Glossary / General

affordability

14 Episode Mentions

Too Afraid to Ask

It means how much it costs to buy and keep a car, so people can decide if it fits their budget.

Technical Definition

Affordability refers to the cost of acquiring and maintaining a vehicle, including purchase price, insurance, fuel, and upkeep.

Hear It Discussed

"Let's dig in a little bit more on affordability... Yes, the issue is affordability. Right now, the average ticker price is over $50,000."
Toyota CEO Admits They Have a HUGE PROBLEM | Episode 1070 CarEdge Live 06:39

"And I hear CEOs of all the major manufacturers say we need to address affordability. I know they keep saying it at Ford..."
#343 FTC Crackdowns : New Car Dealer Rules You Need to Know Wrench Nation 35:08

"Downsizing, shifting to use, stretching loan terms, or holding out for deals as affordability tightens."
Miller on Alleged Breach, O'Hara on Chicago Market, Davila on Buying Used Cars | Daily Dealer Live Car Dealership Guy Podcast 00:57