Jump to content

Registered users (members) don’t see this ad!

Sign in to follow this  
DogFather

Is A Used Car A Good Value For The Consumer?

Recommended Posts

I don't think so. In the 1980s, I bought a used minivan (a Lee Iacocca Special) that was the worst piece of junk I have ever

had. Nearly every system went out on me. Brakes, drums, rotors, suspension springs rusted and broke. Then the engine

timing chain broke and ruined the engine. A rebuilt cost $2400, it only lasted about 35,000 miles. I had to replace the

wiper motor, the a/c compressor, starter, battery and alternator. In the 3 yrs I owned it, I put about $6K in repairs. It was

the last used car I ever bought.

 

I realize Toyota and Honda are better, but they still have a functional life of about 12 to 15 yrs or 150K to 200K miles.

So, if a new 1832 L Corolla can be bought for say $15K. Then a used one should be less. But, that is not what I'm

seeing in terms of pricing. I think used car buyers are often young naive and get taken advantage of. They pay real

high interest rates as well.

 

Then you see young people thinking they can buy a good car for several hundred bucks. Then have it last a long while

when they go off to college. That just doesn't make sense. If that were true, why would people send thousands for a new

car? The lowest cost of ownership I have experienced is when I bought a new car, and had it last 10-12 yrs. The per mile

or per month cost was the lowest, when I did that.

Share this post


Link to post
Share on other sites
trap

My father's brother always bought used vehicles. He spoke to me on many an occasion about finance, etc. For the longest time, used was all I could afford until I (finally) had a good job and bought new. Have been buying new ever since, and have never regretted it.

Edited by corollamike

Share this post


Link to post
Share on other sites

one can argue either side of the subject. a lemon can be had new or used. My Corolla S I bought last Aug is a 2013 that had 5700kms on it when I bought it and was 3-4 thousand less than the same one with "0"kms. I have an annoying rattle in the headliner that I am going to get taken care of (who is to say on a "0"km one that issue woudl not be there?) other than that no issues what so ever. I have a great interest rate on my loan even with it being "used". would I have bought it new? Maybe, but I got myself a new veh for less so I feel it was a better deal.

Edited by echarleswhyte

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

(Only shown to guests, not registered members.)


×
×
  • Create New...