Since there was some confusion from a number of people about this, I figured a little post would be the easiest way to clear things up!
I am not at all interested in buying a replacement van right now, or really any time in the near future. If we managed to make my van last us for another 10 years, I’d be thrilled to pieces. I don’t think of my van as being particularly old (though it is 10 years old now) or worn out (it has nearly 100,000 miles on it) and I am not at all discontent with it.
The reason we’re starting to save now is that we know the van will not last forever (even if it is a Toyota!). At some point down the road (har-de-har-har) it will start to break down and will require massive, expensive repairs and at that point, we want to have the money saved to buy a replacement with cash. Since it takes a while to save up enough to buy a low-mileage used Honda or Toyota (our current van cost us $15,000 used), we thought it would be best to start saving now, while the need for a van is not even remotely urgent.
So don’t worry…I am not going to get rid of my van until it starts costing a ridiculous amount to maintain it. Ideally I’d like to get the money saved up for a van and be able to let the money sit and earn interest for a good long time before we have to actually spend it on a van. I’m mainly anxious to get the money saved up for a van because there are other goals I’m wanting to achieve (like paying down our mortgage) and those need to wait until the van fund is fully funded.
I hope that clears things up a bit. If it didn’t, ask away in the comments. 😉