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Jeez, cars are absolute necessity in US, and yet still ave cost new runs $50,000 US or about 44,000 euros.

I can assure you that a $50k car in the US is nowhere near 44k€ in Europe. You're lucky if it's below 54k€.

You can always buy a Corolla for 25k. People who buy new car have extra money and want an expensive one.