Mine is 7 years old and when it goes in a year or two...
This is the kind of thinking I disagree with.
My car is a 1989 model. It gets BETTER gas mileage than many of the new ones. Its MORE DEPENDABLE (it was rated best import luxary sedan in the US for many years), its PAID FOR, and its NOT going to "go" just because its older.
People have this crazy idea that old means it will "die". The older cars were made better!!! The newer the car, the more plastic and disposable parts.
I can do a LOT of repairs for what I would pay for a car payment plus insurance.
A few
myths:
Newer cars get better gas mileage. PROVE IT! Some of the old 80s VWs got MUCH better gas mileage than most of the brand new Hondas. Im my area, on Craigslist, theres a "WANTED 80s model Jetta, Golf, etc" listing almost weekly, because people know they are old, reliable, often last into the 400,000 miles of life (and more) range, etc. OK, Lets take Honda... in 1985 a Honda Civic got 38MPG. In 2008 it gets 36 MPG.
SUV: in 1985 a Chevy Suburban got 22 MPG. In 2008 it gets 20.
http://www.fueleconomy.gov/feg/findacar.htm See for yourself!
Look at the numbers for some of these old cars! My point is the automobile industry has NOT succeeded in lowering the MPG. If anything, it has risen.
Newer cars are more reliable!!! MYTH! My dad bought a brand new Dodge truck. In the first year he had it, it was in the shop 3 times, and it spontaniously caught fire a few months later. I have an 89 model car, and have only changed the oil, brake shoes, tires, fuel filter, and did tune ups. I've had it many years, and its the single most reliable car I have ever owned. Its an AMAZING vehicle. Fast, fuel effecient, smooth, reliable, etc. I would NEVER trade it in and go back to payments. AAMOF, its an OLD 1989 model, but I just purchased an assortment of high end car audio for it, and am wiring it for video as well. I plan to add ground effects, custom paint and graphics, and racing suspension and more engine mods as well. It has nearly 200,000 miles, and you will never convince me that it won't last to at least 400,000 miles.
"Its going to die at 100,000 miles; so you'd better sell it at 99,000". This one is really ridiculous. People ACTUALLY believe that crap too!!! My sister sold a RELIABLE VW Golf that had 500,000 miles on it!!!!
Did you know many of the Taxis in NYC have over a MILLION miles on them? So much for that "it will die at 100,000 miles" theory!
The point I am trying to make is don't fall for all that garbage the new car salesmen are trying to feed you. If you take care of a car (ANY CAR), and you do the maintenance to prevent serious problems, chances are it will last a long long time. Especially if its a better grade foreign car. A new car is no more going to be reliable or better on gas than an older one UNLESS you get a hybrid, and on that comparison, ONLY the gas mileage is better. Hybrids are still new. It will take a while to work out the bugs.
In reference to the OPs question... only for people who aren't properly informed.