1. Maintain Current Vehicle to Keep New Car Costs at Bay

    Maintain Current Vehicle to Keep New Car Costs at Bay

    Buying a new car might sound good in theory, but these days, a new car purchase is out of reach for many Americans, according to a recent CNBC report. With the average cost of a new vehicle higher than ever at $30,500, spending a fraction of that money on making your current vehicle last longer READ MORE »

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    1. Hanging on to your current vehicle allows you to redirect money you would spend on a new car to pay off credit card debt, college loans and other bills, beef up savings or even take a road trip vacation.
    2. In the early 1970s, you could buy a house for $30,000, and the average vehicle cost $3,900 but didn't last anywhere near as long as cars do today. Now, the average age of passenger vehicles is 10.8 years, the oldest ever.
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