this post was submitted on 23 Nov 2024
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the logic is depreciation. if you sold your car at 7 it is worth a lot more than at 11. imagine buying a 1 year old cellphone and selling it at 2 years old. compare that to buying a brand new cellphone and keeping it 6 years. the depreciation is related to the markets expectations of the items functionality vs it needing expensive repairs. a 3-7 year old car generally is reliable and considered functional. obviously different brands and models differ on these curves. a 7 year old honda is very different from a maserati.
Makes sense from a financial point of view. I tend to do extensive research before a big purchase and wouldn't want to be changing cars too often.
From an energy and pollution point of view it makes sense to buy quality and maintain the vehicle over a long time period.
It's tricky at the moment because we are transitioning to electric powertrains and these vehicles are not comparable to internal combustion.