I know - a bit like how long is a piece of string.
Currently I drive a 2008 BMW 120d E87 My07 U 5d Hatchback 6 speed automatic, 4 cyl diesel turbo, 2.0l . That’s almost 18 years old. Cost me around $45K before trade in back in 2008.
Total distance to date 107,000 kilometres.
The car had an ANCAP 5 star rating when bought. Leather interior. Average sound system - but I listen to news radio 90% of the time anyway, so it seems fine. I have had an after market CarPlay system professionally installed with a wired backing camera. The car came with rear backing sensors only.
Overall it's in very good condition IMHO - no significant exterior damage at all; interior in very good condition; complete service history.
New tyres (Run flats) about 7000km ago and a new battery in the last 2 months.
New brakes probably 20,000 km ago….
Always garaged undercover in a lock-up garage.
Currently fuel consumption according to the instrument cluster averages around 6l/100km.
Mechanically AFAIK it runs perfectly.
I can get from Canberra to the other side of Melbourne easily on a single tank of diesel - approx. 700km.
Currently I have “market value” comprehensive insurance for around $500/yr.
Nowadays I drive around Max 100-125km/week with a few longer distance trips a couple of times a year (Canberra->Melbourne/Sydney etc). Overall around/just-over 5000km/year.
Looking at current market value - private sales are around $5500. :-( . However I am definitely more of a trade in than private sale type of person.
There's no one in the family to pass it on to, and no room to keep it AND a new car.
Why am I even considering a new car? Well this one is relatively old, outdated stylistically and electronically ( I like gadgets :-) ); it’s diesel which I gather is also not the best environmentally and I like the concept of a hybrid - although I am aware of the arguments against them and their manufacturing costs etc. I don’t want this to become an old car that starts “falling apart” with the inconvenience of having it off the road irregularly; I also don’t want a NEW car that fails to perform at least equivalently and has limited distance for the few times I drive interstate.
Whilst not looking for new car recommendations I would add that I would be looking for a new Hybrid something like a compact SUV - Hybrid Corolla cross, Nissan Qashqai etc..not interested in all electric although you may think they would be ideal for me.
So the question is - do I drive it “into the ground” and then get a new car OR do I trade it in/sell it NOW and get a new car?
Perhaps Drive it until I hit 150k? (That’s at least another 5-10 years!)
When do you decide the time is right to get a new car?
Open to opinions :-)
When you have more money in the bank and all the other wants are satisfied.