3 ms·
I've gotten burned on used cars badly enough that I'm willing to buy new. I think the best outcome is a quality used car with low mileage, but that's actually
by geebee 17y ago
I've gotten burned on used cars badly enough that I'm willing to buy new. I think the best outcome is a quality used car with low mileage, but that's actually hard to find, and there's some risk involved. The best you can do is find a used car that appears to be quality. I'm three times bitten, forever shy on that one.
A lot of people figure that the most predictable and low cost approach is to buy new and take good care of the car for at least a decade. There's a big difference between a used car with low mileage that you've owned since the start, and one that you've test driven once or twice.
The worst approach from a financial pov is to buy new and sell every few years. But buying a lemon of a used car and running up the maintenance bills sucks big time.
- phaedrus 17y agoWhen I was in college, I went through a string of used cars. So I actually did the math: continuous minor to moderate repairs and parts cost, plus needing to buy another used car approximately every 2 years when inevitably something would go wrong that cost more to fix than the car was worth, divided by the number of months this had been going on, came out to approximately $333/mo. So I bought a new Hyundai for $10K and paid $235/mo. for it. It will be 5 years old this March and I hope to drive it at least another 5 years after that.