3 ms·
Yes, you are below average; the average new car is owned for 8 years and the median for 4 years.
by smileysteve 4y ago
Yes, you are below average; the average new car is owned for 8 years and the median for 4 years.
- lostmsu 4y agoBut then it is sold, so you recoup part of the value. Also, average new car cost is the wrong metric. One ether has to use average car cost, including used cars, or track ownership costs of a new car excluding any secondary market transactions. E.g. until it is not road worthy anymore.