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View Poll Results: What is your ideal mileage of the used car/age of the used car, if you would like to purchase a used
20000 miles/2 years 55 53.92%
50000 miles/ 5years 26 25.49%
80000 miles/8 years 8 7.84%
100000 miles/10 years 8 7.84%
150000 miles/ 15 years 5 4.90%
Voters: 102. You may not vote on this poll

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Old 07-09-2013, 10:01 PM
 
580 posts, read 1,246,719 times
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What is your ideal mileage of the used car/age of the used car, if you would like to purchase a used car and why?

20000 miles/2 years

50000 miles/ 5 years

80000 miles/8 years

100000 miles/10 years

150000 miles/15 years
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Old 07-09-2013, 10:03 PM
 
2,341 posts, read 8,695,821 times
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You forgot price - among other things...
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Old 07-09-2013, 10:20 PM
 
580 posts, read 1,246,719 times
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Quote:
Originally Posted by GarageLogic View Post
You forgot price - among other things...
Assume that price is in line with KBB valuation considering miles and years
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Old 07-09-2013, 10:39 PM
 
64 posts, read 89,984 times
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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.
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Old 07-09-2013, 11:10 PM
 
Location: Out there somewhere...
38,673 posts, read 45,016,991 times
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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.
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Old 07-09-2013, 11:23 PM
 
Location: Floribama
13,483 posts, read 29,425,055 times
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New enough (and low enough miles) to have at least a years worth of factory warranty left.
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Old 07-10-2013, 12:48 AM
 
1,166 posts, read 4,288,351 times
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Quote:
Originally Posted by Bama1787 View Post
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.
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Old 07-10-2013, 12:58 AM
 
3,186 posts, read 5,450,757 times
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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.
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Old 07-10-2013, 07:45 AM
 
580 posts, read 1,246,719 times
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Quote:
Originally Posted by crestliner View Post
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 assume it does not include the gas cost etc.,
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Old 07-10-2013, 07:50 AM
 
2,350 posts, read 4,258,628 times
Reputation: 2946
Quote:
Originally Posted by nitram View Post
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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