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[quote=Anonymous][quote=Anonymous]

This is not PP but I am guessing s/he didn't factor in selling every 3 years since those cars do hold their value really well. But there's also a transactional cost in selling and buying a new car every 3 years. May be psychological but it feels like a huge hassle.[/quote]

That's certainly true. Our family has 3 cars and we pretty much buy a new car every year, and sell a car every year. Typically it's my wife that gets tired of a car, points to it and tells me to get rid of it. I wash/clean it, take some good photos and it's usually sold in 2 weeks on Craigslist. Again, there are a TON of people looking for 2 to 3 years old Hondas and Toyotas. During this 2 weeks, we are scoping out the replacement car - usually the newer model of whatever it is we are selling. Researching the current price takes about an hour, negotiations usually take in total of about 2 hours emailing people and phone calls. Time at dealership picking up the car is another 2-3 hours. So half a day total every year.

My wife likes it because she's always driving a car with the latest safety features. I like it because I'm a car guy and gets to play with new gadgets. I can see how others may not wish to do this so frequently. I guess for us, that sensation of driving a new car every year makes up for the few hours we have to spend buying it. [/quote]

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