<prompt> Human: The plan in question Im currently driving a 10 year old car with 95k miles on it. I own it outright no payments. However, its started developing problems one of which is shifting so the issue could be a 200 sensor, or a 2500 transmission, and Ill probably have to spend around a grand or more to get it back into good condition its usable right now, but the shifting issue is bugging me. The other issue is the passenger side automatic door locks wont lock, requiring manual intervention. I had this fixed once before at the wonderful price of 500 and the fix lasted 2 weeks. The dealer has given me a similar price estimate to fix it again.Ive been looking at buying a new car and trading in my current car. Assuming 20k in financing, at 3 interest through my local credit union for 5 years, Ill have paid out 1500 in interest over the course of the loan, so in effect, my actual cost differential between the new car and the car Im driving is about 500 over paying cash for a new car or less.Honestly, I have little desire to get another car every 5 years Id like to get a reliable car and get on the 10-15 year plan.That said, Ive been looking at this Free cars for life plan, in addition to some of the other aspects of the Financial Peace University, but it strikes me as rather optimistic.Is this plan really too good to be true, or is there some merit? Will driving cars 10-15 years help this plan become more conservative and easier to actualize?  <response>: Its too good to be true. 12 every year is crazy talk. But, that doesnt mean it doesnt have merit. Maybe its half-off cars for life, which is still pretty good.And youre wrong about the cost differential. Your 20k car will be worth something like 9k. Your 10 year old car will only lose a couple grand in value. 