this post was submitted on 23 Nov 2024
75 points (97.5% liked)
Asklemmy
43989 readers
1486 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
financially aim for minimal depreciation. typically thats buying a 3 year old car and selling it when its 6 or 7. try to find total cost of ownership data to minimize repair costs.
practically find one that suits your needs.
Interesting. I've been buying mine at 3 years and keeping them until they become uneconomic to repair. My current car is 11 and it's still in great shape.
What is the logic behind selling at 7? Are you considering increasing efficiency of new models and average maintenance burden?
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.