Quote:
Originally Posted by you&me
The problem nearly every buyer forgets when looking at used cars is that while the car depreciates, the parts and labour costs do not.
Whether you need to replace a part on a 6 month old, or 6 year old car, the part is the same, the cost of the part is the same and the cost of labour is the same. When the car is under warranty it's not as obvious (mostly because you're not paying for it) but it's something that a lot of consumers completely overlook...
For example, AFC's SL500 - That was a $130,000 car when it was new and the price for parts is commensurate to the price when new... So just because the value of the car is now ~1/5 of the new price, the same discount is not applied to parts and labour... You're still paying to service a $130k car.
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I don't know about that. Exotics or super luxury, sure. But not mass produced. As the vehicle ages, more used parts flood the market. More parts also hit the market in an economy of scale assuming the vehicle will be using a specific styling/design for a minimum time period. Increased exposure to the vehicle increases aftermarket parts. Labour prices may or may not change, but over time I would assume it gets easier for them to swap parts due to familiarity and time spent goes down.
Case in point. I have a 2019 Honda Odyssey. Long story short, impact, I need a new rear light casing. Not all of the light casings for the back have aftermarket parts yet. The one that does have an aftermarket part, the price difference is only around 15-20% difference. In a few years though, I'm expecting more of these available at a pick & pull and the price difference for aftermarket to probably double.