With a presidential election looming and price tags seemingly skyrocketing, it’s safe to say that these are uncertain economic times, especially as it pertains to buying a new car on a middle-class budget. A is at least a five-figure outlay, and luxury rides can even reach six figures. For those in the middle class (i.
e., those households making between $56,600 and $169,800), it’s just as important to know what cars to avoid as it is to know what you want. As , money expert Humphrey Yang recently broke down the current state of affairs in the American auto market, noting that average American citizen’s income was approximately $59,384 — which is just a little over the average new car price.
Purchasing a car that literally costs one year’s salary is a risky proposition, especially when expensive car loans and high insurance. As such, should at the very least stick to cars well under the $40k mark. Here are five that go well beyond that price point, and thus outside the reach of the middle class.
Earning passive income doesn't need to be difficult. $41,900 Per , this hybrid comes with a “well-crafted interior,” “choice of gas or PHEV powertrains” and “smart storage features in the cargo area.” Unfortunately, it also lacks a fully electric model for the more environmentally-conscious middle-class shoppers, and it also comes with an MSRP over $40k.
$47,295 According to , this Audi, while “chic” and “fun to drive” costs nearly $50k and is awfully shor.