Simply pathetic to go into hock for a car that long. Better plan on keeping
it awhile otherwise you can get in real deep!
If it is wrecked, the insurance company is only obligated to pay for the
current value of the car, not what the poor sucker owes in financing. Better
take a step back and see if they really need that $35,000 monster truck or
Cars today hold up much better than they did in the past. I see many 10+
year old cars that are in very good condition. Before the mid 80's, a 10-
year old car would probably be a rattling, leaky rust bucket. Today, even
with minimal or no maintenance, a car can hold up pretty well. I do worry
about the last few years, with automakers squeezing suppliers to cut
prices. Quality and durability will be one of the first things to go. Even
computer modeling to design parts 'just enough' to hold up during the
warranty doesn't help.
I've read articles over the years showing that the average life of a
car, and how long people hold onto their own cars, keeps hitting records
every year. Found one link here. Shows it's nearly 9 years now:
If there is a no_junk in my address, please REMOVE it before replying!
All junk mail senders will be prosecuted to the fullest extent of the
On Sat, 27 Sep 2003 15:08:49 -0500, Andrew Rossmann
Lets see.. My father owns a 1986 Ford Ranger with 350k miles on it.. He's
replaced a water pump, and his universal twice. No other mechanical
problems, he drives it to work every day. It's just now getting to the
point where he has to baby it to keep it running.
My grandfather owned a 1976 Ford F150 Ranger, that he bought new, and kept
it until 1997, when sold it outright for $1500US cash, then bought a new
1998 F-150, which he then traded in again last November for a 2003 F-150.
My folks also bought a 1984 Crown Vic, drove it off the showroom floor, and
kept it until 1997, traded it for a used 1995 Thunderbird, for $15,000US
which began developing problems within months, so they sold it for $13kUS,
and bought a little right-hand-drive Suburu wagon (my mother was a mail
carrier). Me, on the other hand, I go through cars like a hot knife
through butter :/ (in 93, they bought a Probe for me, which had tranny
problems, kept it until 96, when I traded it in on a 1991 Mazda MX6.. kept
it until 2001, when it caught fire, bought the 1993 Taurus LX 3.8L for 2k,
a year later it started having tranny problems, then I bought a 1995 Rodeo
last year, and kept the Taurus as a backup vehicle (I was delivering
newspapers with it, thats pretty hard on transmissions, especially front-
wheel-drive, as most of my route was dirt roads) Got married in March, my
wife didn't have anything to drive, so she now drives the Rodeo, and I'm
driving the clunker of a Taurus, but I wouldn't trade it for anything...
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