If You Had To Buy A Car Today To Last 250,000 Miles, What Would You Buy?
New cars are an expensive proposition, with the average new car transaction price somewhere around $48,000 and interest rates ranging between five and 14 percent. It often doesn’t make financial sense to buy a new car and trade it in every couple of years, as has been the American norm for so long. You really should be committing to buying a car that will last a decade or more, if you want to get your money’s value out of it.
I recently crossed the 100,000 mile mark in our 2018 Buick Regal TourX with fairly few issues. Would I trust it to carry our household chores and road trips for another 150,000 miles? I’m confident that I would. It has been a good car, and there’s no reason to believe it won’t continue to be. It was a good use of our $36,000, and it’s still worth more than the remaining balance on the zero percent GM Financial loan. I recommend them all the time. It’s a great little wagon.
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