For example, consider the instruments. They run off of 5 volts, while the system voltage of the car is anywhere from 10-18 volts. How to get 5 volts? It has a sort of buzzer which is an electromagnet. When the voltage is above 5 volts, it breaks the circuit, when it is below 5 volts, it closes the circuit. It happens fast enough that the result is a rough 5 volts.
Many restorers of these cars decide to replace it with an electronic voltage regulator, that gives it a rock solid 5 volts.
Then they discover the instruments don't work.
It turns out that the (mechanical) instruments tend to get stuck. The roughness of the 5 volts keeps them from getting stuck. So now the the electronic voltage regulator needs another circuit added to make the 5 volts rough.
That little, simple voltage regulator hidden inside a can is a marvel of simplicity and effectiveness.