How long do you keep your cars?
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Anonymous
| Current card are 2011 and 2013. Only looking at new ones because we need bigger. |
Anonymous
| As long as they last. I am currently driving a 17 year old one and a brand new one that replaced a 16 year old one. |
Anonymous
| I hate cars and dealing with them and I’m starting to love leasing. I know financially it doesn’t make sense. |
Anonymous
| Drive them into the ground. Cars are suck and are gargantuan waste of money, some drive until they fall apart at the seams. Only in my second car in my lifetime. |
Anonymous
Same. |
Anonymous
| Ours are 10 and 14 years old now. We've replaced sooner if we needed a different car, but almost always 7+ years before we consider replacing. |
Anonymous
| Car, clothes and wife - keep them until they die. |
Anonymous
| As long as they last. Current car is a 2009, I bought it used in 2013, it’s still going strong. |
Anonymous
| 12-25 years. We have one 25 years old but it's a fun car. Otherwise as long as possible - usually 12-15 years. |
Anonymous
|
car #1 15 years - had to replace it
car #2 13 years - needs replacing |
Anonymous
| Wow you all drive some real junkers. I’m amazed by this. This is not at all representative of what o see driving around town. |
Anonymous
Feel like there is some response bias at play here |
Anonymous
|
We keep them until they can no longer be fixed. Our newest car is a 2009 Toyota bought three years ago. Cars are a waste of money in general and the transaction costs are annoying.
As cars have gotten more expensive and reliable, most Americans no longer buy new cars. A shrinking number of people are purchasing the cars that we all will be driving over the next 25 years. This has important implications for the size/safety of the cars and trucks that we will be driving in 2030 or 2040 or 2050. It also will drive the share of the market that will be highly fuel efficient or electrified. Bottom line, it takes a LONG time to turn over the nation's vehicle fleet. https://www.nytimes.com/interactive/2021/03/10/climate/electric-vehicle-fleet-turnover.html Electric Cars Are Coming. How Long Until They Rule the Road? In 2050, when electric vehicles are projected to make up 60 percent of new sales, the majority of vehicles on the road would still run on gasoline. If the United States wanted to move to a fully electric fleet by 2050 — to meet President Biden’s goal of net zero emissions — then sales of gasoline-powered vehicles would likely have to end altogether by around 2035, a heavy lift. |
Anonymous
| Until they die, or need more money spent on repair than the car is worth |
Anonymous
|
Some people have the money to do the iPhone model. New lease ever couple years.
Some buy and hold. |