Making Daily Headlines · Page 2
New Cars Cost Over $50,000, So Old Cars Get a Promotion
· New York time
Many Texas drivers are trying to keep older cars on the road as gas prices climb and new vehicles cost more than $50,000 on average. Finding affordable repairs can be difficult: independent garages are becoming harder to find, and dealership service can be expensive. The result is a change in the household calculation. A new car brings a large purchase price, while an older one needs maintenance and occasional repairs. Keeping the old vehicle is not free, but it can postpone a much bigger bill. The search for someone to do the work is becoming part of the cost of ownership too. For drivers, the car that once seemed ready for retirement may now be the household's most important continuing project. The showroom offers a fresh model and a fresh payment. The garage offers the possibility that the familiar one can go a little farther. The industry likes to celebrate the latest model year. Many owners are celebrating a different milestone: another year in which the old one starts. A repair bill may not be glamorous, but next to the average price of a new car, it can look like a very modest luxury.
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