While visiting my parents in Honolulu this past winter, I ended up driving my dad's 28-year-old beater for eight days. He bought that Toyota Avalon new in 1997—back when I was a college sophomore and he was stationed in Guangzhou, China for the U.S. Foreign Service.
I’ve known this car nearly as long as he has, and for more than half my life, I’ve driven it during my visits home. Sure, it drives like a boat and shakes when I hit the brakes on the highway, but it reliably gets my family around the island.
Not Getting a New Car After 10 Years After All
I once planned for summer 2025 to be the year I’d finally upgrade my ride. I always believed the ideal time to replace your car is when it hits about 10 years old—long enough for safety and technology improvements to kick in, which is crucial when you’re transporting your family.
Yet, after spending time behind the wheel of my dad’s old Toyota in Hawaii, I returned to my own car in San Francisco feeling like I was driving a brand-new luxury automobile!
My current car—a 2015 Range Rover Sport HSE that I bought in December 2016, just before my son was born—feels amazing by comparison. It handles smoothly, the steering is tight, and there’s no annoying shake when I brake.
The Range has Bluetooth for tunes, a backup camera that beeps when something gets too close, and even twice the horsepower of my previous ride. The paint is still shiny, and the tires boast about 80% tread remaining. There's even leather seats, which are starting to smell amazing again given its age.
If my dad’s car could last 27 years, I’m confident my Range will easily last at least another five years, for 15 years total.
New Cars Are Just Way Too Expensive
I’ve looked at several new luxury vehicles comparable to my Range Rover, and every one of them costs between $115,000 and $170,000. Maybe I’m a bit nostalgic, but today’s new luxury car prices seem utterly absurd. Even though I’ve been diligently saving and investing in a new car fund for nine years, the thought of shelling out six figures after taxes for a new vehicle feels completely off.
So, the logical alternative is to stick with what I have. I’ve also considered more budget-friendly options, like the fully loaded Honda Civic for about $28,000, but it’s too small for our family road trips and lacks features like four-wheel drive—meaning I’d have to tack on chains in snowy conditions on our way to Lake Tahoe. No thank you.
The next option I looked at was the new Honda CR-V, which runs about $42,000 fully loaded (roughly $46,500 after tax). While that might be acceptable for someone without a car, I already have a perfectly fine family car. And to be frank, it feels like a steep downgrade, when I’d like to enjoy nicer things in my older age.
Recently Spent a Bundle on Car Maintenance
Over the past two years, I’ve invested roughly $5,400 in maintaining my Range Rover, which has around 61,000 miles on it. Here’s a quick rundown:
- New battery: $500 (2024)
- Two new 22-inch tires: $825 (2024)
- Water pump: $1,250 (2024)
- Vacuum pump and PCV valve: $1,050 (2024)
- Oil change service: ($199, January 2025)
- Brakes and rotors ($1,600, Jan 2025)
- Heater manifold: $1,025 (potential cost maybe in April 2025, but the coolant isn't leaking anymore)
Fortunately, my mechanic is just a one-mile walk from my house, so dropping off the car for maintenance is never a hassle. After $5,400 in repairs and upkeep so far, the idea of selling my car to buy a brand-new one just doesn’t make sense.
If I were to get rid of my car, I should have done it before reaching 50,000 miles and before these expenses began to pile up. Now that I’ve had these repairs done, I expect my Range to be in great shape for another 5-10 years or 60,000 miles.
The Joy of Driving a Well-Worn Car
After nine years of driving my 10-year-old car, I’ve grown accustomed to its quirks—much like my father’s steadfast 1997 Toyota Avalon. Every time I head to the supermarket, I feel no stress about door dings. In fact, when a new ding appears, I just see it as another character mark on a car that’s been a reliable part of my life.
I also love that as the car ages, it draws less attention. I bought my Range because I loved its look and performance—ever since I was a middle-school kid in Malaysia, I’ve been a fan of Range Rovers. And attracting attention isn’t my goal, which is why I appreciate the tinted windows.
Finally, if my old car can last another seven years, it'll be perfect for teaching my son how to drive. Hopefully, he won’t crash it—but if he does, its larger size should provide some extra protection. Plus, by then, it won’t be much of a financial loss either. Hmm, now that we're talking safety, maybe I will buy a safer car at that time.
Final Reflection: Keep Your Old Car For Longer
Driving my dad’s old beater made me realize that sometimes the best decision is to stick with what works. Instead of spending a ridiculous sum on a brand-new car that may not drive any better, I’ll save and invest my money. My RR Sport has served me well and still has plenty of life left in it, and that reliability is worth more than chasing the latest model.
In a world where new cars are prohibitively expensive and constant upgrades may be more about status than functionality, holding on to a well-maintained vehicle is a smart, financially savvy move. Let a car's depreciation work for you by getting your House-To-Car Ratio as high as possible, if you want to achieve financial independence sooner.
Although I will say, car shopping is one of the most fun things I've enjoyed as a kid and adult, mainly due to the test driving. That could be a fun father son, father daughter bonding experience in the future. However, I'm hoping by the time my kids are able to drive, they won't due to safer, self-driving cars.
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Hi Sam – you had a few posts that discussed the concept of owning the nicest house during a certain window for your kids’ childhood. Any similar thoughts on owning a more utilitarian car (for example an extra roomy SUV) during the time when the family will get the most use out if it? Thinking of kids sports, beach vacations, longer roadtrips etc.
Your dad’s home-to-car ratio is insane! My Audi is 5 years old. I thought about painting it a different color and getting new wheels as a way to feel like I got a new car for a fraction of the price. I’ll probably also rent a Lamborghini for a day ($1200) to get that car lover thing out of my system.