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How Long Do You Keep Your Cars?

Posted in Classic, Featured, General, Other Rides, Rides by MrAngry | June 12th, 2011 | 11 Responses |

How Long Do You Keep Your Car?
*Photo Credit: StillRuns.com

For the most part the purchase of a new car is the second biggest investment that you’re likely to make next to a new home. I mean let’s face it, automobiles aren’t cheap, in fact the average price of a new car is around $29,000. Most people keep their cars around 4 years, but because of the state of our current economy I would think we’re looking at more like 5-7 years, especially since a typical car loan is 48-60 months. Personally, my record for one car is 8 years and that’s only because the car is a collectors item and one that I plan to own until I’m dead. The decision to get rid of a car can stem from boredom, reliability issues or the fact that you simply need to have the latest and greatest. I’m usually good for at least 3 years, after that though I start to get itchy and look to get into something new. It’s a vicious cycle I know and one that usually costs me extra money, but in the end it helps keep me sane so I really can’t bitch. How about you guys though – do you swap out your rides every 3 to 4 years, or do you keep those suckers for 15 years and run them into the dirt?

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11 Responses

  1. Michael says:

    Goal for cars/trucks is 10 years or 200,000 miles. We’ve made that goal with all but one vehicle.

  2. Willhelm says:

    the average age of the five cars at my house is 20 years old and all are still going strong with an average mileage of 250000 kilometers, some of them in the 4 and 5 hundreds

  3. djrosa says:

    ive only own one car a Audi 80 that had 18 years and 250 000+ km on the clock, and i can say that if it didnt get totaled id own it until i couldnt afford to fix it (before it got totaled id spend twise what the car was worth on fixing a broken front bridge and some other chassi problems)

  4. Canrith says:

    It pulls daily duty (season appropriate) for 5-6 years, then lives in the garage except for rare sunny days.

  5. Omar says:

    I have a 2001 Neon with 165,000 miles and just sold the 2000 Neon to my cousin for $1200 and it had close to 180,000 miles on it. Other than scheduled repairs….all that to say i keep it till the wheels fall off. Damn a car note. LOL

  6. crispy says:

    3-4 years for me. Never intend it to be that way, but that’s been the trend over the last 25 years or so. Mine go away mostly for the reasons you state, but a somewhat unexpected 4th child was the demise of our VW Passat after 2 years (loved the car). Probably keep my current car longer than most, though; by far the best performing car I’ve ever owned. The older I get, the more I seem to want to keep them.

  7. inthebuff says:

    I usually go 4 to 5 years. And sell it to a family member. Given the state of the economy, my 4 YO Frontier is going to last more than the end of the loan.

    I, too, have what I consider the collector car – the 2002 T-Bird. I don’t plan on getting rid of it any time soon. It’s got less than 48K on it and looks brand new.

    We also have an XTerra that’s a 2006, but I’ve only had it for 2 years. It’s got low mileage and that vehicle is going to be with us for a while.

  8. With taxes and the warranty and everything, my car was around $40k and that was for a certified pre-owned Mercedes. I bought it back in 2006 or 2007 and I paid CASH, no loans or anything. I was making a lot of money back then (spent it all btw). It will last for many more years; I haven’t had any issues with it. Now that I have a 8-5 job and make way less money I won’t be able to afford a new Benz so I plan to drive it into the ground! Over 70k miles so far and still going strong!

  9. DerkMatt says:

    Some cars are and should be used as “tools” only – they fit the job that needs to be done (minivans, compact cars, etc). These cars in our house get used until they die or are wrecked (not on purpose). We currently have two of these, ranging from 5- 8 years old with 95K – 125K miles. There are the rare situations that a vechile is the type that maintains value or is a collector car. Those cars happen to see daily driving the first few years and then end up in the garage, driven only on the weekends. I have 3 of these now, the oldest being 32 years old (60K miles)…these I will keep until I am dead or will give them to my kids if they want them.

  10. Genia says:

    Into the ground! I have a 2003 4-Runner, purchased it new. currently has 95K. It goes for all scheduled maintenance as I don’t plan on putting down another 40k anytime soon. Love my truck!

  11. matt says:

    my dad bought a 91 wrangler brand new when i was 4 and now im driving it and i plan to run her for a long time