Ashful
Minister of Fire
I remember folks making all of the same claims and complaints in 1994, when your beloved classic FJ was new.I am having a real tough time buying into the depreciation and service issues of new vehicles... Most of the dealerships are flat rate shops and the service techs just try to unplug old components and plug in new ones without doing any diagnosis. The purchase price and sale has some pretty scary undercurrents these days. Most new vehicles are being financed...
New cars are better than old cars in nearly every way. The few examples you can find of a new car being bricked are matched by literally thousands of old cars requiring repairs in the same time period. It’s impossible to argue, without very few and rare exceptions, that old cars are somehow more reliable or preferable to new.
Financing a new car could be argued either way. Yes, if you get a 7 year loan at 7% then you will pay a cumulative 25% on that loan in interest. However that cost may be less than the difference in maintenance costs between a very old car you can afford for cash, and a new car. The bigger loss is the depreciation, and you can never justify buying a new car, based on finance alone, due to this massive depreciation.
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