Join Early Retirement Today
View Poll Results: When you buy a car, what age or age range do you usually buy?
New cars 49 50.52%
Used cars, less than 2 years old 12 12.37%
Used cars, 2-5 years old 23 23.71%
Used cars, more than 5 years old 8 8.25%
The cheapest things I can find 0 0%
I usually lease 1 1.03%
Other/I've never bought a car 4 4.12%
Voters: 97. You may not vote on this poll

Thread Tools Search this Thread Display Modes
When you buy a car, what age or age range do you usually buy?
Old 05-24-2008, 11:04 PM   #1
Dryer sheet wannabe
Join Date: May 2008
Posts: 18
When you buy a car, what age or age range do you usually buy?

I'm new around here, but I was curious what age of cars we early retirement aspirants usually buy.

cloudeleven is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-25-2008, 02:13 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,075
We have been buying new vehicles and driving them for 10 to 12 years. While working, we put about 12k mi per year on the vehicle.

DW is retired now and will put less miles on the car (probably about 5k) in a year.

I will ER in a few years. I am mulling over what to do about our next vehicle right now. One goal is to get a vehicle that is energy efficient... Fuel prices will continue to rise.

We would buy a new vehicle normally. However, if the oldest car needs to be replace in the next couple of year, I may buy a used vehicle to hold us over until a broader array of hybrids (improved efficiency) to come on the market.

We will be doing a lot of driving in ER (travel) so we will want a dependable vehicle that is comfortable and fuel efficient.

chinaco is offline   Reply With Quote
Old 05-25-2008, 04:56 AM   #3
Thinks s/he gets paid by the post
lazygood4nothinbum's Avatar
Join Date: Feb 2006
Posts: 3,895
i'm spoiled. i had more new cars in my first 35 years of life than mom had in her entire 75 years of life. the ol'man always taught me that a car was just a vehicle to get from point a to point b. but he probably never felt that way about his boats. mom bought a new car maybe once every 10 years or whenever the old car started becoming a hassle with repairs.

but i've gone through new cars like toilet paper, having had company cars from college until just a few years ago. for the last three cars on my own, i got an almost new yellow mustang convertible (was a repo with about 3k mi on it) at just a few bucks over its wholesale auction price through a friend of a friend. then i had a t-bird on a ford-subsidized lease, a seriously good price which an industry employed friend had told me about.

since college, i've never had a car that was more than two or three years old. but at least i can say that i didn't buy my first new car until i was 50, so that story can spin either way. i might be taking a bath on the current stang vertible gt. i bought it thinking it would be a five-year car for fun roadtrips before taking off and vagabonding sans car for quite a few years, but since then my net worth has tanked and my tank is, well, how's your tank? still, very fun to speed around town, and i'm just doing more local trips instead of cross-country ones. not sure how this is going to play out but i might sell it, cutting my rather large loss if & when i get rid of these houses or i might settle someplace cheaper for a while and continue with some roadtrips before heading offshore.

had i known i wouldn't get the use (which i planned for) out of this new car when i bought it, well, as is said, i would have made a whole different set of mistakes.
"off with their heads"~~dr. joseph-ignace guillotin

"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
lazygood4nothinbum is offline   Reply With Quote
Old 05-25-2008, 06:31 AM   #4
Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,752
I voted 'Other', since we've bought all kinds. Of our last 4 cars, 2 were new and two were pushing 50 years old (but driven regularly in the summer). Before that, we'd buy used, anywhere from 3 to 10 years old, any good vehicle at a good price.
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Old 05-25-2008, 06:38 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
Join Date: Jan 2008
Location: Chicagoland
Posts: 10,663
I should buy used only and I used to long ago. My compromise is I buy inexpensive, reliable new cars (and wait a long as it takes for a great deal) and keep them for 5-6 years. We can afford anything we want, but our last two cars were a Honda Element and a Toyota Camry Hybrid. My peers all drive Lexus, BMW, Audi, huge SUV's, etc. and trade in every 3 years. They don't understand why I don't buy something more 'prestigious,' but I don't envy them at all...they'll still be working/paying long after I'm FIREd.
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 05-25-2008, 07:02 AM   #6
Thinks s/he gets paid by the post
Rambler's Avatar
Join Date: Jul 2007
Posts: 2,081
Our last two private cars were new. The truck I bought last summer was a better deal new than I could get used (500 over invoice, then minus a 3000 rebate from mfg). The minivan we bought in 2005 was new and was purely an indulgence for DW, not to be had again. I've had three new company vehicles (Lexus) in the past 6.5 years. My wife's car in Asia we bought used with a very good deal. On our car purchases in the states, we just haven't been able to find great deals on used cars...I don't like buying over 2-3 years old, and these days a 2-3 y.o. car goes for almost as much as a new one. Next car is still years off, and will be new, and as comfortable and efficient as we can find. Other than that, I'm hoping there is a new RV in the future for us, within a couple of years.

Rambler is offline   Reply With Quote
Old 05-25-2008, 08:22 AM   #7
Thinks s/he gets paid by the post
73ss454's Avatar
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Since I was in the car biz all my life I didn't have to buy my cars. Got 2 demos from work for DW and myself. Now that I'm retired we bought 1 new car for DW so I don't have to listen to her. (heh) For myself I bought a 4K Taurus and plan to drive it till it falls apart. DW is not to thrilled about the Taurus, but hey, it goes forward just fine.

When it comes time to buy another car for myself it will be something at least 3 years old so someone else can pay the lions share of the depreciation.

As far as DW, I'll cross that bridge when I get to it.

Oh yea, Leasing, the biggest rip off in automotive history.
73ss454 is offline   Reply With Quote
Old 05-25-2008, 08:36 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
Join Date: Jan 2007
Location: Independence
Posts: 5,086
Think i've had one car less than ten years old when i bought it.
calmloki is offline   Reply With Quote
Old 05-25-2008, 08:54 AM   #9
Thinks s/he gets paid by the post
ls99's Avatar
Join Date: May 2008
Posts: 4,454
Only new car I bought was 1972 Super Beetle. Others all over the map, A 62 Pontiac Bonneville, car was a mile long, step on gas, gas gauge went down same rate as speedometer up.
They were giving away salt shakers, Ginzu knife sets and other trinkets, just to get you into the gas station. Full service too, washed windows checked oil, washer fluid. Told you roll up driver's window. That, I tipped for. Shoot, with that Bonneville I had a full set of kitchen knives in two weeks. Gas 32 cent/ gallon.
Latest, an 88 XJ6, 3yrs ago, 99 GMC Suburban 7.4l, 4 yrs ago. Wife will have new only.
Used cars OK if you can do your own work, which I do.
There must be moderation in everything, including moderation.
ls99 is offline   Reply With Quote
Old 05-25-2008, 10:27 AM   #10
Full time employment: Posting here.
RetiredGypsy's Avatar
Join Date: Mar 2008
Posts: 526
In 2006 I bought a 2001 VW Beetle TDI and a brand new motorcycle. I wasn't expecting to move out to Southern California with the great year-round weather, so when I got here I sold the car and have only been riding my motorcycle. Since I like to bicycle and kayak, I'm thinking of buying a beater with a top rack if I can't find somewhere to live with some sort of body of water nearby and good trails.
RetiredGypsy is offline   Reply With Quote
Old 05-25-2008, 03:01 PM   #11
Thinks s/he gets paid by the post
OAG's Avatar
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,594
Always new since 1967. Kept anywhere from 2 to 9 years. Current one is an 05 SUV (can't really see selling it or going smaller - only slightly over 23K miles on it now). Current driving entails about 4.5K miles annually. Unless gas gets to $25 a gallon I can live with it (not happily but still would live with it). Maybe 2011 or so depending on what develops I may look for another new one (probably not a SUV).
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Old 05-25-2008, 03:04 PM   #12
Recycles dryer sheets
Join Date: Nov 2006
Posts: 86
We buy new and keep forever. Only got rid of the last car because it was totalled in an accident. One car 10 years old and bought new and just a second on that is new right now.
sweetana3 is offline   Reply With Quote
Old 05-25-2008, 03:49 PM   #13
Full time employment: Posting here.
Join Date: Apr 2004
Posts: 802
Daily fleet rental are taken out of service with lots of warranty and marked down by $1000's.

We got a 2003 Impala ~ 35 000 KM in 2004 and couldn't be happier.

They tend to load up these vehicles with extra features, making it an even better deal.
Zipper is offline   Reply With Quote
Old 05-25-2008, 07:30 PM   #14
Walt34's Avatar
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 14,105
Like sweetana3 we buy new and keep them forever, until the wheels fall off or we can't find parts. That was easy for me since I had an employer's car to drive when not working with a few reasonable restrictions.

When the ones we have need to be replaced I'll be more open to buying 2 or 3 year old used. Growing up we bought used cars and they were with one exception a maintenance headache. But the quality all around is much better now, the only question I'd have on a used one is "if it's such a great car, why did he sell it?" But some people change cars just because they decided they don't like the color.
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 05-25-2008, 08:04 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 16,436
Conventional wisdom is buy a 2-3 YO car because that is when the major depreciation hits. I've done it, but since I keep the cars until they are 10-12 years old, I don't think it makes much financial difference. You lose miles under warranty, have to get new tires, brakes and other maint items at about that time, and if I'm going to drive it for that long, it's kind of nice to have it brand spankin' new for a few of those years. So I prefer to buy new.

OTOH, for our kids, we help them choose a decent used car ( $4-$5K range) and go in 50-50. They don't put on many miles, may damage it, and it may sit idle for the first year or two of college. Just don't want to tie up that much $ for those vehicles.

ERD50 is offline   Reply With Quote
Old 05-25-2008, 09:00 PM   #16
Full time employment: Posting here.
Dog's Avatar
Join Date: Apr 2006
Posts: 736
We buy economical new and drive until they are ready for major repairs (10 -15 years). Most of my friends/peers drive new vehicles (Accuras, Lexus, BMW, etc. and tease me about being cheap - but I don't have to pay for premium gas, more expensive parts/maintenance/insurance.
Dog is offline   Reply With Quote
Old 05-25-2008, 09:39 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2004
Posts: 10,895
We've usually bought older (5+ old) used cars. When it is time to replace my wife's 1995 Honda Odyssey (our "nice" car), we might do things differently.
-- Korean cars: These have come a long way in the quality department, and if they continue to offer very long warranties we might buy a new one (if the prices are still 15-20% below a comparable Honda or Toyota).
-- Japanese Cars: If we buy one, it will probably be a new one. They seem to depreciate so slowly that you just can't get a significant advantage by getting one a few years old. This way we'll know it's been taken care of.
-- A 3-5 YO American car: I do think they've gotten a lot better in initial quality, bit I don't know if they've got reliable subcomponents that will last a decade or two. If it looks like they've truly turned the corner and that I can get one at a bargain price, I would do it.
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Old 05-26-2008, 05:17 AM   #18
Ronstar's Avatar
Join Date: Aug 2007
Location: Somewhere between Chicago and Phoenix
Posts: 7,209
Always new vehicles - but none lately. Currently, DW and I have 2000 Jeep Grand Cherokee (133k miles), 2001 Acura (95k miles), 2001 Corvette (48k miles), and a 2004 Jeep Wrangler(8k miles). I'll probably have to replace the Grand Cherokee and Acura within the next 5 years. Not sure what to get yet.
Ronstar is offline   Reply With Quote
I have bought at 2-3 years old and kept them for 10 years
Old 05-26-2008, 11:32 AM   #19
Recycles dryer sheets
aenlighten's Avatar
Join Date: Apr 2007
Posts: 275
I have bought at 2-3 years old and kept them for 10 years

But I do check what the initial depreciation is to see if it makes sense. Some do, like American luxury cars, but many really don't suffer any more initially than longer term and I would buy new in that case. Capital costs have always been the largest expense for me, even buying used and keeping them 10 years, but insurance, and gas, maintenance and repair, end up as close second and third.
aenlighten is offline   Reply With Quote
Old 05-27-2008, 08:01 AM   #20
Full time employment: Posting here.
Join Date: Jul 2002
Posts: 828
Last new car I bought was a 89 Pontiac Grand Prix. Since then, I've purchased six vehicles: 4 were about a year old and still under warranty but at about 65% of original sticker, one was 4 years old and a good deal.....sold it less than a year later for same price I bought it due to a move to another state, and the last was 3 years old but at 40% of original sticker and average mileage.

Agree that with popular cars, don't get that big of a break in price. View vehicles as a tool so whatever gets the job done is what I shop for. BTW, of the six, one was a sedan, one a pickup truck (2wd) and 4 were minivans. I love that folks prefer SUVs, makes shopping for soccer dad minivans a bargain.


RE2Boys is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Which insurance to buy for rental car? Olav23 FIRE and Money 8 10-31-2007 08:06 PM
Leasing Car with intent to buy RedHawk Other topics 25 10-29-2007 02:03 PM
Thoughts on buy or lease new car, Technology changing fast rjk514 Life after FIRE 62 01-25-2007 07:50 PM
How to buy a new car? riskadverse Other topics 17 03-27-2006 06:22 AM
buy and build or just buy land and wait ? lonedog Life after FIRE 11 02-13-2006 09:55 AM


All times are GMT -6. The time now is 09:44 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.