Why isn’t it treated similarly to a house?
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Because it isn’t a Honda or Toyota. Sorry if that hurts your feeling but resale value is a thing and it is a great barometer of car quality. I traded a 3 year old civic with 30K on it for 5 grand less than I paid. You won’t see a Big 3 hold it’s value like that.
Many businesseas like automakers and their dealers like to create a false sense of value with such rules for new vs ‘not new’. Jewelry works pretty much the same way. No real benefit for the customer, but smart marketing and following ‘the norm’ keeps the business model as it is
One is scarcity – there is only so much usable land on planet earth, whereas millions of cars get churned out every year, with each new model potentially being an improvement over the old one.
The other is that houses, or at least the land they sit on, can be used indefinitely while cars are complex machines that break down over time.
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