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Best value: Cheap Car or Very Cheap Car?
Hi,
I need to buy a car which I then plan to sell in one or two years. I want to buy a car for either about 7000, or for a lot less, say abotu 2.5-3K. What is the better option for value? For which price range will the following number be larger: Price I can get when selling car - price I paid - any repairs needed while driving it. I realise there is no definite answer here, i'm just asking for suggestions. I guess what i'm asking is which car price range will depreciate more, what's the chance that I will have to spend a lot on repairs for the cheapr car, and how easy will they be to sell eventually. For 7k I can get a certified car, so any repairs will hopefully be covered by warranty. But if i spend only 2.5k on a car, what's the chance that I would need to do major repairs that would cost several grand - would it be likely that I need to repair it frequently? Also when I sell the car I will want to do it quickly -- within a week, how hard would this be to do for both price ranges? Originally i planned to spend about 7G's, but have been looking on Craigs list and finding lots of cars for 2-3k. Some with over a hundred thousand miles, but others that are cheaper brands (daewoo, kia) with closer to 50 thousand miles and selling for 2-3k. I live in Houston and will use this car to drive to work along the freeways. Thanks for any suggestions. |
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#2
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Best value: Cheap Car or Very Cheap Car?
These are just my opinions, but for what they are worth:
(1) I would avoid anything that has been seriously wrecked and rebuilt.. (2) I would more tend toward a higher mileage Toyota or Honda than an American make. You are likely to get more when you sell it. (3) I would probably edge toward a manual transmission instead of an automatic.. Autotrans repairs can come quickly with higher mileage cars, especially when the trend in the USA is to abuse them and to delay servicing them. Autos are convenient, but are expensive to rebuild. A manual may use up a clutch, but that is often cheaper than an automatic to repair. > wrote in message oups.com... > Hi, > > > I need to buy a car which I then plan to sell in one or two years. > > I want to buy a car for either about 7000, or for a lot less, say abotu > 2.5-3K. > > What is the better option for value? For which price range will the > following number be larger: > > Price I can get when selling car - price I paid - any repairs needed > while driving it. > > I realise there is no definite answer here, i'm just asking for > suggestions. > > I guess what i'm asking is which car price range will depreciate more, > what's the chance that I will have to spend a lot on repairs for the > cheapr car, and how easy will they be to sell eventually. > > For 7k I can get a certified car, so any repairs will hopefully be > covered by warranty. But if i spend only 2.5k on a car, what's the > chance that I would need to do major repairs that would cost several > grand - would it be likely that I need to repair it frequently? > > Also when I sell the car I will want to do it quickly -- within a week, > how hard would this be to do for both price ranges? > > Originally i planned to spend about 7G's, but have been looking on > Craigs list and finding lots of cars for 2-3k. Some with over a hundred > thousand miles, but others that are cheaper brands (daewoo, kia) with > closer to 50 thousand miles and selling for 2-3k. > > I live in Houston and will use this car to drive to work along the > freeways. > > Thanks for any suggestions. > |
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