[twobone]

Here is my theory: My problem is I hold on too long


I buy the base model from a solid manufacturer (e.g. 2000 Pathfinder XE)

I try to get one that is a year or two old (bought in 2002)

I pay cash or try to get 0% financing (paid cash)

I keep them as long as possible (still driving her at 193,000km)


Only now she is starting to cost me money and the question of cutting the cord is coming up.

Often I wait too long and I end up putting $2-4K into a vehicle that will only last 1-2 more years.

My theory is that it is better to put a bit more money into it and drive it as long as possible (within reason) to keep the average annual cost down.

I think my average cost of ownership now stands at $3,500 per year before gas.

Any other competing theories?