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Old 02-10-2012, 08:22 PM
 
166 posts, read 37,702 times
Reputation: 84
Default When Should You Get Rid of Your Car.....

1) At what mileage should you sell your car to avoid possible costly repairs; or

2) At what age of the car should you sell it to avoid possible costly repairs?

Assuming it's a reputable car, such as a Honda or Toyota.
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Old 02-10-2012, 08:31 PM
 
Location: Southeast, where else?
1,719 posts, read 1,124,940 times
Reputation: 2092
Quote:
Originally Posted by SuperManGuy View Post
1) At what mileage should you sell your car to avoid possible costly repairs; or

2) At what age of the car should you sell it to avoid possible costly repairs?

Assuming it's a reputable car, such as a Honda or Toyota.
Let's assume that it is an accord or camry 4 cylinder. If you are one to keep a car, run synthetic oil day one, and don't jump curbs with it? 150-200k miles....Might still get 5k retail...this after roughly 10 years of service and minimal expense and an initial cost of 19k plus tax, title tag....please, can't beat it....

If you tend to like new car smell more often, dump them before they reach 90k and timing belts need replacing. Both are near bullet proof buys. Resale, even with high mileage is truly there provided you don't smoke, keep the finish up and treat it decently. There is simply no better car value out there. Period.
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Old 02-10-2012, 08:42 PM
 
166 posts, read 37,702 times
Reputation: 84
Quote:
Originally Posted by Caleb Longstreet View Post
Let's assume that it is an accord or camry 4 cylinder. If you are one to keep a car, run synthetic oil day one, and don't jump curbs with it? 150-200k miles....Might still get 5k retail...this after roughly 10 years of service and minimal expense and an initial cost of 19k plus tax, title tag....please, can't beat it....

If you tend to like new car smell more often, dump them before they reach 90k and timing belts need replacing. Both are near bullet proof buys. Resale, even with high mileage is truly there provided you don't smoke, keep the finish up and treat it decently. There is simply no better car value out there. Period.
Does your above paragraphs change if it's a Civic or Corolla?
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Old 02-10-2012, 08:52 PM
 
Location: Woodland Park, CO
2,871 posts, read 4,161,569 times
Reputation: 1926
Every 36 months for this guy, sometimes sooner if there is equity in the lease. I need something new and fresh every couple of years and don't have a problem paying for it.
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Old 02-10-2012, 09:05 PM
 
8,903 posts, read 10,204,134 times
Reputation: 8529
Quote:
Originally Posted by SuperManGuy View Post
1) At what mileage should you sell your car to avoid possible costly repairs; or

2) At what age of the car should you sell it to avoid possible costly repairs?

Assuming it's a reputable car, such as a Honda or Toyota.

I have seen more people get rid of very reliable cars because they hit an arbitrary number like 50k or 100k miles. And more than likely, the newer car end up being a lemon.

I keep a vehicle until the repair bills start coming every two months or so.

Major repairs generally come as a result of DEFERRED maintenance. That is, the owner stops doing the scheduled maintenance at a certain mileage because "it is not worth it" and eventually, the car gets into a condition where it is not worth repairing.
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Old 02-10-2012, 09:37 PM
 
Location: Scottsdale, AZ
4,487 posts, read 9,472,559 times
Reputation: 3722
Quote:
Originally Posted by SuperManGuy View Post
1) At what mileage should you sell your car to avoid possible costly repairs; or

2) At what age of the car should you sell it to avoid possible costly repairs?

Assuming it's a reputable car, such as a Honda or Toyota.
What exactly is a "reputable car"? My dad owned a Ford Super Duty diesel that went for 300k miles and was still going strong when he sold it and bought a new one.

If I was driving a Mercedes, I wouldn't drive it one day without a warranty because of the costly repairs but I'd drive a Chevy or Ford for a couple hundred thousand miles until the engine was just shot. However, I like the new car smell and trade my truck off every 3 years usually having about 50k miles on it.
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Old 02-10-2012, 11:14 PM
 
Location: Vegas Baby!
36 posts, read 30,287 times
Reputation: 37
Quote:
Originally Posted by SpeedyAZ View Post
What exactly is a "reputable car"? My dad owned a Ford Super Duty diesel that went for 300k miles and was still going strong when he sold it and bought a new one.

If I was driving a Mercedes, I wouldn't drive it one day without a warranty because of the costly repairs but I'd drive a Chevy or Ford for a couple hundred thousand miles until the engine was just shot. However, I like the new car smell and trade my truck off every 3 years usually having about 50k miles on it.
This is a valid point; there is a huge price difference in parts and labor for domestic and foreign cars. Even between foreign cars from different parts of the world vary greatly (i.e. German vs. Asian etc).
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Old 02-10-2012, 11:16 PM
 
Location: Chicago
35,623 posts, read 53,213,124 times
Reputation: 23993
I finally ditched my 17-year-old car when the repair bills routinely started to add up to the amount I'd spend on a car payment for a late-model used car.
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Old 02-10-2012, 11:38 PM
 
Location: San Francisco
10,989 posts, read 1,346,221 times
Reputation: 19266
I think it's possible to keep even a good car too long. I've got a 1987 Honda Accord LX sedan that's in great shape with less than 60,000 original miles, and I feel like I can't sell it. For one thing, I would have no idea how to price it. It's off the charts as far as Blue Book value. Because it has so many miles left in it, it's worth a lot more than it's worth, if you know what I mean. So I keep it because it would break my heart to trade it a low-mileage classic like that in for the couple of thousand that a dealer would offer.
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Old 02-10-2012, 11:42 PM
 
Location: The front porch outside of the Astral Plane
13,942 posts, read 8,065,978 times
Reputation: 23400
If it is paid for or close to being paid for why would you go into debt for a different vehicle?

Too bad so many humans buy into the "Fleecing" is better lie.
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