free4now
Thinks s/he gets paid by the post
- Joined
- Dec 28, 2005
- Messages
- 1,228
Huh? Of course that point happens. It might not be easy to determine when it occurs, but it would seem to have to occur. I don't know of anyone who's been driving a car heavily (i.e., realistically) for 4 decades.
While it's certainly true that there aren't many 40 year daily drivers on the road here, the reason is not because "the repairs on a 40 year old car cost more than the cost of a new car". It's generally because one of two things happened:
1. A big repair was required that would cost more than the purchase price of a better used car.
2. The owner found the old car undesirable due to reliability or other concerns.
I do agree that there probably is a point perhaps 20-30 years into a modern car's lifetime when it will be more expensive to keep nice than payments on a new car. But that point is mostly irrelevant because anyone except a classic car collector will have sold it a long time ago.