Joe Pinsker
speaker
1,247 appearances
30 recordings
1 series
first heard Oct 2022
last heard Jan 2025
Joe Pinsker’s voice in public audio — every appearance, attributed to the second.
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Appearances
Power does a study every year of how many problems arise for the owners of new cars within the first three years.
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The two makes that came out on top this year were Toyota and Lexus.
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And a notable trend also this year is that electric vehicles had some of the highest rates of problems reported.
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That study only looked at the first three years of ownership, but it ends up being maybe a proxy for what a car will be like over its whole lifetime.
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One nuisance for the owners of newer cars is that oftentimes a repair that you think would be pretty simple can actually end up costing a ton at the mechanic if it ends up sort of affecting some sensor or some screen, some bit of technology.
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And throughout the 2010s, automakers were adding a lot more technology to the cars, which had this sort of side effect of these really big bills occasionally for people.
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And cars that were made before that era, repairs are often simpler and quicker and cheaper.
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I spoke to one analyst who said that a common decision point is when somebody gets news that their car needs a repair, that's going to cost 10% or more than what they'll pay to walk out the door with their next one.
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And this is really going to come down to a bunch of specifics of your own scenario, but he was also saying that
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people tend to underrate the value of going through with a big repair.
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Maybe it means you'll be able to keep your car for a bit longer, hold out for maybe a better deal if something comes along in the next couple months at a dealership.
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But it also could mean that you'll be able to resell it for more.
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Just because a car has a rebuilt engine or new transmission doesn't mean it's worthless.
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There are all sorts of numbers and variables that you might try to put into this to figure out when to keep your car, but some of it ends up just being kind of intuitive.
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If there's a breakdown of trust in your car, that can be a sign that it's time to get rid of it.
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My best advice after working on this story is to just find a good, trustworthy mechanic who's gonna be honest about how much something costs now and what problems are on the horizon.
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There was a way in which they could cut back some of their professional responsibilities, some of the stress of their jobs, some of being on call at all hours, and instead getting more free time, more time with their family, and really saying that they were happier because of it.
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Many people take a pay cut involuntarily, sometimes because they were laid off or because their employer puts it on them.
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But there are a number of people who decide to take a pay cut by switching to a different type of job.
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And it's often because they're looking to optimize for other things like work-life balance or time with their family.
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Showing 481–500 of 1,247 · page 25 of 63
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