milage question

[NukedGTS]

Originally Posted by terminator02

nice that is good to know. I have been a little biased toward the lesser mile vehicles, but I would get this car to drive and not sit. I don't think a 40k vs 80k car will differ that much on the resale in a few years anyways...

Leaning towards a low mileage car is certainly understandable and not something I am saying is wrong. My only suggestion is try to put less emphasis on the resale issue (probably easier said than done) and more attention to what you want to do with the car. As another post suggested, if you are going to put a lot of miles on it, don't pay the extra for a low mileage car up front. I knew when I bought mine it was going to be a daily driver, which it is. I commute 130 miles each day and have not regretted one minute of it.

[RTTTTed]

Cars as investments are not a good way to go - they lose money. When you buy a car you should buy one that you want and that's being used for what you want to use it for. Racing, cruising, posing, garage queen, etc.

If it's stock you're after then more miles means less value. Modififications and upgrades increase the value of an older car as new, bigger breaks, new clutch, new tires, are also considered "rebuilds". If you instal lightweight bigger breaks on the car at 30K, like I did the brakes now are NEW, not 30,000mi. old. If you upgrade the engine with forged pistons and camshaft the new bearings, rings, etc, mean tbe engine is also lower miles than the car and slightly increase the value.

A buyer that wants smaller brakes, cast pistons, hot exhuast sills, etc. will say upgrades lower the value of the car. To him, they do, but to someone like me that wants a nice sounding, cool sill, big power, better handling car all my upgrades are equivalent in value to a much lower mileage car and most of us will buy the car for the way it drives and looks, not whatever the speedo says (they can be changed).

When I wrote off my 98 GTS, the insurance adjuster said that I'd upped the mileage 50% (19,000 - 29,000mi) and I'd devaued the car. I showed him the magazine feature article and my recent 1st place car show trophy and we adjusted the 'real' value up $9,000, not down. They increased the 'stock value' by $6,000 for the upgrades (sc, wheels, exhaust, etc.) and added another $1,000 for the upgraded electronics. The "book" value they started from was $45,000.

Get your monies worth, buy YOUR 'perfect car'.

Ted

[HHI VIPER]

Originally Posted by dave6666

Oh yeah... Better give my standard speech now...

If you put your car in the bank and your money in the garage, your investment in fun will never reach maturity, and your financial goals will be passed by inflation.

AMEN! DRIVE!

[mike & juli]

Originally Posted by twinturbo3150

I dont think Chuck's been around the block that many times has he?

Guess depends on what YOU mean...LOL!~~~~juli

[Casey]

Go buy a Viper you like and can afford. And in 3 or 4 years, if you need to sell, you can ask then what it's worth.

[HHI VIPER]

I bought a medium priced car, with medium miles to drive once in a while. When I sell (if I sell )I would expect a medium price in return based on the other mediums at that time! I guess my point is...I bought a car at a fair price and I will drive it a fair amount and I will get a fair price (or market price) for it when I decide to sell. Thats all I can expect!!! I bought mine to drive and invest in some fun. There is always a price to pay any way you go Make sense? Wheres my 10th cup of coffee???