Originally Posted By: AZjeff
Man, honestly don't get the back-slapping kudos for buying a 275K $400 beater. Was thinking along the lines of hope things get better for you buddy....
First, the OP is in Canada. Cars are typically much more expensive up there, even if something is wrong with it.
Second, it's a generally solid car that could likely be worked on to make a bit nicer if so inclined. That means more profit when selling eventually.
Lastly, having a reliable car that drives far better than it looks can help avoid attention. Like if one owns rentals in a formerly nice part of town, rolling up in a "nice" car attracts the wrong sort of attention quickly. Rolling up in a reliable beater is nice for that reason.