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 Topic: is it an earlier end to caravanning?
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16/11/2020 at 3:11pm
Location: East Herts
Outfit: 1992 Elddis Wisp 450CT + X Trail
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Quote: Originally posted by billy on 16/11/2020
Electric car batteries are warrantied for 8yrs or 100k miles. So one can decide on that basis. Do you scrap the car after 8yrs or do you replace them & run the car for a total of 16yrs or more? Tbf a modern fossil fuel car is a dodgy buy at 6yrs old or more due to cost of possible repair bills.
While many of us lucky enough to be born baby boomers have money in the bank to buy their cars most new cars are put on the road with leasing deals & I would guess that is the future of car use so not quite as simple as just looking at possible residual values. I would guess we are heading towards whole life monitoring of the car including the scrapping & recycling at end of life. The financial institutions will buy the cars & increasingly the drivers will rent them.
8 years would be no good to me. I'm a baby-boomer, but not a wealthy one, so my cars tend to be 10 - 12 years old before I buy them. The one I have now is nearly 13 years old, and I hope to have it a good few years yet. A Volvo I sold 2 years ago is apparently still going strong at 21 years old, so hopefully my current car will do the same. My maximum budget for a car is probably no more than half the cost of a set of batteries for an EV. Cars today are very different to those from the 1960s. I would agree that those were probably a bit of a "dodgy buy" at 6 years old, but today's cars last a lot longer. The bodywork on my current car at nearly 13 years is probably better than a 3 year old 1960s car would have been. During my days working in a garage in the late 1960s I saw brand new cars that had more rust on them than my car has now.
My Volvo had 186,000 miles on it and it was running like a watch when I sold it, and my current one has 118,000. A 1960s car with 80,000 miles on was probably clapped out and burning as much oil as petrol (I had one like that), but 200,000 miles today is far from uncommon.
When I was looking for my current car which I bought just over a year ago, I found that the cost of older diesel cars was rising, which suggests to me that more people are hanging on to their older cars for longer. I can still remember the days when you could pick up a quite driveable older car for £100, and I've had a few, but not any more! Anything driveable today is worth thousands, and several thousands in reasonable condition.
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Best Regards,
Colin
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via mobile 15/11/2020 at 10:13am
