Automobiles

The Average Age Of U.S. Vehicles Keeps Going Up

I used to think that owning a 10-year-old vehicle was a wonderful financial accomplishment. It signaled frugality, discipline, and appreciation for what you have. However, the latest average age of U.S. vehicles from an S&P 500 Global Mobility report shows Americans are keeping their vehicles much longer than ten years or buying older vehicles on

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The Biggest Benefit Of Driving A Cheap Old Car: Better Mental Health!

If you’re thinking about driving a cheap old car, I think you should. The benefits of driving one far outweigh the joy of driving an expensive new car. Something disappointing happened on the last day of our Lake Tahoe vacation. After loading up the car I swung around to the driver’s side. There, I saw

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A Surprising Benefit Of Driving A Luxury Automobile You Might Not Realize

Before I was addicted to real estate, I was addicted to cars. At one point, I had owned eight cars over a 10-year period. And out of those eight cars, one was considered a luxury automobile: the Mercedes G500. Buying a G-Wagon in 2002 was one of my biggest financial regrets. Thankfully, once I became

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Getting An Electric Vehicle May Finally Be Worth It

Despite being a shareholder in Tesla stock since early 2018, I’ve held off on buying an electric vehicle. With limited funds, it always felt better to invest $50,000 in the stock for potential profit than spend $50,000 on a base-model Tesla car. Besides, I had just bought a 2015 Range Rover Sport in December 2016

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How To Avoid Buyer’s Remorse When Purchasing An Expensive Vehicle

When it comes to cars, buyer’s remorse is the worst because there’s no return policy. Once you buy your car, it steadily depreciates in value over time. If you buy a new car, the depreciation curve over the next three years is the steepest. Therefore, you had better buy a car you really love, responsibly.

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