200,000 miles or more: Make your car go the distance
“With proper care, many of today’s cars can last 200,000 miles or more,” says Consumer Reports. In addition, “Owners seeking to limit repair costs by trading in their vehicle every three to five years may lose out on thousands of savings.” The key is regular, quality maintenance. When comparing the costs of buying and keeping a car for 225,000 miles over 15 years to buying and financing an identical model every five years, CR found the savings could be more than the original purchase price of the vehicle – and even greater if the savings were invested.