Investing In The Past: Buying a New Car Vs. an Old Car (L105)

Buying an old car (20-30 years old), at first, may seem like a bad idea. Old rusty parts, bad gas mileage, and a lot of miles. What kind of person would invest in that? Well, the kind of person who is interested in safety would! Newer cars are built cheaper, with parts that will break easily and get old fast; they are low budget and light weight. The Corporate Average Fuel Economy (CAFE) regulations state that car manufacturers must maintain a certain average fuel economy over the gaggle of cars that they sell. Lighter parts mean a lighter car; and a lighter car means more miles per gallon. This means that in new cars, various plastics are being substituted for glass and metal pieces had been previously used in older cars. Headlights, frame pieces, etc. all made less efficient for the sake of gas mileage. This means that all newer cars are less durable, and less safe than old cars.  Another issue today is that many cars are built for comfort, not performance or lifespan. Although they soar while they last, they don’t last very long. The downfall to purchasing an older car would be that the owner has to accept that they will probably need to replace more parts, and put more time and attention into the care of their vehicle. They will get worse gas mileage as well; and, it may be harder if not impossible to sell again once they are done with it. Personal priorities are very important when purchasing a vehicle, and all of the opportunities and downfalls must be carefully observed.


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