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Re:A glut has used-car depreciation accelerating by donatj on Wednesday August 23, 2017 @01:24AM (#15078723)
Why is it worth 10k? Do you get in a lot of accidents? I genuinely would not want any of those things, I don't want my car making decisions for me, I'm smarter than it. On top of that it's just junk to break you can't fix.

I have never been in an accident.

I drive a pickup I paid sub $1000 for. Been driving it for three years no issues. That $10k could buy me ten trucks.

Would I take it on a trip? No, I rent a car for less than a car payment.

In my opinion buying new vehicles is a foolish waste of money I could be spending on something else.

Re:A glut has used-car depreciation accelerating by vasco on Wednesday August 23, 2017 @02:44AM (#15079078)
"I have never been in an accident"

Much less a serious accident where important safety features make a difference is one of those things you won't generally hear the reverse being said since, you know, you'd be dead.

Re:A glut has used-car depreciation accelerating by paganel on Wednesday August 23, 2017 @09:50AM (#15081506)
> In my opinion buying new vehicles is a foolish waste of money I could be spending on something else.

Don't tell them that, otherwise us people who only buy SH cars will have nothing to purchase in 5 or 10 years.

Re:A glut has used-car depreciation accelerating by letsgetphysITal on Wednesday August 23, 2017 @08:07AM (#15080758)
> I have never been in an accident.

Gambler's Fallacy. Prior incidence has no effect on future occurrence.

A lot of the new safety features are for low-speed collision protection, automatically sounding horn and applying breaks when your car gets close to another, say in traffic. Unless you go top-range you generally won't get actual driving automation. Other than that it's just convenience; Climate control instead of air con, reversing sensors and camera instead of (as well as) mirrors and turning your head around etc.

Re:A glut has used-car depreciation accelerating by oasisbob on Wednesday August 23, 2017 @10:05AM (#15081618)
Instead of barking the names of logical fallacies at people, perhaps consider why the auto insurance industry employs scores of actuaries and takes driver history into account so heavily.
Re:A glut has used-car depreciation accelerating by bluGill on Wednesday August 23, 2017 @12:20PM (#15082773)
It is still a fallacy. Insurance companies don't look at someone who is 40 with no accidents and insure them for free because even the lowest risk drivers get into accidents sometimes.
Re:A glut has used-car depreciation accelerating by mikestew on Wednesday August 23, 2017 @02:11PM (#15083733)
Gambler's Fallacy. Prior incidence has no effect on future occurrence.

We’re not gambling, we’re driving cars. And the fact that the current F1 champion has won some races means that he is more likely to win the next one than I am. And the fact that I have a lower-than-average rate of driving collisions means that I have a lower-than-average chance of having a collision in the future. If you doubt me, ask an insurance actuary.

Re:A glut has used-car depreciation accelerating by mateo411 on Wednesday August 23, 2017 @04:04PM (#15084578)
The Gambler's fallacy doesn't take independence from different trials into account.

However, since it's the same driver for each of the "trials" then the Gambler's fallacy doesn't really apply.

Re:A glut has used-car depreciation accelerating by glogla on Wednesday August 23, 2017 @03:15AM (#15079266)
> That $10k could buy me ten trucks.

It's kind of hard to drive them at the same time, though.

Re:A glut has used-car depreciation accelerating by billysielu on Wednesday August 23, 2017 @05:33AM (#15079916)
You could invest that $10k and the profit would yield infinite trucks.
Re:A glut has used-car depreciation accelerating by stephengillie on Wednesday August 23, 2017 @10:06PM (#15087074)
What is the limit of the interest rate as we approach infinite trucks?