One soon-to-retire driver questioned whether to replace their 2016 Buick LaCrosse with 138,000 miles before retirement to avoid future costly repairs. The driver planned to live off a pension, deferred compensation, and Social Security, seeking a one- to two-year-old used car with low mileage for peace of mind and minimal maintenance costs.

Fellow retirees, financial experts, and auto professionals advised the driver to keep driving the Buick until repairs outweigh its value. Some shared personal strategies, like buying a reliable car for cash after retiring and saving for future repairs. Buying new cars during retirement can strain budgets, especially with increasing market prices.

Commenters suggested setting aside a “car fund” for future repairs, emphasizing the importance of preparing for unexpected expenses during retirement. Some retirees opt for fewer vehicles and alternative transportation like ride-shares or public transit to save money. Ultimately, holding onto a reliable vehicle can provide peace of mind and financial stability during retirement.

It’s not just about money — it’s about ensuring financial security and avoiding unexpected expenses during retirement. The consensus from experts and retirees is to hold onto a reliable vehicle unless necessary and financially feasible, prioritizing peace of mind in the golden years. Planning for future car repairs and considering alternative transportation can also help save money and reduce stress.

Read more at Yahoo Finance: ‘Should I Replace The Car Before I Retire?’ Soon-To-Retire Driver Debates Trading In 2016 Buick To Avoid Repairs On A Fixed Income