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Wouldn't buy any car with >20,000 miles on it
Posted by NickR (more from NickR) on Wed, 16 Nov 2005 13:49:06
In Reply to: New car/used car debate, -993-, Tue, 15 Nov 2005 23:25:54
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I think I got a much better deal with my 03 Vector by buying it VERY slightly used. It was only a year old and had just over 4,000 mileson it when I bought it, AND it was a CPO - to 100k - which was a huge plus for me. That 1 year and 4k and "used" stigma saved me close to 9,000 off the new cars (25.5k vs. 34k new at the time), PLUS i have a longer warranty than the new car.
I would never buy a car for myself with more than 20,000 miles on it because I just drive to much. I need to keep a car for at least as long as it takes to pay it off - so at least 4 years. Buying a car with more miles is looking at selling it with 120000 or more, which is already making me nervous.
I know its just my experience, but I bought a 92 Passat back in 1999. The car had 100k on it. I drove it in one year to 125k and it cost me nearly $5,500 in repairs, (to be fair that includes tires for $400 and a dent repair for $450), on top of gas / insurance / etc. I had spark plugs fail, piston rings fail, clutch fail, fuel pump fail - the car was in the shop constantly. That's why when I bought a new car i was ALL about the warranty.
Good luck
Nick
posted by 63.116.22...
Posts in this Thread:
- New car/used car debate, -993-, Tue, 15 Nov 2005 23:25:54
- Thanks for all the comments and.., -993-, Thu, 17 Nov 2005 20:11:55
- Just look at the depreciation curve..., STICKMAN, Thu, 17 Nov 2005 06:14:45
- Re: New car/used car debate - longish, johnf, Thu, 17 Nov 2005 00:39:46
- It's more about what you think you can afford...., Mike Lynch
, Wed, 16 Nov 2005 21:38:47 - Re: New car/used car debate, Ernesto
, Wed, 16 Nov 2005 18:14:10 - Wouldn't buy any car with >20,000 miles on it, NickR, Wed, 16 Nov 2005 13:49:06 <-- Viewing This Message
- Good thread. It's not a simple answer.. (longish), Noel, Wed, 16 Nov 2005 12:08:48
- Don't you think that it's not all about money., J, Wed, 16 Nov 2005 11:41:21
- Re: New car/used car debate, mb25, Wed, 16 Nov 2005 11:30:51
- Re: New car/used car debate, kooch, Wed, 16 Nov 2005 10:23:02
- Re: New car/used car debate, PaulO, Wed, 16 Nov 2005 08:49:55
- Re: New car/used car debate, OKSaabs, Wed, 16 Nov 2005 08:42:26
- Need a spray can with "new car" smell..., LeoNL, Wed, 16 Nov 2005 08:18:42
- Figure the cost per mile to drive new or used car..., JBack, Wed, 16 Nov 2005 07:49:40
- It' really not that simple...., Herb Hirsch
, Wed, 16 Nov 2005 06:20:47 - Re: New car/used car debate, JimBlake
, Wed, 16 Nov 2005 06:16:19 - Not an econ major but..., NateinAA, Wed, 16 Nov 2005 05:00:17
- Re: New car/used car debate, SaabSpeed, Wed, 16 Nov 2005 03:15:40
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