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Time To Purchase A New Automobile: Mine Is 10 Years Outdated & Inflicting Issues

whysavetoday by whysavetoday
December 2, 2025
in Personal finance
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Time To Purchase A New Automobile: Mine Is 10 Years Outdated & Inflicting Issues
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Nicely people, the time has lastly come to purchase a brand new automotive. After shopping for eight vehicles in my first ten years out of faculty because of my former automotive addition, I now dread the concept. All I need is to drive one automotive perpetually to avoid wasting time, trouble, and cash.

Nevertheless, my 2015 Vary Rover Sport, which I purchased in December 2016 with solely 10,600 miles, is beginning to have one drawback too many. Yeah, yeah, I do know. Land Rovers are infamous for upkeep points. However not less than I had a pleasant nine-year run thus far, proper? I believe so.

The common month-to-month value of proudly owning the automotive, together with all repairs, comes out to about $555. That feels cheap for what it’s and the way a lot I’ve loved driving it. I don’t remorse spending $60,000 after tax for the automotive 9 years in the past in any respect. So part of me needs to purchase one other luxurious automotive for the following 10 years.

Switching vehicles each 10 years is my ultimate possession cycle. With fixed enhancements in security and expertise, a decade feels nearly proper.

The Newest Downside With My Automobile

The opposite day the examine engine mild got here on once more. I ended up spending $600 to exchange an oxygen sensor and an oil gasket. The oil drips had been apparent on my driveway.

On the identical time, I began getting a “Battery Low” warning each different day. Huh? I had simply spent ~$500 changing the primary battery in 2024, after eight years of utilization. It ought to simply final one other 5 years, not less than.

So I drove the automotive round hoping to recharge it. Then, one morning, proper earlier than driving my children to Daddy Day Camp for tennis and swimming, I bought essentially the most ominous message but:

“Warning, system will shut down in 1 minute.”

WTF?

As a substitute of pulling out of the driveway and risking a shutdown on the highway, I simply sat there idling for a pair minutes. Nothing occurred. However the warning rattled me. I felt like I used to be on a rocket ship, prepared for it to blow up.

Complete Price To Repair So Far This Yr: $1,115

After I took the automotive again to my native mechanic, they discovered the smaller auxiliary battery was useless. That is the battery that controls the auto start-stop operate, door sensors, trunk, and different electrical elements.

What aggravated me was that in 2024 I had particularly advised them there have been two batteries to exchange. They mentioned they solely discovered one. Ah, the draw back of saving cash and never going to a Land Rover specialist. However boy, does the dealership cost a premium. Additional, the store wasn’t a walkable distance dwelling.

All in, I spent $1,115 changing the auxiliary battery and fixing the oxygen sensor and oil gasket. Completely manageable, if these had been the one points for the previous 1 12 months and 10 months since I final visited the ship. Sadly, another potential subject stays: an EVAP air leak.

To Proceed Fixing Or Not

The mechanic mentioned they weren’t certain changing the oil gasket totally solved the leak, since oil was seen at each the highest and backside of the engine. They advisable driving for a month and coming again for a free examine. If oil nonetheless leaked, I’d want a specialist who may need to take away the transmission or one thing comparable. Labor alone: over $3,000.

And if there was nonetheless an oil leak at that time, they suggested not spending one other $1,000+ to repair the EVAP leak. At that stage I may be dealing with $5,000 in work for a ten-year-old automotive value lower than $20,000.

I may simply hold driving the automotive with a small oil leak and an EVAP air leak for one more 12 months, nevertheless it’s not ultimate. Finally, I’ll must move a smog examine in two years, and if the EVAP leak isn’t fastened, the automotive gained’t move.

Care Much less About Luxurious or Appears In A Automobile

As a father now, my primary precedence is security. Reliability is a part of security. I as soon as owned a traditional 1989 BMW 635 CSi that did shut down utterly as I drove right into a Greatest Purchase parking zone. Brakes, electrical, engine – every part died directly. By no means once more.

Listed below are the Insurance coverage Institute for Freeway Security most secure vehicles. Rivian RS1, Audi Q7, Infiniti QX80, Tesla Mannequin Y, and Volvo XC 90 are some high SUV security picks.

Since I worth my time greater than something as of late, I need essentially the most dependable automotive doable. My mechanic is shut by, so I simply stroll dwelling after dropping the automotive off after dropping off the children at college. However doing this 12 months after 12 months is getting previous. It has been three years in a row that there is been one thing to repair.

After reliability and security, then I’ll take a look at efficiency and appears. I purchased the Vary Rover Sport in 2016 as a result of it appeared nice and will drive to Tahoe in winter with out placing on chains. However now it might be time to say goodbye.

Need One other Vary Rover, However Not For The Worth

Though I believe the brand new Vary Rover Sports activities are lovely and include a 4-year, 50,000-mile bumper-to-bumper guarantee, spending $110,000 out the door for this mannequin feels egregious as twin unemployed mother and father. If I lease it for 3 years, it might value about $1,133 – $1,587 / month if I put $0 down as much as $15,000 down.

If certainly one of us labored in large tech making $1+ million a 12 months or at a scorching AI startup like OpenAI, spending six figures on a automotive might sound cheap. However for us, we’d need to promote some Treasury bonds to afford it.

Our money move doesn’t permit for such a purchase order beneath my 1/tenth rule for automotive shopping for, and I am a stickler for following my very own monetary independence guidelines.

That mentioned, after buying our perpetually dwelling in 2023, getting a brand new RRS would nonetheless fall properly inside my advisable Home-to-Automobile ratio guideline. And this guideline is arguably a very powerful car-related rule for serving to folks obtain monetary independence sooner.

Range Rover Sport 2026
I just like the white and black combo of the Vary Rover Sport with 23″ rims

The Most Dependable Automobiles: Toyota, Honda, and Tesla

Analysis exhibits essentially the most dependable manufacturers are Toyota, Lexus, Honda, Acura, and Tesla. European vehicles look nice, however they eat your pockets alive.

Tesla has the perfect EV tech and least upkeep since there are fewer components and no fluids. Full Self Driving is tempting, though it’s $8,000 additional if you happen to don’t get a Mannequin X. Nonetheless, a Tesla Mannequin 3 or Mannequin Y feels just like the good choice, and costs have dropped.

The draw back is that Tesla designs are getting lengthy within the tooth and wish a refresh. Additionally, the $7,500 on the spot EV credit score disappeared on the finish of October 2025. The excellent news is Tesla is providing incentives: a $6,500 credit score on leases plus one free $2,000 improve.

The humorous factor? My home already has a Tesla quick charger in-built. Plus, I’ve bought greater than 21 photo voltaic panels on the roof. Charging would usually be free throughout the day.

So the obvious substitute for my 2015 Vary Rover Sport appears to be a Tesla Mannequin Y for about $48,000 out the door. A 3-year lease with zero down is about $650 a month. What do you suppose? It could really feel nice to make the most of extra of the options of my home.

JD Power 2025 US vehicle dependability study ranking

We Additionally Love Hondas

Since I not care about luxurious European vehicles, Toyota and Honda are wanting enticing once more. I had a Honda Civic again in 2002–2003, and cherished it. However as a 25-year-old finance worker in San Francisco, I finally wished one thing nicer, so I upgraded to a BMW M3 and later a Land Rover Discovery II.

Wow, immediately’s Honda Civics look unbelievable. The Civic Sport runs about $28,000 earlier than taxes and costs, roughly $31,000 out the door. It feels steep for a Civic, however these vehicles are extremely dependable. My solely concern? Security. A smaller automotive won’t maintain up as properly in a collision.

That’s why I’m additionally eyeing the Honda CR-V Sport. Clear design, roomy inside, AWD for Tahoe journeys, about $38,000. Not dangerous, however the inside feels low cost in comparison with my Vary Rover.

Honda Civic 2026 looks pretty good
Honda Civic 2026 seems fairly good, however I would must placed on chains if it snows in Lake Tahoe

Toyota May Be The Winner

Then I checked out a Toyota Land Cruiser and the Lexus GX 550, which is mainly a extra luxurious Land Cruiser for a couple of thousand {dollars} extra. Costs run $72,000–$80,000 pre-tax, which feels hefty. Possibly the Toyota 4-Runner is the better-size automotive, priced at about $51,000.

The Civic and CR-V Sport are economical and dependable, they usually don’t stand out. With my Vary Rover Sport, I often felt a little bit embarrassed within the early years, because it drew consideration. Now, ten years later, I don’t really feel that manner in any respect. In truth, it’s cheaper than many new Civics, Corollas, Camrys, and Accords.

2026 Lexus GX 550
The Lexus GX 550 could be an important household automotive for Lake Tahoe, nevertheless it prices ~$80,000

So Many Yr-Finish Incentives, So Little Want To Purchase

What’s humorous is that I may simply negotiate a cheaper price at any seller, particularly on the finish of the 12 months. However I don’t really feel the identical thrill I did in my 20s once I purchased and bought vehicles for enjoyable.

Actually, all I need is to pay one other $1,300 or so to repair the EVAP leak and have the Vary Rover behave for 2 extra years. The automotive solely has 66,500 miles. My children can kick the seats all they need. Door dings? High-quality. Scratches? No drawback.

There’s one thing peaceable about driving an older automotive that you just don’t fear about damaging. However I’m not satisfied the Vary Rover’s issues will decelerate. I’ve already changed the vacuum pump, water pump, PCV valve, each batteries, oil gasket, oxygen sensor, and extra. And nonetheless new points cropped up.

Assist Me Determine My Subsequent Automobile

Fake you might be me: a 48-year-old dad with two younger children in San Francisco. You care about security and reliability above all else. Annual mileage pushed is about 6,500. You are unemployed and fly Fundamental Financial system. However you might have about $360,000 a 12 months in passive revenue after 26 years of saving and investing that covers virtually all of your after-tax dwelling bills. Lastly, the automotive is a enterprise expense.

Which automotive would you purchase or lease?

  • Follow an financial system or mid-size automobile? Mannequin Y, Toyota Camry, Honda Civic, Honda Accord, Toyota 4-Runner
  • YOLO and get a luxurious automotive once more? Vary Rover Sport, Toyota Land Cruiser, Lexus GX 550, Rivian RS1
  • Or simply hold fixing the 2015 Vary Rover for $1,100–$3,000 a 12 months, hope it would not break down, and drive it into the bottom?

My authentic objective was to maintain the automotive till my son learns to drive in 2031 at age 15. If he dings it, no large deal. However I doubt the automotive will final that lengthy with out costly repairs. And if we transfer to Hawaii in 2029, I’d hate to overspend on a automotive solely to promote it quickly after.

Please share what you drive and what you’d advocate. What kind of automotive do you drive, how a lot does it value, and is it dependable? Thanks!

Subscribe To Monetary Samurai 

In case you care about automotive security, you must also care about defending your loved ones in case one thing occurs to you. Think about an reasonably priced time period life insurance coverage coverage by means of Policygenius. My spouse and I bought matching 20-year time period insurance policies at an important fee throughout the pandemic to guard our two younger youngsters, and the peace of thoughts we really feel is priceless.

To expedite your journey to monetary freedom, be part of over 60,000 others and subscribe to the free Monetary Samurai publication. It’s also possible to get my posts in your e-mail inbox as quickly as they arrive out by signing up right here. Every little thing is written based mostly on firsthand expertise and experience.

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