Why We’re Keeping Our Cars Longer – And Why You Shouldn’t Cheap Out on Parts
Let’s be honest — buying a new car just isn’t what it used to be.
Not too long ago, you could grab a new ride for a decent price, pay it off in three to four years, and maybe trade it in for something fresh before the manufacturer’s warranty expired. These days? A semi-nice new car can easily set you back $50K or more, and people are financing them for 6, 7, even 8 years just to make the monthly payments manageable.