Re: Way, way OT, car purchase decision

Posted by Dug on February 16, 2005 at 06:43:31 from (63.167.143.107):

In Reply to: Way, way OT, car purchase decision posted by Timothee on February 15, 2005 at 19:03:49:

Hi Tim,

Looks like you have thrre good choices, I would lean toward the 99 if records have been kept on maintenance.

Don't buy into the new car theory. I have been in the banking industry over 10 years and would much rather finance a used vehicle as opposed to a new vehicle. With the miles you drive the depreciation on a new car would kill you! A quality older vehicle makes perfect sense. In fact I just bought an '01 Taurus with 72,000 miles for $5,000. One owner, I knew personally, records in good order. I plan on driving the wheels off of it(I also drive about 35,000 miles per year. I'll drive it three years and sell it for about $1,000. That translates into $,4000 spread over three years, $1,300 per year, fairly cheap transportation.)

I would avoid anything with a rebuilt title, that's my banker side talking. Auction cars tend to be a crap shoot. Often times dealers will send cars they don't want to mess with to the auction. Of course, there are good cars also, it's just luck of the draw. I would lean hard toward the one owner vehicle.

Dug

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