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8-10 yrs old w/ 100k and a good service record. I prefer Toyotas. The price will be great and you can get another 100k+ miles easy with minimal maintenance.
I don't think age should matter, I bought 2 vehicles that are about 10 years old with less than 20,000 original miles on them. Both look good and run perfect.
8-10 yrs old w/ 100k and a good service record. I prefer Toyotas. The price will be great and you can get another 100k+ miles easy with minimal maintenance.
I am not sure if this is the best deal. I have an '05 Camry at close to 100K miles and aware of the economics of it. So the new Camry is around $20K, my used one, 8 years old with close to 100K miles sells close to $10K at dealers around here. I think owning it for the 1st 100K miles is going to cost less since it rarely needs any repairs, just basic maintenance stuff.
The math might be different if you find a car that depreciates more or get lucky and get a good deal from a private seller. Here in California, the used car market seems extremely hot, so anything decent that shows up on craigslist is snatched within a few hours. You will have to quit your day job to buy the car you want at a good price.
My last 2 cars were company cars aprox 4 years old with 80 to 100 k on them (road miles) and purchaced for about 25 to 30% of what they cost new.They have both been the standard taurus and allot of car for the buck.My formula is to get 1000 miles for every 100 bucks you spend. If you pay 5k you need to get at least 50 k more miles. Once you do that you have got your value and then can sell it cheap and still come out ahead.
My last 2 cars were company cars aprox 4 years old with 80 to 100 k on them (road miles) and purchaced for about 25 to 30% of what they cost new.They have both been the standard taurus and allot of car for the buck.My formula is to get 1000 miles for every 100 bucks you spend. If you pay 5k you need to get at least 50 k more miles. Once you do that you have got your value and then can sell it cheap and still come out ahead.
Does the money spent formula includes $ spent on preventive/corrective auto maintenance charges?
I don't think age should matter, I bought 2 vehicles that are about 10 years old with less than 20,000 original miles on them. Both look good and run perfect.
Disagree. Typically the newer the car, the more safety enhancements (more airbags for example) there are.
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