Alot of people lose $9000 when they drive their brand new car off of the dealer lot.
OTOH, an 11 year old car isn't going to run like new. But, with 'modern' technology, labor costs are way up!
In old days, 10 year old cars were junked because of rust. Now a 10 year old car is junked because, even tho it's not rusty, labor costs to repair are too high.
