I just don' get it.......

I visited a large wrecking yard in western Sydney a few days ago.
 
After a few minutes of walking around rows and rows of dead cars it dawned on me that most of the cars there were much better than the old cars I own and struggle to keep running.
 
One car in particular drew my attention was an FG Falcon XR6 probably only 6 or so years old in the gorgeous light metallic blue colour. I walked around it wondering what on earth it was doing there. Not a mark on the paint which was glistening in the early morning sun. Finally realised the drivers front guard had a slight dint on it which could have been easily been removed and repaired in a few hours. There was no apparent structural damage. Even the air bags had not gone off.
 
On the windscreen was a large notice saying this car was a statuary write off in NSW and all states of Australia.
 
I can't get my head around why such a car was considered a write off, and of no value except in parts......
And why old car enthusiasts spend thousands of dollars and thousands of hours on the old cars struggling to keep them going.
 
Seems weird that the newer (and better) cars retain very little dollar value after only a few years.
 
I just don't get it......
 
 
 

I thought I read somewhere that if the car has any suspension damage at all then it is game over for the whole car.

waterdamage?

"save your bucks for the big "melt-down" which is coming who knows when"
 
Interesting you are feeling the same way too.
I am studying the Commonwealth of Australia Constitution Act 1901. Interesting to learn about how many laws we all abide by every day which are in fact unlawful, and consider how the country is held together under a very thin veil of smoke and mirrors. We are not as safe and secure as we are taught to believe.
 

(deep and meaningfulls on CF?)
 
If you are holding onto your cash for 'the big meltdown" then how exactly do you do it?
We've never had lower interest rates ( and my first mortgage went through 18-20% interest rates), so my money in the bank is earning nothing. Super  regulations are being played with daily, and negative gearing (rightly) is being looked at.
Getting further OT, interesting times in the US make me hestitant to look at stockmarket, so ideas ???

"most local bi-laws are unconstitutional"
 
Interesting you have mentioned that.
The Commonwealth of Australia Constitution Act 1901 clearly does not recognize local councils as being a third tier of government.
 
The Constitution clearly states that only the federal government has the power to raise taxes, with a few exceptions for state taxes. 
 
So clearly your local council cannot charge rates and taxes on your privately owned land, because it is not a federal government. In fact your local council is a corporation because it has an ABN. (please check your council rates notice). Governments do not have an ABN.
 
My local council appears unable to answer my short letters I have been sending them since May 2016 asking them to please provide in printed form (ie a letter) the exact law, the exact act and the exact section that states the payment of taxes on privately owned land is mandatory by the Commonwealth of Australia Constitution Act 1901.
They reply side stepping my questions and choose to send threatening and intimidating letters threatening legal action.
 
The Commonwealth Attorney-General  for Australia side steps my short letters with indirect answers despite me asking for a simple "yes" or "no" answer to my very simple questions.
 
Other government departments appear unable to reply despite my continual follow up letters.
 
The entire NSW Local Government Act (1993) is unlawful since it has not received royal assent, and because the Commonwealth of Australia Constitution Act 1901 does not recognize this "law".
 
Also a number of state owned corporations are trading/operating unlawfully.
 
We are being duped.
 

Leasing cars is very popular in the USA too. I was in L.A 6 weeks ago around West Hollywood and the number of luxury sports cars was impressive. There was a billboard for the new Chrysler, MSRP $80K USD. You could have this for a $2K up front and $500 a month lease plan.
 
I don't think it's all negative. It's great that Porsches, Ferraris, Lambos, Bentleys, Beamers, oh and the ridiculous amount of Teslas, are within reach of many rather than just the dirty rotten filthy stinking rich.

"Car leasing is a bit of a con..."
 
I was brought up the old way, "If you can't afford to pay cash for it, you can't afford it."
 
I was also brought up to believe, "If you can't buy a Dodge, dodge a Ford." (I seem to have ignored that one.)