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Re: Used car purchasing: repairs vs mileage [Re: Cujet] #4945912
12/07/18 12:35 PM
12/07/18 12:35 PM
Joined: Jun 2014
Posts: 2,842
Phoenix, Arizona - USA
SirTanon Online content
SirTanon  Online Content
Joined: Jun 2014
Posts: 2,842
Phoenix, Arizona - USA
Originally Posted by Cujet
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.


Okay.. Let's carve that right down the middle and say 4 cents more/mile.

My daily driver has 266,000 miles on it. Going on your premise, above, that would equate to $10,640 extra spent.

Or, if we look at it another way, it was about $25,000 new. I paid $5,600 for it in 2014. That's nearly $20,000 less.


2010 Ford Fusion SE - 2.5 liter/6F35 Trans - 268,000mi
2014 Nissan Altima SL - 2.5 liter/CVT - 61,000mi
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4947790
12/09/18 09:44 PM
12/09/18 09:44 PM
Joined: Dec 2012
Posts: 1,464
New Mexico, USA
jimbrewer Offline
jimbrewer  Offline
Joined: Dec 2012
Posts: 1,464
New Mexico, USA
Sort of depends on your situation, doesn’t it? If you live three miles from work in a city/suburban situation, you have a lot more ability to take a chance than a guy who lives in the country and drives a lot of miles.

Also depends on market conditions at the moment you buy. Right now, there are few scenarios where a used 2 wd sedan wouldn’t be better than new. For a new 4x4 (basic trim) pickup truck, you might be better off with new if you plan to keep it a few years.

Re: Used car purchasing: repairs vs mileage [Re: SirTanon] #4948285
12/10/18 01:56 PM
12/10/18 01:56 PM
Joined: Feb 2003
Posts: 7,852
Jupiter, Florida
Cujet Offline
Cujet  Offline
Joined: Feb 2003
Posts: 7,852
Jupiter, Florida
Originally Posted by SirTanon
Originally Posted by Cujet
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.


Okay.. Let's carve that right down the middle and say 4 cents more/mile.

My daily driver has 266,000 miles on it. Going on your premise, above, that would equate to $10,640 extra spent.

Or, if we look at it another way, it was about $25,000 new. I paid $5,600 for it in 2014. That's nearly $20,000 less.


Can one spend $20,000 less for the same $25,000 car?

Really we can't categorize the low cost of a used (up) car in a valid cost per mile comparison.

So, let's go back to my original statement. A valid cost per mile assessment includes operational costs. Operational costs are known to be higher when purchasing a used vehicle. In fact, operational costs are minimized when purchased new, retained for a long time, and maintained very well.

Please understand, I'm not here to claim that purchasing a new car is the right option. I am saying that cost per mile really does not vary by as much as people tend to think (by class of vehicle) The IRS allows 55 and 1/2 cents per mile, not because they feel like letting us keep our money. But because that's pretty close to real world operational costs for an average car. It is nowhere near close for modern trucks, which can cost as much as 50 cents per mile in capital costs alone!

Last edited by Cujet; 12/10/18 01:57 PM.

People who count on their fingers should maintain a discreet silence.
Re: Used car purchasing: repairs vs mileage [Re: eljefino] #4948289
12/10/18 01:59 PM
12/10/18 01:59 PM
Joined: Feb 2003
Posts: 7,852
Jupiter, Florida
Cujet Offline
Cujet  Offline
Joined: Feb 2003
Posts: 7,852
Jupiter, Florida
Originally Posted by eljefino
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.



Not if you purchase a Toyota Yaris smile


People who count on their fingers should maintain a discreet silence.
Re: Used car purchasing: repairs vs mileage [Re: Cujet] #4948305
12/10/18 02:28 PM
12/10/18 02:28 PM
Joined: Nov 2018
Posts: 49
Florida
Traffic242 Offline
Traffic242  Offline
Joined: Nov 2018
Posts: 49
Florida
Originally Posted by Cujet
Originally Posted by eljefino
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.



Not if you purchase a Toyota Yaris smile


Some people wouldn't be caught dead in a Yaris.


2016 Dodge Challenger SRT 6.4L 392 - Mahle/Mobile 1
2011 Chevy Silverado 4.8L - Mahle/Mobile 1
1995 Chevy Impala SS 5.7L LT-1 - Mahle/Mobile 1
1989 Plymouth Gran Fury AHB 5.9L 360 - Hastings/Mobile1
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4948585
12/10/18 08:43 PM
12/10/18 08:43 PM
Joined: May 2005
Posts: 1,904
Jupiter, Fl
CBR.worm Offline
CBR.worm  Offline
Joined: May 2005
Posts: 1,904
Jupiter, Fl
Things to keep in mind. Having owned more than a few cars that I bought new or with low mileage and took to 200K plus, you may not HAVE to do a lot of work to keep a vehicle on the road, but if you want to keep the car driving and riding and looking like new, a good amount of money will be spent over the years. At some point before 200K, you will need to at least start to replace bushings and tie rod ends and shocks and fans and maybe a repair or two. After some number of years, at least here in the south, your dashboard will crack or get sticky, your paint may fade, seats may tear. These all seem like minor things, but they add up. Right now I have one car and one truck that need their second new dashboard at almost $1K each (luckily, one of the originals was done under warranty) if I do the work. On the truck, the vinyl sides of the drivers seat is starting to crack.

The cost to maintain is still less than a new car, but I have not had any actual mechanical failures aside from a fan clutch and a couple of sensors, but the maintenance costs add up. A driveshaft here, bushings there, at some point the A/C might quit, or the transmission - at which point, the gamble has not paid off.


'06 Infiniti G35 Sedan 6MT - 170k
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4948675
12/10/18 10:20 PM
12/10/18 10:20 PM
Joined: Apr 2010
Posts: 222
Detroit
Kurtatron Offline OP
Kurtatron  Offline OP
Joined: Apr 2010
Posts: 222
Detroit
Makes me wonder if I should stock up car parts for my older cars. I am worried the parts won’t be available from the OEM for much longer. New cars are so insanely complex with electronics, I just don’t see them hanging around for 20 years like older cars did/do.

Repairs certainly “feel” more expensive than a newer car upfront cost, plus the feeling of sinking money into a car that’s worth so little is hard to accept.

Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4949196
12/11/18 04:46 PM
12/11/18 04:46 PM
Joined: Aug 2002
Posts: 14,631
Silicon Valley
PandaBear Offline
PandaBear  Offline
Joined: Aug 2002
Posts: 14,631
Silicon Valley
Depends on how much time you want to spend on "saving money".

Unless you buy a car that has been around for a while (i.e. only refreshed, and not the redesign year with new power train), with known history (i.e. fleet or CPO), and extended warranty, nothing is guaranteed. You can take an educated guess on how it will turn out, and usually be right.

For me I'd just get a lightly used still in warranty car or a new one if I don't have the time to deal with anything more than simple stuff (oil change, plugs, coolant, etc) for my main ride. I'd just want a boring cheap ride and spend my time elsewhere. Hyundai Elantra sounds pretty good to me with their 10 year warranty.


"You keep asking questions PandaBear and you'll end up a vegetarian like my wife" - Camu Mahubah
Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4975181
01/10/19 01:24 PM
01/10/19 01:24 PM
Joined: Jul 2003
Posts: 210
GA
Silver Offline
Silver  Offline
Joined: Jul 2003
Posts: 210
GA
What will make a huge difference is how much of the upkeep and repairs you can do on your own.

I bought a 2002 model Ford a few months ago for $2300. 96k miles. Real clean. I've since flushed nasty coolant, unstopped a heater core full of mud, replaced an oil pan gasket that required dropping y-pipe, replaced cam synchronizer and oil pressure sender. Mechanic wise all this probably would have been close to another $1000 but I'm into it for about $200 in parts so far. Definitely not worth $1000 in repairs but definitely worth $200. Problem is I'm almost gunshy with the thing, wondering what's going to tear up next.

Also, a great example of unexpected expense: the car infamously pings on anything other than 93 octane so add in the added cost of 93 over 87 in another vehicle. IThere's no obvious reason for it so I'm not willing to waste any money on it by throwing parts at it.

I believe one of the best things you can do when looking at a used car of any kind is finding a couple forums for that vehicle and reading about common issues. You'll find out Tauruses ping, CVT's fail, Chevy lifters tap, etc... smile

Re: Used car purchasing: repairs vs mileage [Re: Kurtatron] #4976042
01/11/19 12:01 PM
01/11/19 12:01 PM
Joined: Jan 2013
Posts: 2,273
Texas
WyrTwister Offline
WyrTwister  Offline
Joined: Jan 2013
Posts: 2,273
Texas
I think a lot of this depends on if you can DIY any repairs needed . As I get older , I am less able to do that .

Also , remember , the drive train is not the only thing to consider . Cars now a days contain a LOT of plastic and rubber parts . The rubber and plastic go down hill with age . No matter the miles .

June 2017 we purchased a 2006 Buick Lacrosse 3.8l with ~ 37,000 miles . Looked great , clearly garage kept . Little old lady car , but in this case car fax verified it . Good tires , brakes , heat / A/C , etc .

Told my wife , even if it did not turn out as hoped , we only had $ 6250 out the door , invested in it .

First thing , replaced the infamous plastic coolant elbows with metal ones , heater hoses , radiator hoses , tstat , belt ,filters . Turkey baster the PS & brake fluid . Suctioned 4 quarts of Dexron 6 out of it and put 4 quarts of synthetic Dexron 6 back in ( existing fluid looked good ) .

Dealer have changed the oil / filter with dino oil ( does not call for DEXOS ) .

Drained out 1 gallon of Dexcool when I had the lower radiator hose off , and replaced with a gallon of new Dexcool .

So , far , we have been very pleased with the car .

Use the online services such as carguru.com to find a good , older car . The Buick was cheap enough , we paid cash , no interest cost .

Best of luck to you .


Wyr
God bless
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