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Benzinga
Benzinga
Business
Kaili Killpack

'Should I Replace The Car Before I Retire?' Soon-To-Retire Driver Debates Trading In 2016 Buick To Avoid Repairs On A Fixed Income

Lafayette,-,August,10,,2024:,Used,Car,Display,At,A

As retirement approaches, many people take stock of their financial needs — including whether or not their car will last the next chapter of life. One soon-to-retire driver, posting to Reddit, asked a simple but important question: Should I replace my 2016 Buick LaCrosse with 138,000 miles before retirement to avoid costly repairs later?

With retirement just over a month away, the driver explained they'll be living on a defined benefit pension and deferred compensation, with Social Security kicking in at 62. They weren't looking for anything brand new — just a one- to two-year-old used car with low mileage.

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