Miscellaneous Tech News

jmoore

scottalanmiller

September release of MS VSCode is out.

dafyre

I'm Driving an 04 Toyota Pickup with 114k On it, lol. I'll get a few more miles out of it, I'm sure.

Donahue

I just bought a "new" car. It's an 08 with 160k miles. I tend to buy cars when they are around 10 years old and then just pay cash.

DustinB3403

@donahue said in Miscellaneous Tech News:

I just bought a "new" car. It's an 08 with 160k miles. I tend to buy cars when they are around 10 years old and then just pay cash.

Yeah I bought new originally, and while it's nice to have new. It's way nicer not having a car payment. . .

zachary715

@obsolesce said in Miscellaneous Tech News:

@jaredbusch said in Miscellaneous Tech News:

@obsolesce said in Miscellaneous Tech News:

We bought two new cars in 2015. Although we got a good deal and a bit less than MSRP, I won't make that mistake ever again.

Why would the above lead to the below?

@obsolesce said in Miscellaneous Tech News:

I will never buy newer than 5 or so years.

This is just stupid. Like everything else, vehicles are improved (mostly) every year. Better parts, better design, etc. The cars I grew up with in the 80's were never designed to last 200,000 miles or more. Of course a few did, but those were outliers.

Today's cars are absolutely capable of 200,000 miles or more when properly maintained with the recommended maintenance and inspections from the manufacturer.

Because in 2015, if we had bought a 2010-2011 or something instead, we'd have been able to get what we really wanted for the same price. A 4-5 year old SUV for the same price as a brand new car.

It's only been 3 years now and the value of the cars we bought are WAY less. One car has 30k miles on it, the other is less than 20k. And still, if we bought the same cars today, we'd be paying almost half for the same thing, still like-new condition.

This can easily swing though. Car values are so low right now due to cheap financing and low(er) gas prices. If gas prices climb again or financing becomes harder to come by, it will help car values (or used vehicles in general). Mostly banking on higher gas prices though as that's typically the key factor for what vehicles people are buying.

As long as you're planning on driving those vehicles into the ground, present values are meaningless. Only valuable obviously if you're planning on selling soon.