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We buy pre-certified cars from the dealer that are 2-4 years old with miles between 20-35 k. The most we have paid was 20k for a Honda Accord. People need to stop buying new cars with 7 year loans.
But over time and on average you end up having to replace the used cars sooner than a new car and cover the repairs sooner, and never end up owning a new pristine car. Used cars have a high mark up, and usually higher interest rate and at purchase you are just about as upside down with the used car as a new. It's basically a wash when you factor everything in. You're paying less upfront but getting less and paying on the back end.
That's no certainty the dealer will take less than 16k. This car is not going to last 12 more years without various repairs and not turning into a beater long before that. It's 2 to 3 years old and 33k miles, and a large portion of it's useful life has been used up.
You don't know much about Honda Civics, do you?
If you can't get a dealer down off sticker price with a trade in you aren't competent enough to drive...forget owning a car.
I have a 1999 Camry with 90K miles on it. I can hop in it here in Santa Monica and drive it all the way to Manhattan (coast to coast) without a care in the world that it would make it. I paid it off in 2002. I've been driving practically free for nearly 18 years.
It's all the constantly increasing government regulated "safety", fuel efficiency and emission standards making cars less affordable and less reliable than they could be. These regulations all tend to contradict affordability, reliability and each other. Meeting increasing automotive regulations cost YOU increasing money to purchase and operate an automobile. The regulations should've locked in at what an average typical 1990s model achieve and let the market organically improve on that. The cars would still improve in those areas some what, but the price adjusted for inflation would stay the same or drop.
This^
Quote:
Originally Posted by Teacher Terry
We buy pre-certified cars from the dealer that are 2-4 years old with miles between 20-35 k. The most we have paid was 20k for a Honda Accord. People need to stop buying new cars with 7 year loans.
And this^.
This isnt hard.
I bought a base 2007 Rav4 in 2016 with 48K on it for $8,000 USD cash, well maintained. Still driving it, plan to have it until the wheels fall off.
Never bought a new car, never will.
Cars in many European countries have huge tariff/tax bites on them, way more than the U.S.
If you can't get a dealer down off sticker price with a trade in you aren't competent enough to drive...forget owning a car.
I have a 1999 Camry with 90K miles on it. I can hop in it here in Santa Monica and drive it all the way to Manhattan (coast to coast) without a care in the world that it would make it. I paid it off in 2002. I've been driving practically free for nearly 18 years.
My 2007 Ford Expedition has almost 250,000 miles on it and has been all over the country. Except for normal things like brakes & spark plugs, I've had one major'ish repair - my fuel pump. And that was a month ago.
It was nice of Obama to take almost 700,000 used cars to the scrapper under his cash for clunkers, where dealers got paid by our tax money to scrap perfectly good used vehicles.
That guy was an amazing enemy to the lower middle class.
It's also nice we have a million illegal aliens and about as many legal immigrants competing for used cars.
That's no certainty the dealer will take less than 16k. This car is not going to last 12 more years without various repairs and not turning into a beater long before that. It's 2 to 3 years old and 33k miles, and a large portion of it's useful life has been used up.
Hondas routinely last 200,000 miles if maintained properly.
My 2007 Ford Expedition has almost 250,000 miles on it and has been all over the country. Except for normal things like brakes & spark plugs, I've had one major'ish repair - my fuel pump. And that was a month ago.
This thing just might last forever.
A typical 2007 model is like the high mark for reliability. A 2019 likely want make it so far trouble free.
Hondas routinely last 200,000 miles if maintained properly.
I don't think that's the case for the new CVT, turbo Hondas. They have problems and likely will have more problems than the earlier models. I rarely seen a 200k car that didn't need to have plenty of repairs and wasn't a rough riding pile of junk even though it runs and drives.
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