Mike Hunter Because some drivers trade cars every 3 years, 2 years or even every year doesn't make the practice sound financially. I've been out looking for used cars for my kids and have seen 1 year old cars with 10,000 miles for sale. The dollar hit those people take is incredible!
Cars can most certainly be driven for 15 years and for 300,000 miles...I've done it. And it is clearly less costly than trading new cars every two years.
The people that do minimize the cost of car ownership are those who pick up low milage late model used cars, maintain them well and and drive them for hundreds of thousands of miles.
Your suggested figures do not including the cost of replacing the
You are replacing cars every 2 years. Consequently your replacement cost is extremely high because you are absorbing the first two years of depreciation on each of the 8 cars you will buy. In my example the cost of the one car is taken once up front. In your example you pay $8,000 every 2 years over and over. If you don't believe me ask your accountant, or ask Click n Clack, the Car Guys. Or ask a mechanic. Ask anybody but the guy that is selling you a new car every 2 years.
The luxury of owning a new car every two years comes at a tremendous financial price. But it would be fun to do so.
No, a five year warranty comes with many cars and on the last car I bought (and many others) it includes five years of dealer service.
