.......Bill, These little buggers aren't cheap ...
I just bought one, for my Golf pro's g/friend at the auction ---- 2001 7,400 mile XLE, with all the stuff -- dual air, spoiler,slider , upgrade JBL, running boards, gold pack, leather..etc.. Sailfin blue- to match her eyes ( l....o....l...) ---- Gee whiz -- the sticker in the console ( option ) ...was over $33,500.....
The next time you get to auction...take a look --- not my cup of tea ..--- but, it was Sailfin blue -- to match her eyes ---.....l.....o.....l.......
I paid over $26,000 --- hey, not my g/friend.....
- dardson1 - ... I was only kidding --- this thing has the ..."whole coma ..se' yama -- and a bag of chip's ....that's why I said -- why .. 1 door?.....I have seen a bunch -- and the XLE's are the "fat daddy" -- if, your into vans....( personally, I like the Chryslers and Honda's more.. )
OK, so I go to trade in my 1997 Nissan Maxima GEL for a new 2001 Jeep Grand Cherokee. The Nissan has all the bells and whistles and is in good to excellent condition inside and out (yea it can use a good interior detail). It does need new tires and has 144,000 miles on it.
Kelly BB lists a low/high value as $,9000 up to $14,000; Edmunds lists a FMV trade value at over $12,000. One dealer only offered $6,800 (then called back the next day to offer $7,500) and another only offered $8,800. Are both Kelly and Edmunds wrong? Are the dealers trying to rip me off? Or should I just be depressed that in less than 4 years a car with an MSRP of almost 30 grand is now worth only 6 grand?
Any suggestions, or are the dealers trying to low ball me for now?
Yep, even over estimated the mileage a bit on the Edmunds and Kelley sites. I worked the same estimates using condition levels from fair to excellent. I think hte condition is between excellent and good. I just can't believe that a Nissan would depreciate that quickly even with that amount of mileage. With a Nissan engine anything under 150k is just breaking it in.
...........I wouldn't get too depressed, and I'm sure by the #'s you have been quoted.....that you are not being ripped off ----
You just have this minor problem --- 144,000 klicks ....Yeow -- were did you drive to work ...Costa Rica...?
But, anyway ....All ..vehicles pay the price for high miles...and having the need for new tires ---... It sounds like you have gotten your monies worth ..I would guess the vehicle is worth somewhere around a $5000 # ...
Don't get mad ....just trade that little puppy in for something you will like more....
That's the killer right there. There's lots of nice ones out there with 50K on them for $11-12K or so... So I think $5K may be a little light.. but $7,500 seems like a strong number to me. Edmunds is working very hard on getting very accurate, Kelly is in their own world as far as I am concerned. However, you kinda cant go by the "books" with really high mile cars. Example: Say that Galves lists a 1998 Jaguar XJR for $36K with 30K miles, and to deduct $350 for every 1K miles over. Say that car has 150,000 miles. Does it make it worth $-6,000? Nope. What's it worth? Maximum deduct of 40% per the books? Nope... I think that it's worth something like $15-18K or so. Cars with exceptionally high mileage, are, unfortunately, worth exceptionally little.
The average miles/year is ~12-15K... At this pace, it would take you 10-12 years to reach 144K. Let's say you bought the car for $30K out the door (probably less)... If one dealer is offering you $8800, that means your car depreciated ~$21K... Take that 21K and divide it by 10 (years of normal use), and you get around $2100. That's your extrapolated cost per year (of normal use). $2100 is not bad, if you ask me
BTW, if you are worried about being taken during trade-in time, you should reconsider that Cheroke . If you drive it the same as your Maxima, it will be worth even less (than your Max)...
.......Yep, those little darlings are doing all the money at the auctions...high miles..low miles etc,
Soooo, since you are lookin' at a, Sunday go to meetin' miles....this sedan "can do" as much as $14,000..(auto that is )..I think Bill is right on this one...at least $13,000 --- You can't buy or shop miles.....
I didnteven think to mention Grand Cherokee resale. You're MUCH better off finding a good deal on a 99 or 00 with low miles. Buy a 99 with 20K.. Drive it for 2 years... throw another 70K onit.. you wont get hurt nearly as badly.
Even I was going to bring up what the others point out. After seeing the hit that you could take on the Maxima because you bought new and averaged, what?, ~35K miles a year, you couldn't possibly be serious about buying a new Grand Cherokee and running those kind of numbers up on it, could you? That would be even more brutal when you try to trade that in in 2005. Do what Bill suggested. If you're stuck on the G.C., then look for a recent used one.
Hey, guys, just for a reality check, how about the value of a '97 Grand Cherokee with "all the bells and whistles" with 144,000 miles?
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Seen the debate about whether to fix a car or not to fix. Well, I could very well be in the same situation. Last MAy when I had a tune up done on my Toyota the mechanic did a compression test and found one of the cylinders pressures low. This May when I had the drive betls, timing belt and water pump changed, the mechanic noticed that the head gasket had a minor leak. I got an estimate for repair. $1,000 + tax. Needless to say, I won't get it fixed until it needs it. But is it worth getting fixed? To refresh everyone's memory I have a '94 Toyota Paseo w/ 160,000+ miles. I'd like to keep the car for another two years if possible. So the trade in value of this car would only be $500 at best. Now I don't mind getting it fixed but NOT if this is the tip of the "ice berg" in repairs and the car is in it's downward spiral of repair bills. What's everyone's opinion on this?
My two pennies: It's almost always worth it to fix the old car. Unless the thing is a total rust bucket or been wadded up and put back together, I say fix it.
Think of it this way - you've been putting about 22K miles/year on the Paseo. The head gasket/leaking cylinder problem is serious. Like many engine problems, they only get worse with time and miles.
So, you're looking at another 44-45K miles before you're ready to ditch it. What are the chances of the head gasket blowing or some other serious engine malady? And what are the odds that it will happen - - - 1. At night in a bad neighborhood. 2. On the expressway during a heavy rainstorm at rush hour. 3. On your way to an important appointment or some critical event that requires your attendance.
To me it sounds like Murphy's Law will come into play. My vote is to get it fixed and drive on.
I have a '96 Honda Civic EX with 50K miles and it is in great condition. It has been in a front end car accident but I sure can't tell (but those damn CarMax people did!). Anyhow, cars like this seem to sell in the private maket for around $10K - $11K, and the Kelly and Edmunds wholesale price is about $6 - $7K.
My question: what is considered a fair dealer profit when I negotiate the trade-in value of a car? Is it $1000, $2000 under the private party value? If a fair profit is $1000 then I probably wouldn't settle for less than a $9000 offer since they can probably sell it for at least $10,000 and make their profit.
If preferred dealer profits on used cars is anything more than $1000, I guess I'd try selling it myself. But it would be nice to have this all taken care of when I buy my new car.
I called today looking for left over 2001 Acura RLs. One dealer had a beige one. He did a search and only found four others in Ohio and the surrounding states, so I better move fast if I'm going to get one. The dealer was in Marion, so they probably don't sell a lot of RLs since he said they were knocking $8-9k off of MSRP with the $4000 dealer cash, which would put them right at invoice. He said they could trade for one of the other colors. Dark Green, Gold, Dark Blue, and Silver. Of the five colors, I'm leaning toward the dark blue (almost as good as black), but I'm sure you guys will say silver would be the best choice. How bad is dark blue?
It's been hit. That creams the resale value. I have to call your morals into question here. How can you talk of a fair dealer profit while trying to hide the fact the car was damaged?
Well, if it's all they claim then it's worth looking into. BTW, the GSR only comes with the 5spd, that's what i like about it. It's a sport sedan with OOOOMMMMMM VEEEEETEC OOOOOMMMMMM.
Did you know there's a website called "Temple of VTEC"? It's scary but there really are honda worshippers out there!
.......I'm just going to guess ... and say those were all just "freeway miles"......I love that term...l...o...l...
Let's say...the vehicle needs - 0 - tires are on the new side .... the interior looks 1999 ish...all the books and records are active...and there is only, just a couple of small dings ..where most people wouldnt look.....
I would think, you would be looking at a $7,500 zipcode....
.......Let the repairs go for right now ...--- I will almost bet .. -- that you will see another 25,000+ miles out of that little Paseo...or find a tech, that doesn't look like Jesse James....
........You are trying to trade a vehicle that has been -whacked- ... I'm not trying to sound smart here.....but, do you think the only people that will stumble over this -small misfortune - will be Carmax....
I don't know how much damage has been done ... but the dealer does have to disclose this --little bump in the night.... ..So, basically what will happen ( based on the dealership ) ..it's off to the auction...it's a $5,000/$6,000 vehicle on the ..push..
The best thing you can do is.....to get big money ...is try to sell it on your own....and get what you can ....just be upfront about it...
Depends a bit where it is... But I think that it ought to be worth closer to $9K. Not here in Florida (It's Black) But if it's clean and free of paintwork I'd hit it at $8,500-9K.
We dont look at it as a matter of profit per se when we take a car in ontrade.
My attitude is simple. A car is worth what it is worth. Nomore,no less. If carslike yours areselling for $7K at the auction, then that's what it's worth.
From the sounds of it, you're better off sellingit yourself. Since it has been in a front-end accident, its' valueis hurt quite a bit. To me, without knowinganything else about the car,My guess is about $5500 or so is what it's actual wholesale value is. Not to sound rude...but.. well, we do this for a living and can almost always spot paintwork. If a dealer can't, he deserves to get screwed by overappraising a trade IMHO. I can spot paintwork across the parking lot
This is why I always say to make sure that, when you're looking to BUY a used car, if you cant tell that a car has had paintwork, that you have someone look at it who CAN tell. Take a late-model Jaguar, Like.. say.. a 99 XK8. If that car's had a rear fender (1/4 panel) replaced, then you can expect to have its' value wacked by nearly $4,000.
As far as margins go... dealers as a rule (Luxury imports generally are the exception) do not make a profit on new cars, but used cars are profitable.
Selling new cars for $300 over invoice isnt making you anything net!It's parts, service and used cars where the money is.
Hmm... that dark blue isnt bad. More of a Royal Metallic Blue, right? Silver is better, but get what you like. I personally like the Blue better on that car.
I didn't want to get rid of it any earlier than late Fall 2002. I'd prefer to keep it a year later than that. So if it's a perfect world, I'd keep it until Fall 2003. That would bring the car from 160K to 225K miles. Can the car go another 65k without the head gasket being repaired? If not, then if I get fix then I would definitely expect to get at least another 50K out of the car.
Thanks for the ES300 assessment. Another unrelated question:
It seems to me that a good high milage car does not get a good trade-in vale (e.g., the 144,000 mile '97 Maxima discussed earlier). I own an '89 Accord that has about 180,000 miles and still drives ok (I am the only owner and took good care of it). From a used car buyer's viewpoint, will you recommend people buy a clean high-mile car that has reputation of being a very reliable car(e.g., Toyota, Honda, Nissan, etc)? Just to take advantage of its low price.
Well, if you plan on keeping it that long, I would say go for the repair. But, just because I enjoy being the voice of doom, I gotta say that it might not be the end of the repairs. It could be, but nothing is guaranteed. I had the head gasket go on my '87 4runner. I went ahead and fixed it (pretty cheap when you do it yourself) and, because you should when you have the head off, I also replaced the intake and exhaust gaskets. Well, I got about 20,000 more miles before I got a hole in the exhaust, developed a bad wheel bearing, and discovered a rotting body panel (earlier toyota trucks are notorious for this). I fixed the exhaust leak and sold it before it could suck any more of my time and money. So, my point is, just because you fix the engine, doesn't mean that the car will run forever. There are plenty of other things to go wrong. Just be prepared.
A high mileage used car? Well, see the above. Personally, I wouldn't mind buying, say, a 90K mile Honda, but that's about my limit. And that better be a damned low price. For me, when I've bought used cars, I care more about the miles than the age. I would pick an 89 with 70K miles over a 95 with 140K miles (assuming both to be top notch). That's just my take on it.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
well, I'm hoping that I can hold off as long as possible. Now that I had the water pump replaced if there is any coolant lose it should be coming from the head gasket. I've never had the car overheat or had oil/coolant mixing that I could tell. My oil has always been clean in between my 3,000 mile oil changes. I bought the car new so I know that I maintained it well.
They can be a good deal.. sometimes they are a smart way to go. Example:
You drive 6K miles a year as someone posted here today.
Buy a 50K mile 99... Drive it for 3 years... 5yr old car with 68K... Not too bad.
High Mileage cars are ok to buy if they are clean and IF you flat-out steal them. Unless youget a super screamingdeal... I'd pass. They canbe very tough to resell, finance..etc...
Even if the car was used to go from the end of the driveway back to the garage...
what are some of the warning signs that the head gasket would need replacement. I'll keep an eye on any coolant lose but any other signs or tips?
by the sounds of it my head gasket would go sometime this winter or early next year. I should hit 175K this Nov, which is about an additional 15K. Consensus seems to be that the head gasket would last between 20-25K.
is to get a compression tester (a pressure guage that has a spark plug sized fitting on the end) and screw it into each cylinder one by one and crank over the engine each time (make sure you disconnect the other spark plug wires as you don't want the engine to actually start up). If all the cylinders give you the same strong number, then its fine (can't be sure exactly what that number is since it varies by engine, but they would show different results if there was a problem).
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
is it worth it to buy out my lease. I have a 98 4rnner ltd. Amthracite Metallic, around 29K, clean condition, loaded, with lojack, locking rear dif, rrack, and tow. my buy out is around 22.5K.
I recall from my wholesaler days when there was an older honda with mega miles it always brought more money than virtually any other make. I think there was the bragging rights of owning a himile honda. But, they always were the same money as a lower mile, newer domestic, same class and all. Yeah, they have the reputation of running along time, but they'll nickel and dime ya to death with all the little things from power window switches to exhaust...
I think a low mile, newer domestic has more going for it,albeit, without the hype.
High Mileage cars are ok to buy if they are clean and IF you flat-out steal them. Unless youget a super screamingdeal... I'd pass. They canbe very tough to resell, finance..etc...
Agree, with one modification: what if I don't plan to resell and finance the car?
That is, I plan to pay cash for the car and drive it till it is too costly for me to maintain it.
Nick: That's at or just above current wholesale on it... So you could try selling it yourself and paying off the lease... you might be able tomake a few bucks on it.
mmackenzie: Hmm... $500-1,000 or so. Low Wholesale on a 94 ES is something like $1700 or so... So with that many miles...cosmetic issues...
Donating it, if you can use the deduction, may be the way to go.
........I think you are a little -lofty- on the the ES300 -- I think it could swing $8000ish maybe....but, $9,000.......The clean 98's/99's are barely breakin' out of the average column....
Comments
Wow...
Bill
I just bought one, for my Golf pro's g/friend at the auction ---- 2001 7,400 mile XLE, with all the stuff -- dual air, spoiler,slider , upgrade JBL, running boards, gold pack, leather..etc.. Sailfin blue- to match her eyes ( l....o....l...) ---- Gee whiz -- the sticker in the console ( option ) ...was over $33,500.....
The next time you get to auction...take a look --- not my cup of tea ..--- but, it was Sailfin blue -- to match her eyes ---.....l.....o.....l.......
I paid over $26,000 --- hey, not my g/friend.....
- dardson1 - ... I was only kidding --- this thing has the ..."whole coma ..se' yama -- and a bag of chip's ....that's why I said -- why .. 1 door?.....I have seen a bunch -- and the XLE's are the "fat daddy" -- if, your into vans....( personally, I like the Chryslers and Honda's more.. )
Terry.
Kelly BB lists a low/high value as $,9000 up to $14,000; Edmunds lists a FMV trade value at over $12,000. One dealer only offered $6,800 (then called back the next day to offer $7,500) and another only offered $8,800. Are both Kelly and Edmunds wrong? Are the dealers trying to rip me off? Or should I just be depressed that in less than 4 years a car with an MSRP of almost 30 grand is now worth only 6 grand?
Any suggestions, or are the dealers trying to low ball me for now?
Of course, the mileage would have scared me off if I were a wholesaler. Did you take mileage and condition into account?
You just have this minor problem --- 144,000 klicks ....Yeow -- were did you drive to work ...Costa Rica...?
But, anyway ....All ..vehicles pay the price for high miles...and having the need for new tires ---... It sounds like you have gotten your monies worth ..I would guess the vehicle is worth somewhere around a $5000 # ...
Don't get mad ....just trade that little puppy in for something you will like more....
I hope this helps...
Terry.
14K miles??? Wow..
Bill
That's nuts! But then I have this passionate hatred for minivans. I stick with the euro stuf
Bill
Here's the problem:
One Hundred and fourty-four THOUSAND miles
That's the killer right there. There's lots of nice ones out there with 50K on them for $11-12K or so... So I think $5K may be a little light.. but $7,500 seems like a strong number to me. Edmunds is working very hard on getting very accurate, Kelly is in their own world as far as I am concerned. However, you kinda cant go by the "books" with really high mile cars. Example: Say that Galves lists a 1998 Jaguar XJR for $36K with 30K miles, and to deduct $350 for every 1K miles over. Say that car has 150,000 miles. Does it make it worth $-6,000? Nope. What's it worth? Maximum deduct of 40% per the books? Nope... I think that it's worth something like $15-18K or so. Cars with exceptionally high mileage, are, unfortunately, worth exceptionally little.
Bill
At this pace, it would take you 10-12 years to reach 144K.
Let's say you bought the car for $30K out the door (probably less)...
If one dealer is offering you $8800, that means your car depreciated ~$21K...
Take that 21K and divide it by 10 (years of normal use), and you get around $2100.
That's your extrapolated cost per year (of normal use). $2100 is not bad, if you ask me
BTW, if you are worried about being taken during trade-in time, you should reconsider that Cheroke
Just my $0.02...
Soooo, since you are lookin' at a, Sunday go to meetin' miles....this sedan "can do" as much as $14,000..(auto that is )..I think Bill is right on this one...at least $13,000 --- You can't buy or shop miles.....
Terry.
Bill
Hey, guys, just for a reality check, how about the value of a '97 Grand Cherokee with "all the bells and whistles" with 144,000 miles?
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
$5-6K...
97 GCL's have a lower "book" than 97 Maxima GLEs...
Bill
And the car is saleproof! Even priced at thousands less than one with "normal" miles, nobody will buy it.
That's the problem.
Leo
Mileage: 78,000
Color: Black
Fully loaded, abs, traction control. 6CD changer, pretty much everything. with cream leather interior.
Think of it this way - you've been putting about 22K miles/year on the Paseo. The head gasket/leaking cylinder problem is serious. Like many engine problems, they only get worse with time and miles.
So, you're looking at another 44-45K miles before you're ready to ditch it. What are the chances of the head gasket blowing or some other serious engine malady? And what are the odds that it will happen - - -
1. At night in a bad neighborhood.
2. On the expressway during a heavy rainstorm at rush hour.
3. On your way to an important appointment or some critical event that requires your attendance.
To me it sounds like Murphy's Law will come into play. My vote is to get it fixed and drive on.
My question: what is considered a fair dealer profit when I negotiate the trade-in value of a car? Is it $1000, $2000 under the private party value? If a fair profit is $1000 then I probably wouldn't settle for less than a $9000 offer since they can probably sell it for at least $10,000 and make their profit.
If preferred dealer profits on used cars is anything more than $1000, I guess I'd try selling it myself. But it would be nice to have this all taken care of when I buy my new car.
I called today looking for left over 2001 Acura RLs. One dealer had a beige one. He did a search and only found four others in Ohio and the surrounding states, so I better move fast if I'm going to get one. The dealer was in Marion, so they probably don't sell a lot of RLs since he said they were knocking $8-9k off of MSRP with the $4000 dealer cash, which would put them right at invoice. He said they could trade for one of the other colors. Dark Green, Gold, Dark Blue, and Silver. Of the five colors, I'm leaning toward the dark blue (almost as good as black), but I'm sure you guys will say silver would be the best choice. How bad is dark blue?
Thanks,
Quentin
Did you know there's a website called "Temple of VTEC"? It's scary but there really are honda worshippers out there!
Let's say...the vehicle needs - 0 - tires are on the new side .... the interior looks 1999 ish...all the books and records are active...and there is only, just a couple of small dings ..where most people wouldnt look.....
I would think, you would be looking at a $7,500 zipcode....
I hope this helps..
Terry.
Terry.
I don't know how much damage has been done ... but the dealer does have to disclose this --little bump in the night.... ..So, basically what will happen ( based on the dealership ) ..it's off to the auction...it's a $5,000/$6,000 vehicle on the ..push..
The best thing you can do is.....to get big money ...is try to sell it on your own....and get what you can ....just be upfront about it...
Terry.
Bill
Bill
Depends a bit where it is... But I think that it ought to be worth closer to $9K. Not here in Florida (It's Black) But if it's clean and free of paintwork I'd hit it at $8,500-9K.
Bill
We dont look at it as a matter of profit per se when we take a car in ontrade.
My attitude is simple. A car is worth what it is worth. Nomore,no less. If carslike yours areselling for $7K at the auction, then that's what it's worth.
From the sounds of it, you're better off sellingit yourself. Since it has been in a front-end accident, its' valueis hurt quite a bit. To me, without knowinganything else about the car,My guess is about $5500 or so is what it's actual wholesale value is. Not to sound rude...but.. well, we do this for a living and can almost always spot paintwork. If a dealer can't, he deserves to get screwed by overappraising a trade IMHO. I can spot paintwork across the parking lot
This is why I always say to make sure that, when you're looking to BUY a used car, if you cant tell that a car has had paintwork, that you have someone look at it who CAN tell. Take a late-model Jaguar, Like.. say.. a 99 XK8. If that car's had a rear fender (1/4 panel) replaced, then you can expect to have its' value wacked by nearly $4,000.
As far as margins go... dealers as a rule (Luxury imports generally are the exception) do not make a profit on new cars, but used cars are profitable.
Selling new cars for $300 over invoice isnt making you anything net!It's parts, service and used cars where the money is.
Hope this helps!
Bill
Hmm... that dark blue isnt bad. More of a Royal Metallic Blue, right? Silver is better, but get what you like. I personally like the Blue better on that car.
Bill
Quentin
Leo
Thanks for the ES300 assessment. Another unrelated question:
It seems to me that a good high milage car does not get a good trade-in vale (e.g., the 144,000 mile '97 Maxima discussed earlier). I own an '89 Accord that has about 180,000 miles and still drives ok (I am the only owner and took good care of it). From a used car buyer's viewpoint, will you recommend people buy a clean high-mile car that has reputation of being a very reliable car(e.g., Toyota, Honda, Nissan, etc)? Just to take advantage of its low price.
A high mileage used car? Well, see the above. Personally, I wouldn't mind buying, say, a 90K mile Honda, but that's about my limit. And that better be a damned low price. For me, when I've bought used cars, I care more about the miles than the age. I would pick an 89 with 70K miles over a 95 with 140K miles (assuming both to be top notch). That's just my take on it.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Leo
My other guess is maybe 20K miles?? Shop the job around.... but if it gets bad you can make it worse methinks...
Bill
They can be a good deal.. sometimes they are a smart way to go. Example:
You drive 6K miles a year as someone posted here today.
Buy a 50K mile 99... Drive it for 3 years... 5yr old car with 68K... Not too bad.
High Mileage cars are ok to buy if they are clean and IF you flat-out steal them. Unless youget a super screamingdeal... I'd pass. They canbe very tough to resell, finance..etc...
Even if the car was used to go from the end of the driveway back to the garage...
People like low odometer numbers...
Bill
by the sounds of it my head gasket would go sometime this winter or early next year. I should hit 175K this Nov, which is about an additional 15K. Consensus seems to be that the head gasket would last between 20-25K.
Leo
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Thanks
nick
I think a low mile, newer domestic has more going for it,albeit, without the hype.
Agree, with one modification: what if I don't plan to resell and finance the car?
That is, I plan to pay cash for the car and drive it till it is too costly for me to maintain it.
mmackenzie: Hmm... $500-1,000 or so. Low Wholesale on a 94 ES is something like $1700 or so... So with that many miles...cosmetic issues...
Donating it, if you can use the deduction, may be the way to go.
Bill
I just saw a 70K mile 1998 Jaguar XJ8 selltoday for under $20,000 at the auction!
A 25K mile one is still worth closer to $30K
Bill
Terry.