super durable vehicles

[preoccupied]

I propose that an automobile can last a thousand years without much repair IF it has more space to contain its parts. If an automobile of a larger variety that will take on a lighter load than a usual vehicle of its size, perhaps it will withstand great use over a long period of time with no major repairs needed. I think if that can be then a 100 year mortgage could be introduced to pay for these vehicles and auto companies could opportunistically sell these vehicles for hundreds of thousands of dollars like a house would. The 100 year mortgage could have a super low interest rate because it is for a duration of 100 years and it should be expected that interest would compound, so to be fair the interest rate would be very low. For 100 year loans, $200,000 should not be paid back in $10,000,000 but rather maybe $500,000 to $700,000. Any thoughts on this?

[daanopperman]

Hi ,

I think it unlikely that a institution would grant a 1000 year loan to a entity that only lives for a working life of 50 or 60 years . Who would pay for a inherited auto that is 200 years out of fashion .

[preoccupied]

daanopperman,

I think the first obstacle is regulating the financing and the second obstacle would be making the car desirable to the consumer in the long run.

When regulating the financing a new owner would have to inherit the old debt regardless of the old owner is deceased, that way a thousand or ten thousand year loan or even a million year loan (OMG) would eventually be paid back under this kind of law. OR it could be a vehicle under a permanent mortgage of an infinite amount. The benefit of an infinite mortgage is getting an upgrade later on which might help with the second obstacle of making the product desirable to the consumer.

To make the product desirable to the consumer it should have special legal protection guaranteeing its continued use. If the vehicle runs on gasoline, it should always be allowed to be used even when gasoline might eventually be outlawed. If the vehicle is bound to the ground and in the future vehicles are supposed to fly, the vehicle would always be allowed to be used even though future vehicles may only fly. Owning a ground hog in the future might be very classy and exclusive privilege reserved just for those with these older vehicles that have this special privilege. There should be large open space in which there could be upgrades and a well organized engine that is easy to modify or repair. The vehicle itself should require almost no repairs ever, at least not for thousands of years, based on the original notion of this concept car that is being super durable vehicle.

If there is an infinite mortgage and it is for $100 a month and the original price of the super durable vehicle was $500,000 then if the vehicle is sold, there is no loan to pay off, the vehicle would just bring its debt with it to the new owner. This would be great incentive to a buyer and seller who would get a rich profit from flipping the vehicle. Example is, original permanent mortgage on the vehicle is $100 a month but second one is $150 a month to purchase vehicle is and final cost to second owner is $250 a month to pay both permanent mortgages. If there is a permanent mortgage then upgrading the vehicle could be allowed by getting additional financing for free, because the mortgage is legally permanent. So if the person has make years of payments then a free upgrade of $100,000 could be made with only a small increase in their monthly permanent mortgage payment or no increase in payment possible, if the mortgage feels it imperative to upgrade in order to keep the vehicles value. A vehicle meant to last a thousand years and has all kinds of legal protections and financing for upgrades at minimal expense to the owner would be appealing to the consumer and therefore has promise for sales. An auto company that can produce massive amounts of cars to the general population and not just the wealthy population and sell them for hundreds of thousands of dollars will make huge profits and it would revitalize the auto industry worldwide!!!!!

What do you think now daanopperman?

[daxwc]

Preoccupied people now change just for the sake of change. It is the west’s entitled right to have constant change in our throw away society.

[daanopperman]

Hi preoccupied ,

The whole auto industry will cease to function in a very short time . Anything built to well is not good for economics , like RR , only rescued because of prestige , where it can be manufactured on the sideline for a few rich geeks .

[preoccupied]

The auto industry might not make new cars each year for the same consumers but they would make updates or upgrades to those cars. It's practical that a three hundred year mortgage might cost less than $100 a month on $200,000, is that right? If the interest rate is low enough. An upgrade might cost $50,000 and be a measly $25 added to the mortgage payment. A consumer would cherish their vehicle if it has such great value to it. An auto company would make enormous profits compared to its usual throw away cars, if this extended financing system works with its super durable vehicles longevity. A consumer who sells the vehicle could get a really good deal on the equity put into the vehicle, like any house would because demand would rise and fall for certain models, AND I think these kinds of vehicles won't depreciate once they are driven off of the lot. Think about that. Also the margin of profit for the auto companies will be way greater, and the reason I think they would not lose sales is because of consistently useful or popular by demand upgrades or updates that would resell to the same consumers later.