Who Needs a Car?
The significance and value of owning a car have definitely changed over the course of the years. Even though cars were invented over 200 years ago, their use has definitely become more standardized. There was a time when owning a car was a status symbol; only the wealthy had access to cars. The rich had personal drivers who would take them around, and a person who had an average wage would never dream of owning a car. Now, almost everyone in the country has a car. The majority of the time, our cars are sitting in lots or driveways. Regardless of that fact, most Americans want to be able to drive on their own. How do people see car ownership now? Is a car still a status symbol? How has Covid changed the value of car ownership in the U.S.?
The Reasons to Have a Car
Regardless of the amount of time that an individual drives, there is a large measure of independence that comes with car ownership. When a person owns a vehicle, he or she is self-sufficient when it comes to transportation. It is not a surprise that in more rural and suburban areas, a car is seen more as a necessity than a want. In areas that have more access to public transportation, a car may not be as much of a necessity. The cost of a car has changed drastically, and there are more options than ever when it comes to purchasing a car. The average cost of a new car is about $42,000, but in order to lower that cost, savvy car buyers buy used cars.
Where To Find a Car?
From Generation Zs all the way to Baby Boomers, people are using more social media outlets in order to find their perfect vehicle. Some may have the erroneous belief that older individuals are not using social media, but statistics prove that 40% of individuals over the age of 40 are using Facebook, TickTock, and Instagram in order to find their vehicles. Apart from that, it is still easy to search online to look at private sellers, dealerships, or online apps. Surprisingly, more people were satisfied with their car when they purchased it using an app than with an actual person.
Paying For A Car
When it comes to paying for a car, according to Lantern by SoFi, millennials are the most comfortable getting a car loan while other generations are maybe a little bit more hesitant to get one. A car is generally the second most expensive piece of property that an individual purchases and the majority of individuals do end up getting a car loan for their first car; it can be challenging to save up enough. There are various options available in order to get an affordable car loan.
Americans Love Their Cars
A car is more than a vehicle to get from point A to point B. A car can signify freedom. This is especially true considering the current pandemic. People want their independence when it comes to moving around. or they may be nervous about traveling with others on public transportation. Now, more than ever, a vehicle signifies self-sufficiency and freedom.
