How many miles do you put into your car before you say, the mileage is X and I need to get a new car? Do you drive your car to the ground? Do you say when my car hits so many miles, I’ll get a new one? Do you just just keep fixing what is broken and full steam ahead?
My friend had an X5 with I want to say either 250k or maybe 300k before he finally broke down and retired the bucket for a newer one. I don’t remember how the old his car was but he does drive a lot. For reference, he bought a 2022 X5 and already has over 80K miles. Again, he drives a lot of work. The only reason he even bought a new one was because his mechanic refused to continue to work on his old car, LOL.
I have a 2018 and I’m coming up to 80K probably by the end of year. Still runs great with no issues aside the regular maintenance needed. Sometimes I think I want to trade it in for a new one, then I say no, I’m run this bad boy into the ground.
Just got me thinking what every other BMW owner does when you begin to get into the high mileage.
I feel that buying a car is really just like renting it. You pay a large amount and sometime later you sell it for a lesser amount. If you divide the difference between the two by the number of months you had it you get the monthly rental cost. For accuracy include all the repair work. For example, a $30k car over 6 years will have cost you around $260 per month to own, purely in depreciation. Keep it another 6 years and that number drops dramatically. A more expensive car is far more on a monthly basis of course.