Car owners are breaking out of the buy-a-car-every-few-years cycle, opting to drive their current vehicles and repair them instead, a recent survey shows. More are holding onto their cars longer, and many are putting more miles on their current vehicles — 50,000 or more — than on their previous vehicle, with a majority planning to keep their ride until it dies. The survey, conducted by online auto repair resource AutoMD (automd.com), also revealed that the economy is influencing many to do their own repairs and pay closer attention to maintenance on their current vehicle. Times wires
Keeping car longer
50%Nearly half say their current vehicle had over 100,000 miles.
13%Planned to drive their current vehicle for 150,000 or more miles.
56%Planned to drive their current vehicle until it dies.
77%Nearly four in five plan to drive their current vehicle for 50,000 (or more) miles than they drove their previous vehicle.
12%Fewer than 12 percent said they will keep their current vehicle for fewer miles than their previous vehicle.
54%Spent $500 or more on yearly repairs to their vehicle.
21%Spent $1,000 or more.
44%Say tight budgets are driving them to pay more attention to maintenance and repairs or do the repairs themselves.
25%About one-fourth of the survey respondents said that "in this economy, I simply can't afford not to" hold onto their vehicle for 100,000 miles or more.
30%Almost 30 percent indicated that being vigilant with repairs and service should keep it in good running condition.
The survey was conducted online among car owners in December 2009 and January 2010.