I think that most problems with VCT come from not sealing it well and then exposing it to moisture, whereby the moisture can intrude at the joints between and get under the tile and attack the adhesive. I definitely wouldn't recommend it for a daily driver type of garage where wet vehicles would be parked on it and expose it to standing water conditions, particularly if it is never maintained. As I mentioned you can see how well it does hold up in some pretty tough environments, when it is properly maintained. I think in terms of performance vs. cost, it is pretty tough to beat. I figure to clean and reseal mine every few years is probably adequate, as I don't obsess over its appearance, etc.
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