this post was submitted on 09 Mar 2025
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A Boring Dystopia
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The main value of a new vehicle is your time and peace of mind.
If you walk into a dealership and buy a brand new vehicle, with a five year warranty and a service plan, you have a very good idea what the next five years of driving will cost you, and you can be as certain as possible that the vehicle will be reliable.
Bangernomics makes sense until you factor in your time.
I'm talking something one year used with 10k miles on it will save you $10k+.
That's pretty expensive for the person who sold it to you, and in terms of peace of mind is the next best thing to buying a new one.
Hopefully anyone buying a new car understands that the second you drive it away it's losing 20% or more of its value.
Which is why you'd ideally keep it for a good few years.