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My read is that Toyota is trying to find a way to continue to make money from sales but without strictly producing new cars. Overall, if this program is not ext
by 11thEarlOfMar 5y ago
My read is that Toyota is trying to find a way to continue to make money from sales but without strictly producing new cars. Overall, if this program is not extending the useful life of their products, it's not a gain for the environment.
Toyotas have positive resale value up to an average of 210,000 [0]. After that point the cost of maintaining them is (theoretically) greater than the resale value.
It seems they are targeting a refresh about every 3 years, and doing that 2 times. The lifetime would then come in at about 10 years, which is right in the ballpark of 200,000 miles.
[0] https://www.forbes.com/sites/jimhenry/2014/05/31/toyota-leads-top-10-longest-lasting-brands-says-mojo-motors/?sh=668216b68a9b https://www.forbes.com/sites/jimhenry/2014/05/31/toyota-lead...
- posguy 5y ago20k miles a year is significantly above average, most car insurers in the USA were quoting policies based on 1000 miles a month or 10k miles a year this year, same as when I last shopped around in 2018.
- alisonkisk 5y ago