Comment Re:Rent a Tesla for $1 (Score 1) 335
Buying used cars is a much better financial proposition in most (but not all) cases and it's only the cachet of having a new car that keeps people going into the showrooms.
Well, not really only that. It's a balance. If less people would give value to being the first owner, then either price of new cars would drop (but I don't think there's much margin for it to drop), or price of used cars would go up to match the higher demand.
No doubt the average lifespan of a car would also go up, so there would be a temporary (might last up to a decade if everything else stayed the same, but still temporary) lump in the sales of new cars. Still, after a time these now more popular used cars would be so old that maintaining them would no longer be economically sensible, and sales of new cars would pick up again to replace those.
Also, new cars might not be as tough or as cheap to maintain as the existing old cars (because old crap gets scrapped, there's selection...), but they certainly are better in many ways: quieter, more economical, more silent, safer, better equipped even with the entry level model, etc.