Quote:
Originally Posted by adhrp
I don't think of cars as casually as smartphones, so I hold on to them long term. Both our cars are almost 7 and 8 years old now. I don't DIY, but both cars have been rock solid reliable (Toyota & BMW; seems to jive with the latest Consumer Reports ratings). Maintenance costs have been reasonable...nothing needed outside of routine maintenance. The bimmer is at 86k miles now and hope to take it to the ballpark of 150k before I replace it.
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Interesting analogy about smartphones. I tend to get a new one every year or so. My logic is to get the most expensive feature packed phone, currently the iPhone XS Plus, which cost $1300 iirc then sell it the next year while the value is still high. Unlike cars, depreciation is not steep. It actually gets worse over time instead of losing most initially. I can sell this phone for $900 next year bringing the total cost to $1300-900=$400.