Americans have 1.6 trillion in car loan debt?

[Serious]

And the true cost of a car is way under $5000
Taking it consideration cheap mild steel, rubber, plastics and glass they buy in massive bulk as raw materials or from their own manufacturers.
A can of coke to make, from the drink itself to aluminum is around 7 cents. I learned that in an engineering manufacturing class back in the days.

Feel free to elaborate more on this

 

[3rdWorld]

Feel free to elaborate more on this

The system is rigged, how do you think profits for industry are through the roof.

Ever wonder how a price can keep falling till its in the bargain bin at a throwaway price?
Well the store is still reaping insane profits from the bargain bins..
Ask yourself how dollar stores are able to stay afloat.

 

[Monoblock]

Car been paid off for 3 years now and I see no reason to get a new one.

 

[Luke Cage]

Grew up buying used cars off craigslist. and still able to find deals on there today.
People in debt because they go to dealerships to buy cars.
Challenge anybody to go on craigslist and not be able to find a car under 7K.