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by sokoloff
2045 days ago
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I think a lot of the disposable nature is related to the auto repair shop rate being $130+/hr to the customer and assembly line labor being $35/hr to the manufacturer. (And of course combined with "people like shiny new stuff".) It also makes me sad, both from an ecological standpoint, but also from a financial standpoint. I see a lot of people making car payments that are $400+ for 72-month loans. (The average car loan length in 2019 was 69 months for a new car and perhaps an even more astonishing 65 months for used cars.) Then, because they have a loan, they have to have expensive collision insurance and maybe even gap insurance. Then, because it's an expensive liability they see everyday, they feel like they have to take it to the dealership for repairs (to "protect their 'investment'"). Some people feel like they need to build a little house to protect it (which needs a curb cut and associated extra land usage), etc. If it were more commonly accepted to drive a "millionaire next door" 15-year old Camry or CR-V, I think we could go easier on the world and on people (maybe except for people who work in the automotive new-car supply chain). Until then, I can be happy that people buy so many new cars so often, because if they didn't do that, there wouldn't be any cheap used cars for me to buy and DIY-repair to avoid the shop rate and parts markup. :) |
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