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  1. #46
    Ummm.... Ya..... TroyScherer's Avatar
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    May 2010
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    Re: How long do you typically keep your cars?


    I`m not sure I have been driving long enough to establish a pattern yet.


    1. In `98 I started with a `88 Chevy Pickup (Hand -me-down)
    2. In `99 I got a `97 Cavalier Z24 as a graduation gift. (I paid for 1/2)
    3. In `02 I bought a brand new Cavalier Z24. (0% financing and the `97 trans was starting to have issues)
    4. In `04 I bought my current RSX S. (It is now 10+ years old and still going.)



  2. #47
    Autopia Specialist RaysWay's Avatar
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    Re: How long do you typically keep your cars?

    Quote Originally Posted by baby50 View Post
    I despise car payments so on average I keep a car at least 10 years. I believe I read from a financial analyst ( I believe Suzzie Orman) that if you keep a car 10 years and replace everything on it including engine and transmission you would save 30k+ dollars during that time span compared to leasing/buying a car every 3 years. I have turned wrenches my whole life so outsourcing a low mileage engine/trany through shop is advantageous and makes even more sense to keep cars longer for me. I own the following and couldn`t be happier with these cars and the money saved over the years.

    * 87 CRX SI BI6 Swap
    * 88 CIVIC DX D16 S/C
    * 93 Maxima GXE
    * 00 VW Golf GTI GT28
    * 01 Audi A4 Quattro
    Welcome to Autopia and thanks for the info. Nice list too.

  3. #48
    Autopia Specialist RaysWay's Avatar
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    Re: How long do you typically keep your cars?

    Quote Originally Posted by rlmccarty2000 View Post
    You could call me trader Bob. I keep cars until I see something I like better. Right now I`m stuck on 370z roadsters. I bought a used 2011, kept it a year, found a 2012, kept it a little longer and found a cherry 2014 with 8000 miles with the sport pkg. and I have been driving it for almost a year. I keep a spare car for bad weather, a 1993 Cadillac Deville that I bought from my uncle with56,000 miles on it. The Caddy has been acting up lately so it may be time for another spare. My wife drives a 2013 NissanJuke that she wrecked on Christmas Eve and has been repaired, but needs to go back in the shop to be realigned. When I was in the military I traded yearly and have had so many different cars it is difficult to remember all of them, but my favs are the convertibles. A Spitfire, MG Midget, Corvette, and the 3 Z`s.
    Very cool. I`ve been seeing nice 370`s around lately. Love the wheels on them and the white interior with red exterior.

  4. #49

    Join Date
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    Re: How long do you typically keep your cars?

    Quote Originally Posted by baby50 View Post
    I despise car payments so on average I keep a car at least 10 years. I believe I read from a financial analyst ( I believe Suzzie Orman) that if you keep a car 10 years and replace everything on it including engine and transmission you would save 30k+ dollars during that time span compared to leasing/buying a car every 3 years. I have turned wrenches my whole life so outsourcing a low mileage engine/trany through shop is advantageous and makes even more sense to keep cars longer for me. I own the following and couldn`t be happier with these cars and the money saved over the years.

    * 87 CRX SI BI6 Swap
    * 88 CIVIC DX D16 S/C
    * 93 Maxima GXE
    * 00 VW Golf GTI GT28
    * 01 Audi A4 Quattro
    I really think this depends on the vehicle. I am not sure what car these numbers where run on but I am sure it is true for some vehicles. I try to my depreciation at 200 a month for a 30K car. I had an `11 Mustang GT. I owned it for 39 months and drove it 29K miles. It cost me 6K for a `14 Mustang GT. Or a depreciation of 153 a month. If I am able to keep this up trading a car every 3 years, it will cost me about 18K over ten years. On top of that I will have a driven a newer car over the years.
    Now if I held that same Mustang for 10 years and put 10K a year on it maybe I could get 5K as a trade in. My depreciation would be about 25K over 10 years or about 200 a month.
    I had a `12 Accord I drove for 21 months I traded for a `14 Fusion, the Accord (worst car I ever owned) depreciated around $230 a month. I hated the car and just wanted to get out of it, I would have preferred to hold it a little longer and get the number closer to 200 and month.
    New cars and older cars have different cost associated with them. I figure all the different costs end up being a wash. Insurance for me is almost the same for what ever I drive. An older car isn`t more that a 100 bucks a year cheaper than a new car. I do pay a higher excise tax on the new vehicles. Sales tax in my state is calculated on the money that exchanges hands not the price of the new car (new car price - trade-in). A older car will have repairs, new cars are covered under warranty. New cars typically get better gas mileage.
    Bottom line - I personally like to drive new cars, so I trade when the numbers work for the vehicle.

 

 
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