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Old 09-13-2015, 11:08 AM   #21
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I prefer new cars to used, and I can easily afford them so that is my choice. I don't like change much, though! So I tend to keep them a while.

I kept my Solara for 10 years, and only traded it in because I wanted a brand new vehicle at the beginning of retirement. So, I got a Venza.

I will probably start looking for another new vehicle to replace the Venza after it is 7-10 years old and it may take me a few years to find anything I want. Right now I see nothing.

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Old 09-13-2015, 11:12 AM   #22
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We buy new cars (with cash) and usually keep them for about 12 years.

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Old 09-13-2015, 11:26 AM   #23
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Had a '92 Honda Prelude which I bought new. In '98 I sold that and bought a new Toyota 4 Runner (decided I needed an SUV) with the notion of keeping it for 10 years. In 2008 I didn't really need to sell it so kept it and bought a '08 Infiniti G37 (went back in the other direction) to complement it, using the Toyota when a larger vehicle was called for.

To be technical, I've never used a dealer trade-in program.
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Old 09-13-2015, 11:46 AM   #24
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One 2005 Ford bought as a used rental late 2005 with 20K miles, now has 95K.

Second 2005 Ford bought used in late 2007 with 40K miles, now has 105K.

Newest is a 2011 Kia bought used in 2013 with 8K miles, now has 25K.

Have been buying 1-3 yr old used since 1995, keep until about 10 years old. Two of the above are due for replacement but may drag it out a bit as have two teenage drivers and waiting to see what makes sense once college factors in regarding the family fleet. Probably two years away. Could I afford newer?...probably as only withdraw about 1% of portfolio but college will increase withdrawals to 6% range for a five year period. LBYM is hard to break and as I've gotten older, cars have become just a utility item for me, little passion involved. All three are minivans and love their utility, whether towing a pop-up, utility trailer, hauling soccer team or Boy Scouts around, backpacking gear, bicycles, etc.
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Old 09-13-2015, 12:01 PM   #25
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I have been buying approx 2 year old vehicles. 97 Expedition bought in 99 still have it with 176K, it is my mostly daily driver. Wife's 08 Ford Edge bought in end of 09 and it now has 126K. So I guess my typical vehicle ownership is around 10-15 years to answer the original question. I did inherit my father's 88 Ford F-250, which he bought around 90 and I have now had since 2010. The only one that may go in near future is the Edge, as my wife would like an Explorer or similar.

However I have several (currently 8) old classic vehicles, that I can vary from owning a short 2-3 years, to very long. My current longest is my 68 GTO which I have had now for nearly 36 years. Next longest is my 38 Chevy at 20 years.
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Old 09-13-2015, 12:17 PM   #26
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I buy new and like to keep vehicles until at least 160k miles. But I'll probably start swapping out DW's car at around 100k now that we're not driving as much.

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Old 09-13-2015, 12:18 PM   #27
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I bought a diesel pickup new in 2002, and it's only got 125K miles. It my be the last truck I ever have to buy since the engines have a 400K lifespan. My Lexus IS has 100K miles, and it looks and runs like new. Our new Explorer is our people hauler, and we intend to keep it 10 years or more.

I've had over 100 new cars--most of which were company provided. Sure is different when you have to pay for your own transportation.
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Old 09-13-2015, 12:51 PM   #28
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About 5 years or so. I could drive them longer, but all I would be doing is saving more for my nephews and niece. I might as well enjoy something new while I can.
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Old 09-13-2015, 02:43 PM   #29
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Not only do I want to keep a vehicle until it dies, I'll often bring it back to life.

Last example was a 1996 Suburban. Bought it used during the same model year with 8K miles on it. Replaced the transmission with a crate transmission at 165K, then replaced the engine with a crate engine at 225K. Then in my 14th year of ownership someone T-boned me and totaled it. Replaced it with a cheap Kia Spectra and full intentions of seeing it outlast it's 10 year/100,000 mile warranty when a Nissan Titan rear-ended me and totaled it. Used the proceeds to buy a 2011 Kia Sportage which I really liked but it wasn't well suited to my new-found passion for off-roading so I traded it in this year on a new Jeep Wrangler that I fully intend on keeping for many years.
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Old 09-13-2015, 02:53 PM   #30
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We buy new and keep them until either reliability, parts availability, or repair costs become issues.

Current vehicles are a 2003 GMC full-size 4WD pickup with 94k miles and a 2014 Honda Accord with 28k miles. The Honda tends to be the daily driver unless we're going separate directions for some reason.
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Old 09-13-2015, 02:54 PM   #31
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Originally Posted by Birchwood View Post
So, how often do you trade?
"Trade?" What's that? By the time I'm done driving them, they are about 15-20 years old. There's not much "trading' value left in them, which is fine by me. It's way cheaper to get a good brand, take care of it, fix it when needed, and keep driving it as long as practical.

Newer cars do have better safety features, and that's worth considering, but I just don't put enough time behind the wheel to make the safety issue quite as important as when I drove more.
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Old 09-13-2015, 03:03 PM   #32
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Originally Posted by Looking4Ward View Post
my new-found passion for off-roading so I traded it in this year on a new Jeep Wrangler that I fully intend on keeping for many years.
I never really considered a Jeep before, but I recently drove a Grand Cherokee model SRT with full time AWD. Probably not a good choice for any serious off-roading but OMG, what a vehicle on the road.
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Old 09-13-2015, 03:13 PM   #33
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98 Lincoln Town Car bought in 2000 - w/20Kmi. now 120K mi. 18 yrs. old.
96 Cadillac bought in 2004 w/30K mi. now 78K mi. 20 yrs. old.

Town car cost $18K, Cadillac $5K Total cost $23K... total repairs for both cars over owned years... $3K, so, excluding, fuel, normal maintenance and insurance, Lucille and Beverly... (nicknames) each cost about $1K per year of ownership.

Both cars are white, w/blue convertible tops and look showroom new. Don't expect to ever buy another car.

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How often do you trade cars or trucks?
Old 09-13-2015, 03:27 PM   #34
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How often do you trade cars or trucks?

I keep all my vehicles a mimimum of 7 years, but aim for and often get close to 10. I take good care of my car and it looks and smells new to me almost to year 5 and 6. I resell them myself and always get KBB resale price with many thanks afterwords. I even got a gift card a year after my last sale the owner was so pleased.

My last two cars were Honda and the two prior to thst were Toyota. My resale values have returned approx. 30-35% of my original purchase price after 7-10 years of use.

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Old 09-13-2015, 03:42 PM   #35
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Our complete purchase history:

1982 Nissan Sentra bought new, sold in 1994
1986 Dodge Caravan, bought used in 1987, sold in 1997
1994 Geo Metro, bought new in 1994, traded in 2002
1996 Mercury Sable wagon, bought used in 1997, traded in 2002
2002 Hyundai Sonata, bought new 2002, sold in 2011
2002 Hyundai Elantra, bought new 2002, sold in 2015
2010 Hyundai Elantra Touring, bought new 12/31/2009, only has 22,000 miles on it.

So, it looks like we keep the cars we purchase for about 9.5 years, on the average.

There were also 3 cars that we were "gifted" with from various family members. The less said about those disasters, the better.
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Old 09-13-2015, 04:07 PM   #36
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I have a 2007 Subaru Impreza that I bought new with 81,000 kms (50k miles) on it. I'll probably keep it another 8-10 years and then treat myself with something new. By then, its trade-in value will negligible.
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Old 09-13-2015, 07:00 PM   #37
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Currently using '97 Camry (purchased new) with 200k that's still going strong, though I did have to invest in a new radiator and timing belt/water pump recently. The plan is to replace it once we start incurring substantial non-maintenance expenses.

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Old 09-13-2015, 07:34 PM   #38
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I'm quite surprised by how many buy new here. I thought I would be an outlier in that regard and most would be buying used.
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Old 09-13-2015, 08:30 PM   #39
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I buy new every 3-4 years. I drive about 30,000 miles per year commuting to/from work. I put about 70% of the miles on my new car, and 30% of the miles on a 14 year old SUV that has about 200,000 miles on it. I drive the old SUV to reduce the number of miles I put on the new car. I trade in every 3-4 years, before the odometer hits about 75,000 miles, because the resale value drops significantly afterwards.
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Old 09-13-2015, 09:47 PM   #40
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I buy new and keep them for a long period, my wife is the same.
Bought my current truck (GMC Yukon) new in 2002 and will get rid of it in 2017 when we retire from overseas (will be 15 years old then!). I do not work on them myself but I do try and keep them nice and maintained.
We will both purchase new vehicles in 2017 and keep them most likely for 10 years (either Yukon or Escalade for me and whatever the wife wants (pink color appears to be her only requirement! )).
We do have some thoughts of also buying a 3rd vehicle also, which will be a lil' older hotrod or something just for fun, figure what is the point of earning it if we don't plan on spending it?.

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