3 ms·
Why does the value become less than zero?
by gvjddbnvdrbv 7y ago
Why does the value become less than zero?
- apta 7y agoMaintenance, repairs, gas, etc.
- compiler-guy 7y agoThe old saw about restoring classic cars is relevant: "What does it take to own a Sunbeam Alpine MkII worth a small fortune? Start with a large fortune." Eventually mechanical things need more repairs than they are worth functioning. That is a negative value car. People who can wrench themselves can make those repairs only for the cost of parts and if you think about it as a hobby, then you actually aren't paying for labor, but even then, you spend far more than the return the car could give you.
- sliken 7y agoMost obviously when a car whose value is $x needs more than $x of repairs to get drivable again.
- perl4ever 7y agoIt seems like everybody believes that you should get rid of a car when it costs more to fix than it's worth, but that seems like a complete non-sequitur to me. The question is whether the repairs over time cost more than the monthly cost of a newer car. Assuming there are no features you feel you need on the newer car. But I think the truth is, by the time a single repair can cost more than a car is worth, people are usually sick of it, and a nonsense reason is all that's needed.