It is true that we are seeing signs of improvement in our economy and that a lot of people are now having jobs. But still, this doesn’t change the fact that it is still difficult to afford a new car. Even leasing a car is quite costly.
Many of my friends and acquaintances still cannot afford to buy a new car… especially with the pay they have. Even I had a difficult time acquiring a new car, which is why I understand their concerns with the costs of a car as well as the maintenance and operational costs they would have to take care each month once they finally have a car.
I strongly believe affordability will be a huge issue for most individuals looking for cars today. Many are having a tough time trying to manage their finances, especially if they have other important bills to pay like mortgages, student loans and bank loans.
Furthermore, there’s the issue of rising prices.
Each and every new car that rolls out is becoming more and more expensive as they come with more and more features. And a lot of buyers are put off because of the expensive price tags of new vehicles.
If car manufacturers continue to disregard this, they are sure going to lose their customers in the long run.