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Thread: Beaters does not save you money
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12-02-2020, 07:43 AM #151
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12-02-2020, 07:48 AM #152
That is a good example. At first, that may look like a good deal. But its actually cunningly deceiving.
So you are paying 2 grand for a car with around 50k miles left on it. Remember, past 100k, anything can go wrong. But we establish that they should be ok for 150k or 200k miles.
But here is a 2013 Spark: https://www.carfax.com/vehicle/KL8CB6S9XDC598276
-$6000
-74k miles
-9 years newer
Lets say you put 50k on either car. The spark will come out to 125k miles, the Corolla 160k. At the end of this 50k mile usage, you can sell the spark for around $3000-$4000. You may be able to sell the Corolla for $500.
Either way, you will have spent 2-3 grand on 50k miles of usage. But here's something else you must consider, that 50k miles is not the same. The corolla is not going to be as reliable as a car that's 9 years newer. zSomething will break, which will add to the cost of ownership. Also the spark will look alot cleaner than that beat up corolla. You will not even be able to pull a 2/10 with that chit box.
I simply would not get a car that is older than 5 years, even if I was tight on money. If the car is for work, you need something reliable.Last edited by tunafishha; 12-02-2020 at 07:59 AM.
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12-02-2020, 07:57 AM #153
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12-02-2020, 08:01 AM #154
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