Optimal Finance Daily · Friday, July 10, 2026
By continuing to drive their aging vehicles, Jen Hayes and her husband save an estimated $5,000 per year on transportation costs. Their cars, one 16 years old and the other with nearly 200,000 miles, are paid off, leading to savings on car payments, insurance, and registration fees.
“Driving old cars, $5,000 per year.”
“My car is 16 years old. And my husband's car has nearly 200,000 miles on it.”
“Because both cars are paid off. And not having any car payments is awesome. We also save quite a bit on car insurance and tabs because our cars are so old.”