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This is true, but the value of your car plays an important role in that expense. And expected depreciation is an important factor to consider when buying a car.
by jrs95 9y ago
This is true, but the value of your car plays an important role in that expense. And expected depreciation is an important factor to consider when buying a car.
- xutopia 9y agoNot if you plan to run it to the ground. Then it's simply about upkeep until it dies.
- deleted 9y ago[deleted]
- volkl48 9y agoThat's only if you intend to sell it for more than scrap value some day. Any car I buy is getting sold to the junkyard for $500 in 10+ years and 200k+ mi. How steeply it's paper value declines between now and then doesn't matter much to me.
- totalZero 9y agoTrue. And in all reality, this is great for consumers and bad for holders of inventory. There's a tendency among people in business to mark everything to market. This helps avoid otherwise hidden losses but it doesn't actually make sense in some situations. For example, in the case of a family that owns two cars and replaces one every five years.
- jessaustin 9y agoHa! Good luck with that. Scrapped cars are down to like $60/ton. It seems reasonable that the scrap steel and used car markets would be correlated... If self-driving cars cause a drop in car ownership, it will be a good time to figure out a previously-uneconomical use of steel.