My truck is 25 years old 139k miles and runs great. It will probably last another 80-100k and we just paid off my wife's car. We have no intention of taking on debt for a new vehicle unless it's necessary.
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I'm round 250k miles on my car (admittedly, not American so it's actually a bit over 400k km) and it's not even the most kilometers I've had on a car.
Buy something with an engine and transmission that are known to last that doesn't have known rust issues, take care of it, and it will take care of you. You of course seem to have realized it already.
People literally rather sink themselves in debt to the tune of tens of thousands of dollars every few years than try to learn how to take care of their own vehicle internals or invest in the tools required to do so, despite being more accessible than ever. Seriously, you can diagnose your car with your phone with the right adapter. That would have seemed like magic when I was growing up.
So happy mine are paid off.
t.b.f the reporting is more about whether these companies have hidden loans (including possibly loans that other lenders don't know about), which could have happened within railway companies just as easily as in car companies!
can we make city streets public transportation only and resort personal vehicles to the outer parts? Like we dont got trolleys going down our cities' broad streets/broadways these days, but lets get a shitton of busses goin up and down with no worry of joe in his civic.
I shopped around for like 3 months before I finally found a car in my budget, and it was 600 miles away