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re: The average car on the road is now nearly 13 years old, a record.
Posted on 10/20/26 at 3:03 pm to stout
Posted on 10/20/26 at 3:03 pm to stout
quote:
BREAKING: America’s $1.7 trillion auto loan market is headed for a crash, per Reuters.
Auto loans are now one of the biggest sources of household debt, bigger than credit cards.
And the strain is showing: 1 in 5 Americans is behind on at least one loan, the highest since 2010, and the average car on the road is now nearly 13 years old, a record.
How can the average car be 13 years old and debt be so high? Also prices are not going down so apparently this is not that big an issue.
Posted on 10/20/26 at 3:04 pm to stout
06 Chevy 1500. Got 215k on it.
Debating on selling it and buying another just slightly nicer one.
But my neighbor got a hybird Suv, Gets 50 MPG on the innerstated and 29 around town.
Blows my mind.
Debating on selling it and buying another just slightly nicer one.
But my neighbor got a hybird Suv, Gets 50 MPG on the innerstated and 29 around town.
Blows my mind.
Posted on 10/20/26 at 3:05 pm to stout
New vehicles are overpriced pieces of junk.
Most 13 year old vehicles will probably outlive a new vehicle.
Especially Trucks
Most 13 year old vehicles will probably outlive a new vehicle.
Especially Trucks
This post was edited on 10/20/26 at 3:06 pm
Posted on 10/20/26 at 3:10 pm to stout
Car 1: 26 years
Car 2: 13 years
Car 3: 2 years
Car 2: 13 years
Car 3: 2 years
Posted on 10/20/26 at 3:11 pm to stout
Probably a lot of old junk cars that's registered but barely see the road extending out the average.
My buddy has a 1980 C10 truck. A 2019 and a 2026. That makes their 3 vehicles avg to almost 18yrs old.
My buddy has a 1980 C10 truck. A 2019 and a 2026. That makes their 3 vehicles avg to almost 18yrs old.
Posted on 10/20/26 at 3:13 pm to boogiewoogie1978
quote:
How can the average car be 13 years old and debt be so high?
How many 3rd-owner luxury vehicles, Chargers, and Altimas are financed to the hilt parked in the front of Section 8 housing?
Posted on 10/20/26 at 3:25 pm to stout
Wife- 2 years old- (3 year lease).
Me- company vehicle with unlimited personal use for the past 25 years. All fuel/insurance/repairs provided. Company trades my truck about every 18 months-2 years or prior to 100,000 miles. Not a bad deal.
Me- company vehicle with unlimited personal use for the past 25 years. All fuel/insurance/repairs provided. Company trades my truck about every 18 months-2 years or prior to 100,000 miles. Not a bad deal.
Posted on 10/20/26 at 3:26 pm to stout
2012 FX4
2015 Explorer
Probably gonna buy two newer vehicles in the next 2-4 years, earlier if needed.
2015 Explorer
Probably gonna buy two newer vehicles in the next 2-4 years, earlier if needed.
Posted on 10/20/26 at 3:29 pm to stout
quote:
How old is your ride?
13 years old actually.
Posted on 10/20/26 at 3:41 pm to stout
1983 - 43 yrs
2011 - 15 yrs
2019 - 7 yrs
2011 - 15 yrs
2019 - 7 yrs
Posted on 10/20/26 at 3:43 pm to stout
2010 Honda Accord
2008 Chevy 2500 Duramax
2018 Toyota Highlander
frick a car payment.
2008 Chevy 2500 Duramax
2018 Toyota Highlander
frick a car payment.
Posted on 10/20/26 at 3:49 pm to Arkapigdiesel
My truck-12 years old
My wife’s- 4 years old. Bought used 2 years ago to replace a14 year old Expedition with 296,000 miles
My wife’s- 4 years old. Bought used 2 years ago to replace a14 year old Expedition with 296,000 miles
Posted on 10/20/26 at 4:20 pm to stout
2021 Ram.
I'll likely trade it in once the extended warranty ends because I know that MGU is a ticking time bomb on the eTorque Hemis.
I'll likely trade it in once the extended warranty ends because I know that MGU is a ticking time bomb on the eTorque Hemis.
Posted on 10/20/26 at 4:45 pm to stout
2012 f150 hanging in there.
Things that are newer and worth more: SXS, bicycles, skid steer and excavator.
I looked at trucks and just couldn’t pull trigger with those prices.
Things that are newer and worth more: SXS, bicycles, skid steer and excavator.
I looked at trucks and just couldn’t pull trigger with those prices.
Posted on 10/20/26 at 5:26 pm to YOURADHERE
quote:
14 year old F250, bought new in 2012
I know that truck. Lol
Posted on 10/20/26 at 5:44 pm to stout
My car is 27 years old. What do I win? Hopefully, a new car.
Posted on 10/20/26 at 5:46 pm to stout
My daily has 265,000 miles and I plan to drive it much longer. I usually have a second fun car but I don't right now.
Posted on 10/20/26 at 5:57 pm to stout
I'll give up my 2011 Crown Vic Police Interceptor when you pry it from my cold dead hands.
Posted on 10/20/26 at 6:33 pm to YOURADHERE
quote:
14 year old F250, bought new in 2012 and it's ~140 miles away from crossing 200,000 miles. It's getting a new AC compressor, new ball joints, and some other service items soon.
I’m at 242k ish. Same truck/year
Replaced ac compressor a while back. May need to check my ball joints. My truck has felt little off lately.
Posted on 10/20/26 at 7:05 pm to stout
I traded in a 2012 Camry and a 2013 Highlander in December of 2025. Got a 2025 Rav4. Paid the balance of the car. It was exactly half the listed price with the two trade-ins. Hope I can drive it for 12-13 years.
This post was edited on 10/20/26 at 7:09 pm
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