Re: O.T. trading vehicles

Posted by Red Dave on January 17, 2005 at 06:57:10 from (24.104.94.34):

In Reply to: O.T. trading vehicles posted by yo from ontario on January 16, 2005 at 18:08:01:

I like to buy new then run them a long time. My current everyday driver is a 1990 year old Jeep Cherokee that I bought new. I expect to get a few more years out of it. At this point it's way beyond a reasonable trade-in or resale value, so I may as well run it.

I read an article some time ago where a guy said the total cost of ownership was least when you buy a used 4 or 5 year-old car, run it for 2-3 years, then get rid of it and get another. he claimed to be looking at everything, purchase cost, maintenance, insurance, resale value, etc. The way he put it sounded plausible, but I didn't check his math so I don't know if he knew what he was talking about, or was full of it.

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