Keep Driving And Save 31K $$$$$$
#1
09-01-2007, 12:11 PM
Keep Driving And Save 31K $$$$$$
Drive your car to death, save $31,000
By keeping your car for 200,000 miles or more, you can save the money of buying a new car.
August 31 2007: 1:53 PM EDT
NEW YORK (CNNMoney.com) -- By keeping your car for 15 years, or 225,000 miles of driving, you could save nearly $31,000, according to Consumer Reports magazine. That's compared to the cost of buying an identical model every five years, which is roughly the rate at which most car owners trade in their vehicles.
In its annual national auto survey, the magazine found 6,769 readers who had logged more than 200,000 miles on their cars. Their cars included a 1990 Lexus LS400 with 332,000 miles and a 1994 Ford Ranger pick-up that had gone 488,000 miles.
Consumer Reports calls the Honda Civic a "Good bet" to make it to 200,000 miles.
Calculating the costs involved in buying a new Honda Civic EX every five years for 15 years - including depreciation, taxes, fees and insurance - the magazine estimated it would cost $20,500 more than it would have cost to simply maintain one car for the same period.
By keeping your car for 200,000 miles or more, you can save the money of buying a new car.
August 31 2007: 1:53 PM EDT
NEW YORK (CNNMoney.com) -- By keeping your car for 15 years, or 225,000 miles of driving, you could save nearly $31,000, according to Consumer Reports magazine. That's compared to the cost of buying an identical model every five years, which is roughly the rate at which most car owners trade in their vehicles.
In its annual national auto survey, the magazine found 6,769 readers who had logged more than 200,000 miles on their cars. Their cars included a 1990 Lexus LS400 with 332,000 miles and a 1994 Ford Ranger pick-up that had gone 488,000 miles.
Consumer Reports calls the Honda Civic a "Good bet" to make it to 200,000 miles.
Calculating the costs involved in buying a new Honda Civic EX every five years for 15 years - including depreciation, taxes, fees and insurance - the magazine estimated it would cost $20,500 more than it would have cost to simply maintain one car for the same period.
#4
09-03-2007, 09:42 AM
I musta saved a milion dollars through the years, 200,000 miles is about the time usually bought em. This truck is the first car or truck I've ever owned that had under 100,000 on it when I got it. I bought it new and I better get more then 225,000 out of it, cause it's over 200,000 now and I aint got no plans for replacin it.
