New Cars Come With A Lot Of Great Safety Equipment

In response to Whitney Tilson’s email yesterday about new cars and their safety, Anton Wahlman wrote (and gave him permission to share):

Car Safety Technology

I would add that there are so many new cars these days that come with a lot of great safety equipment, and they’re relatively inexpensive, with MSRPs from $17,000 to $25,000 (they often sell for 20% or more discounts, so we’re talking $20,000 or less in most instances).

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Check out the new models from Kia, Hyundai, Nissan, Honda and Volkswagen that are right around that level. And all new cars from Toyota, with prices all the way down to $17,000 or less, have a very comprehensive safety suite as standard.

The all-new models that came out in the last year or so have raised the bar. Whether the 2019 Toyota Corolla hatchback, the 2019 Nissan Kicks, the 2019 Kia Forte, the 2019 Volkswagen Jetta or the 2019 Hyundai Elantra – they’re all around $20,000 and have all or almost all the safety goodies as standard. Certainly for $23,000 to $25,000 you get them all.

And you know what’s even better? All of these new cars are not only safe and provide superior value but are also great to drive. They perform as well or better than cars that used to cost $35,000-$40,000 only two years ago. What improved value in a such short amount of time!

I drive approximately 100 new cars per year and am getting so jaded because nearly all new cars coming onto the market are shockingly good. And safe. And provide value.

I just drove the new all-wheel-drive Toyota Prius, which comes out in January. Its AWD ensures that you won't get stuck in snow or ice on a steep driveway, and it only reduces the combined city/highway fuel economy by 2 MPG, from 52 to 50. Depending on the trim level, it adds only $1,000-$1,400 to the price. When these new cars becomes available next month, they will be by far the most fuel-frugal all-wheel drive vehicle on the market.



About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver