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Are Cars Getting Too Old?


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We don't have the rust problem here in Houston. I disagree with the don't spend more than a car is "Worth" theory. We judge our car's worth by what some stranger will say it's worth? What is transportation worth to you! If a car has been maintained and kept clean it's worth fixing in most cases unless you just want to replace it. How much is the replacement cost? How much is Full coverage insurance? I look at it like as long as my paid off vehicle costs' less that $6k per year to maintain, i keep it. I average about $2-3k per year on up keep. The average new car cost $30k. Pay cash if you can. If on a 3 year note(so you won't be upside down) you will have approx. $1k per month payments. On a $60k car $2k per month. I have a '99 Acura TL that would cost $42K for a new TL and '98 dodge truck that would cost $33k for a new one. That buy's alot of gas and repairs .The Lone Ranger didn't trade in Silver. Unless the car is damaged and deemed unsafe it's cheaper to keep her.

 

 

A month after you buy the "NEW CAR" and if you had to sell it you will be offered thousand's $$ less than you paid for your now "USED CAR".

 

B)

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  • Have you checked out Joe's Latest Blog?

         5 comments
      I recently spoke with a friend of mine who owns a large general repair shop in the Midwest. His father founded the business in 1975. He was telling me that although he’s busy, he’s also very frustrated. When I probed him more about his frustrations, he said that it’s hard to find qualified technicians. My friend employs four technicians and is looking to hire two more. I then asked him, “How long does a technician last working for you.” He looked puzzled and replied, “I never really thought about that, but I can tell that except for one tech, most technicians don’t last working for me longer than a few years.”
      Judging from personal experience as a shop owner and from what I know about the auto repair industry, I can tell you that other than a few exceptions, the turnover rate for technicians in our industry is too high. This makes me think, do we have a technician shortage or a retention problem? Have we done the best we can over the decades to provide great pay plans, benefits packages, great work environments, and the right culture to ensure that the techs we have stay with us?
      Finding and hiring qualified automotive technicians is not a new phenomenon. This problem has been around for as long as I can remember. While we do need to attract people to our industry and provide the necessary training and mentorship, we also need to focus on retention. Having a revolving door and needing to hire techs every few years or so costs your company money. Big money! And that revolving door may be a sign of an even bigger issue: poor leadership, and poor employee management skills.
      Here’s one more thing to consider, for the most part, technicians don’t leave one job to start a new career, they leave one shop as a technician to become a technician at another shop. The reasons why they leave can be debated, but there is one fact that we cannot deny, people don’t quit the company they work for, they usually leave because of the boss or manager they work for.
      Put yourselves in the shoes of your employees. Do you have a workplace that communicates, “We appreciate you and want you to stay!”
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