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Should you ever buy a new car?

Your old car can survive 6-figure mileage
Your old car can survive 6-figure mileage © Tootles/Shutterstock.com

It used to be that once a car hit 100,000 miles, it was destined for the junkyard. These days, 100,000 miles is merely the halfway point for a lot of vehicles. That's because many of the cars that rolled off the assembly lines in the past 10 years were designed to last much longer than their predecessors.

For independent mechanic Keith Exsterstein, it's not uncommon to see cars with 150,000, 170,000 or even 200,000 miles come into his shop, Keith's Auto Repair, just outside of New Orleans.

"The cars nowadays are built better in terms of reliability," he says.

Even economy brands such as Hyundai and Kia have stepped up and are staying in the game past the 100,000-mile mark, formerly a death sentence for those models of cars, he says.

It all comes down to car maintenance. If the owner diligently follows the manufacturer's maintenance schedule, a vehicle can survive well into the six-figure mileage range, Exsterstein says. "And if you don't do the maintenance, you're going to pay -- either in repairs or by having to buy a new car," he says.

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