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GasBuddy News Article

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Most people waiting up to 10 years to buy a new car

USA Today -- People aren't going to buy cars every two or three years anymore, an automotive website says based on an unscientific poll it conducted online.

Now, 78% of the more than 4,000 people polled by AutoMD.com says they will keep their cars at least 10 years.

"What is most compelling is that longer ownership has become an embedded habit for car owners, regardless of what the economy does," said Brian Hafer, a vice president at AutoMD.com. "This significant lengthening of the ownership cycle looks like it is here to stay."

Well, cars are better than yesterday. They don't rust out anymore, and with proper care and more global warming we have no doubt they can survive at least a decade. But when the economy improves, we're not convinced the siren call of the local car dealer won't be more ...


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Submitted Jul 25, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Most people waiting up to 10 years to buy a new car Back to Topics
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RONALD777
Champion Author Houston

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Message Posted: Jul 27, 2012 4:44:32 PM

As long as the economy is in the toilet this will not change.
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DesertRat2011
Champion Author Riverside

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Message Posted: Jul 27, 2012 11:02:41 AM

I priced a new Ford F-350 diesel $60K+ I'm looking at used 2008 for half that price. I'll never buy new again!
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sobanek
Rookie Author New Jersey

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Message Posted: Jul 26, 2012 2:34:27 PM

I'd never buy a brand new car, they lose on value way too much.
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gas_too_high
Champion Author Columbus

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Message Posted: Jul 26, 2012 7:56:38 AM

That's a sensible habit. Buying a new car every 2 or 3 years is an extravagance to most of us, unless we use a car for business purposes and need a new or close-to-new car for appearance sake (say, for sales).

But buying a new car, as opposed to a good used car, is also usually not necessary. Car leasing has resulted in a large supply of late model used cars on the market, many still under warranty. And you avoid either the instant depreciation of driving a new car off the lot, or the complexity and lack of ownership of leasing.

GTH
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pyndasky
Champion Author Maryland

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Message Posted: Jul 26, 2012 4:09:59 AM

18 years and counting with our Volvo 240
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MAC48
Champion Author Dallas

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Message Posted: Jul 26, 2012 12:51:14 AM

We typically drive our vehicles at least ten years and more if they are running well and still meet our transportation needs. We have been following this personal policy for the last twenty years. At the cost of todays vehicles, it just makes sense to drive then until the "wheels fall off" as long as the vehicle meets your needs.
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Vette1967
Champion Author Albany

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Message Posted: Jul 26, 2012 12:51:00 AM

That sez it all about the economy.
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WCCurtis
Champion Author San Bernardino

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Message Posted: Jul 26, 2012 12:19:48 AM

My Hyundai Santa Fe is 8 years old and at this moment will drive it until it stops.
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Sneakers55
Champion Author Houston

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Message Posted: Jul 26, 2012 12:09:52 AM

I have driven cars anywhere from four to seven and a half years. The length of time I keep them usually depends on how long they are fun to drive. Cars that go to the shop a lot are by definition never fun to drive. A Ford Escape will stay fun to drive a long time for me, in fact I replaced a totaled Ford Escape Hybrid Limited with a Ford Escape XLT. All I miss is the gas mileage of the hybrid and the rear backup camera.
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rahcat
Champion Author Grand Rapids

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Message Posted: Jul 26, 2012 12:07:22 AM

I'll keep mine until the wheels fall off.
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jetskijerry
Champion Author North Carolina

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Message Posted: Jul 26, 2012 12:05:58 AM

even longer
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v8gazguzler
Champion Author Ottawa

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Message Posted: Jul 26, 2012 12:05:07 AM

I drive 60,000km in 15 to 18 months and that's when I trade in my vehicle for another.. That way it still has some value at trade-in and the only maintenance I need are 8 to 10 oil changes and everything else is covered by the warranty. Cheers!
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Dodge_Me
Champion Author Atlanta

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Message Posted: Jul 26, 2012 12:03:01 AM

Yep
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ty58
Veteran Author Akron

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Message Posted: Jul 25, 2012 11:59:57 PM

ok
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umitb
Champion Author Indianapolis

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Message Posted: Jul 25, 2012 11:59:35 PM

ok
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jorja13
Champion Author British Columbia

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Message Posted: Jul 25, 2012 11:59:29 PM

I don't know anyone that used to get a new car every 2 or 3 years unless it was leased for business, then it made sense. My car is almost 7 years old and it has under 100,000k on it........should be good for at least another 7 years!
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srchr
Champion Author San Jose

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Message Posted: Jul 25, 2012 11:58:14 PM

my mercedes is an '86 and still runs fine
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gizmojoe
Veteran Author Ontario

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Message Posted: Jul 25, 2012 11:57:08 PM

I think that is a bit of a stretch I'm thinking more like 5 to 7 years.
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aggietim
Champion Author Fort Worth

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Message Posted: Jul 25, 2012 11:56:32 PM

that's about right
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Shakleelady31
All-Star Author Fort Wayne

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Message Posted: Jul 25, 2012 11:56:23 PM

Interesting.
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TFowler513
Champion Author Memphis

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Message Posted: Jul 25, 2012 11:55:58 PM

run them until the wheels fall off!!!
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driver169
Champion Author New York

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Message Posted: Jul 25, 2012 11:47:54 PM

My 5 year old car has 17,000 miles on it. I guess it's good for another mile or two.
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bston
Champion Author Oklahoma City

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Message Posted: Jul 25, 2012 11:45:55 PM

Prices will probably come down as technology advances, so folks may or may not turn their vehicles more often.
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jessek
Champion Author Detroit

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Message Posted: Jul 25, 2012 11:43:51 PM

A bit of a stretch
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jrsva
Champion Author Virginia

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Message Posted: Jul 25, 2012 11:40:53 PM


Vehicles are better made in most respects than they used to be. My previous pickup truck lasted 30+ years. My current one is now 14 and I hope I can get another 20 out of it.
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Jeeputtputt
Champion Author Ohio

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Message Posted: Jul 25, 2012 11:40:05 PM

26 years on my jeep..
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Is246
Champion Author Albuquerque

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Message Posted: Jul 25, 2012 11:39:28 PM

I wait.
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Johnnyrebell12
Champion Author Massachusetts

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Message Posted: Jul 25, 2012 11:38:17 PM

Yeah but if your having problem best to get rid of it before the mileage gets to high
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N5EXY
Champion Author Austin

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Message Posted: Jul 25, 2012 11:37:32 PM

I must be one of "the most". I have a 1982 F150, a 2004 Marauder, and have only sold/traded one car in my life that had less than 100,000 miles. They are building 'em better - and - they are more expensive. If you maintain one properly, it will last. The F150 has 225,000 miles so far.
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jlisk1970_us
Champion Author St. Louis

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Message Posted: Jul 25, 2012 11:36:10 PM

Not sure how long I will have my truck this time. Maybe it will put pressure on auto makers. I don't care about them.
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DrLyon
Champion Author Michigan

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Message Posted: Jul 25, 2012 11:33:52 PM

Building cars better = Don't have to buy new so often...
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Jeannemarie
Champion Author Las Vegas

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Message Posted: Jul 25, 2012 11:29:56 PM

Let's just see here, I bought my Prius brand-new off the boat in 2006 and have barely managed to get to 14,000 miles so at that rate I will drive it until I reach 100, or they take away my license, before it will be broken in good. Haha!!
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Jul 25, 2012 11:28:58 PM

We like to trade our vehicles in every 4 to 5 years. I want to trust my car when I am alone and far away from home. Also, many warranties last until the 4 to 5 year mark. So most anything that goes wrong other than normal wear and tear will be covered and nothing will come out of your pocket.
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snerd
All-Star Author Pennsylvania

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Message Posted: Jul 25, 2012 11:27:41 PM

I put too many miles on my vehicles, so I run them as long as I can. 12 years on my previous vehicle that was 5 years old when I bought it.
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sjambok
Champion Author Nashville

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Message Posted: Jul 25, 2012 11:26:43 PM

Just 10 years?? LOL I kept my last one nearly 20, and will only buy with cash, which means no new car.
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mstearno
Champion Author Dayton

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Message Posted: Jul 25, 2012 11:25:35 PM

buy used save money
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saleboss
Champion Author Phoenix

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Message Posted: Jul 25, 2012 11:25:14 PM

Most people can't afford to pay their cars off in under 10 years!
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Beaveronparade
Champion Author Hartford

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Message Posted: Jul 25, 2012 11:24:27 PM

Most people I know cannot afford one even if they need one because of the economy. It's pretty sad.
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Jul 25, 2012 11:22:54 PM

This is short of my wait. I go up to 17 years or until the vehicle nickles and dimes me.
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Jul 25, 2012 11:20:12 PM

Depends price!!!!!
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abcdMA
Champion Author Worcester

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Message Posted: Jul 25, 2012 11:19:34 PM

my vehicles are 17 and 14 model years old, and still running!
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treeguy
Veteran Author Wisconsin

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Message Posted: Jul 25, 2012 11:18:00 PM

I plan on waiting infinitely to buy a new car.
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txkrb
Champion Author Texas

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Message Posted: Jul 25, 2012 11:17:43 PM

I always but new and never have major repair issues,
My stepson buys used (1-2 yrs old)and has problems with most of them he buys
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carloco75
Champion Author Richmond

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Message Posted: Jul 25, 2012 11:17:37 PM

The only reason I didn't wait until the 10 year mark was because I couldn't take driving a manual any more, after 14 years...also I knew I would be able to get a great interest rate...thanks to the "housing market"...my credit was going into the toilet which ment i would have ended up paying way way way more than 2% interest...
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bigdipperMS
Champion Author Mississippi

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Message Posted: Jul 25, 2012 11:17:36 PM

I'm driving a 2001 F-150 extended cab with 120000 plus miles and doesn't use any oil and has a great air conditioner. I don't plan on replacing it and expect it to outlast me.
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Bonito
Champion Author Dayton

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Message Posted: Jul 25, 2012 11:16:55 PM

Why buy a new one if the old one works and runs well! I can buy a lot of gas with a car payment! Lower the price with all the health car and retirement that car companies took away!
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DEG
Champion Author Las Vegas

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Message Posted: Jul 25, 2012 11:15:26 PM

I plan on keeping my vehicles at least until they have 250K miles (between 15 and 20 years).
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txkrb
Champion Author Texas

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Message Posted: Jul 25, 2012 11:15:20 PM

I waited 10 years last time, and I am starting to look at replacing my current vehicle which is 10 years old
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petrpuck
All-Star Author Hamilton

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Message Posted: Jul 25, 2012 11:15:10 PM

yup. never buy new. Drive til they die
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naiiawah
Champion Author Boise

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Message Posted: Jul 25, 2012 11:14:52 PM

Waiting more than 10 years to get a "new to me", but otherwise used car in my case.
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