The rich have been flogging this idea since cash for clunkers. That, because they run through cars like shit through a goose, you will too.
Speaking as a master diesel mechanic, this is a deleterious line of thinking for anyone with less than a few million dollars. Every car has 20 years of parts, and most Japanese cars have closer into 50 years of parts. Any engine built after 2010 will likely last half a million miles or more as a feature of quality control and automation alone.
Maintaining a well running vehicle long term with a local mechanic is always cheaper than buying a new car every 5 years, and just because insurance says its "totaled" doesn't mean it isnt fixable and safe to drive.
Speaking as a master diesel mechanic, this is a deleterious line of thinking for anyone with less than a few million dollars. Every car has 20 years of parts, and most Japanese cars have closer into 50 years of parts. Any engine built after 2010 will likely last half a million miles or more as a feature of quality control and automation alone.
Maintaining a well running vehicle long term with a local mechanic is always cheaper than buying a new car every 5 years, and just because insurance says its "totaled" doesn't mean it isnt fixable and safe to drive.