How often do you replace your car with a new one?
Do you use it until you can’t drive it anymore?
Hi Anjili - I replace my car every 3 years. I run a lease that expires at the end of 3 years and it has a final balloon payment. When I quit the car anything that I get over and above the final payment is mine - tax free! I generally like the feel and smell of a new car so I'm keen to replace them once they generally come out of warranty and to maximise the value. That way I don't have huge repair costs and less chance of a breakdown.
Another reason is that my cars generally have under 50,000 kms on the clock - this helps to maximise the trade in value.
For my wife's car we pay it off over 5 years and then sell it. It will have under 10,000 kms on the clock (she doesn't drive far) and we either use the value to off set the trade in or go on a holiday and do it all over again!
Cheers Michael
I can't afford a used car much less a new one. I just had my old one towed away.
We try to hang on to our cars as long as possible. On average, we probably get a new (or pre-owned) car about every eight years. We have been very fortunate and blessed with cars that do keep pretty well through the years.
Only when the old car's bumper is scraping the road, the paint is peeling off, the tires are worn down, and engine is making funny noises and refuses to start. Then I will look for a new car (and when I say "new", I mean a "new" and "used" car:) I cannot afford to just go out and buy a new car! I am happy with what works!
I have had my car since 1995, and when it dies, I will either not replace it or replace both it and my house with a small motorhome.
by MrSyntheticOil 12 years ago
How often should I trade in my car, or vehicle, for a new one?Factors like depreciation, balance on the loan and condition are part of this.
by rickb75 12 months ago
Should I wait for my 10 year old car to die or replace it now while I can still sell it?I have a 2000 Jetta. Should I replace it while it is still running and I can sell it, or should I wait for it to die, which can be who knows a few more years?
by khmohsin 12 years ago
Place for cheaper cars ?
by Tim Mitchell 23 months ago
Being in the auto field for forty years and an avid fan of auto racing, hot/street rods, and vintage restoration the cosmos spoke to me saying, "Since what you drive pretty much is an extension of your identity/personality does it reflect your party choice and how you will vote?"Seems so...
by Debra Allen 9 years ago
Is it better to re-finance a car or to just buy a newer model?We are thinking about re-financing our car at the end of the year. We have another car payment wrapped up in the loan. We would like for our car payment to be less than it is and I am wondering what would be the best option.
by NGRIA Bassett 13 years ago
Men generalY clean their cars more than they do the House. Is that really true?
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