Re:The Global Cost of Corrosion
by s1artibartfast on Thursday July 28, 2022 @02:00PM
(#32268001)
But it isn't the insurance that defines the price,it is the sales market. It doesn't matter if insurance says it is worth 20k if people will only pay 2k
The fact that insurances value a car of 35k€ at, I’m guessing, 25k€ at the exit of the garage, then 18, 12, 7, 4, 2k€ the following years, means that people see no value in used cars.
Whereas the real value of a car is certainly 25, 24, 23, 22, 21, 20k€ along the years, and when one recycles it, it’s actually a huge new cost for the household, for a car that could last 20 years. It breaks after 7 years? “Yeah buying a differential costs more than the entire price of the car, sir.”