We have all heard about the economy and the big 3 auto issues. My company supplies rotors to foreign owned auto companies with factories in the USA. Last April we made 250,000 pieces. Last December we made only 50,000 pieces. So auto sales are down across all companies and I was wondering where the bottom is.
I currently own 3 cars and they are all paid for.
- The family car is a 2003 and had about 112,000 miles on it. Everything works well and we have no reason to get rid of it.
- My car is a 2004 and has about 45,000 miles on it. No problems her either.
- The third car we just bought for my son. It is a 1987 and has 109,000 miles on it. It has a few issues but we paid only $900 for it. So if we put another $1,000 into it, we will have a good car.
All three of these cars could easily last years as long as there are no accidents. With the economy what it is, I don't see any reason to buy a new or used car in the near future. I look around and there are cars everywhere. New car lots, used car lots, driveways with more than 2 cars, etc... From what I see most of them are in good shape.
So the questions are; How many miles are on you car? How much longer do you expect it to last? When do you expect to get your next car?