It is worth fixing a 20 year old car if the car is low enough mileage and the engine and transmission are in good shape.
If the 20 year old car needs another transmission or engine then it is usually not worth fixing unless it's a classic car.
The cost of the engine and or transmission would exceed the value of the car.
If it's simple repairs like an alternator, ignition module, spark plugs, starter, brakes etc then it could be worth it.
It is cheaper to keep an old car running than buying a new one if you can do most or all of the repairs yourself.
If you have to hire out the repair of the old car then it can get expensive and you would most often be better off buying a new car or another used car.
For example if your old car needs a new transmission or new engine then it would be cheaper to find another used car than it would be to source another engine and pay for the cost of installing the engine.
Some small repairs would make sense on keeping and old car running but larger repairs would be better off not repairing and getting another car.
The hardest thing to fix on a car are the engine and transmission, clutch and severe body damage.
On some cars the spark plugs can be hard to fix due to them being hard to reach.
The most expensive thing to fix on a car is the engine and transmission.
The air conditioning system is also expensive to fix by a qualified AC technician.
The cost of engine repair or replacement can range from $2,500.00 to $15,000.00 and the same is true for the transmission.
Older car parts are cheaper due to the simpler design and less advanced technology needed to make them.
Older car parts are also often readily available when they are in demand.
Most older cars are simpler to work on than newer cars and repair expenses can also be cheaper.
Many aftermarket parts which are cheaper to make are made for older cars without the need to buy more expensive OEM parts and for some older cars the OEM part may not even be made or available anymore.
Older car parts can also be often harder to find when it comes to parts for older cars.
If the car has been discontinued that also makes it harder to source parts for as when demand for the parts are low they may not be stocked in auto parts stores and may need to be ordered or made.
You can often find many older car parts and car parts for older cars and vehicles online such as through Amazon, RockAuto and even eBay.
The car parts that are hard to get are body parts, electrical parts, mechanical parts, doors, body panels and microchips.
Parts for older or discontinued models of cars can be hard to get and even parts for collector cars and classic cars can be hard to get.
Microchips and other electronic components have been in a shortage and are often on back order.
The cars that have the highest repair cost are Porsche, Land Rover, BMW and Jaguar.
RAM 2500-5500 and Ford F-250 and F550 Super Duty also have high repair costs.
The car manufacturer that has the cheapest replacement parts is Toyota.
Toyota's are one of the cheapest cars and vehicles to maintain and buy replacement parts for and are also very durable and reliable vehicles with efficient engines.
Honda also has some of the cheapest replacement parts and are also long lasting cars.
The richest car company is Tesla which is the most valuable car company in the world.
Tesla has a brand value of around $71.9 billion in 2024 and is based in Palo Alto, California.
Tesla has also seen steady growth in it's ranking among the world's most valuable car brands.
Tesla's revenue in 2023 was almost as much as $96.8 billion dollars and the Model Y Tesla was the best selling electric vehicle globally.
The car that is No 1 in the world is the Toyota Corolla which is the world's best selling car with 1.12 million sales in 2022.
The RAV4 is Toyota's second best selling car and the third best selling car is the Camry.
The most expensive No 1 car in the world is the Rolls-Royce.
The most sold electric car in the world is the Tesla Model Y which had over 1.15 million sales in 2023.
The Toyota Corolla is the second best selling car with over one million sales in 2023.
Other best selling vehicles are the Ford F-Series which sold 750,789 trucks in 2023.
The Toyota RAV4 which sold 868,309 vehicles in 2022.
The Tesla Model 3 is also a very popular car with over half million sales.
The Mazda MX-5 is the best selling convertible sports car of all time with over a million sales.
Other best cars which are also more expensive include.
Rolls-Royce Boat Tail. There is no other car as expensive as this one, costing over $28 million.
Bugatti La Voiture Noire.
Rolls Royce Sweptail.
Bugatti Centodieci.
Bugatti Chiron Super Sport 300+.
Mercedes-Maybach Exelero.
Lamborghini Veneno.
Lamborghini Sian FKP 37.