I bought my current car, an '08, for $7000 in 2014. I paid it off in 2017 and havent had a car payment in years, its been a dream. I get car envy and fantisize about buying a new car but then i look at the prices and im content with currently paying $0 a month
Also an 08. I am fine. Plan to keep it going as long as I possibly can and then buy an EV.
They also have been holding up better and last more miles. Unfortunately that means the road to switching to EVs is going to take longer.
My 10 year old car has 4 wheels, a good engine, comfy seats and bluetooth. Heating and cooling are fantastic. It does not have sensors that shit themselves if you get too close to a road line, does not need to go to the dealership for an authorized computer reset after the oil is changed, and it doesn't have any "eco" turbos waiting for their seals to leak.
What more can I ask from a vehicle? Maybe I'm getting old and cranky, but everything they've added to new cars is useless crap to distract drivers and eventually break.
Yup. My wife's car is a '22 and while overall solid drives her crazy with its sensors yelling at her. Thankfully, the auto adjustment to steering if you 'veer out of your lane' can be disabled. It still beeps at her for usually no good reason, though. Meanwhile, I hate it because it uses Android auto and is absolutely horrible at managing multiple phones. When I drive it won't connect. Meanwhile, when she gets home, it hijacks my bluetooth even if I'm listening to something with my headphones. If I unpair it on the phone side it spams pair requests until I block it.
Meanwhile, my car is roughly 10 years old, runs just fine, doesn't beep just because I used my turn signal with a car next to me, and has basic bluetooth that just works. I much prefer mine.
Good news for a bad reason.
My 2004 Subaru Forester is going to drive until the heat death of the universe if I can keep doing routine maintenance. Added bonus: it's a manual so I get to be part of an ever dying breed of people who can drive stick. We're almost at 200k miles and going strong.
On the bright side, at least planned obsolescence isnt in the auto industry???
Is that sarcasm? Because the auto industry is known for it.
You can get the same effect as a new car by buying a used car and then lighting $20,000 on fire when you drive it off the lot.
My '21 is functionally the same cost as when I bought it, minus what I would call normal depreciation. Keeping cars for longer also means used prices are remaining higher for longer, reducing access to getting a new one if something happens to your current vehicle and completely throws out anyone getting a new (to them) car for the first time.
I've never had a car loan in my life. I've never had comprehensive insurance. I've had four cars in 22 years. Only once have I had a car less than 12.6 years old, and just barely. 10y is the sweet spot when I go used car shopping.
My current 2007 C4 grand picasso sitting at 153k km should last me at least another four-five years before I hit my pain point maintenance-wise.
I cracked the windshield on my current car, but that repair cost 1/5 of what 22 years of windshield insurance would've cost, ignoring inflation.
I love my 2012 Mini and want to keep it for a long time, but it keeps trying to kill itself. I won't let it happen!!
I wonder if sellers will feel this pressure and bring prices down.
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