Flipping over cars

Value Collector said:

Yeah, and then by the time the car is no longer "Good" enough to impress her friends and she wants to buy a new one, She has no savings for a new one because she has been making payments on the old one.

Hence most people live their life making car payments.

I find they concept in the video below brilliant, ( I know it doesn't factor in taxes and the interest rate used is probably too high, But the concept itself is a great way to set yourself up.

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Does anyone recall the above video? I remembered watching it, but can't remember the name or anything, and now the link is dead

Trying to look for a substitute one, either on youtube or somewhere else, but just can't remember any key words.

sptrawler said:

He thinks the 'good old days' are just around the corner, I try not to hurt his feelings. But tell him that the days of repairing radiators are fast coming to an end.

With todays anti corrosion additives, the car is stuffed and worthless before the radiator fails.

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Same with most aspects of vehicle repair. There used to be plenty of workshops doing standard (not modified) engine rebuilds and supplying reconditioned engines for installation in standard vehicles. These days, it's really only the modified / performance market that still exists, for any standard unmodified vehicle the engine and most components last the life of the car. By the time the engine does die, the rest of the car is worn out and pretty much worthless so there's no point putting a new motor in.

Slowly but surely, cars are becoming an appliance like anything else. Unless you're an enthusiast not driven by economic considerations, it's just not worth major repairs on an older vehicle for the average person who just wants to get from A to B.

My car is 15 years old and I'd be quite happy to keep driving it for another decade or more. Interior is in like new condition, mechanicals seem fine, exterior paintwork shows its' age on the bonnet but isn't too shabby overall. But I'm well aware that even a modest accident would see it written off as uneconomic to repair these days.

Tyler Durden said:

Does anyone recall the above video? I remembered watching it, but can't remember the name or anything, and now the link is dead

Trying to look for a substitute one, either on youtube or somewhere else, but just can't remember any key words.

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I think it was this one Tyler?

https://www.youtube.com/watch?v=BKyV8CTHeJ0

Newt said:

I think it was this one Tyler?

https://www.youtube.com/watch?v=BKyV8CTHeJ0

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Thanks Newt! The video was different but the concept was the same. Brilliant!