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How many people do you know with 20 year old 2000-2017 cars?

by shliachtx 9y ago

Randin 9y ago
None, as that year range is less than 20 years.
deleted 9y ago
[deleted]
vertex-four 9y ago
Honestly, the issue there is that the car market pushed people further towards buying a new car on a loan and then trading it in every few years, or leases. Nobody expects to be driving the same car for the next 20 years, and loans are easy enough to get that few people who're doing reasonably ok with money are "forced" to get a used car.
- mannykannot 9y ago
  I did not think of this until reading this thread, but the practice of leasing may be driving the longevity of modern cars, which is in stark contrast to what is happening with domestic appliances. Somewhat paradoxically, the leasing model seems to benefit from a robust used-car market.
  - douche 9y ago
    Without leases, I'm not sure that there would actually be any supply for the used car market. There are some small percentage of people that buy and sell new cars every two years, but most people I've seen buy cars and drive them into the ground until they hit a major, expensive mechanical repair or couldn't get them to pass inspection any longer. Most used cars I've looked at in dealerships (as opposed to the Craigslist/Uncle Henry's as-is-where-is private sales) were overwhelmingly former lease vehicles.
    - mannykannot 9y ago
      Precisely - it is a problem for the industry if it cannot easily sell formerly-leased cars at prices well above what a clunker would fetch.
jsight 9y ago
None, since that range would make that impossible, but I have ~170k miles on one of mine at the moment with few issues. It replaced a car that had 190k miles from around 2000. Its worst problems were a bad A/C compressor (replaced at ~100k miles) and a slipping clutch (it was the original clutch). The plugs and wires were replaced once during its service. Modern cars are amazingly reliable and amazingly safe compared to their predecessors.

How many people do you know with 20 year old 2000-2017 cars?

Randin 9y ago

None, as that year range is less than 20 years.

deleted 9y ago

[deleted]

vertex-four 9y ago

Honestly, the issue there is that the car market pushed people further towards buying a new car on a loan and then trading it in every few years, or leases. Nobody expects to be driving the same car for the next 20 years, and loans are easy enough to get that few people who're doing reasonably ok with money are "forced" to get a used car.

mannykannot 9y ago
I did not think of this until reading this thread, but the practice of leasing may be driving the longevity of modern cars, which is in stark contrast to what is happening with domestic appliances. Somewhat paradoxically, the leasing model seems to benefit from a robust used-car market.
- douche 9y ago
  Without leases, I'm not sure that there would actually be any supply for the used car market. There are some small percentage of people that buy and sell new cars every two years, but most people I've seen buy cars and drive them into the ground until they hit a major, expensive mechanical repair or couldn't get them to pass inspection any longer. Most used cars I've looked at in dealerships (as opposed to the Craigslist/Uncle Henry's as-is-where-is private sales) were overwhelmingly former lease vehicles.
  - mannykannot 9y ago
    Precisely - it is a problem for the industry if it cannot easily sell formerly-leased cars at prices well above what a clunker would fetch.

jsight 9y ago

None, since that range would make that impossible, but I have ~170k miles on one of mine at the moment with few issues. It replaced a car that had 190k miles from around 2000. Its worst problems were a bad A/C compressor (replaced at ~100k miles) and a slipping clutch (it was the original clutch). The plugs and wires were replaced once during its service. Modern cars are amazingly reliable and amazingly safe compared to their predecessors.