The New Math on Old Cars and Trucks

"...Jeremy Morris is used to friends making fun of the Toyota Tacoma he has driven for 24 years. He still insists it was one of the best money decisions of his life.

"The 45-year-old financial adviser in Coeur d’Alene, Idaho, estimates he saved more than $100,000 by never replacing the pickup. His ballpark figure factors in what he would have spent on a new car every five years, minus the roughly $20,000 he paid for repairs and upkeep over 300,000 miles...."

See Joe Pinsker's  piece in the WSJ about the economics of holding onto an old car or truck instead of re-buying every 5 years. 

You know the AL position on that issue.