Do you keep your car past 100k miles?

[Anonymous]

Anonymous wrote:I drive my car until it costs more to fix it than it is worth. No matter how many miles are on it. My car is 7 years old but does not have 100k on it. DH’s car is 17 years old and has over 100k.

A reliable used car is, in my mind, worth a lot more to me than the blue book value.

But I’m not a fancy car person even though I could probably afford one; so ymmv.

The bolded above is our approach, too. One of our cars is 9 years old with over 150k miles (DH drives a lot for work), that so far hasn’t given us any major issues. We stay on top of maintenance, which is still much cheaper than a car payment.

[Anonymous]

Yes, absolutely. I keep my cars as long as possible. My 2011 Toyota Corolla just hit 100k, and it is going strong. I have no plans to replace it anytime soon.

[Anonymous]

We keep cars until about 225,000 miles.

[Anonymous]

My 2001 Camry is just about at 200k miles and it's getting unreliable at this point...but it was a discounted rental car I bought decades ago.

[Anonymous]

My Subaru has 130k miles, and it's still running well; incidentally, I am in the market for a new Lexus GX. The inventory for the new Lexus GX has been so low that dealers are selling over MSRP. I'm waiting for the issue to work itself out and setting aside additional cash, as I don't intend to finance anything at today's rates. I probably won't hold on to the next car for so long, but I've always been a cash car buyer, and I've had a more challenging time getting enough cash together this time. Kids are so expensive.

[Anonymous]

Anonymous wrote:I wouldn't, but I don't like to keep cars out of warranty.

OMG

[Anonymous]

For me the mileage just informs an effort to estimate the costs and benefits, but it’s more likely to sway me in terms of not putting more money in it, not make me get rid of it preemptively.

[Anonymous]

Another H8nda/Toyota family that keeps cars until they are dead, not an arbitrary mileage amount. One died at about 196,000 (I was bummed, wanted to hit 200,000), other currently at 135,000

[Anonymous]

My last car was a Toyota RAV4 that finally died with 213k miles on it, 25 years after it rolled off the assembly line. The car before that was a Mazda 626 that I traded in with lots of repair issues outstanding at 237k miles on it - I can't recall how old it was.

Over the years I did the calculations repeatedly on the difference in cost of ownership of an older car with yearly maintenance and repairs required v. something newer with car payments and higher insurance. Holding onto the car that I owned outright was always much cheaper. When the car needed repairs I was always able to arrange alternate transportation for the one or at most two days it was in the shop.

I think it always makes sense to drive a car into the ground before replacing it, unless you are the sort of person who sees a vehicle as more than a tool but as a status symbol that somehow reflects on your character. Personally I didn't mind the reflection on me as being someone who uses a tool until it is no longer useful before tossing it in favor of a new one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wouldn't, but I don't like to keep cars out of warranty.

OMG

I know. that sounds really dumb and wasteful.

[Anonymous]

18 year old Acura. Still kickin’.

Regular maintenance cheaper to keep her for now.

[Anonymous]

^ 275K miles

[Anonymous]

Anonymous wrote:18 year old Acura. Still kickin’.

Regular maintenance cheaper to keep her for now.

Us too.

[Anonymous]

Of course. 100k is just a number.

[Anonymous]

Anonymous wrote:I wouldn't, but I don't like to keep cars out of warranty.

It’s a lot cheaper to occasionally repair something on a car than buy or lease new ones frequently