> as soon as you finish paying it off, it's basically EOL
The average age of a car on the road in the US today is now more than 11 years. The average new car loan is just less than 6 years. Beyond that, it's all just a different set of trade-offs. Aside from living somewhere truly dense with fantastic public transit and only going places reachable by said transit, owning a car means less time spent on transportation, and infinitely more flexibility on where you go. Lots of people prefer the lifestyle. Even in Europe cars remain quite popular.
The cost of ownership goes WAY up immediately after the warranty expires. I owned one car. A Ford I purchased brand new. I have no more desire to ever own a car. That experience taught me all I ever needed to know about cars. They are an endless money pit. Everyone I know who drives is poorer for it.
>owning a car means less time spent on transportation
See, that's how drivers think. "I need to spend less time in transportation", because it's miserable for them. You don't even consciously think about it, but subconsciously, you hate being in that car. I like riding the train. It's fun. Even the old Amtrak trains are fun to ride. I can enjoy a beer if I want. There's one cute conductor who flirts with me. I'm not getting any of that in a car.
>Lots of people prefer the lifestyle.
How many "prefer" it because they have never tried any other way. Sitting there alone, rage listening to talk radio in gridlock. No thanks. Cars are antisocial. Been there, done that, I don't care for it.
I hear the cope though, about how cars are "freedom" and can "go anywhere," but when you don't have a car for a while, you begin to realize how cars are the opposite of freedom. Cars are an anchor. Everywhere you go, you have to worry about where to put the car. You can't get too far away from the car. If you have to feed a parking meter, you can barely get a block away from the car. Can't even finish the movie, let's go back to the parking meter. You always have to go back to the car, you can't just continue on your journey and leave it behind. That's not an option. Go back to the car.
Once you have no need for a car, only then do you realize what a slave you were to the car.
The average age of a car on the road in the US today is now more than 11 years. The average new car loan is just less than 6 years. Beyond that, it's all just a different set of trade-offs. Aside from living somewhere truly dense with fantastic public transit and only going places reachable by said transit, owning a car means less time spent on transportation, and infinitely more flexibility on where you go. Lots of people prefer the lifestyle. Even in Europe cars remain quite popular.