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Americans keeping their autos longer than ever

I have a 2007 Subaru Imprezza with only 50k on it. I retire in 5 years and at that point it will be 10 years old with 100k on it, but will be close to worthless on the open market. I plan to make it my winter car as it has heated seats and all wheel drive.

I will then buy a 4-5 year old car for summer driving...maybe a Mercedes convertible.
 
I always sell for as much as I paid. Except the first one. I lost about 1k not bad for a 1 year old vehicle with an extra 40k.

On the occasion I sell one of my heaps (versus junking them) I make money. I have gotten several free cars through the years from customers that give up on them, and some I've just flipped as parts cars, some I've fixed and driven, the rest were fixed and sold, all at a profit. I've also bought dirt cheap cars, driven them for awhile, and sold at a profit. The last one I did that with was a 94 Plymouth Colt. I bought it for $200, drove it for six years and sold it for $400.
 
On the occasion I sell one of my heaps (versus junking them) I make money. I have gotten several free cars through the years from customers that give up on them, and some I've just flipped as parts cars, some I've fixed and driven, the rest were fixed and sold, all at a profit. I've also bought dirt cheap cars, driven them for awhile, and sold at a profit. The last one I did that with was a 94 Plymouth Colt. I bought it for $200, drove it for six years and sold it for $400.

I did that a couple of times.

1.)I had a '66 Dodge Stepside pickup that the original owner had removed everything unnecessary from it and turned it into a hunting buggy. Then he had a heart attack and didn't use it. His son found it on the hunting land SEVENTEEN YEARS later. All he had to do was to replace the tires, hoses and belts, charge the battery, refill the tank and he drove it into town to register it. He sold it to me for $500. I drove it for two years and the body fell apart, then sold it to someone who just wanted the engine (a 225 Slant Six) for $750.

2.)My last wheels before going in the Navy was a '72 Nova that I bought for $200 and sold right before leaving for boot camp $300.
 
I have a 2002 Mazda Protege, 243000km. Very little rust and they salt the heck out of the roads around here. I take care of it and have it undercoated every year and the guy that had it before me did the same. That makes a huge difference if they use salt on the roads. I plan on getting another 200000km out of it and that shouldn't be a problem at all.

My wife has a 2010 Kia Forte (fantastic car BTW) with 33000km on it. I don't like the payments, but it is a great car and I have zero complaints about it. It gets undercoated every year and I plan on getting at least 400000km out of it.

I have no problem driving a car until it quits. I grew up with my parents paying around $3,000 for a car and driving it for five years until it died while putting very little money into it. I plan on doing the same thing for the rest of my life.

lowsound
 
burk48237 said:
Well, if my 329,500 miles on essentially the same vehicle is any indication that may be a while. I would by another on used in a heartbeat if they got better gas mileage, but I doubt I get 18 on the highway.

I really love mine but I drive 80 miles round trip to college 4 days a week, so I'm totally with you on the mileage! Great car to haul gear in, but not that good at all on the mpg!