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"Since my trade-in Tundra was 10 years old with 178K miles, let's assume that's the life of the new vehicle too." That's a terribly faulty assumption. The avera
by pilom 10y ago
"Since my trade-in Tundra was 10 years old with 178K miles, let's assume that's the life of the new vehicle too." That's a terribly faulty assumption. The average age of all cars on the road in the US is 11 years old. Yes that is mean not median, but even the median is likely to be >8 years old. Your 10 year old truck probably was at the midpoint of it's life.
- IanDrake 10y ago> That's a terribly faulty assumption. The average age of all cars on the road in the US is 11 years old. No, my assumption is fine. Oddly, yours is flawed. My assumption doesn't use national averages that include southern states and non-coastal states where cars last forever. In my unique living conditions, my assumption is fine. Again, there are more factors at work here. The trucks practical life was over, not because it couldn't be repaired, but because it didn't make sense. When a repair bill becomes greater than the value of the car, you stop repairing it.