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This is a perfect example. I have had the same car for 6 years which I bought used and am hoping to squeeze another 5 out of it. Cars are one of those things I hate spending money on.

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Don't forget to calculate the increasing maintenance cost, gas cost, and risk of using an older car.

If you buy an American car, the maintenance isn't so bad. The taxes are low on older cars, as well as insurance.

The risk is real, there's been excellent progress in crashworthiness.

In America maybe? Here the maintenance on a car is insane, Canada.

This is a good point. So far I have had no maintenance other than oil changes/tune-ups. Once things start breaking down to where I have to spend $$ to keep it going, that is when I will buy a newer used car. I also mainly use it for local around town driving. If I go on a long trip, I rent a car.

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