Sat May 10 2025, by Tyler Gardner

Retirement PlanningCar StrategyFinancial SavingsVehicle AdviceSmart Investing

The Smartest Car Strategy for Retirees

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1. Keep Your Car Longer

Cars now last over 200,000 miles with decent maintenance, which could save you tens of thousands of bucks right there.

2. Don't Dismiss Leasing

Though leasing is usually not the best deal, if you drive fewer than 10,000 miles a year and the interest rates are right, leasing could be great. It allows you to avoid sinking a large amount of upfront money into a depreciating asset.

3. Best Cars for Retirees

The best cars for retirees include the Toyota Camry, Honda CRV, and Subaru Outback. They offer cheap repairs, great mileage, and high resale value. On the flip side, be cautious of high-end brands like BMW, Mercedes, and Jaguar. They come with high depreciation, expensive repairs, and endless unnecessary headaches.

Conclusion

You know what's cooler than driving around in a Jag? Getting front row parking in Killington, Vermont, because you drive an Outback. Seriously, that's a thing. If any of this is helpful, sign up for my free newsletter by clicking the link in my bio.

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