

Chevrolet Volt  (Source: Brandon Hill, DailyTech)

Cadillac Provoq  (Source: Brandon Hill, DailyTech)

  (Source: Brandon Hill, DailyTech)
GM uses CES to display its highly computerized automobiles















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RE: Props to GM
By Spivonious on 1/10/2008 9:11:42 AM , Rating: 2
Wow, I guess the general populus is different than the one in my area. Personally, I agree with what everyone said. I have no intention of selling my car until it breaks down and costs more to fix than it's worth. 15k miles a year for 10 years is 150k miles. I'm pretty sure by then my car will be worth about $1500 so if it needs any work over new brake pads it's getting replaced.

But looking around, it's hard to find a car on the streets that's more than 10 years old. And a lot of the more upper middle class people I know lease their cars (what a waste of money that is!).

And all those people you listed make up most of the population :P

RE: Props to GM
By DoeBoy on 1/10/2008 11:40:46 AM , Rating: 2
I dont know where you guys live but here in
Chapel Hill, NC there are more older cars than u would believe. I drive a 87 volvo 740 with 104k miles on it and i got it for 1500 with 90000. it needed some general maintenance like belt changes, water pump etc. but it is very reliable with the maintenance done. Tons of volvo's, mercedes, etc. in this town older than 10 years. Hey you wanna go green why not buy a good used car instead of buying a new car. I have seen these old volvo b230's go for over 250k miles with no major work. Maybe we just need to start realizing that cars can run up to and beyond 200k miles. I dont think a car is worth a damn unless it can do that.

RE: Props to GM
By Spuke on 1/10/2008 12:37:00 PM , Rating: 2
Actually it's not if you never plan to buy the car. If you just want to drive a new car every three years, you'll spend WAY less money (even with over mileage penalties) then buying a car conventionally. A lot of people swap cars every 3-5 years and for them a lease would be best way to save their money.

The argument I hear from everyone against leasing is that you don't own the car. Well guess what? You don't own the car until you pay the loan off and you have the title in your name. Until that happens, the bank owns your car.

IMO, if you are GOING to own the car past the life of the loan then don't lease. If you're going to sell or trade in the car as soon as the loan is paid or before it's paid get a lease.

