The OP's article was careful to make this distinction, and I think it's very interesting (as well as being the crucial point of the article). Cars are now more reliable and last longer, but when they do develop a problem, it's less economically viable to repair them.
dragontamer|1 year ago
As such, it makes no sense to repair a totaled vehicle. You should instead buy a comparable used vehicle.
But saying the word 'Disposable' is pretty bad with regards to the headline. It doesn't capture the full effect of what the stats are showing. That is, we are all keeping vehicles for longer. Longer miles, longer life.
Repair costs for old vehicles always grows as old parts tend to be harder to find (factories have shifted production to newer vehicles. So you are forced to look for scrap). Meanwhile, older cars lose more and more value as they age.
SoftTalker|1 year ago
kube-system|1 year ago
Only in Texas and Colorado. Almost all states require cars to be declared a total loss before that.
The most common definitions are
1. The Total Loss Formula, which is when the value of the car is less than or equal to the repair costs plus the salvage value of the vehicle
2. 75% threshold -- which is when the repair costs are 75% of the price to replace your vehicle
https://www.carinsurance.com/Articles/total-loss-thresholds....
StableAlkyne|1 year ago
I sometimes wonder how much the carbon footprint of the auto industry would change if people preferred to fix them instead of throwing the whole thing away just because of a fender bender or an expensive part broke
nradov|1 year ago
ToucanLoucan|1 year ago
SkyPuncher|1 year ago
We generally get about 8 years out of a car before we start running into larger repairs. This tends to become the point we decide to trade it in for something new.
jazzyjackson|1 year ago