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re: 8% of New Vehicles on the Market Cost Less than $30K
Posted on 8/7/23 at 9:58 am to Alt26
Posted on 8/7/23 at 9:58 am to Alt26
quote:sounds like a selective memory nostalgic point of view
With a little bit of effort and TLC, a car from the 60's and 70's can still run today with no issues. If something breaks, you can often still fix it. But what happens when something breaks on your 2017 vehicle and the critical computer component needing to be replaced is no longer available?
Cars in the 60s rarely ever went over 100K miles when almost every car put on the road as a daily driver puts 100K on the dash. shite you probably have housewives that drive them off the lot and put 100K without remembering to have the oil changed.
Basic maintenance and most cars will give you 200k
70s and even 80s card didn't even have 6 digits on the odometer.
Imagine walking up to a used car lot in 1992 and the salesman trying to offer you a car with 98,000 miles on the dash
Posted on 8/7/23 at 10:00 am to BabyTac
Ok then most of America can't afford a vehicle by your standards. That fixes absolutely nothing.
Posted on 8/7/23 at 10:02 am to notiger1997
quote:
Well this doesn’t seem smart. What comes next soon in the repair cost?
He is choosing to pay $6500 to repair a vehicle. The other option is spending $60k-$90k on a newer truck… so which part of that decision is not smart?
Posted on 8/7/23 at 10:07 am to Aubie Spr96
You may think that this is the one of the most unattractive cars ever made but you would be wrong. My grandfather had one of these and it was perfect. Vent windows, radio , 3 on the tree. And a huge assed trunk that could carry a tool box,chainsaw, extra gas can, and had room for an ice chest. All that for like $1500.
I believe this was peak automotive in US history.
I wish I had it today.
I believe this was peak automotive in US history.
I wish I had it today.
Posted on 8/7/23 at 10:08 am to AUFANATL
quote:
Hell, cars made in the 90's got 200,000 miles and had all of the modern safety features standard. You still see lots of them on the road, especially in the working class parts of town.
Have a relative that had a late model GMC truck with over 400k mikes. Never changed the engine out. Think he changed or had the tranny rebuilt once. He said with todays prices he may just paint it if/when the engine goes out and keep going.
Posted on 8/7/23 at 10:08 am to Alt26
quote:
But what happens when something breaks on your 2017 vehicle and the critical computer component needing to be replaced is no longer available?
The after market will supply or repair the components if it's profitable. Autos have had computer components since the early 80s.
Posted on 8/7/23 at 10:10 am to PhiTiger1764
quote:
He is choosing to pay $6500 to repair a vehicle. The other option is spending $60k-$90k on a newer truck… so which part of that decision is not smart?
Ok, I stand corrected. I just glanced at the post and didn't realize that it was a truck and that model. That kind of stuff I guess makes sense.
Posted on 8/7/23 at 10:14 am to fightin tigers
quote:
Every car has 40 charging ports, air conditioned rear seats, lcd panels galore, etc. No wonder costs are so damn high with that many options.
All of these things cost significantly less than they did 10-15 years ago.
Posted on 8/7/23 at 10:19 am to SuperSaint
quote:
sounds like a selective memory nostalgic point of view
Cars in the 60s rarely ever went over 100K miles when almost every car put on the road as a daily driver puts 100K on the dash. shite you probably have housewives that drive them off the lot and put 100K without remembering to have the oil changed.
Basic maintenance and most cars will give you 200k
70s and even 80s card didn't even have 6 digits on the odometer.
Imagine walking up to a used car lot in 1992 and the salesman trying to offer you a car with 98,000 miles on the dash
Yes. Those cars would "break down" quicker than today's cars. But you could still fix them.
Today's vehicles are more reliable and last longer. But they are also more and more reliant on computer components. Once the tech advances, the components you need to fix an older car may be obsolete.
The lifespan of a car from 1972 may be only 75K miles. But you could probably restore that car in the 90's and have it running for another 75k miles. Then do it again. With a 2017 model once it dies you may not be able to restore it because the tech needed to do so will be unavailable.
I'm not arguing that cars from the 60's and 70's were "better" than today's cars. It's just that they were relatively uncomplex enough to continue to keep them running (Hell, look at all of the cars from the 50's still operating in Cuba). Today's cars might be "better". But just like your old laptop from 2002, they may eventually reach a point where the tech to keep them running is no longer reasonably available. Thus, you have a cap on how long you can use the car
Posted on 8/7/23 at 10:29 am to Alt26
quote:
The lifespan of a car from 1972 may be only 75K miles. But you could probably restore that car in the 90's and have it running for another 75k miles. Then do it again. With a 2017 model once it dies you may not be able to restore it because the tech needed to do so will be unavailable.
You kind of get into diminishing returns, though. I love an old car as much as the next guy but there’s a point where something that old just isn’t near as comfortable or convenient as something 20-30 years old. I think the sweet spot starts in about mid-90’s if you want a true daily driver old car. You can still fix them ok to have a lot of the current vehicle features, passenger comfort and ride quality are not far behind today’s standards, but they don’t cost a ton.
In your example you had to fix up the car 3x to achieve 225k miles (over 50 years). A “newer” used car today can do that without having to be completely fixed up multiple times if you buy the right one and maintain it.
Posted on 8/7/23 at 10:31 am to Alt26
Take a car from the 1980 with 50k miles and take a car from 2010 with 50k miles
The 1980 model will take significantly more money to get 200k more miles out of it than the 2010
The 1980 model will take significantly more money to get 200k more miles out of it than the 2010
Posted on 8/7/23 at 10:36 am to Aubie Spr96
quote:
really don't understand how people do it.
Why pay sticker price when you space out that $120k king ranch over 10 years?
Posted on 8/7/23 at 10:36 am to Aubie Spr96
quote:
I really don't understand how people do it.
I can rebuild my existing ride and upgrade many systems for less than I can buy a new base model.
Posted on 8/7/23 at 10:57 am to Fat and Happy
quote:
And yet, people are gladly paying over $1000 a month on a vehicle note
Instgram cred is serious bidness
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