I took my Prius to the shop last week and got a loaner car, which happened to be a new Prius.
When I picked up my kids in the loaner car, they feel in love with the new car. My kids marveled over all the subtle differences between our car and the new car. In short time they begged me to buy a new car.
What is it about new cars? Is ‘new car smell’ a psychoactive drug, spurring people to buy cars they don’t need?
The new car was cleaner, smoother, and faster than my car. And for a moment I considered an upgrade. But then I thought about spending $20,000 to replace something that didn’t need replacing. Our car works great.
Even though I didn’t buy a new car, I felt the lure of new. And my kids really felt the lure.
100,000 miles or 10 years used to be a good time to replace a car. However, today cars are living longer – more like 200,000 miles. Luckily, my car is a baby with just 60,000 miles.
The lure of new is strong, but my desire to avoid car payments is stronger.
How about you? Have you felt the lure of new?
Liz Pulliam Weston estimates that owning cars for 10 years instead of 5 could save you $250,000 over your lifetime. Sounds good to me!