Recent years have seen a shift in car owner mentality, with stats showing that U.S. drivers are holding on to their vehicles longer than ever before. According to S&P Global Mobility, the average vehicle age hit a record 12.6 years old in 2024. But while modern vehicles are built to go the distance, this growing trend has important implications when it comes to repairs, maintenance, and coverage options like extended warranties.

Understanding the many challenges of aging vehicles is essential for their owners. As factory warranties expire and auto shop costs rise, knowing how long to keep a car and how to ensure it’s protected has never been more important.

Why Americans Are Holding on to Cars Longer

So why are drivers holding onto their cars for longer? There are a few key reasons:

1. Rising new vehicle costs
2. Cars are built to last
3. Changing automotive technology
4. Environmental awareness
5. Economic, supply chain, and inventory challenges

Rising Vehicle Costs

New vehicle prices continue to climb, with the average cost now over $45,000. High interest rates and inflation are making it more difficult for many households to upgrade to a newer car. As a result, drivers are opting to hold on to their current vehicles for longer.

Vehicles Are Built to Last

Advancements in automaker manufacturing and auto industry technology have significantly improved vehicle durability. With routine maintenance, today’s vehicles can reliably exceed 200,000 miles. This has made keeping a vehicle longer a practical choice for many drivers.

Changing Auto Landscape

With electric vehicles still being relatively new to the market, and ongoing questions about charging infrastructure, many drivers are hesitant to make the leap to this emerging technology. Rather than commit to something unfamiliar, drivers are sticking with their tried-and-true vehicles.

Environmental Awareness

Holding on to a vehicle longer isn’t just financially smart, it’s also environmentally responsible. Reducing turnover and extending a car’s lifespan can significantly lower the carbon footprint associated with new vehicle production and disposal.

Supply Chain, Inventory, and Economic Challenges

Global supply chain disruptions have created vehicle shortages and limited inventory at dealerships, as well as an uncertain American economy. This has made it even more challenging for consumers to find the new car they would like or can afford, leading many to delay vehicle purchases and instead focus on preserving and maintaining what they already own.

The Financial Implications of Aging Vehicles

While keeping your car longer can be a great way to save money, older, higher-mileage vehicles often come with increased maintenance and repair needs.

Car Repairs Are Getting More Expensive

Older vehicles are more likely to experience wear-and-tear-related issues, from transmission failures to engine trouble. Times are tight, and more drivers are delaying repairs or opting for budget fixes. These kinds of decisions can lead to more expensive breakdowns later down the line.

Common repairs can run anywhere from $500 to over $3,000, depending on the issue. Without an extended warranty (more accurately referred to as a vehicle service contract), those bills can hit hard, and usually when you least expect it.

Out-of-Warranty Risks

The average manufacturer warranty expires at 3 years or 36,000 miles. After that, you’re financially responsible for any issues that might arise. With more vehicles on the road today exceeding the 100,000-mile mark, it’s no surprise that aftermarket auto warranties are growing in demand.

Hidden Costs of Vehicle Ownership

Aside from repairs, aging vehicles can bring added costs in the form of reduced fuel efficiency and higher emissions. These hidden costs often go unnoticed until they begin to impact daily driving or strain your wallet. Smart car owners are mitigating these risks through regular maintenance and tailored protection plans.

The Role of Extended Warranties and Vehicle Service Contracts

For many long-term vehicle owners, an extended warranty or vehicle service contract isn’t just a nice-to-have. It’s an essential investment.

Extended warranties are designed to provide financial protection after the manufacturer’s warranty expires. These contracts typically cover major systems such as the powertrain, transmission, and air conditioning, though coverage varies depending on the plan. This kind of protection can save car owners thousands of dollars per year in auto repairs and offer greater confidence on the road, especially as vehicles get older.

One of the key benefits of extended warranties is the predictability they offer. Instead of facing large, sudden repair bills, drivers can manage costs with affordable, consistent monthly payments. This allows for better budgeting and less financial stress when the inevitable breakdown happens.

Moreover, having an extended car warranty can enhance your vehicle’s resale value should you eventually come to sell. These contracts are often transferable, making your vehicle more attractive to prospective buyers who want assurance that the car they’re purchasing is protected.

Routine Maintenance Tips for Prolonging Vehicle Life

Keeping your car on the road longer starts with staying on top of regular maintenance. Here’s what to prioritize:

Under the Hood

• Oil Changes: Change your oil and oil filter according to your vehicle’s schedule.
• Tire Care: Rotate tires regularly and check tire pressure to prevent uneven wear.
• Brake Inspections: Don’t wait until you hear squealing; have brakes inspected annually.
• Fluid Checks: Maintain proper levels of coolant, transmission, brake, and steering fluid.
• Battery Health: Test your battery regularly and clean corrosion from terminals.
• Scheduled Service: Follow your owner’s manual for manufacturer-recommended service intervals.

Interior and Exterior Upkeep

• Wash and Wax: Regular cleaning protects your car’s paint and prevents rust.
• Interior Care: Clean upholstery and use protectants to prevent fading or cracking.
• Windshield and Wipers: Replace wiper blades regularly and check for windshield cracks.

Evaluating When to Repair vs. Replace

At some point, every car owner wonders: Is it worth fixing, or is it time to move on? Signs that you should perhaps start looking for a new vehicle include:

• Frequent Breakdowns: Constant repairs could signal a car reaching the end of its lifespan.
• High Repair Bills: If one major repair costs more than your car’s value, it might be time to reassess.
• Safety Concerns: Older cars may lack crucial safety features like advanced airbags or lane-keeping systems.
• Changing Needs: A growing family or longer commute might mean your current vehicle no longer fits your lifestyle.

It’s important to remember, however, that many issues can be addressed affordably with the right support in place. An extended car warranty can make the difference between giving up on a vehicle and giving it a second life. If the frame and engine are sound, and you have the right auto protection plan in place, your car could easily last another 50,000 miles or more.

How Endurance Can Help You Drive Longer

At Endurance Warranty Services, we understand that modern vehicles are built to go the distance, and we’re here to make sure you get the most out of yours. Our auto protection plans are thoughtfully designed to keep your vehicle in top running condition while protecting your wallet from the rising costs of unexpected repairs.

We offer tailored auto protection plans for every type of driver and vehicle, including coverage for cars with more than 150,000 miles on the odometer. Whether you need basic powertrain protection or a more comprehensive contract, there’s an Endurance solution that matches your needs, driving habits, and budget.

Beyond mechanical coverage, Endurance plans are packed with perks for even greater value for money. Benefits like 24/7 roadside assistance, trip interruption coverage, and rental car reimbursements provide essential assistance when life throws you a curveball. We also partner with the RepairPal Certified Network, which offers access to up to 3,900 licensed repair shops nationwide. In addition, Endurance customers also receive a year’s access to Elite Benefits, adding on key fob replacement, tire coverage, collision discounts, and windshield repair.*

With Endurance by your side, you aren’t just ensuring your vehicle stays dependable. You’re investing in driving confidence.

Help Your Car Go the Distance with Endurance

Keeping your car longer can be a smart choice for a number of reasons, but it doesn’t come without risk. As a vehicle’s age increases, so do the chances of unexpected breakdowns and expensive repair bills. That’s why it’s more important than ever to stay on top of regular maintenance and consider the added protection of a vehicle service contract.

With an Endurance Warranty plan, you’ll have all the support you need to keep your car running for years to come. If you’re ready to protect your vehicle for the long haul, call an Endurance advisor at (800) 253-8203 or request a FREE quote online. You can also head over and shop our eStore to see plan recommendations and pricing immediately.

Check out our extended warranty blog, which has plenty more articles and resources for you to explore!