Ride your vehicle till the wheels fall off, or sell it off before it depreciates too far?

Money wise, you drive till wheels fall off

Till the wheels fall off or it becomes a money pit

All depends on the make and model. Some depreciate faster than others. Lots of variables but usually the best bet is to ride that one and save the interest. Most, but not necessarily all, vehicles do not retain enough value to overcome the savings with interest and opportunity cost of the dollars you aren't paying for the note.

I regretted trading in one of my previous cars instead of repairing it.

My 03 F150 has 199k on it. Haven't had a note in 10 years. I am driving until the wheels fall off. Everything works fine and haven't had any major repairs. I love that truck. Would like to hit 250k. I have seen some friends go through 3 trucks in that time period.

Strictly financially, buy a brand new minimalist vehicle and drive it until it no longer can get you from A to B.

Yeah I understand, part of me wants one of these new fancy trucks that you see around now these days but I have a truck that's paid for now and is still running good. Just don't want to get into debt just because, but it is tempting.

quote:

---

buy a brand new minimalist vehicle

---

really zero reason to not grab a vehicle w sub 20k miles and not take the new car depreciation hit

Of course it is tempting. But I enjoy the money I save. I will say, of I was single and still chasing tail, I would upgrade. But I live the married with kids life.

Til the wheels come off, get more wheels and ride it some more.