View Full Version : Really, how often do people change car every 4 years?
lennyd43 05-04-2008, 08:28 AM I was looking online for Accord coupe video and come upon this...
This youtube video basically shows 6 cars this guy owned in 4 years before he bought Accord Coupe 08.
Cars he owned include
Audi TT
350Z
Mercedes c230
Lancer Evo
another Accord
and some more Mercedes
http://www.youtube.com/watch?v=fDFI7WDtoW4
I guess he can do whatever he want when he has that much money but is it that necessary? I mean some of the cars he had were nice!
Anyways, he thinks he will keep Accord Coupe longer than his previous cars...:thmsup: We shall see.
Alright...back to doing research
Left-Laner 05-04-2008, 08:48 AM I usually look at a change every 4 to 5 years. Every time I buy a car, I always say that I will drive it until the engine dies (oh wait....that doesn't happen to a Honda, right?:lmao:), but all it takes is a redesign or a brand new model and that original plan of "drive it til it drops" no longer applies :D
My last few cars:
1993 Saturn SL1 (owned 94-97)
1997 Saturn SC2 (owned 97-02)
2003 Accord LX-G (owned 02-05)
2005 Accord EX-V6 (owned 05-present)
2008 Accord EX-L NAVI (owned Dec 07 - present)
gtspaceii 05-04-2008, 09:48 AM ...Every time I buy a car, I always say that I will drive it until the engine dies... ...but all it takes is a redesign or a brand new model and that original plan of "drive it til it drops" no longer applies :D ...
Same here.
But, my 99 Accord was T-boned by an 80y/o lady driving a red crapolier (cavalier, I hate those cars!). My replacement 02 Altima was a great car but when the MAF sensor kept on going out (600 bones a pop, long story about the dealerships on that one) I traded it in for an 05 Mazda3 SP23. My wife's 2000 Sentra was traded in for the 04 Kia Sorento due to my wifes reaction (safety concerns of the Sentra) of my 99 Accord accident. Then, I left to Afghanistan, my wife started driving the Mazda3 (she took over that car). When I got back, I didn't want to drive the Sorento, so I traded it in for the 07 Accord. Due to safety concerns with driving the Mazda3 in the winters of the North country, my wife and I decided to trade that car in for an all wheel drive 08 Legacy.
I want to keep my 07 Accord "for life" but I am so tempted by the 08 Accord coupe. :dunno: ...hence, new design...
I was looking online for Accord coupe video and come upon this...
This youtube video basically shows 6 cars this guy owned in 4 years before he bought Accord Coupe 08.
If you need to finance your purchases, then it is nothing but a waste of money/show off if you ask me. Well, it's a waste of money anyways, replacing it every two-three years, but if you need to finance it, than all I can wish someone like that is good luck financially in the future.
honda761 05-04-2008, 01:06 PM The guy was probably doing that when home prices where skyrocketing in many area of the States. Now that the party is over maybe for a long time, so is car flipping.
andysinnh 05-04-2008, 02:19 PM For me, in my 30+ years of owning cars, the average ownership period for each vehicle has been 3 years - and that's for both my wife's car and mine - alternating so that appx every 18 months a new car rolls into the driveway. We go through stretches where we are convnced we'll keep it longer, and sometimes we do, but other times we get a car that we regret getting and decide to leave it early and take the bath. Fiscally responsible? Likely not - but we're pretty stable when it comes to other things (same house for 26 years, almost paid off, for example). Recently, we've leased our Hondas with $0 down and a 3 year lease, and get vehicles that are at the LX model so the payments are pretty cheap. Our current vehicles are a mix:
'05 Accord - now son's car - bought for $2500 under sticker, 3 yrs this month - his that he'll keep after he graduates next year and starts teaching
'06 Pilot - $0 down lease for another year - under mileage limit - vehicle used for towing and for middle son to use during summers and his co-op while in college
'07 Freestyle - bought at $4500 under sticker - 1 year into ownership - wife so enamored with this vehicle she's talking about keeping it for 5+ years (time will tell on that one.. :-) )
'07 Montego - bought at $8500 under sticker as leftover - 3 months into ownership - still smiling when I look at it - perhaps the style fits my needs now that I'm into the second half of the first century of my life :thmsup:
andy
jang859 05-04-2008, 03:07 PM how did you get it for so cheap?
does this support the quote in my car and driver:
"It's possible the sun could extinguish in the next five days." - When asked whether Mercury would be killed off. Ford of the Americas executive vice-president Mark Fields provided some comforting words. Car and Driver, June.
Ridiculous. Some people have too much money and time on their hands. Truthfully I thought car flipping under five years was rare until I joined this website, and then realized how many do this. In my personal life I don't know anyone who does that. Most of the people I know (including myself) can't wait until there is no more car payment. And I seriously doubt he's buying all of those cars outright. Probably financing negative equity every time, which is retarded. But then again most "US Americans" aren't especially bright or future thinking (as evidenced by our current economy and the credit crunch) so I'm not surprised anymore
RTexasF 05-04-2008, 05:50 PM I've purchased 4 or 5 in the same year (new & used) and kept some for nine years. Just depends on the mood at the time. I got my new '04 Accord by trading in an '03 Corolla LE. Looks like I'll have this one for a while......just ordered new tires and the car is paid off.
++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++++++++++++++++++++++++++++++++++++++++++
I've NEVER had negative equity and usually paid cash. Those that were financed were paid off early. You don't get a credit score in the high 800's by thinking "not especially bright". There have also been times with no car and no roof so I have some idea how life works........You think small, you live small.
hermann 05-04-2008, 07:28 PM What kind of tires did you order.?
RTexasF 05-05-2008, 05:46 AM Yokohama Avid V4S
native.texan 05-05-2008, 07:00 AM I normally trade in a car, every 4-5 years, which is usually when the warranty has expired, but generally not before.
mike.
James.uk 05-05-2008, 08:12 AM >>>how often do people change car every 4 years<<<
About every 4 years? lmho .. :banana: :naughty: :biggrin: :lmao: :nuts:
.
Heckler 05-06-2008, 07:25 AM Yokohama Avid V4S
Outstanding choice...i love mine :D
car divorced 05-06-2008, 11:09 AM Outstanding choice...i love mine :D
Me too. The improved handling - most noticeably on highway onramps and corners - is significant in my opinion.
danbudy 05-06-2008, 03:39 PM I had no idea that anyone trade that often. We just got rid of the 97 ody(grandma's 1994 truck broke again, I still love that van) and the 2k accord is just well broke in. The 06 pilot (bought end of OCT 05 I think) is still always called the new car.
I'm really suprised, that explains why they sale so many vehicles every year!
I like the reply above, that said they just wait for the payments to be over, it seems like you are driving for free!
Dan.
anysia 05-06-2008, 06:29 PM stay within the budget, don't trade unless you are right side up, etc, but live your life how you choose to live it. for me, that's been trading in cars frequently. but i've never traded in a car that i owed more than i could get on the trade and stevel's habit of doing that just because he can afford to stops with his latest (hey, it's in my name this time! ; ) ).
it's a splurge area for some and a modest, i can save money here cause i don't care at all about this stuff. for some, keeping the older out of warranty vehicles is worse than having a car payment. oh, how i LOVE hearing the stories about this or that 2000 trans fix/replacement, engine rebuild, sensors gone bad, etc. stories like my sis with her 03 malibu that she got such a great :rolleyes: deal on last year. she can barely afford the payments on it, but needed a way to get to and from her job when the old 90 something taurus she had been driving became too much of a burden to repair and basically a hazard to drive anywhere, IF it would go.... anywho, she now has the debt of a car payment of a used car, like so many will tell you to go get, and is now in debt up to her eyeballs because of the numerous expensive repairs she has needed in her less then year of ownership. (and this car was looked over by an indepenant mechanic (who we've known and used for years) and my dad the do it yourselfer and used to work on cars when he was younger and nothing tipped them off to potential issues-though i'd argue that the chevy malibu badge was the biggest clue staring them in the face...)
personally i like the consistency of a monthly payment, warranty coverage, and knowing i'm not going to have thousands of dollars of unexpected repairs at any point in time. i also like to have the latet safety features adn those change so often that you almost have to trade in cars frequently if you want all of the latest in airbags, bodies, etc.
it grated at me that i had to hold onto my accord coupe for so long after the accident. i wanted another one of the exact same car, just not the one that had been through he!! and back again and left parts of it in it's prior life nbever to be seen again. BUT i held onto it until i finally had enough equity in it to trade it in for about 4k more than i owed.
i also have those high credit scores (upper 700's) amd have qualified for all of the top tier programs through honda and only buy or lease when there is a special offered that makes sense. i may trade in cars frequently, but it does not mean that i'm a simpleton with money to waste or anything like that. it means that this is where i choose to spend my money and this is one of my guilty pleasures in my life. i choose cars over vacations, expensive dinners, expensive designer wardrobes, etc. none of those are good investments by any means. however unless you're whining to me about not having money and then you turn around and blow a few grand on a vacation, sorry, that doesn't fly with me. but if you spend 3 grand on a vacation and have money to spare and still live comfortably and have a savings account and retirement plan in polace, then go right ahead and take that vacation.
i think the common misconception is that noone qualifies for the best financing or leasing offers and everyone is getting slapped with some ugly interst rates. hey, even if i had $50k cash available to me, if i could get say 0.9 financing, i'd still actually finance the car. i can invest that money and try to get a better return on it than the minimal interest i'd have to pay on a 0.9, 1.9, or even 2.9 loan. if i ever tried to trade in a a car and they came back telling me i'd have to take a 10% loa, i'd run out the door quicker than they could ask where i was going.....
personally i like the consistency of a monthly payment, warranty coverage, and knowing i'm not going to have thousands of dollars of unexpected repairs at any point in time. i also like to have the latet safety features adn those change so often that you almost have to trade in cars frequently if you want all of the latest in airbags, bodies, etc.
Huh? You like the consistency of a monthly payment? You mean you can't find anything else better to do with ~$400 (average monthly car payment)? Extended warranty coverage is understandable, but I can't see how anyone would enjoy have a "consistent" monthly car payment.
The deal is you buy the most car you can afford when you're ready to purchase and you take very good care of it. I'm all for safety features but they haven't changed very much in the past ~7 years. If you buy a car with ABS, all the airbags, and traction control/stability control you're pretty much set. Cars are extremely well made these days and there is no reason anyone should expect a well taken care of new car not to last at least 10 years under the normal 12K to 15K miles.
I bought a new car so I wouldn't have to deal with used car headaches. But I certainly don't like having a monthly car payment and will be able to find at least 400 better things to spend my $400 a month payment when its paid up. Unless you're wealthy and able to pay cash every time you purchase a car, flipping them every couple of years is really not smart. I don't care how you rationalize it. Ask any financial adviser in this country about that and you'll get the same answer.
Anyway, I think this topic has come up several times on this site and I feel like a broken record. To the OP I will say, "no, it's normal to flip a car every four years or less" and most people don't do that. The few fanatics here are hardly representative of the general population. Heck, most of my friends and family don't even own new cars; most of them are at least seven plus years old... and paid for!!
andysinnh 05-06-2008, 08:45 PM Anyway, I think this topic has come up several times on this site and I feel like a broken record. To the OP I will say, "no, it's normal to flip a car every four years or less" and most people don't do that. The few fanatics here are hardly representative of the general population. Heck, most of my friends and family don't even own new cars; most of them are at least seven plus years old... and paid for!!
Well, the people that work in the computer/technology area that I am involved in flip cars on average every 2-3 years - so it really depends on where you are and what your priorities are as well to decide what the representative population really does.
Everyone has their priorities - some believe that paying a car payment and wanting to have something new/different/reliable/whatever is a priority. Others I know believe in, at age 50, buying a $500k new house and starting a 30 year mortgage at that point, figuring they'll always have a HOUSE payment. I may get new cars, but I'm certainly of the mindset that once my house is paid off, I'm not moving!
To each his/her own. Valuing differences is the important thing.
andy
TomRock 05-07-2008, 03:59 AM I was looking online for Accord coupe video and come upon this...
This youtube video basically shows 6 cars this guy owned in 4 years before he bought Accord Coupe 08.
Cars he owned include
Audi TT
350Z
Mercedes c230
Lancer Evo
another Accord
and some more Mercedes
http://www.youtube.com/watch?v=fDFI7WDtoW4
I guess he can do whatever he want when he has that much money but is it that necessary? I mean some of the cars he had were nice!
Anyways, he thinks he will keep Accord Coupe longer than his previous cars...:thmsup: We shall see.
Alright...back to doing research
People with lots of money who need the latest and greatest...
psyshack 05-07-2008, 05:02 AM I would think 4 years would be about the ave.
And who cares what a finance whiz bang manager says. All they care about is getting there's. :yes: Do as I say, as the cash register rings up the bill.
For us car payments are in the budget. To some it would seem like a lot of money to fork out every month always making two car payments. But the peace of mind it affords the wife and I is priceless. We both drive a lot of miles every year.
While I enjoy maint. and general up keep on cars. I don't like crisis repairs or bills. This is why I got rid of the Civic at 44k miles 18 months into owner ship. It was very clear the car was going to be a hassle at best and more than likely a money pit very soon.
On the other hand we have owned the Ranger almost 8 years now.
The key to trading is to not be upside down. Buy low and sell high or trade high. Which Im pretty good at. We always buy 0 down and get the rock bottom interest rate. We then always make a secondary principle payment every month. It maybe 10 bucks or 100 bucks. The key is to always make one.
It worked well with Civic. I traded it, busted mind you. For KBB private sell numbers. And purchased the Mazda3 below invoice. The dealer not only paid my note off. They over paid. So the finance co. sent me a check for the over payment. :thmsup: This I put on the first payment on the Mazda.
We checked the value of Ruby this past weekend. We are about 1000 a head on it now. The reality is. The wife will more than likely end up with a Civic Hybrid. We don't know yet if we are going to trade/sell Ruby or keep her for the grandkid hauler. I bet we end up keeping her. The wife really like her Accord. But 35 to 36 mpg in the daily grind is getting kind of old.
The Mazda3 will be gone if Honda doesn't blow CR-Z. I wont be bit again on a early first year production purchase. So Im looking at 2 to 2.5 maybe sooner. Just have to wait and see.
So in a 18 month window Im sure we will have a round of musical cars. Not to mention the purchase of a BMW 1 series as my weekend toy. :naughty:
jackpop 05-07-2008, 11:30 AM My short list..
My average is about 4 years.
Past Vehicles:
A few cars not worth to mention before these.
96 Lexus GS 300 ( It was just old, But it had a nice Nakamichi sound system)
02 Lexus IS 300 E-Shift ( Couldn't afford it at the time car payments were ridiculous, Got lucky sold it for what I paid)
06 Honda Accord LX SE (Ditched the lease -- Tossing money in the garbage)
Present Vehicles:
05 Honda Accord Coupe EX-L V6 ( Love it, Its being replaced soon)
07 BMW 335i (Absolutely love it, Will continue to drive it for years to come)
Near Future Vehicles:
09 Toyota Sequoia Limited or Platinum 5.7 "hopefully, It just might be a little big for us"
or
08 Honda Pilot EX-L NAV FWD ( I like them but I would rather have the Sequoia)
We were debating on a Used Lexus GX470 ( Could buy a new pilot for a used GX)
Or a Used Lexus LX 470 (Could buy a Toyota Sequoia Platinum 5.7 For a Used LX)
stevencrosbie 05-07-2008, 12:02 PM Go with the new Sequoia! The 5.7 is a dream and will eat the other suv's for lunch.
honda007 05-07-2008, 01:28 PM i like to drive them until the wheels fall off or until my mother totals her car.
i have owned a volvo 740, a chevy celebrity, a ford tempo, pontiac sunfire, and a chevy cavalier
i currently own volvo 850, honda accord, and ford 150
RTexasF 05-07-2008, 01:31 PM Anyway, I think this topic has come up several times on this site and I feel like a broken record. To the OP I will say, "no, it's normal to flip a car every four years or less" and most people don't do that. The few fanatics here are hardly representative of the general population. Heck, most of my friends and family don't even own new cars; most of them are at least seven plus years old... and paid for!!
Few fanatics here? All are in agreement that four years flip time is the norm except you! Where do you get "most" people don't do that? Now if someone tells me that they are frugal or too cheap (or too broke) to buy a new car, ok I respect that. But to say the people that trade every four years or so are fanatics......you really need to expand your horizons. The real world does not live by financial advisors alone. I have one and it's none of his damn business if I decide to buy a new car or not. Advisor yes, my Mama, no! It's also none of my business if you decide to keep a car for 10 years......but I won't call you a fanatic for doing so.
I'd say that members of this forum are representative of car owners and their trading habits.
jackpop 05-07-2008, 01:36 PM Go with the new Sequoia! The 5.7 is a dream and will eat the other suv's for lunch.
Yea, Its gona eat my wallet too.
There are only appealing to me in the Limited and Platinum trim and we NEED nav for her and its only offered in Limited and Platinum trims, the SR5 trim is just ugly IMO, no nice alloys, and no rear spoiler or running boards:puke:We both like them though, So atleast theres a car we agree on.. Shes just going to have to learn to drive it, Shes coming from the 335 so its going to be a challenge, That rearview will come in handy..
Man, I wish they made a 4Runner with a 5.7... ahh..
stevencrosbie 05-07-2008, 01:40 PM Man...a 4Runner w/ the 5.7 is fast...but don't dis the 4.7. That is a smooth motor!
I do some great mileage with my 5.7 and the new Tundra Frame has a smaller turning radius than the old one. I think my truck's radius is only 44 feet...which is really good considering its size.
So are you trading in a vehicle? I hope it isn't a 335....those a nice rides. I hope to one of these days get a ride in one (w/o test driving one).
Few fanatics here? All are in agreement that four years flip time is the norm except you! Where do you get "most" people don't do that? Now if someone tells me that they are frugal or too cheap (or too broke) to buy a new car, ok I respect that. But to say the people that trade every four years or so are fanatics......you really need to expand your horizons. The real world does not live by financial advisors alone. I have one and it's none of his damn business if I decide to buy a new car or not. Advisor yes, my Mama, no! It's also none of my business if you decide to keep a car for 10 years......but I won't call you a fanatic for doing so.
I'd say that members of this forum are representative of car owners and their trading habits.
I should explain what I meant by "fanatics." I was specifically referring to people who pay cash or finance new cars not trading out all the time. Sure, there are plenty of people like yourself who like to have a new vehicle every 3 or 4 years, and the people who I know do that lease. Leasing was totally designed with the your type in mind. Leasing takes care of the negative equity situation; your 3 year lease is up and you walk away. I really don't understand why anyone wants/needs a new vehicle so often wouldn't lease. Additionally I don't know how people who trade out so often and don't lease, deal with the negative equity. Cars are depreciating assets, no way around that. So either you're putting a huge amount of money down when you initially buy the car, or you're paying off the negative equity when you trade it in. Or worse, you're financing the negative equity with the new vehicle.
Sure, if I was super wealthy with millions of dollars in the bank I would probably buy a new car every couple of years (heck I would probably own a few cars). But since I don't see that happening any time soon outside of a lucky lottery ticket, my 2007 coupe will do me just fine for a long time to come. I'm counting down the days till I'm done paying it off and can pocket that $400 every month. :thmsup:
honda761 05-08-2008, 07:36 PM The only way I'm changing out of my Accord is a big lottery win. I've seen enough of life struggles to dump some more money into cars. Changing cars for fun is a rich man's game.
CA05LXDriver 05-08-2008, 07:46 PM I'm generally bored stiff with anything after 2 years, whether it's a car, computer, HDTV, video game, or whatever.
However, I realize it's a major idiotic move to flip cars every few years. If you've got a generally reliable vehicle such as a honda, they typically have low maintenance and repair costs through 7-8 years or 100k miles. Major known defects such as catastrophic transmission failure are often COVERED 100% by reputable auto companies such as Honda (my 8 year old Odyssey got a new trans at 101k miles for free, and that was 5 years and 60k out of warranty!).
Real world, I'm trying not to flip but I'm tempted like the next guy. I want to ditch my Accord because it's the world's most boring vehicle but I'm trying to resist. :paranoid:
EXL_ent_V6 05-16-2008, 01:13 AM I thought typical was more like 3 years. My family typically has them for about 5 but most people I know its 3-4 years.
Me personally, I'm 23 and this is my car history.
96 Chevrolet Camaro
(2001-2003) 3ish years
98 Pontiac Firebird
(2003-2005) 2 years
00 Pontiac Grand Prix
(2004-2007) 3 years
(from 2004-2005 I had 2 cars, one the Firebird in FL and the Grand Prix in NY)
07 Honda Accord
(2007-2010) 3 year lease
But I'm probably going to trade up next summer for either an Infiniti or MBenz. Then continue with 24 month leases.
shigeo 05-16-2008, 12:17 PM i guess i'll jump on this one
87 monte carlo SS automatic trans(1996-2001)
sold due to gas being so expensive and me being a poor college student
1991 VW jetta GTI manual trans (2001-2002)
2002 suzuki aerio (2002-2005)
awesome car great power/tourque to weight ratio
distroyed by a limo crashing in to me.
2006 honda accord ex v6 (2005-current)
and i am 27 years old. i love my honda and plan to keep it for years to come.
Neiklot 05-17-2008, 09:21 AM Let's see...For me here's my list of cars.
Considering I'm only 22 I have had a total of 5 cars since 1999.
Parents gave me '90 Honda Accord LX *Wrecked in 2001* got a used '97 Honda Passport (Isuzu Rodeo) *Engine died in 2003* bought a '03 Mazda 6i Sedan *Traded in 2006* for '06 Mazda 6i 5-Door *Traded in 2008* for '08 Honda Accord Coupe *Current*
Till now I've made every payment and have great credit so no negative equity for me =D
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