Gas is cheap in Malaysia at 205 sen/l.
So I get at worst 0.09 l/km or 18.45 sen/km in gas costs now, on 38.66 sen/km total cost of ownership and operation, excluding parking and toll, driving about 16,800 km/y. (Purchased 3,500 RM.)
The most efficient new cars get down to 0.036 l/km or 7.38 sen/km.
At current gas prices I would need to drive 180,000 km to make the gas savings earn back the cost of a magical second-hand 0.036 l/km car costing 20,000 RM, with 0 maintenance and insurance. At 410 sen/l I'd "only" need to do 90,000 km to earn 20,000 RM.
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While this ignores the environmental damage of operating an old car (carburettor!), it's quite a bit of math to figure out if this is worse than producing a new car, depending on the amortised years.
Also my old car has zero safety features, and would definitely maim or kill me if I got squashed between two trucks, for example. I'm nominally okay with that - but it's certainly not the lifestyle for everyone.
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