing the cars keeping in mind the lowest annual income of a family. So there is no way one can not own a stylish car at low price. Rumor has it that new cars always cost one’s more than 50 per cent of annual household income. This is so untrue! With the emergence of Auto Finance industry – it is much easy to buy a new car without putting your budget in alarming status at the end of the fiscal-year. In the recent times, the new generation or new model of car is much more affordable than ever.
We need to keep one aspect in mind that when we talk about new generation or new models of cars, we expect the whole car including its design, safety standards, engine, fuel mileage, comfort, drive, etc to be upgraded to newer technological standards. All aforesaid prerequisites have been installed in new cars by manufacturer to meet the needs of competition within the strata of Low Income Families. Furthermore, the resale value of such cars is pretty impressive. Hard cash as many would say.
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