There is something inherently appealing about buying an older car. If you’re willing to forgo the glam and glitz – and importantly, the warranty – of a new car it’s amazing the deals that you can get. A Volkswagen Phaeton is basically a Bentley underneath, and you can get a decent example for only $8,000 today, for example. Of course, in doing so you’re taking some risks – older cars are a great deal up front, but you’re buying something that has been used – so of course, there will be some issues. Or, in the case of really complicated cars, a lot of issues. For example, I can’t imagine what the used car market on the brand new S-Class cars is going to be in a few decades. They are going to be close to throw away cars because no one is going to be stupid enough to want to fix all of the massively complicated electronics on them as an independent and no one will be able to afford having the dealer fix them up. Back up a few decades, of course, and cars weren’t nearly as complicated so it’s at least easier on the surface to contemplate what was a cutting edge car with a lot of miles; in 1988, it didn’t get much more cutting edge or appealing than the BMW M5:
