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Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4937652 11/28/18 11:47 AM
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28oz Offline
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Ditto on all the high mileage, but maintained cars. The average car payment in the US is now over $500 a month. With my "old and high mileage" vehicles, I don't spend near that much in an entire year on maintenance and the odd replaced part on each. Buying a decent used car is way better financially, IMO and experience.


-----------------
1990 Nissan 300zx VG30DE - PP Euro 0W-40
2004 Nissan Quest VQ35DE - PP Euro 0W-40
2003 Ford Excursion 7.3 PSD - Rotella T6 5W-40
2005 Ford Taurus 3.0 Vulcan - Havoline HM 5W-20
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4937662 11/28/18 11:58 AM
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WyrTwister Offline
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A lot of that depends on if you can DIY the repairs . Makes a BIG financial difference . And try to buy parts at a reasonable price . ( I shop RockAuto.com & Advance Auto with the speed perks discount , and have the majority of the tooling )

Another consideration is your age and physical condition . I an rapidly reaching the point on both , where my DIY'ing will diminish .

We have purchased the last 3 cars by internet shopping . For example , a lower cost , older car with moderate miles ;

https://www.cargurus.com/Cars/inven...ampleListingsTitleLink#listing=225445421

Of course , when I was growing up , an American car was burning oil , enough to consider trading / replacing / overhauling by 100,000 miles . 160,000 is the most I have ever had on a car . Trany went out on a 1996 Chevy Lumina 4 door sedan . Car was not worth the repair . Ended up selling it for $ 300 . Motor was still OK . Never added a quart of oil to it .


Wyr
God bless
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4937671 11/28/18 12:09 PM
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Kjmack Offline
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If buying a used car more than 2 years old I think garage kept is a good idea if you car about appearance . So much rubber and plastic everywhere these days , plastic headlights , taillights etc. Myself I would never buy a car with over 20k .Why you ask , I do not agree with 10k OCI , and never will .

Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4937701 11/28/18 12:30 PM
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JeffKeryk Offline
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Another option is Hertz used cars. I have helped several friends get cars there, and all were good deals.
2017 Rogue, 2015 Altima, 2015 Sentra, 2016 Yaris (dinky car but drove well).

If you wanna go cheaper, I tend to look for Accords, as they seem to hold up well.

For higher end cars, of course you wanna be extra careful.
Earlier this year I bought a Lexus CPO (certified) 2013 GS350 F Sport for $22,300.
I wanted the CPO because these cars are loaded with electronic technology. If something goes, it is big bucks.
The CPO cars come with extended warranty.


2018 Tesla Model 3, Medium Range Battery
2018 Lexus RX450h
2013 Lexus GS350 F Sport
2006 Acura TSX
2001 Tundra Access Cab, 1998 Accord LX, 1968 Corvette L36 Roadster, 1965 Olds 4-4-2
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4937790 11/28/18 01:34 PM
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maxdustington Offline
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Originally Posted by Kurtatron
When I bought my used vehicle, I got it near 200k miles and with faded paint. The price was $2700. Years later I saw the same vehicle with 70k miles and with clean paint. But the price was $8000. Fast forward, I sank $3500 into the 200k vehicle I purchased due prior owner negligence. That 3.5k bought a low miles engine that has been running fine for nearly 2 years now. Other tidbits were replaced also, like engine mounts, water pump, etc.

What do you guys think is a better option? From 2 perspectives, financial and preference. Is it better to take a cheaper worn out car and use the extra money to budget repairs or spend the extra on a lower mile example? Financially, what’s better? Finances aside, which would you take?
It depends, but if you do the work yourself then it is a no brainer, that is how you save money on cars. Buying something that is clapped out and on it's original suspension and timing belt at 150k miles is different than a newer car that the owner is trying to unload before it's next big service interval.

I guess it really depends on how much time or mileage you can get out of it versus how much you pay. If you are desperate and you think the car will pass emission/safety inspection easily even though it is in bad condition due to neglected maintenance, why not?

I wouldn't buy a $2700 car and pay a shop $3500 for repairs, that's a little ridiculous. Penny wise, pound foolish.


03 Jetta AWP/09A 210k kms
Edge 0W40 + Mann 719/30
Re: Used car purchasing: repairs vs mileage [Re: maxdustington] #4937843 11/28/18 02:29 PM
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supton Offline
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Originally Posted by maxdustington
I wouldn't buy a $2700 car and pay a shop $3500 for repairs, that's a little ridiculous. Penny wise, pound foolish.

Seems foolish but I could see it making sense, at least in some situation (every situation being unique). I picked up my Camry from $1,500 and put $1,500 into it. $1,200 or $1,300 was actual work, the rest was stereo & trailer hitch. Outside of welding the flexpipe ($200, ouch) the rest I did myself--mounted tires in order to save $70, timing belt and the oil pump seal, valve cover gasket, odds and ends. A shop would have charged over $3k I bet for what I did. All the same: 2 years and 54k, and counting.

I guess since most people couldn't do that out of pocket it changes the scenario, but I could see it working. Me, I could have written it off at any time as an experiment, so I guess it doesn't count--I was willing to gamble. Nothing ventured, nothing gained.


2011 Toyota Camry, base, 2.5L/6MT, 189k, hers
2010 Toyota Tundra DC, 4.6L/6AT, 153k, ours
1999 Toyota Camry LE, 2.2L/4AT, 211k, his
Re: Used car purchasing: repairs vs mileage [Re: supton] #4937938 11/28/18 04:03 PM
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Patman Offline
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Originally Posted by supton
I think it's the luck of the draw.


I totally agree. A good friend of mine bought a 1999 Civic sedan many years ago for $150, it had about 60,000 miles on it and looked in rough shape. But he kept that car about 6 or 7 years, put about 300,000 miles on it, and spent maybe $1000 in repairs during that time. He could have kept driving it too, as it was still mechanically good but he got a newer car so that he could do Uber and Lyft.


2018 Corvette, 16k, M1 ESP Formula 5w30 & NAPA Gold
2006 Civic EX Coupe, 151k, PUP 5w20 & Fram Ultra
2010 BMW 328i X-Drive,120k, GC 0w40 & Fram Ultra

Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4940170 11/30/18 09:59 PM
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oliveoil Offline
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It depends. I only look at moderate mileage with good records. Win win. I buy used. Drive them to the end.

Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4940651 12/01/18 12:42 PM
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CourierDriver Offline
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This is from Dave Ramsey on youtube.............his opinions.




800,000 folks die each year from congestive heart failure..
If guns are dangerous, then pencils cause bad grades..
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4940844 12/01/18 04:33 PM
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tiger862 Online Content
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I did cheap used cars for years as mechanic and drove for couple years then replaced when I found something better. Then back goes out so had to finance 06 Saturn in 2010 with 85k which wife loved SUV then recently needed electrical repairs which meant laying on back inside car or pay high dealership fees so I traded in for 18 Grand Caravan with 3k for 19k. Smartest thing I did was build credit up with overpriced Saturn so I could get vehicle with lower mileage and higher warranty. I did get 50k on Saturn in 8 years so hopefully Caravan will last


Tiger862
2018 Grand Caravan
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4944383 12/05/18 05:28 PM
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The key is finding something with low miles AND maintenance records.

Even then, you need to have it inspected with a fine tooth comb for anything requiring replacing. Don't buy things that are rusted out.

I wouldn't hesitate to buy a low mileage vehicle from the northeast that's been oil sprayed and properly maintained.

I have two cars now - an older truck with low miles, and a newer car with higher miles. The newer car is at the point where it is always having something going wrong on it. Nothing major, but it's still annoying. The truck has been bulletproof (knock on wood) and rides like a new car.

On the flip side, my parents bought a low mileage but older car that ended up blowing a headgasket - it was 10 years old and never had the Dexcool coolant changed on it.

I personally wouldn't buy something with more than 100k on it unless it's a second vehicle and you have time to work on it. I try to find something driven ~ 5000 miles a year or so. YMMV.


Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4945199 12/06/18 04:53 PM
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Do an honest cost per mile assessment.

You may find that a well purchased, reliable, brand new car is no more that 3-5 cents per mile more than a used car.

Keep in mind the capital costs of a vehicle are often well less than lifetime operational costs.

I think the very lowest cost option is to purchase a simple and robust vehicle new, and drive it until it’s totalled or the owner passes away.


People who count on their fingers should maintain a discreet silence.
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4945626 12/07/18 04:24 AM
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Buy a used Buick, it's almost a guarantee that it was owned by a little ol' lady and gently used grin2


89 GMC Sierra Advanced 5w30/51036 Wix
08 Lucerne CX Advanced 5w30/1040 Gold
18 Toro Super Recycler VWB SAE 30
Re: Used car purchasing: repairs vs mileage [Re: Duffyjr] #4945636 12/07/18 05:57 AM
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Originally Posted by Duffyjr
Buy a used Buick, it's almost a guarantee that it was owned by a little ol' lady and gently used grin2


My friend has a 2000-2005 model LeSabre in high school... drove like it was on a cloud while 4 big 17-18 year old dudes screamed Adele from the top of their lungs with the 2 12” Kicker subs going through downtown. banana


2016 Chrysler 300S v6
2018 Dodge Grand Caravan GT

Slight Mopar obsession
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4945838 12/07/18 11:56 AM
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A new car has 5000 parts that could inexplicably fail. A 12 year old mass market car has ten things that are likely to go, and have beefed up replacement aftermarket parts that are cheaper than OE. When it goes, mechanics are already familiar with the job, and the diy guy has YouTube videos to help.

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