Yeah, my car is 18 years old, has almost 300k miles on it, and because it’s desirable and not made anymore, it’s still worth about half what I paid for it 14 years ago.
Want to see crazy used car prices? Look at small Toyota trucks in southern California. The prices are insane because many people want a small basic truck for work. The 22R and 22RE engines live long and if they do die it is easy to source a rebuilt engine.
Small trucks cannot be imported into the US due to the Chicken Tax. American companies will not build small trucks because they like the profits from large SUVs and trucks.
A lot of things break on cars that old, so any buyer has to be a bit stupid to pay that price…
laughs in a 30 year old van, that gained about 40% of value since I bought it 3 years ago
If it was built well, and is simple enough, it’s not too much of a hassle and you can maintain a lot of it yourself. Most new cars are complicated garbage that breaks constantly straight out of the factory, and you have to take it to a mechanic to do anything because of their complexity and proprietary software. Compare that to my van, where I can read the OBD2 error codes on my phone over bluetooth with a $10 dongle, and can do most basic maintenance (oil, ATF, spark plugs, belts) with basic hand tools and a car pit.
Yeah I understand the value of that. We can see it also in consumer electronics, or any consumer product really, how its designed to break right after warranty.
Its fun to hear from these companies how they care about the environment while at the same time producing endless things that will end up in the trash in just a few years.
A brand new car.
Buy used, let someone else take the depreciation hit.
With how complex (and unrepairable) modern cars are, in a few years the used car prices will probably shoot up because of flailing supply.
Yeah, my car is 18 years old, has almost 300k miles on it, and because it’s desirable and not made anymore, it’s still worth about half what I paid for it 14 years ago.
I doubt anyone will pay half the price of a 4 year old model if its 18 years old…!
A lot of things break on cars that old, so any buyer has to be a bit stupid to pay that price…
Want to see crazy used car prices? Look at small Toyota trucks in southern California. The prices are insane because many people want a small basic truck for work. The 22R and 22RE engines live long and if they do die it is easy to source a rebuilt engine.
Yep, and nobody makes a true equivalent to the small pickup anymore. Even the Ford Maverick is bigger than 90s Tacomas, and Rangers
Small trucks cannot be imported into the US due to the Chicken Tax. American companies will not build small trucks because they like the profits from large SUVs and trucks.
Yep. There also emissions vs weight or payload of the vehicle regulations that make it even less profitable to produce small pickups here.
It all depends on what car it is. Obviously, nobody is dumb enough to pay that on an 18 year old KIA or Hyundai.
laughs in a 30 year old van, that gained about 40% of value since I bought it 3 years ago
If it was built well, and is simple enough, it’s not too much of a hassle and you can maintain a lot of it yourself. Most new cars are complicated garbage that breaks constantly straight out of the factory, and you have to take it to a mechanic to do anything because of their complexity and proprietary software. Compare that to my van, where I can read the OBD2 error codes on my phone over bluetooth with a $10 dongle, and can do most basic maintenance (oil, ATF, spark plugs, belts) with basic hand tools and a car pit.
Yeah I understand the value of that. We can see it also in consumer electronics, or any consumer product really, how its designed to break right after warranty.
Its fun to hear from these companies how they care about the environment while at the same time producing endless things that will end up in the trash in just a few years.