I bought a 1992 Pontiac Bonneville with 64,000 miles in 2003 for $2,300. I just lost the water pump and had to spend $300 on the repair. When people hear this a lot of them say I should have bought new because I'm "wasting money" and all used cars are junk. Book value on the car was $3,500 when I bought it and I've only spent 600 on repairs (lost the AC compressor in 05') so I figure I got a deal anyway. The only thing thats faulty on Bonnevilles is the cooling system and thats after 10+ years of use. All other components will last forever.
My parents spent 14,000 total on a 98' Crown Vic and a 99' Mazda p/u in 02' they've only had 500 in repairs on each in almost 5 years. They bought both from a reputable dealer and had them inspected.
It annoys me when people tell me spending 2900 total is worse than 20000 on a new vehicle. Don't these people think? All of the vehicles we have bought have been consumer reports best buys for used cars. Not everyone wants to have a 7 year car loan!
2006-10-28
03:14:01
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12 answers
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asked by
Anonymous
in
Buying & Selling