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- Hacker News
- In the course of my work I deal with organizations who sell cars out of impound lots. There is a whole capitalistic recycling industry of buying junked cars and reassembling them into functioning vehicles again.
Interestingly, a fair portion of junked cars get shipped overseas where the labor is very, very low cost and high tech, cheap labor chop shops in places like India or in some countries in Africa will have highly skilled workers basically cut out crumple zones and restore completely totaled vehicles into new looking cars and turn around and sell them. This would never be viable here in the States because of the labor cost, but when you are paying someone $1 USD a day to do highly skilled and technical labor like this it becomes very viable.
Another popular tactic where I live in Texas is to steal a car and drive it south of the border and strip it. Then buy a junked car same make and model with a clean VIN. Then ship that clean VIN second car south of the border as well and rebuild it with the stolen parts and ship it back over for resale.
by SOLAR_FIELDS - Growing up, my Dad would buy cars from bulletin board ads where he worked at NASA. I was third of six kids and we had a fleet of as many as six cars at a time at our house. Oil changes were unnecessary, but adding oil every tank of gas was common.
I'm driving a 2005 Toyota Matrix with 230K miles that I bought new in 2004. It's just recently needed oil added before an oil change is due.
by memcg - Interesting. I'm far from poor, but that's pretty much exactly how I buy cars, and I have never regretted it. The couple of times that I bought more expensive cars, I've regretted it. The only time I'd take out a loan to buy a car is in an emergency situation. That's happened once, and is one of the purchases I regretted.
The car I currently drive is a 2007 economy model I purchased for $2,000 with ~150,000 miles on it. I've had it for almost 10 years now, and it remains solid and reliable. I am meticulous about regular maintenance, though.
by JohnFen - I drive an 04 Civic I got from a coworker for $2000 seven years ago. One door handle is missing, the trunk leaks a bit when it rains, some of the ceiling fabric is starting to droop, the clear coat is mostly peeled off, first gear requires some finesse, and if you roll down one of the windows too far, it's going to take two people and 45 minutes to get it back up.
But it drives, requires only the usual regular maintenance, and isn't tracking me. I'm going to drive it until it turns to dust beneath me (or more likely, like the article says, when repairs get more costly than what it's worth).
by abound - I have never owned a vehicle newer than 20 years old, I have just never seen the point of doing so. The financial math just never worked out.
With that said, I have always done my research and managed to obtain vehicles which, after maybe some high-importance fixes in the beginning, managed to last another 5-20 years without any other major work done to them.
Hell, aside from oil changes and minor fixes that I did entirely by myself, I got my last car for nearly free and it lasted me a good decade before some idiot with a jacked-up pickup - he couldn’t even see me behind him - backed into me even though I was laying on the horn like crazy.
Besides, anything prior to 2006 is going to be much easier to fix, does not have DRM, and will not spy on you unless it comes with OnStar.
Honestly, the biggest pain point these days is the lack of a true manual clutch, with the full three pedals on the floor. These vehicles are becoming distressingly rare.
by rekabis - My wife was from Reno, I was from NY. The week before we got married (in 1996) we were out there and her sister lent us a 1979 F150 at about 2O0k miles —- 3-on-the-tree, no air, AM radio, lap belts. The passenger door would fly open on left turns unless it was locked. I nearly lost my brother when I picked him up at the airport and forgot to warn him.
Maybe cause I was about to get married but I loved that truck.
by JackFr - There's an incredible amount of value in simply not worrying if your car will run when you need it to. Cortisol is one hell of a drug.
In many cases it might be better for someone to go deeper into debt on the car if it means they will be able to focus and perform better at work. It might even be worth engaging with less scrupulous financiers. Stability in transportation unlocks a lot of opportunities.
by bob1029 - Before getting a job in software, I used to buy cars from insurance auctions. Plenty of cars that run and drive end up there for various reason and if you were patient, you could get running and driving cars for $1000 or less (This was 7+ years ago). The catch is that you don't know what you're getting. You either have to have be mechanically inclined or know somebody who is to walk the lot and check the cars out before you bid.
Case and point, I bought a car that was fine when we inspected it, but when they picked it up with the forklift they knocked a hole in the oil pan, and we had to get it towed. $100 for a new oil pan (for the wrong year lol) and I got many years out of it.
by nbf_1995