You would think that with all the advances in technology we have seen in the auto sector over recent years, people would only ever buy new cars. After all, they have all the gizmos and gadgets you can imagine. And some of the darn things pretty much drive themselves.\u00a0<\/span><\/p>\n

It turns out, though, that there\u2019s more to life than sheer convenience. Cars aren\u2019t just utilitarian objects that we use to get around town. There\u2019s also something very special and unique about them. It\u2019s as if we cherish them like some sort of cuddly toy or family heirloom. They have a habit of taking on a life and importance of their own.\u00a0<\/span><\/p>\n

Finding <\/span>second hand auto parts<\/span><\/a> for them when they break down can sometimes be a challenge. But all things in life that we really care about are often a labor of love. We don\u2019t do them because we have to – we do them because we want to.\u00a0<\/span><\/p>\n

So with that said, why <\/span>do <\/span><\/i>we love old cars so much?\u00a0<\/span><\/p>\n

The Character<\/b><\/p>\n

Pexels – CC0 License<\/span><\/a><\/p>\n

Take a look at a modern showroom and practically all the cars inside look the same. Yes – some companies like BMW and Audi have done a good job with the styling. But, for the most part, models look like carbon copies of each other. They have that distinctive, modern \u201cbubble-like\u201d appearance, and it\u2019s boring.\u00a0<\/span>Classic car<\/span><\/a>, however, don\u2019t have this issue. In the past, auto companies didn\u2019t have to satisfy a bunch of health and safety regulations, and so the shape of the vehicle could be whatever they thought looked good. Of course, back then, they didn\u2019t have computers or CAD software, so the angles on the vehicles were simpler. But even so, they came up with some good concepts, many of which have gone down in history.\u00a0<\/span><\/p>\n

The Uniqueness<\/b><\/p>\n

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Pexels – CC0 License<\/span><\/a><\/p>\n

When you drive around an old car, you also make yourself unique. Most vehicles stay on the road for about twenty years before they hit the scrapheap. Having them hang around for longer than that is usually uneconomical to the extreme.\u00a0<\/span><\/p>\n

But that\u2019s precisely why they are so unique. Back in the 1980s, there were literally thousands of Ford Cosworths tearing around the nation\u2019s streets and highways. Now there are only a few hundred.\u00a0<\/span><\/p>\n

The Depreciation<\/b><\/p>\n

When you buy a new car, the <\/span>depreciation is terribl<\/span><\/a>e. The value of the vehicle can fall by fifty percent over the first three years, losing you thousands of dollars.\u00a0<\/span><\/p>\n

That rate of wealth destruction, however, doesn\u2019t continue for long. When you buy an old car, most of the absolute value of the depreciation has already happened.\u00a0<\/span><\/p>\n

For instance, let\u2019s say you splurge $500 on an old Buick and it loses 50 percent of its value over the following three years. In that case, you\u2019ve only lost $250 on the capital. If you buy a brand new Buick for $50k and it depreciates at the same rate, you\u2019ve just lost $25k. Ouch!<\/span><\/p>\n

We <\/span>love old, used cars<\/span><\/a>. And we should continue to love them. Often, they offer us so much more than their modern rivals.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

You would think that with all the advances in technology we have seen in the auto sector over recent years, people would only ever buy new cars. After all, they have all the gizmos and gadgets you can imagine. And… Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":3043,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"\n