Joe Pinsker
speaker
1,247 appearances
30 recordings
1 series
first heard Oct 2022
last heard Jan 2025
Joe Pinsker’s voice in public audio — every appearance, attributed to the second.
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Appearances
But now it's pretty common to go well above that.
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And so clinging to your current one and trying to squeeze more life out of it just has a bigger payoff than it usually does.
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The latest data shows that as of last year, on average, the age of a vehicle in the U.S.
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was 12 and a half years.
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That was increasing for the sixth straight year.
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Of course, averages are a nationwide figure and capture a whole lot of variation.
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And I talked to a guy in Idaho who is definitely bringing up that number.
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He's driving a 24-year-old Toyota Tacoma pickup truck that he bought last
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new a long time ago and has put more than 300,000 miles on.
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He thinks he'll probably still have another 100,000 to go on it.
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A lot of these things are definitely going to vary from case to case, and some cars definitely are money pits.
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But the way that one repair shop owner put it to me was that he said that last year the average repair at his shop was about $700.
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A one-time payment of $700 is a lot for a repair to put into an aging car, but at the same time,
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It's a lot less than paying $700 every month.
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So it's often this tradeoff.
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Clearly, he said, if your repairs work out to $700 a month, get rid of that car.
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But there's kind of a balance that you can end up striking where this ends up making sense.
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I was talking to an industry analyst who said that that's still a number that's really in people's heads, but it's something that has definitely changed.
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There's a lot of variation between car brands in terms of how dependable a car is and how many problems pop up.
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The research firm J.D.
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Showing 461–480 of 1,247 · page 24 of 63
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