I'm about to buy a 2002 4Runner that has 219000 miles on it. Should I pass because of the high miles
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stever Guest Posts: 52,454
Well, it's cheap insurance to have any used car inspected by your own mechanic before you buy it (a pre-purchase inspection). A good mechanic will spot any big issues and can estimate what kind of expenses you can expect in the months and years to come.
When I appraise a Limited 4Runner with no options for my zip code, I get a dealer retail price of $6,341. That's in clean condition. You should appraise it yourself and dial that number in better.
It it really is in exceptional condition (and few used cars really are, in my opinion), then the $7,000 price is okay, using "outstanding" in the appraisal choice.
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Kind of depends on the price and your tolerance for the inevitable repairs that most older and higher mileage cars (even Toyotas) require.
Has your own mechanic checked it out and told you that it's in excellent condition?
With a new car though, you avoid the hassle of breaking down and having to let your car sit at your mechanic's shop for a day or more. With a used one, even a high mileage used one, you may get a few months in a row "payment free" for most of the year.
Cars don't last forever.
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Cars don't last forever but some people's payments sure seem to.
Shifty about has me convinced about that 175,000 mile sweet spot though. Been better off to have dumped the Quest a year or two earlier than I did.
Or, paying the daycare $5 per minute after 6:00 PM, while waiting on the side of the road for a tow truck.
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Think of a car with 200K as a healthy person aged 60. They may get another 1/3rd of life, but it probably won't be the best 3rd.