All this, and yet in many people's minds 100K is a magic number. That is, you can find a lot of good deals, people willing to sell at a low price once the odometer rolls over 100K, or any other magic number.
I'm not seeing that with my 1988 Mustang GT. (Although I love troubleshooting and repairing electrical problems much more than mechanical ones).quote:
the electrics make it prohibitive to repair
From what I heard Mexico, India, Thailand, and many other developing countries buy lots of unpopular old cars that still runs well from us. As the price drop to 500-1k, it doesn't make sense for people here to fix the tranny for 3k. But in the 3rd world, you probably can fix it for 100 (cheap labor) and sell it for 800.quote:
And you can't travel a major north-south highway nearing the border without seeing caravans of Mexicans driving & towing old cars to the Rio Grande. Day or night
My friend told me most of them came from Japan used after 10 years (the time you need to start those expensive inspections).quote:
I rarely see an American car when I'm in Thailand. (Usually a sports car or specialty vehicle, like a full sized van). I don't think old cars are going there routinely. (Cars are right-hand-drive there, too, which would not make American cars very popular.)