Who has 5000 cars?
The vast automobile collection that is frequently credited to Hassanal Bolkiah, 29th Sultan of Brunei, really belonged to Prince Jefri Bolkiah, his third brother. Sultan Hassanal Bolkiah of Brunei Darussalam, known as one of the world’s wealthiest monarchs, owns the largest private car collection globally. His collection features over 7,000 luxury vehicles, including brands like Rolls-Royce, Ferrari, and Lamborghini.
What is the cheapest old car to maintain?
Honda Civic: A compact car with a long-standing reputation for durability. Honda Accord: A midsize car that rarely disappoints in terms of maintenance. Toyota Corolla: Its longevity is legendary. Toyota Camry: Another Toyota model that promises fewer trips to the mechanic. In the face of high new-car prices, tariffs, and inflation, buying a used model from a brand with a good reliability record can help owners save money on their next vehicle. Of 26 brands, Lexus and Toyota top the list with a commanding advantage over third-ranked Mazda.According to a recent study by Consumer Reports, Toyota and Lexus were the most reliable vehicles in 2022.
What is a good budget for a car?
So, all in, you’re looking at a total budget that is no more than 20% of your monthly take-home pay in an ideal circumstance. While the 10%-15% rule for a car payment may not work for everyone, it’s a good starting point for finding a target price that won’t leave you scrambling to pay your bills every month. The rule addresses three components of car-buying: the (20%) down payment, (three-year) loan term and (8% of) your monthly budget. Following the rule could help you avoid a car purchase that overextends you financially.
What is a good mileage for a used car?
As a general rule, you should assume that the average car owner puts 12,000 miles on a car each year. To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that’s 5 years old is 60,000. The Sweet Spot: 3-5 Years Old For most buyers, the sweet spot for a used car tends to be around three to five years old and here’s why: Depreciation Slows Down – The biggest drop in value has has already happened, meaning your car’s likely to hold its price while you own it.How Age Affects Depreciation and Value. The sweet spot for used car buying is typically between 2-5 years old. During this period, cars have already undergone the sharpest depreciation (about 20-30% in the first year alone), making them significantly more affordable than a brand-new model.Cars are usually reliable for up to five years if they’ve been looked after. But a well-maintained 10-year-old car could be a better investment than a newer model that hasn’t been cared for as well. Budget is also a major factor. The older the model, the lower the cost.Consumer reports note that while the typical lifespan of a new vehicle is approximately 8 years or 150,000 miles, well-maintained vehicles can surpass 15 years and overcome 300,000 miles.A car’s age matters as much as its mileage. Even a car with low mileage can have issues if it’s old. Over time, parts like rubber seals, belts, and electronics degrade, even if the car isn’t driven much. An older car may also lack modern safety features found in newer cars, which can affect its long-term usability.