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View Poll Results: How long will you keep your car?
Up to 5 years 8 8.51%
6 or 7 years 12 12.77%
8 to 10 years 12 12.77%
10+ years 22 23.40%
Until it dies 40 42.55%
42 0 0%
Voters: 94. You may not vote on this poll

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  #1  
Old 07-27-2012, 09:33 AM
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Default How Long Will You Keep Your Car?

According to the article, the distribution of Americans intend to keep their cars for these lengths of time. What about actuaries?

3 to 5 years - 3%
6 to 7 years - 4%
8 to 10 years - 15%
10+ years - 35%
Until it dies - 43%






Replace your car soon or drive it until it dies?

By Tara Baukus Mello · Bankrate.com

Wednesday, July 25, 2012

Posted: 6 am ET


Americans have no plans to replace their cars every few years, even if the economy is fine, according to a survey by AutoMD.com, a free auto repair website owned by US Auto Parts Network.

Just three percent of the more than 4,000 car owners surveyed said they plan to replace their car every three to five years, and just four percent pegged buying a replacement at six to seven years. A whopping 78 percent of those surveyed said that they would keep their car "more than 10 years or until it dies," while the remaining 15 percent of owners said they'd replace their cars every eight to 10 years.


Read more: Replace your car soon or drive it until it dies? | Bankrate.com http://www.bankrate.com/financing/ca...#ixzz21pUJPqGO
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"No one remembers 5K and I wrote a nice poem for the occassion. No one remember's 10k. No one will remember 20k either." - Sir Post-A-Lot

"One of the ordinary modes, by which tyrants accomplish their purposes without resistance, is, by disarming the people, and making it an offense to keep arms."
-- Constitutional scholar and Supreme Court Justice Joseph Story, 1840

"The problem with socialism is you eventually run out of other peoples' money." -- Margaret Thatcher

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Old 07-27-2012, 11:40 AM
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Until I finish my exams. So another 8-12 years.
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  #3  
Old 07-27-2012, 01:17 PM
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I had my 95 Escort for 200,000 miles and 15 years. I would have kept it longer, but I got a newer car for free, so I gave the Escort to a young couple in my church that had just gotten married and needed a second car.
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  #4  
Old 07-27-2012, 01:33 PM
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I'm currently driving a vehicle acquired new in 2003. I'll probably hold onto it for at least two more years.
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  #5  
Old 07-27-2012, 01:40 PM
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I expect that at around 10 years I'll feel like i'm driving a super old car and it'll be time to upgrade, plus, I expect cars in 10 years to be pretty kick ass
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  #6  
Old 07-28-2012, 07:49 AM
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after 24 votes the actuarial sample is beginning to mirror the population. kewl.
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Spoiler:
* * * * * *
"No one remembers 5K and I wrote a nice poem for the occassion. No one remember's 10k. No one will remember 20k either." - Sir Post-A-Lot

"One of the ordinary modes, by which tyrants accomplish their purposes without resistance, is, by disarming the people, and making it an offense to keep arms."
-- Constitutional scholar and Supreme Court Justice Joseph Story, 1840

"The problem with socialism is you eventually run out of other peoples' money." -- Margaret Thatcher

"Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master." -- George Washington

"Caca pasa" - Anonymous
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  #7  
Old 07-28-2012, 08:15 AM
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Well, since my "new" car is an '04...

Yeah, we do seem to mirror the population. Those stats sound like the poll options weren't ideal.
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  #8  
Old 07-28-2012, 09:20 AM
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I drive my cars until they start needing a lot of repairs. Then it's just too much trouble, so I buy a new one.

Bruce
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  #9  
Old 07-28-2012, 09:29 AM
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Hasn't the average length of ownership now nearly doubled? I was researching this the other day, I want to say the average length of ownership was 38 months in the early 2000's and its hovering around 78 months right now I think.

The car loan data is not bad to look over too.
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  #10  
Old 07-28-2012, 11:21 AM
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my employer replaces my car every 5 years
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