It always struck me as odd people buy cars so often. My first car I drove into the ground (quite literally at the end!), and my current car has been chugging along for over a decade with no end in sight. A car loan is one of the larger expenses the average household has, and it is one of the expenses that can be reasonably paid off within just a few years.
I got an electric vehicle, and I’m worried about the post battery warranty period. Do I keep it after 8 years and hope the battery doesn’t go out, or do I say fuck that risk and get another one to drive until it’s battery warranty is up too.
Since it sounds like your car is currently reliable, you have the choice of ‘paying for a new car now’ and ‘maybe have to pay for a new car in the future’. The latter is the less expensive option.
Edit: Even when considering the trade-in value of a car goes down as it ages, as a new car devalues much, much faster.
It always struck me as odd people buy cars so often. My first car I drove into the ground (quite literally at the end!), and my current car has been chugging along for over a decade with no end in sight. A car loan is one of the larger expenses the average household has, and it is one of the expenses that can be reasonably paid off within just a few years.
I got an electric vehicle, and I’m worried about the post battery warranty period. Do I keep it after 8 years and hope the battery doesn’t go out, or do I say fuck that risk and get another one to drive until it’s battery warranty is up too.
Since it sounds like your car is currently reliable, you have the choice of ‘paying for a new car now’ and ‘maybe have to pay for a new car in the future’. The latter is the less expensive option.
Edit: Even when considering the trade-in value of a car goes down as it ages, as a new car devalues much, much faster.