Buying a car with over 100k miles
- Thread starter OPButtrey
- Start date
It really depends on the make/model and how well the car has been maintained. A well-maintained vehicle can last well over 100k miles.
Bought one close to that 100k with a salvage title for cheap. One of the dumbest financial decisions I’ve ever made.
It was cheap. I was young. Don’t judge.
Depends on how handy you are. If you rely on a mechanic for every repair, it's too expensive to have a high milage car. If you can do most of the work yourself, they're an inexpensive option.
Even if you haven't worked on a car before, youtube will walk you through anything you need to know. You just need to have a basic understanding of tools and assembly practices.
Even if you haven't worked on a car before, youtube will walk you through anything you need to know. You just need to have a basic understanding of tools and assembly practices.
I bought a Lexus with 120,000 miles on it and it made it to 264,000. Just bought my wife a "new" Toyota Highlalnder with 100,000 miles and know that it will easily get to 200,000 with routine maintenance. It all depends on the vehicle.
I bought a salvage title (hail damage) as my first car at 42k miles and it's now at over 150k.
CycloneErik
Well-Known Member
I did one and it worked out nicely. Bought it at 122k, moved on at 183k when lots of things started going out.
The downgrade might be turning into a money pit, but I hope not.
So it depends what you're looking for. If it's a good model and you just have to get by for a while, sure. We got 6 good years. If you're counting on something really long-term, I wouldn't do it.
Salvaged cars can be a crap shoot. A lot of times it depends on the type of damage. We currently have 2 salvaged vehicles, a 2008 Escape Hybrid and a 2011 Honda CR-Z. Both have been good cars and have not given us any issues related to being rebuilt. I did have a car that had some front end damage that was a nightmare because of all the electrical stuff that was under the hood. The type of car matters too. There are certain brands of cars that are just junk from the factory.
Only if it is a 72 month loan, though.
Well done. I suppose the type of damage that incurred the salvage title makes a difference.
I bought a 99 Lexus for $500, it had 160K on it and a salvaged title. Drove it for 2 years, traded it to a nephew who wanted to get out of the family minivan. He drove it for 2 years, and then sold it to my mother who had it for 3 years. Transmission went out at 240K. My brother that lived with my mom was the one that finally killed it. He was one of those guys that killed cars on a regular basis.
Bought a rogue with 110 000 on it almost 5 years ago and have had no major issues. It is a 2011. You have to also look at age of car not just the miles as time is hard on things.
Now now we have all had instances where we were young, stupid, and really needed the money.
