WASHINGTON - When it comes to cars, 200,000 is the new 100,000.
As the recession wages on, drivers have been reluctant to purchase new cars and now, the average age of vehicles on the road has stretched to a record 11 years.
Multiply that by the number of average miles a car travels per year -- 15,000 -- and the old adage about selling a car once it the odometer hits 100,000 goes out the window, says The New York Times.
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2 comments:
What old adage of selling a car once it hits 100,000?
If you keep a car to 100,000 you may as welll keep it till it dies.
Compared to a new $45,000 pick-up truck,its better to rebuild your old one at least once
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