Quote:
Originally Posted by XutvJet
Not true. You just tend to hang out with more wealthy people that own cars under warranty. A vast majority of car owners in the US cannot afford new cars or cars with a warranty. God help someone with an EV that needs an out of warranty battery or motor replacement. For most, the EV will be mechanically totaled at that point.
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Just because someone buys a new car or a car with a warranty doesn't mean they're wealthy. Leases, being able to roll over negative equity into the next car loan, sub prime auto loans, and loan terms that now go out to 7 years have made new cars accessible to many people; even those that have no business buying a new car.