Yeah, the policy causes more cars to be sold, which is also an important thing to take into account.
But you initially said “If most people replace their cars every three years they’re not getting to 80,000 km before they buy a new one.”, and that is plain wrong, the car is not scrapped after those 3 years, so when it changes owner for the first time is irrelevant. And that 80k km is worst case scenario, that assuming all electricity is generated in the least environmental way possible, in practice it’s often <40k km that there is already a break even because not all electricity is generated by coal.
No it isn’t. It’s to force you to use credit under the guise of checking how good you would be at paying back.
I’m from europe, you know how much credit i had before i got a loan for my condo? absolutely zero. All they needed to know was that i had no debts, lived well within my means, knew what i was doing, not “how many credit cards and car loans have you got running”. The best possible person to loan money to is someone with 0 credit history who can prove they’ve got a solid source of income, and are living well within their means. Because you know, once i bought my condo, paying my loan is the exact same thing as paying my rent.
And if you wonder if i got a decent loan with such a “terrible credit history”. It was a loan with variable interest rate, after the first change, my interest dropped to 0 due to the financial crisis, and it remained at 0 until i paid it of.
Anyone actually believing the american credit score system is anything else than just a way to force you to use credit while you really shouldn’t, is just indoctrinated. I’m sorry, but someone perfectly paying rent, and saving up for purchasing a house without ever using any credit is the perfect person to give a good mortgage too, and the exact kind of person this system sets out to punish because they’re not taking part in the American banking system the way the banks want you to.