Everyone on here thinks they are right about everything. I dont feel like having a car with a zillion miles and start paying for transmissions and any other bullsh*** that happens when a car hits that many miles
I am not saying you are wrong. If you are not handy under the hood, a mechanic will make it hard for you to make out.
A tranny could go out in a car with 36,001 miles. The difference is if I buy a high mileage car with, lets say 150,000 miles, and stick $1,000.00/year into it to keep it running, it might sound like a losing proposition.
Look at it another way. I paid $23,000 + tax for my Trac in 2002. I have driven it for 5 years. It is now worth about $9,000 according the KBB's private party value. So, in 5 years, I took a hit of about $14,000.00. That comes to about $2,800 a year loss.
I would have to spend $2,800/year in repairs to be in the same boat as my Trac is now.
That is right, $2,800/year in repairs to be even with the loss I experienced.
Some of us are unable to do simple repairs. Sure, a high mileage used car can be a headache, but at the same time, it can also be a wise investment.
The longer you keep a car, the more it will pay for itself. Buying a high mileage car just speeds up the return. The most you could possibly lose in a high mileage car is the price you paid for it. Buy it right, and the possible loss is the initial hit you take driving a new car off the lot.
Tom