Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-08-2007, 10:42 AM   #81
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 133
Re: How Often Do People Trade In Their Cars For a Newer Model?

Quote:
Originally Posted by Dog
DH and I are having a discussion about LBYM - he thinks we may scrimp too much....I think we still fritter away more than we should. Just casual discussion. Anyway, somehow we started talking about how often people trade in their cars for a newer model. He thinks the average is three years. What do you think?
I get a new car when the wheels fall off, smoke comes out, the engine pops out and begs for mercy.

The rest of the wold could drive happily on our (America) leftovers.
__________________

__________________
rw86347 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 Early-Retirement.org 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!

Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-08-2007, 11:07 AM   #82
Full time employment: Posting here.
kaudrey's Avatar
 
Join Date: Feb 2006
Location: Alexandria, Va
Posts: 941
Re: How Often Do People Trade In Their Cars For a Newer Model?

My first car was a hand-me-down from my grandmother. Between two of us, we had it for 11 years.

I had my second car (bought new) for 8 years. It was cheap and falling apart by then.

I had my 3rd car (bought new) for 3 years before it was totalled in an accident.

I've had my current car for 3 years (used, so it is 6 years old), and I plan to keep it for quite a while.

I think how long you keep your cars partly depends on your LBYM philosophy. My parents have kept most of their cars for 10 years or more.

Karen
__________________

__________________
Two roads diverged in a wood, and I - I took the one less travelled by...
kaudrey is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-08-2007, 11:57 AM   #83
Thinks s/he gets paid by the post
SecondCor521's Avatar
 
Join Date: Jun 2006
Location: Boise
Posts: 2,401
Re: How Often Do People Trade In Their Cars For a Newer Model?

Still driving the 1995 Toyota Corolla I bought new on February 14, 1995. 118K miles. Still runs almost like new. Put on miles at a rate of 6k per year now. No plans to replace any time soon. Will drive until the repairs get outrageously expensive or parts are no longer available, which I expect to be another 8-10 years.

When I do replace it I plan on getting a 2 year old Toyota, Honda, or Lexus.

2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
SecondCor521 is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-08-2007, 12:41 PM   #84
Thinks s/he gets paid by the post
 
Join Date: Sep 2006
Posts: 1,689
Re: How Often Do People Trade In Their Cars For a Newer Model?

Quote:
Originally Posted by Dog
DH and I are having a discussion about LBYM - he thinks we may scrimp too much....I think we still fritter away more than we should. Just casual discussion. Anyway, somehow we started talking about how often people trade in their cars for a newer model. He thinks the average is three years. What do you think?
I bought a $4KFord Grenada in 1977 new - Died 1981 Car Crash
Purchased $6K Plymouth Turismo 1981 new - Died 1986 100,000 miles very poor car
Purchased $7.5K Ford tempo 1986 new - Died 1994 105,000 miles engine quit
Purchased '$4K 93 Ford Festiva 1994 Used 25K miles Died 2003 210,000 miles
Purchased $18K Honda Accord 2003 new - going strong 65,000 miles
__________________
Running_Man is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-08-2007, 03:18 PM   #85
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: How Often Do People Trade In Their Cars For a Newer Model?

Ah yes...the Ford Grenade....
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-08-2007, 03:33 PM   #86
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: How Often Do People Trade In Their Cars For a Newer Model?

My average (excluding ex-wife) years owning a car is about 9.

Current car is 7 and has only 69,000 on it. It is our "toad" and should last several more years. Other than a few door dings it looks brand new.

DW's car is new. We gave her 7 year old car to a family member.

My late wife's car was 8 years old when I gave it to my son when his car finally died (14 years old...car not my son).

The truck is the wildcard. We bought it for the cabin and all the toys. I am going to get some of the rock dents removed and will be selling it in the fall. It is 4X4 and that is when they sell the best around here. It is 4 years old but has less than 10,000 miles on it. Salsa Red Tundra Ltd....nice truck but I don't need it and I want the garage bay back.

The Motorhome was used and we plan on keeping it for a while.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-08-2007, 08:52 PM   #87
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,263
Re: How Often Do People Trade In Their Cars For a Newer Model?

Quote:
Originally Posted by SteveR

Current car is 7 and has only 69,000 on it. It is our "toad" and should last several more years. Other than a few door dings it looks brand new.

Just a curiousity question... when you are towing... does the 'toad' rack up miles I would think that it would....
__________________
Texas Proud is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-10-2007, 12:29 AM   #88
Recycles dryer sheets
 
Join Date: Apr 2007
Posts: 113
Re: How Often Do People Trade In Their Cars For a Newer Model?

Quote:
Originally Posted by Texas Proud
Just a curiousity question... when you are towing... does the 'toad' rack up miles I would think that it would....
That depends.

On mechanical odometers mileage would accrue unless a disconnect is installed.

On newer fully electronic odometers, most (all?) do not record mileage unless the ignition is in the 'on' position.
__________________
cho oyu is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-10-2007, 05:37 AM   #89
Full time employment: Posting here.
 
Join Date: Oct 2006
Posts: 524
Re: How Often Do People Trade In Their Cars For a Newer Model?

We need two vehicles, in the past we purchased new vehicles when they became about 6 years old. The two we own now are about 2 years and 4 years old. We will likely keep both of these longer than 6 years so long as we don't have problems. We don't want to own unreliable vehicles.
__________________
***********
My motto is.... "a dollar saved is better than a dollar earned. I don't pay tax on the dollar I saved."
Tom52 is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-10-2007, 01:17 PM   #90
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,263
Re: How Often Do People Trade In Their Cars For a Newer Model?

Quote:
Originally Posted by cho oyu
That depends.

On mechanical odometers mileage would accrue unless a disconnect is installed.

On newer fully electronic odometers, most (all?) do not record mileage unless the ignition is in the 'on' position.

SOOOO.. you tires and other suspension parts might wear out with 'few' miles on them if you are towing a long way Interesting...

And, you can say "it is a low mileage car"... when you sell and not be lying...

__________________
Texas Proud is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-10-2007, 01:52 PM   #91
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: How Often Do People Trade In Their Cars For a Newer Model?

Quote:
Originally Posted by Texas Proud
Just a curiousity question... when you are towing... does the 'toad' rack up miles I would think that it would....
No, the toad does not show added miles on the odometer. Some cars do...some don't.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-10-2007, 02:05 PM   #92
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: How Often Do People Trade In Their Cars For a Newer Model?

Quote:
Originally Posted by Texas Proud

SOOOO.. you tires and other suspension parts might wear out with 'few' miles on them if you are towing a long way Interesting...

And, you can say "it is a low mileage car"... when you sell and not be lying...

You can usually tell if a car has been modified to tow it. There are a number of items required and these can usually be easily seen during an inspection of the car. It would be pretty rare to not have some sign that the car was towed; but not impossible. It all depends on the car and what has to be done to it to be able to tow it.

Tow bracket--usually bolts to the frame and many cars require additonal holes be drilled to attach the bracket.

Transmission pump or disconnect-some cars can't be towed with all four tires on the road without disconnecting the transmisison from the driveshaft or by adding a transmision fluid pump; both are very easy to detect. But, many older cars with automatic transmissions can be easily towed without added hardware. Most any 4X4 can be towed without modification (exceptions apply).

Lights-most cars have the car wiring tied into or have extra bulbs installed so the motorhome lights are translated into the car rear lights for brakes, turns and running lights. There is usually a plug on or near the front grill to connect the car to the motorhome electrical system. However, one can use magnetic mounted rear lights which do not require any modification to the car wiring system.

Auxilary braking systems-these can be pretty extensive to totally invisible when not in use.

The short answer is most towed vehicles will have something that will indicate it was set up for towing but there are a few that won't. Buyer beware. If a car has fewer miles on the odometer than it looks like it should...check further.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-10-2007, 05:50 PM   #93
Dryer sheet wannabe
 
Join Date: Mar 2007
Posts: 20
Re: How Often Do People Trade In Their Cars For a Newer Model?

My first car was my mom's old 1981 Plymouth K car which was given to me and my sister to commute to university in 1995. Drove it for three months, then it broke down, and my family decided that it was not reliable enough for us.

My second car was a 1995 Chevy Cavalier, bought new by a family member to replace the K car. My sister still drives that car today and is starting to think that she may need to trade it in sometime in the next 3 or 4 years. But for now it still runs fine.

My third car (first one I actually owned myself) was a 1995 Neon, bought used from a boyfriend in 1999. I drove it until 2003, then gave it back to the same boyfriend when he needed a car to get to a new job (it had some mechanical problems and was starting to be a problem for me). He continued to drive it until it was stolen and crashed last fall.

My fourth and current car was a 2000 Honda Civic bought used in 2003 as a rebuild with only 12K km on it. It now has just over 100K km and I am starting to think about replacing it only because it has a problem starting in very cold weather. But other than that one small issue (maybe a problem two weeks out of the year where I live), I still love the car so I'm hoping I can find a way to hold on to it for a few more years.

I'm on the west coast of Canada and cars last a long time (10-15 years) in our climate. Family members back East have cars that last only 6 to 8 years due to cold weather, salt etc.
__________________
YVR-Terri is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-12-2007, 07:22 AM   #94
Recycles dryer sheets
 
Join Date: May 2005
Posts: 438
Re: How Often Do People Trade In Their Cars For a Newer Model?

Since we've been married (22 years now)-

1976 Buick, 1978 Ford Granada
1982 Ford F-100
1990 Crown Vic, 1965 Rambler
2000 Ford Focus
2005 Hyundai Elantra, 1985 F-150
currently
2005 Hyundai Elantra, 1997 Ford Escort

Buick sold soon after marriage, Granada was broadsided, should have kept the F-100, daughter later got Crown Vic as first car, wife disliked Rambler, wife kept driving standard shift Focus in wrong gear, F-150 was well worn ex-farm truck, and I recently picked up the Escort at a good price with only 85,000 easy miles. Only Focus and Hyudai were bought new.

Kind of an automobile soap opera.
__________________
rmark is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-12-2007, 08:02 AM   #95
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,457
Re: How Often Do People Trade In Their Cars For a Newer Model?

Quote:
Originally Posted by Texas Proud
Just a curiousity question... when you are towing... does the 'toad' rack up miles I would think that it would....
We tow a 4x4 Jeep Liberty. It's transmission already ready to go for towing (you have to add tow bar hardware and optional supplemental breaking). You put the transfer case in neutral, the transmission in park, and turn the ignition key one click (to free the steering wheel). The odometer does not increase.

We've got 25,000 miles on the odometer, but we calculate that we've towed it an additional 15,000 miles for a total of 40K.

We mainly pay attention to the tire wear.

If you notice what people tow, you'll see a lot of Jeep Liberties.

Audrey
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-12-2007, 09:08 AM   #96
Thinks s/he gets paid by the post
grumpy's Avatar
 
Join Date: Jul 2004
Posts: 1,321
Re: How Often Do People Trade In Their Cars For a Newer Model?

Bought DW a top of the line Honda Accord EX (V-6, leather, nav system, etc.) last week. She had been driving a 1995 Toyota Camry which was beginning to show its age. This is the first new car we've bought since 1993 (I've had good success with certified used cars). We are finding that our spending in retirement, even with travel and furnishing a new house has been less than our plans allowed for so I splurged a bit. I am driving a 1997 Lexus ES300 bought as a certified used car in 2002. I will probably drive it another 2 to 3 years.

Grumpy
__________________
...you can check out any time you like, but you can never leave...
grumpy is offline   Reply With Quote
Re: How Often Do People Trade In Their Cars For a Newer Model?
Old 05-13-2007, 05:30 PM   #97
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Re: How Often Do People Trade In Their Cars For a Newer Model?

Quote:
Originally Posted by grumpy
Bought DW a top of the line Honda Accord EX (V-6, leather, nav system, etc.) last week. She had been driving a 1995 Toyota Camry which was beginning to show its age. This is the first new car we've bought since 1993 (I've had good success with certified used cars). We are finding that our spending in retirement, even with travel and furnishing a new house has been less than our plans allowed for so I splurged a bit. I am driving a 1997 Lexus ES300 bought as a certified used car in 2002. I will probably drive it another 2 to 3 years.

Grumpy
Good for you! I have wondered if I am overestimating our spending... My estimates are higher than our current level while working.
__________________

__________________
chinaco is offline   Reply With Quote
Reply


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


 

 
All times are GMT -6. The time now is 01:33 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.