▲ | extraisland 3 days ago | |||||||||||||||||||||||||||||||
> People replace vehicles because they want and can afford replacement ones, not because they are mileage limited. That isn't quite true. It is often because it is uneconomical to keep. The issue with many older vehicles is that it just starts costing more to repair it than the car is worth. You are constantly putting in good money, after bad and the the costs keep going up over time. At that point it is often better to buy another vehicle. I could have kept my 2007 Vauxhall Astra going for another 100,000 miles. The issue is that the car was worth £600-1000. Each repair was costing upwards of £300. I could buy another second hand Vauxhall Astra with the amount of money I was spending on the car yearly. It just wasn't worth it. | ||||||||||||||||||||||||||||||||
▲ | sidewndr46 2 days ago | parent [-] | |||||||||||||||||||||||||||||||
This is just a bad application of sunk cost. The reason why you spend 300 pounds to repair a 1000 pound car is because it is a known item. If you buy a used one for 600 pounds, it may need even more repair than the one you already have. | ||||||||||||||||||||||||||||||||
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