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Based on price versus odometer, it seems to me that the smart play is to buy a car with about 80 or 90 thousand miles on it, put another 20 thousand on it, and
by presidentender 6y ago
Based on price versus odometer, it seems to me that the smart play is to buy a car with about 80 or 90 thousand miles on it, put another 20 thousand on it, and then sell for about the same price you paid. The buyer of a lower mileage vehicle pays a premium, while the buyer of a higher mileage vehicle has the experience of driving an older car with about the same ability to resell it later.
- deleted 6y ago[deleted]
- rahimnathwani 6y agoRight, but you also have to consider that repair cost per mile will go up with cumulative mileage. A car with lower mileage will, on average, cost less in repairs, and spend less time in the shop.
- presidentender 6y agoRight, that's the reason to avoid buying over 100k - 100k seems to be about where the curves converge, so there's no depreciation reduction benefit to buying something with over 100k miles versus something with under 100k miles, whereas if you buy something with under 100k miles you're on the hook for depreciation.
- aj7 6y agoThis is right, with a proviso that many good prices on regionally oversupply vehicles. Example: BMW 3-Series in Miami area.