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Whether it is a Toyota or not. High mileage on any vehicle and no extra cash to fix any miscellaneous item that might fail, is pretty scary. Are you starting to see why the new car market is constantly thriving?
Cars were never intended to be indefinite members of the family. Consumers have allowed the idea of longevity to exist. What is the old saying, "All good things come to an end".
I see that there's a big market in used cars too. I've always bought used cars that I could pay for in cash. I've never regretted it. The money I'm saving because I don't have a car payment, could go toward unexpected repairs or toward the purchase of another vehicle. Point of a car is to get me from point a to point b. No reason why I'd need to take out a loan just to do that.
I've seen friends buy the latest cars and then see something else that they like. They end up changing cars at least once a year (sometimes more often) and are upside down, carrying much more debt than their cars are worth.
Cars were never intended to be indefinite members of the family. Consumers have allowed the idea of longevity to exist. What is the old saying, "All good things come to an end".
Good. You just keep thinking like that and I'll just keep buying your used cars after you take the 50-75% hit for depreciation. Then I'll drive them for another 5 years and another 60K miles on the odometer.
Good. You just keep thinking like that and I'll just keep buying your used cars after you take the 50-75% hit for depreciation. Then I'll drive them for another 5 years and another 60K miles on the odometer.
I buy new but keep 8 to 10 years. Heck put 275K clicks on the last car without much in repairs. Buy the toyotas the hondas change the oil, the brake pads a battery tires and you are good to go. Heck some now don't even need timing belt changes. the people who started this thread want a new car. Hey go for it IF you can afford it.
Check to see what your van is selling for on, say, autotrader.com. When you trade cars, the dealer always discounts your vehicle heavily. You'll get more money for it by selling it yourself. - OR - keep the car until it's paid off. Then buy one that's a year or two old...you won't be footing the bill for depreciation.
It's also a good idea to check with Edmunds,Kelly's or NADA on line for both trade in value as well as private party values.
Always let dealers know that you know what fair market values are.
however, the Chinese will ruin the entire car market from head to toe! They will come in with their very cheaply made vehicles and sell them for half the asking price of similar vehicles advertised.
Save a bunch of money by avoiding the options and get a full factory warranty to boot.
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