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by bluGill
19 days ago
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You can do that just be aware that you will eventually be spending more than just buying a new car just to keep the current one in good repair. Car collectors get around this because they use have a different car as the daily driver, and their collected car is repaired and only used in parades and such. You are also turning away a lot of the advances in electric vehicles. Paying for gas in your old car, could be more than payments on a brand new electric car. (that would require a lot of driving.) |
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I'm pretty sure you haven't run the numbers on this assertion. That would be essentially impossible.
Average new car price in the US is near $50,000:
https://www.forbes.com/sites/antoniopequenoiv/2025/10/13/ave...
The absolute cheapest new cars in the US are around $24,000:
https://www.cars.com/articles/here-are-the-10-cheapest-new-c...
$24K buys you an astonishing amount of maintenance! Unless you're talking doing a restoration on a collectible car, it's basically impossible to spend that much.
I like old cars so I know. I drive one car from the 70s, one from the 80s, two from the 90s, one from the 00s and one from 2010s (pre-screen era). All those cars put together I haven't spent $20K in maintenance over the last decade.
If a new car makes you happy and you can afford the depreciation, get one. But if the criteria is saving money, get an old car and maintain it forever.