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I don't. I live in a non-rusting climate, can fix/rebuild what needs doing, I drive older cars that are either fully depreciated but run fine anyway, or else like the M3 and MG-B are actually going *UP* in value.
The Don Drapers of Madison Avenue can kiss my butt. My "works fine and is long ago paid for" trumps their "new and improved".
I prefer to pay cash on the rare occasions that I add a vehicle.
I don't trade them in.
We'll usually start looking when one turns over 100K with buying a new one around 125K or so. My wife got a 2010 Forester last summer to replace (although we kept it) her 2002 Taurus wagon. My 2003 F-150 has 120K on it and I'm now planning to replace it (but keep it) in about 2 years at 150K.
Those older cars we keep are used as spares and run until they die.
In the NBP fleet right now, in addition to the above, are a 2003 Focus with about 85K (replaced a totalled 2002 Cavalier which replaced a totalled 1998 Taurus), a 1995 Taurus wagon (250K), a 1995 Taurus wagon (55K), a 2001 Nissan Frontier (120K) and a 1991 Lumina (66K).
I have five drivers at home with oldest son (both 95 Tauruses and the Frontier are his) not being allowed to drive anything on my insurance (the result of the totalled 98 Taurus).
The second 95 Taurus and the Lumina were bought from the parents (or the estate) when they either went "home" or went to "the home".
I'm on the other end of the statistic. I change my car every year or two. I buy older cars that are not worth much, pay cash, and get rid of them when I'm tired of it or it needs more work than I'm willing to do or economically sensible. My good car gets traded in every 3 or 4 years. Same deal but Mrs D drives it so she gets a better vehicle.
The last vehicle I bought was a 2002 Tacoma in 2005. I traded a 1990 Nissan which I had bought new. I still own a 1992 4Runner which I bought in 1994. So I tend to keep my vehicles for a long time.
Statistics say that Amers replace their cars every 3 years,but I want to hear real stories from real people...
So,how often do u replace your car ?
Do u buy new or used ?
What method of payment do u personally prefer..?
I bought my 1999 Chevy Malibu in January of 2000. I am still driving it and in 2008, I bought a 1988 Dodge Dakota pickup. I have no problem driving old cars.
if it is 3 years, i figure they might be averaging in leases, too. it seems the average length of time for a lease
for me, eight years seems comfortable. although i always own more then one car. so i would say it varies. for instance i will "keep" my old Volvo 740 as long as it runs and doesn't require repair which exceeds its value
or at least its value to me and not to the KBB
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