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Comment by daurnimator | Hacker News Reader

> A big chunk of the vehicle's depreciation is a result of years rather than miles

Ehhhh, I'd say that it's not that skewed towards age of the vechile beyond common correlations:

  - usually more years = more miles
  - cars < 5 years are usually in warranty and fetch a premium

> insurance doesn't generally track how many miles you drive and charge extra if you drive more

Mine does: in 5000km increments. (Australia)

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> Ehhhh, I'd say that it's not that skewed towards age of the vechile beyond common correlations

But the warranty period is a huge amount of value, and there are others, e.g. newer cars are safer and have whatever other improvements so older cars aren't worth as much regardless of milage. Then many repairs are age related rather than mileage related, e.g. a car exposed to the elements will rust or experience day/night thermal stress even if you don't drive it.

> Mine does: in 5000km increments. (Australia)

Let me rephrase this. The insurance cost does not scale linearly with miles driven.

"Mine does: in 5000km increments. (Australia)"

Insurance has interesting edge cases, like 3rd party can be more expensive than comprehensive, as risky drivers go for the former.

I've had insurance before, where putting in a higher mileage lowers the premium. I assume there's a lower bound where you start getting into Sunday driver territory where risks start increasing?

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