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I think this article was obviously written by somebody who know much about cars.

First of all, people who own older cars, and who indeed are paying FAR less than people who shell out three or four hundred bucks a month to own or lease a newer vehicle, tend to be people who do most of their own maintenance and repairs. The people in this article seem to be the kind to always bring it in the the garage. That indeed is not an intelligent way to own an older vehicle.

Further, I don't think that 20 years of owning a car is anything remotely newsworthy. Maybe on Park Avenue, but not on Main Street, USA. Virtually all the 240s I see on the road are in much better condition than the one in this article, leading me to believe that this guy just doesn't take good care of it, and doesn't make very intelligent decisions about maintaining it.

The only "point" this article seems to make is that a few owners of older vehicles aren't very intelligent. Hardly worth the ink in the Old York Times.