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"Statistically" means just what it says, in the same way that 'statistically' a human being will be dead at age 80-81, more or less.
So for a modern car, around 175K--225K is a natural life span.
So if someone just loves the heck out of their vehicle, I'm all for them keeping it forever if they want to.
But there are times when people don't know the market at all, and don't know much about what things cost to repair, and for those people sometimes it is very good advice for them to bail out.
Unlike an old house, which might become an appreciating asset, most old used cars are depreciating assets and thus their value is based on their utility alone.
So compared to a 2026 electric car, an old miled-up Tesla with bad batteries might be a terrible investment.
I hope to enjoy a new car again one of these days - my last new one was purchased last century.
Your Ranger may or may not be on the road, because (god forbid) someone smashes into it, the insurance company is going to total it. Investing heavily in an old car with little market value is somewhat risky.
That would be my wife and her 1990 LS400. Some sill auto pundit wrote that year and model was one of the five best cars ever made. So she keeps it, even though we pay insurance etc and put less than 2000 miles a year on it. To me it is just wasted space in the garage.
Will EVs go the same way? Probably will. Though it seems electronics are starting to reach the point of diminishing returns. My last Dell laptop was over 10 years old and still worked fine, though very slow. My new HP screams by comparison. I need a fast computer more than a fast car.
So your aging EV will still motor around until it fries itself one day, and chances are you won't be doing an engine swap from a wrecking yard--not without a lot of help at any rate.
All said to agree that the Volt 7 second 0-60 is plenty. Who really can use a car with 3.5 second 0-60?
Though you know, you'd find excuses for cruising all over, since it's all "free".
That's about double the next most-shorted stock.