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Now days car dealerships will give anyone with semi decent credit a brand new or near new car. This being said people seem to constantly get new cars and need to get rid of their old. Since there are so many people trying to get rid of their old cars and not as much who to buy them, prices of old (but decent or great condition) should be very cheap.
In your experience is this the case. If you bought a used car, was it worth it in the long run? How much did you pay for it?
I have bought two used cars so far. My first was for 4500 and it lasted a year. Hopefully, my next one will last longer. I feel that buying a used cars, especially cheap ones, are not dependable. Buying a used car after it was leased may be a good idea.
I need a cheap car. I searched online but couldn’t find. A couple days later, my boss sent me somewhere 10 miles away for a days work. The night before I had to go, I looked online around that location, found something I liked, checked it out at lunchtime, chewed over it thru the afternoon, and drove it home that night. Cost £650. Would have lasted for years. My best buy ever.
Tas if you paid 4500 for something that lasted a year you got a bad deal. Really bad. Unless it was a Corvette and hopefully you enjoyed it. BTW buying used leases are usually the worst since most lessees don’t take care of the car. No oil changes no maintenance, and drive it like theres no tomorrow. So not great.
Best is to buy only from a private seller usually they are upgrading or the like. Dealers are charging you much more than the car is worth and will totally lie about the car issues just to make that profit.
Don’t you have to change your oil on your lease? I thought that if you didn’t, than the leasing company can fine you. I agree that a private seller is better, but I have found that either they are overpriced or the car will require work after purchasing it.
I grew up in New Haven.
Every May the Yale students leaving town to go home would sell their cars at low prices to get rid of them quickly. In September when the Yale students returned I was able to sell it for $350.Since the 1970s I have bought many low mileage luxury cars in Florida at low prices (averaging $5000 less than they sell for up north). Unfortunately, when the elderly grandparent dies in the condo in Florida, the family doesn’t want to deal with disposing of things, just fly south, grab the bank accounts, jewelry then list the condo for sale and ask the agent to sell off the car as well.
One time I was was buying such a condo (to add to rental portfolio) and it was $35,000 if I also took the 6 year old Cadillac with 18,000 miles, or $40,000 without the car. I took the car. After closing, I drove the car to a major used car dealer and got $8,000 for it. He probably sold it for $15,000.I often bought off lease cars for my children. These cars sold by the manufacturer’s leasing division come with all the service records and have been well maintained.
As they say, cheap is dear, BUT Cheap refers to quality, inexpensive refers to price.
I don’t have any cheap stories.
My stories are expensive.
@whitecar On the car service record it records all oil changes that were done by a mechanic. The mechanic has to put it into the system. Obviously, if one does it privately it won’t show on the record.
White cars don’t need oil changes
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