*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?