More than likely, when you invest money into a new car, hopefully, it’s something that you love for one reason or another. Whether its practicality, cost-effectiveness, technological attributes, design aspects, or what have you, there are several things that make you decide on the car you end up with. But the question remains of how long you will have that car.
Honestly, there is no definitive answer for how long you should keep your new car. Many things should be factored in. It mostly depends on your car (make/model), and you, the driver. Some vehicles are simply built better than others, causing them to last longer without significant and expensive problems than others. And even with some cars being built to last, there’s still the matter of who is driving them.
You can have a car from 1955 still driving around just as well as it did 60 years ago, simply because the owner of it took great care of it. Performing by-the-book oil changes, fixing any issues, and routinely servicing them at the recommended intervals can greatly increase the life of a vehicle. However true this may be, there still lies the issue of whether or not you actually desire to keep that car.
Various things, mostly technologically speaking, can cause for one to want to seek a newer, more contemporarily practical car. For example, a car built in 2003 will probably have a CD player, but more than likely be missing an AUX input, and most definitely won’t have a USB connection to plug your smart devices into. Aside from convenience factors, safety features will have gotten an upgrade in newer models as well. Backup cameras, lane departure, side airbags, etc. All of these things are meant for you to have a safer ride, and that is very likely important to you.
So time-wise, the average age of a modern car is about 11.4 years, while the average length of time a person keeps their new car is about 71.4 months – or 6 years. So theoretically, you can keep your new car forever if you take good care of it, but chances are, you just won’t want to. Whether it becomes more cost-effective to buy a new car, or your preferences and needs change, you’ll likely be looking for an upgrade at some point.