Comment on The average car purchased in 2023 emits higher levels of carbon dioxide (CO₂) than its 2013 equivalent. This is due to the large proportion of SUVs in the mix, which tend to be bigger and heavier.

• afraid_of_zombies@lemmy.world ⁨8⁩ ⁨months⁩ ago

  My Honda Civic was built in 2008 and it’s fine. My car before that was a Nissan Sentra and it lived 22 years. Drive them until they are piles of rust kept going by duct tape and raw anger, and try not to shed manly tears when they are crushed into a cube.

  I am sorry car, but this is a good death.

  source

  • AA5B@lemmy.world ⁨8⁩ ⁨months⁩ ago

    My 2006 Civic was a lemon. I had to replace it after only 10 years

    source

    • TheSanSabaSongbird@lemdro.id ⁨8⁩ ⁨months⁩ ago

      Only the lower end “economy” Hondas are super reliable. Honda’s higher-end models tend to use newer and less well-vetted engineering while the basic models all rely on older tried and true technology. I learned this the hard way with my 2006 Accord V6 which was a blast to drive, but like yours only lasted about 10 years before it started having serious and very expensive problems.

      source
• applejacks@lemmy.world ⁨8⁩ ⁨months⁩ ago

  that’s insane, I have a 2005 toyota corolla with zero interest in getting a new car.

  source
• icedterminal@lemmy.world ⁨8⁩ ⁨months⁩ ago

  Those that do loans are much more likely to have negativity equity when trading in. Which is already proven with those who have terms longer than 4 years. This means on trading in, the borrower is looking at an increased car payment on top of the already higher average transaction price of $35,000. If you put money down, default on the loan and lose the car, you’ve quite literally given away money.

  It’s true the average loan is 7 years, but within the last few years there are 10 year (!) loans are available. This helps bring down an $800 payment. But that interest is gonna suck if you don’t get a very low rate.

  Those that pay off their loans tend to keep their cars for 10 to 12 years. Assuming the car doesn’t catastrophically fail. Which anecdotally happened to our family. 1.6L Ford EcoBoost defect killed the engine 2 years after a 4 year loan was paid off.

  source

  • Jamie@jamie.moe ⁨8⁩ ⁨months⁩ ago

    Speaking anecdotally here, I wonder if the banks are trying to push those super long loans, too. I bought my car last year, have excellent credit, and put 50% down. The only loan I was offered was an 8 year loan when I wanted 4. Out of sheer spite, I took advantage of the early payoff and paid it off as early as possible to deprive them of as much interest as possible, and it was much faster than the 4 years I asked for.

    source

    • CosmicCleric@lemmy.world ⁨8⁩ ⁨months⁩ ago

      Out of sheer spite, I took advantage of the early payoff and paid it off as early as possible to deprive them of as much interest as possible

      As a general FYI for anyone who reads this comment, be aware that bank loans front load the payment of the interest, and the payment of the principal is done on the back end.

      So you have to pay off a loan very quickly to avoid the majority of the interest you would pay for that loan.

      Finally, if you pay extra to try to finish a loan off early, make sure any extra amount you pay is marked as “principal only”. Banks are supposed to always apply any extra to the principal, but a lot of times they apply the extra to the interest, unless you explicitly tell them not to.

      source

      • Jamie@jamie.moe ⁨8⁩ ⁨months⁩ ago

        In this case, I had a deal that had no penalties for early payoff, so in my case, paying off my car in 1/8 the time saved me 7 years of interest with no serious downside. Unless you count credit scores being BS and paying off loans early technically not being ideal credit management.

        source

        • -> View More Comments
• ironeagl@sh.itjust.works ⁨8⁩ ⁨months⁩ ago

  Not all cars are bought with loans though.

  source

  • eskimofry@lemmy.world ⁨8⁩ ⁨months⁩ ago

    Then those data points will have 0 for their loan years and it should bring dowm your average years.

    source

    • frezik@midwest.social ⁨8⁩ ⁨months⁩ ago

      Are those data points even included in the set?

      source
    • ironeagl@sh.itjust.works ⁨8⁩ ⁨months⁩ ago

      The opposite is also possible: those bought with loans are probably bought new, and would be expected to be held onto for longer. Older cars are cheaper and are probably bought more with cash. They probably also kick the bucket / are re-sold more quickly.

      source