2016-11-19

New Car versus Old Car

As I said before, I'm a car guy.  I love cars.  They are awesome fun, and many are beautiful works of art and engineering.

My car is beautiful.  My car is reliable, and it costs very little to own it.  I'm going to keep it that way.

Many years ago I bought a new car.  I put 168,244 miles on it, and then I sold it to a friend.  Then I bought a used car.  I kept it for four years.  Then I bought another used car.  I still have that one, 17 years later.  And I have no plans to replace it.

Some day my old car may suffer a catastrophic failure, or get wrecked.  It may get to the point where repair is an economic impossibility.  Then I'll replace it.  Until then, it's my car.  And I'm keeping it.

Yes, I do have to have my car maintained, and that costs real money.  Hoses, belts, brakes, tires, alternators, water pumps, and so-on can cost $1000 a year.  But the fact is that $1000 a year is a hell of a lot less money than the cost of a $30,000+ car.

Furthermore, I'd like the majority of my $1000 of maintenance costs to go to the local mechanic, versus spending $30,000 that mostly goes to an overseas conglomerate and its sales team.  Even so-called "American" cars are 80%+ built elsewhere.  And that doesn't even consider the car loan interest, which amounts to many thousands more used exclusively to line the pockets of billion dollar banks.

So why do people buy new cars?  It isn't reliability - a good properly maintained car is just as reliable as a new car, and is much cheaper to own.

I guess people buy new cars because they want something fancier to drive around.  Maybe they want new features, or want a new hip style.  There's nothing wrong with that.  I don't need it.  And I'd rather have my money go to something good.







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