- avg price of a new car is now $40k
- avg price of a used car is over $27K
https://www.cnet.com/roadshow/news/average-new-car-price-2020/
But yeah, "bikes are expensive."
#a2council
- avg price of a used car is over $27K
https://www.cnet.com/roadshow/news/average-new-car-price-2020/
But yeah, "bikes are expensive."
#a2council
But wait, there's more! The average term of a car loan has been increasing. While this can result in lower monthly payments, it means a third of buyers are rolling over debt from previous loans into their new loans.
https://www.npr.org/2019/10/31/773409100/the-7-year-car-loan-watch-your-wallet
#a2council
https://www.npr.org/2019/10/31/773409100/the-7-year-car-loan-watch-your-wallet
#a2council
Plus, subprime auto loans and predatory lending practices can lead to devastating and long-term consequences for car buyers: https://www.marketwatch.com/story/frontline-workers-in-eye-of-pandemic-storm-for-months-now-fending-off-repo-man-11601587260#
#a2council
#a2council
And don't even get me started on how the poor, people of color, immigrants, and other groups disproportionately fall victim to traffic violence. @schmangee wrote a whole book about it, which you should read: https://islandpress.org/books/right-way
#a2council
#a2council
Bike lanes, traffic calming, and "safe streets" interventions aren't just some effete nonsense. They can materially improve the lives of everyone by making our streets safer for humans. So don't give me your bullshit about "bikes are expensive." #a2council