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When the car dies you lose all of its value, financially speaking you should add that cost back to the monthly spendings. Also don't forget that reliability is
by 2rsf 3y ago
When the car dies you lose all of its value, financially speaking you should add that cost back to the monthly spendings.
Also don't forget that reliability is statistics, and the kind of older cars we are talking about, 10 years old?, is already loaded with electronics and sophisticated systems that cost a lot to fix.
Add to that the poorer safety of older cars, even lower speed accidents in town can be fatal and the newer the car you have a better chance to not get hurt.
- decafninja 3y agoDisclaimer: you're preaching to the choir since as a car enthusiast, I'm not one to follow the advice I posted. However... When the car dies, it's expected to have been driven long enough that it's nearly worthless anyways, so you're not going to be losing much. I would expect a 2013 (ten years old) Toyota or Honda to be pretty reliable. I would even gamble a 2013 Toyota Camry will last longer than a 2023 Mercedes Benz or various other brands. Is a 2013 Toyota Camry safer than a 2023 Toyota Camry? Probably not, but I'm pretty sure there is a certain level of diminishing returns, and the gap between a 2013 Camry and 2023 Camry is not significant. Also, this is a Camry (or Accord or CR-V or RAV4 etc.). We're not talking about a high level of sophistication. I'd be more concerned if this was something like a Mercedes or Porsche or even something like a Civic Type-R that have long had all sorts of fancy technology to achieve a high level of performance.