How long should I keep a vehicle?
Keep It
Sell Often
Years before selling
Years before selling (keep car)
Years before selling (sell car often)
Yearly repairs
$
Average yearly repairs (keep car)
$
Average yearly repairs (sell car often)
Yearly insurance
$
Average yearly insurance (keep car)
$
Average yearly insurance (sell car often)
Yearly licensing
$
Average yearly licensing fees (keep car)
$
Average yearly licensing fees (sell car often)
Future depreciation
Low
Average
High
Vehicle age (years)
Age of car at purchase
Purchase price
$
Price of car
Down payment
$
Down payment car
Interest rate
Loan rate car
%
Loan term (months)
Loan term car
Your savings interest rate
Rate earned on savings
%
Your state & federal tax rates
Tax rate
%
Sales tax rate
Sales tax rate on equipment
%