Originally Posted By: WylieCoyote
Many years ago, I attempted to subscribe to the theory of low COO on an older car, and while it was indeed cheaper financially, it cost a lot in aggravation when one thing after another started going wrong. Water pump, dash lights, speedo cable, clutch, brake cylinders, wheel bearings, tie rods, master cylinder, alternator, valve lifters, ...this is just what I can remember having to replace. I found myself sitting aside the road, or sitting in repair shop waiting rooms far too often and it became clear that the cost of a new car was worth it. Dirt cheap to pay for and insure, but a pain to live with. I can't imagine trying to maintain a newer car past its prime when major computer components start going bad. $$$$
What you say is very true. But all cars are not equal; some cars are much better than others. I usually use Consumer Reports to find out the average reliability of a vehicle before I buy. For the most it isn't just luck when you get a trouble free vehicle. Some manufacturers use very high quality parts, and the results are going 200k-300k miles with the original starter, alternator, water pump, and etc.
The car in my signature (Echo) is exceptionally reliable, and even at it's miles I trust it. I believe that other Echo owners have the same experience. So far, I have had a dirty maf sensor, and one of the coils go bad. The maf sensor just needed a cleaning, and I got a replacement coil from Ebay for less than $20. The car has a bad relay for the AC, but I have never bothered to replace it. I expect it will be good for another 100k or more.