01-31-2017, 02:36 PM
(01-30-2017, 10:29 PM)The ferret_imp Wrote: Longranger the average family sedan these days is probably in the $37,000 range. A new Accord will actually set you back about $34K (my wife has been shopping for a new one)
I'm not sure how it all works out, but for comparison, the year I graduated, 1968, I know you could buy a new CB 750 for $1299 (a Bonneville, Commando or new Harley was more), a VW Beetle for $1899 (a Chevelle or Mustang was 25% more) and I was making $1.60 an hour.
1968
Average Cost of new house $14,950.00
Average Income per year $7,850.00
Average Monthly Rent $130.00
Gas per Gallon 34 cents Average
Cost of a new car $2,822.00
Movie Ticket $1.50
The Federal Hourly Minimum Wage $1.60 an hour.
Postage stamp .06
According to what I can find online in 2016 averages
Buy a house $379,800
monthly rent $1300
household income $55,755
movie ticket $10.49
postage stamp .47
Minimum wage $7.25
Cost of a new car $33,560
According to this inflation calculator
http://www.usinflationcalculator.com/
if you paid $1299 for a 750 Honda in 1968, today that bike would cost $8960.00
conversely if you paid $12,199 for a bike today (msrp of a new 2017 EX?) in 1968 that bike would have cost $1768.80.95
picking up a new 2014 left over for $7500 is like paying $1087.47 in 1968 or way less than a new CB750 then
A 2017 Accord Sedan LX 6-Speed Manual (assuming everyone on this forum can drive Manual) starting at $22,455 MSRP. If one doesn't go crazy with all the bell and whistles, one should be able to get a Honda Accord for about $26,000 OTD. If one doesn't mind a 2016 model, it should be less than 26k OTD
Source : http://automobiles.honda.com/accord-sedan
Or one can get a Ford Fusion for less money than the Accord.
So going back to the point, any motorcycle above $17k buy you a very decent car. Only a handful of people can afford a motorcycle in the $20k - $30k range.