Man you Americans, here I am with me 20 year old Mini and it works great I think it’s only valued at about 2k
The average car in the US is 12.8 years old. The used car market has adjusted to the fact that many of them go for 20 years/200K miles.
> 20 year old Mini
> it works great
I have a feeling that you can and do work on it, because maintenance otherwise would easily be triple the market price of that car yearly. That significantly changes the economics of old cars.
Agreed. You can buy a lot of gas for the price difference between an old economy ICE car and an EV. Plus cheaper insurance and in many places, cheaper registration fees.