can we settle the debate on 100,000 miles? (2014, brakes, best)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I kept most of my vehicles for well over 100k. The sold two at 110 and another at 112k. One was a lemon the other was simply not used much ( like once a week every 6 months)
My current daily driver had turned over 367,500miles. In case you think I'm bs'ing I'm not. This was taken two months ago at 364k. It purrs. Original motor never been touched. Burns a quart every 3k. Oil gets changed at 5k. It's been well maintained. Either way I talked to my wife and we decided we really don't need three trucks. I'll just drive my diesel to work. The dirt and the indicator cable have been fixed.
If the owner can show repair and maintenance records I would have no problem buying a car with over 100k. Especially if its a original owner.
It does affect resale value when the odometer hits that magic 100,000 mark. That number is just etched into some people's minds as being where the car starts having issues. A car with 99,000 on it will have a much better chance of selling than one with 101,000.........it is just a fact of life.
But years ago I bought my then teenage Son a Honda and the one I was looking at had 113,000 on it, so I called the Service Manager at our local Honda dealer and told him I was concerned about that mileage. He said "Yeah, you should be worried, it is probably only good for another 113,000 miles ! " And he was right.
it seems like the consensus from the general public is that avoid any used car with 100k miles, but i've never really bought that. many stories not only here, but other forums with owners with cars going into the high 100's, even 200's. would you buy a used car with more than 100k on it around the 15k price range.
The issue isn't that the car is near the end of its service life at 100K. The issue is that with increased mileage comes unpredictability of repair costs. Right around 100K miles is when expensive stuff is more likely to start wearing out or breaking. But then, this is a big part of why cars with 100K miles cost a fraction of their original MSRP. Some people find the tradeoff to be worth it, particularly those who can do many of their own repairs and/or won't be SOL if the car in question car goes out of service for a day or two without warning.
If I'm spending more than 15K on a car with over 100K miles, it better be collectable and have a very detailed service history. But for a daily-driver car... no thanks. The most I ever paid for a car was 26 grand, and that was brand new. The most I ever paid for a car with more than 100K miles was $2500.
^^^This, it better be something real special for 15k. I just bought a 98 GMC Safari with 94k on it for $3500 but it was pristine inside, one prior owner, and had the original manual with a meticulous service record.
It does affect resale value when the odometer hits that magic 100,000 mark. That number is just etched into some people's minds as being where the car starts having issues. A car with 99,000 on it will have a much better chance of selling than one with 101,000.........it is just a fact of life.
But years ago I bought my then teenage Son a Honda and the one I was looking at had 113,000 on it, so I called the Service Manager at our local Honda dealer and told him I was concerned about that mileage. He said "Yeah, you should be worried, it is probably only good for another 113,000 miles ! " And he was right.
Don
My 1976 Cadillac Fleetwood Limousine is very close to that 100,000 number...
I see OP is back to square one. OP is worse now than when he first got started looking for a car.
To answer OP. yes, yes I would pay 15k or more for a car with 100k miles on it.
I would pay 15k plus for a used acura nsx with 100k miles.
Or a supra TT
Or a 2006 bmw m5
Or an Amg E55.
Or any 911 pooooorrrrrssscchheeeeeee
But it's impossible to find any of these cars for under 20k. And they will all have over 100k miles.
OP need to revise his question.
Would you buy a daily driver with 100k miles for 15k? Hell no
I suspect some of you haven't been the used car market for a while. lol
Depending on the make and model, used cars with over 100,000 miles sell for in excess of $10,000 all the time. Look up a 2009 Nissan Altima 2.5 with the SL package and loaded with options and with around 105,000 miles for example.
Cars are built much, much better than they used to be technology has advanced so much in bearings and lubrication. The magic number is more like 200,000 miles on most cars now.
About a year ago, we sold a SUV we had bought new. It had a little over 250,000 miles and I got $7500 for it. It did have every option available though.
I have an early 2000's Chevy Silverado with almost 350,000 miles that I still drive daily to work as my commuter. I haven't had to do hardly anything to it other than maintenance. I just recently finally had to replace the alternator. It still runs and drives perfectly. I haven't looked up the value on it because I have no intentions of ever selling it but I wouldn't take $10,000 for it.
I would NEVER spend $15k on a used car with over 100k miles. Especially a domestic (American) automobile. The highest mileage/price vehicle I have ever purchased was 10yrs ago. It was a 1999 Acura 3.2 TL. It had 98k miles and I paid 7k at the time.
If I was looking for a used 100k+ mile car today, it would be because I need a commuter car therefore It would be any of the following: Toyota Corolla/Camry, Honda Civic/Accord. Those cars have been time tested and proven reliable well past 100k miles so long as they were well maintained.
If there is something noteworthy about the car, such that its depreciation slows down (and sometimes even reverses) after crossing the $15K mark, then it makes sense to buy it regardless of the odometer reading.
Luxury cars, some originally retailing for >$100K, are notorious for rapid depreciation. A good example is the AMG specialty line of Mercedes-Benz. Is a $15K, 100,000-mile AMG C55 worthwhile? As others have said, it depends on the maintenance and the as-tested condition.
Often the depreciation-curve for noteworthy luxury cars as a "knee". The price falls in half during the first 2-3 years, then again in half in the next 3-4 years, but then it plateaus. The aforementioned AMG C55 bought today for $15K might still command $10K five or seven years from now.
Another examples is C5 Corvettes. They're down to $20K, and in some cases to $15K. I highly doubt that reasonably maintained examples will EVER fall below $15K.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
And he was right.
