• Sample Page

Hanover Mortgages

The Refined Mortgage Lending Company & Home Loan Lenders

10 Cars You Are Most Likely to Keep for 15 Years

January 20, 2021 by Brett Tams
Happy couple driving in their car
Photo by Dusan Petkovic / Shutterstock.com

If you are looking for a car — and hoping it will last for a decade and a half — we’ve got one bit of advice for you: Buy Japanese.

That was the takeaway of iSeeCars’ 2021 ranking of vehicles that people keep the longest.

The car search engine found that all 10 vehicles that original owners were most likely to keep for 15 years or more were from Japanese manufacturers.

Toyota models dominate the latest annual ranking, taking seven of the top 10 spots. Honda models hold two spots, and a Subaru holds one.

Karl Brauer, executive analyst for iSeeCars, notes:

“Japanese vehicles, especially Toyota and Honda, are known for their reliability and durability and attract practical consumers who want vehicles that can be kept on the road as long as possible. Drivers are more likely to hold onto cars that they know they can rely on and don’t require a great deal of expensive maintenance.”

The top 10 vehicles in the 2021 ranking are:

  1. Toyota Prius — 13.7% of cars that are 15 years or older are kept by their original owners
  2. Toyota Highlander — 12.4%
  3. Toyota Tacoma — 11.6%
  4. Toyota Sienna — 11.5%
  5. Toyota Tundra — 11.3%
  6. Honda CR-V — 10.7%
  7. Honda Pilot — 10.4%
  8. Subaru Forester — 9.8%
  9. Toyota 4Runner — 9.4%
  10. Toyota Sequoia — 9.1%

In compiling its latest annual ranking, iSeeCars analyzed data on more than 660,000 cars from model years 1981-2005 that were sold in 2020.

On average, 6.1% of all those vehicles had been kept by the original owner, the analysis shows.

In other words, Toyota Priuses that are at least 15 years old, for example, are more than twice as likely to still be in the hands of their original owners, compared with the average car that age.

That’s perhaps unsurprising, considering that Brauer says the Prius is known for its fuel economy — and owners effectively maximize their gas savings by driving the car longer.

The hybrid vehicle also boasts low ownership costs, Brauer notes.

A recent survey by Consumer Reports supports that, too, as we detail in “This Type of Car Costs Less to Fix, Needs Fewer Repairs.”

The poll of hundreds of thousands of Consumer Reports members found that owners of electric vehicles and plug-in hybrid vehicles spend half as much on car repairs and maintenance as owners of gas-powered cars,

In the United States, the Prius was first introduced for the 2001 model year, and the plug-in version has been available since the 2012 model year.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Source: moneytalksnews.com

Posted in: Moving Guide Tagged: All, Buy, cars, Financial Wize, FinancialWize, fuel economy, gas, More, Original, savings

Archives

  • January 2023
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • October 2020

Categories

  • Account Management
  • Apartment Communities
  • Apartment Decorating
  • Apartment Hunting
  • Apartment Life
  • Apartment Safety
  • Auto
  • Auto Insurance
  • Auto Loans
  • Bank Accounts
  • Banking
  • Borrowing Money
  • Breaking News
  • Budgeting
  • Building Credit
  • Building Wealth
  • Business
  • Car Insurance
  • Car Loans
  • Careers
  • Cash Back
  • Celebrity Homes
  • Checking Account
  • Cleaning And Maintenance
  • College
  • Commercial Real Estate
  • Credit 101
  • Credit Card Guide
  • Credit Card News
  • Credit Cards
  • Credit Repair
  • Debt
  • DIY
  • Early Career
  • Education
  • Estate Planning
  • Extra Income
  • Family Finance
  • FHA Loans
  • Financial Advisor
  • Financial Clarity
  • Financial Freedom
  • Financial Planning
  • Financing A Home
  • Find An Apartment
  • Finishing Your Degree
  • First Time Home Buyers
  • Fix And Flip
  • Flood Insurance
  • Food Budgets
  • Frugal Living
  • Growing Wealth
  • Health Insurance
  • Home
  • Home Buying
  • Home Buying Tips
  • Home Decor
  • Home Design
  • Home Improvement
  • Home Loans
  • Home Loans Guide
  • Home Ownership
  • Home Repair
  • House Architecture
  • Identity Theft
  • Insurance
  • Investing
  • Investment Properties
  • Liefstyle
  • Life Hacks
  • Life Insurance
  • Loans
  • Luxury Homes
  • Making Money
  • Managing Debts
  • Market News
  • Minimalist LIfestyle
  • Money
  • Money Basics
  • Money Etiquette
  • Money Management
  • Money Tips
  • Mortgage
  • Mortgage News
  • Mortgage Rates
  • Mortgage Refinance
  • Mortgage Tips
  • Moving Guide
  • Paying Off Debts
  • Personal Finance
  • Personal Loans
  • Pets
  • Podcasts
  • Quick Cash
  • Real Estate
  • Real Estate News
  • Refinance
  • Renting
  • Retirement
  • Roommate Tips
  • Saving And Spending
  • Saving Energy
  • Savings Account
  • Side Gigs
  • Small Business
  • Spending Money Wisely
  • Starting A Business
  • Starting A Family
  • Student Finances
  • Student Loans
  • Taxes
  • Travel
  • Uncategorized
  • Unemployment
  • Unique Homes
  • VA Loans
  • Work From Home
hanovermortgages.com
Home | Contact | Site Map

Copyright © 2023 Hanover Mortgages.

Omega WordPress Theme by ThemeHall