this post was submitted on 15 Aug 2026
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I haven't bought a car in almost 10 years. But, there's this guy saying he has a lot full of used cars, $2500 to $4000. And, he says people are calling to ask if they can finance that small amount, whereas they used to just pay cash:
https://youtu.be/mdOOAxf7Cb4
"small amount". Ok Elon
In the context of prices of cars it is indeed a rather small amount.
And yet it’s still 2 months of median income in the US.
Which should be well withing an emergency fund for when, for instance, your car breaks down.
The median income for an individual in the US is ~~$3761~~ $4280/month.
That’s far higher than the $35,500/yr I found in census info, where did you get that number?
https://www2.census.gov/library/publications/2025/demo/p60-286.pdf
I actually trusted the LLM overview, which was a mistake; the median is $4280.83/month, a bit higher than I originally said.
Most people are digitally paid, so they can't avoid taxes