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Cars That Owners Keep a Long Time
December 17, 2015
BankRate.com recently released a list of the 10 models that owners tend to keep for at least 10 years. The study looked at 2005 model year vehicles that were sold between January 1, 2015, to July 30, 2015, to see which ones owners held on to the longest. Vehicles that owners kept -- sometimes 1.7 times longer than the average -- were fully dominated by Honda and Toyota. See the full list below.
If you're considering purchasing any of these vehicles, I recommend you use TrueCar No Haggle and CarsDirect to get the best price from local dealers.
Vehicle | % of Original Owners Keeping Car for 10 Years | Times More Likely to be Held by Owner for 10 Years Compared with Avg |
---|---|---|
Honda CR-V | 28.6% | 2.1 |
Toyota Prius | 28.5% | 2.1 |
Toyota RAV-4 | 28.2% | 2.1 |
Toyota Highlander | 26.5% | 2 |
Honda Odyssey | 25.6% | 1.9 |
Toyota Sienna | 25.4% | 1.9 |
Toyota Camry | 24.4% | 1.8 |
Toyota Avalon | 23.8% | 1.8 |
Honda Pilot | 23.3% | 1.7 |
Honda Element | 23.1% | 1.7 |
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Select Vehicle to Get Local Pricing
Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
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