Personal FinanceInvesting
#RI-6ac1d65a·4 months ago·
2
“Keeping a car 10 years instead of 6”
What Actually Happened
The keeper is ahead by $165,000 at 65 in the median run, and ahead in all 10,000 runs.
What I wish I knew
"When the account earns more in a year than the car money going in, the crossover is around year 20."
Advice to Someone Facing This Now
If I could tell you one thing
"Consider keeping a car 10 years instead of 6 for long-term financial benefits."
Regret Index
1/10
Positive or neutral outcome.
Would make the same decision again.
Would make the same decision again.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
No advice yet. Be the first to share wisdom.
Personal Finance Category
94
Personal Finance decisions logged. Avg regret 3.4/10 across the category.
Same Outcome Band
68%
of Personal Finance decisions land in the settled band the same as this one.
React, question, or discuss this decision.