MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 60,254
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
Yes, I think cars last longer now too, compared to back then. 100,000 miles was something. Remember going for rides to watch the odometer turn over?Just a thought, something that might be relevant to the above numbers. I think cars hold their resale value better now than they did in 1970. I bought a used 1971 Impala when it was 11 years old for about $500 in good condition with under 100k miles. It sold new for about $4500 so about 12% the original msrp. An 11 year old Impala with under 100k is about $10,000 now and the msrp for a 2011 Impala was $24,000 to $30,000 so about 40% of the original msrp. My evidence is obviously anecdotal.
Many cars were done at 100K. Today, with proper maintenance, oil changes especially, I've seen a whole host of 200,000K+ vehicles for sale.
They don't rust out as fast either.
Still, the cost of a new car now is a bigger chunk of our paychecks than it used to be proportionally. So is most everything, though.