In 2021, Forbes shared that 97.1% of households in the United States had at least one vehicle. With rising interest rates and inflation, Reuters claims that the average age of U.S. cars and light trucks is 12.5 years. For some people, car ownership can be one of the biggest purchases they’ll ever make in their life, next to buying a home. Not to mention, you can expect to pay thousands in maintenance, insurance, and emergency repairs throughout the years.
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