Originally Posted by MyLittleBlackBird
I prefer to buy a $2000.00 10 year old car and not put any money into unless I have to.... Cheap registration, cheaper insurance, what'* to argue with on that?
I used to do it that way back in high school and college, but that was like Russian Roulette...I found such cars to typically last only about a year on average. Granted, that WAS the days before
carfax (so research was a crapshoot), and back when I was looking at mid-late '70'* / early '80'* vintages (when every car in my price-range--American or foreign--was either a POS, a deathtrap, or both
Also, I suspect I'm a bit less auto-abusive and a bit more maintenance-minded now then when I was a teen.
Of course, $2000 today was like $500 then
Now I prefer to buy a newer used car, preferably one-owner only (little old lady, if possible...yeah, Buick!
). Sure, I'll spend $10-12k, but I'll fully expect to get at least 5-10 years out of the car, have far fewer road-side breakdowns, and still be able to either sell the thing or give it to one of my kids or nephews/nieces.