We keep vehicles for a long time, our newest is a 2014. We have paid cash for the last 2 we have bought because those were the years or earning nothing on your savings. We did finance the Mazda for 36 months because Mazda had .9% APR and no early payoff penalty. I would use financing at a rate under 3% these days, and earn 4% on that same money from a savings account at a bank.