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Simple solution is not to buy new and take advantage of them loosing their value.Not to start a shit storm but unless you plan on owning something forever, avoid the American cars. The hold their value the same as a strainer holds water.
They still hemorrhage value Even if you buy it 5 years old, it still drops faster than there toyota, honda, Nissan, act competition.Simple solution is not to buy new and take advantage of them loosing their value.
I'm working for Nissan now. Almost every other day I got a 2.5 ECU re-program (although that dosn't make them bad, persay). I get to re-place a few cam/crank sensors a week. On the new body Altimas I do a lot of tensioner bolt re-calls, and exhuast braket re-calls. A lot of the tech's that have been there longer than me have replaced a lot of the 2.5's cause they keep crapping out due to the cam/crank sensors. The motors just are poorly built compaired to the rest of nissan's motors. They do have plenty of power though and I'm sure you can make them last but they just don't seem to be well built at all.What recalls? I worked for Nissan up until last year and the only engine recall effected a small number of cars. And after the fact, even 2/3 of those cars weren't actually effected. I did however see many many 2.5 liters in fleet cars with over 150k on them and no problems. Plus it's the peppiest 4 cyl out of the cars mentioned.
PS I currently work for Toyota, so I am not biased.
Like what I did. 2001 PT Cruiser, 2.4L non turbo, power windows, power locks, keyless entry, every window tinted (aside from windshield), am/fm/casset/cd, 5 speed manual, chrome package, with 151000km all highway, all for $5500, when a Civic/Accord or Corolla/Camry of the same age would still be well over the $10k mark, and with the PT I have a lot more storage room. Just needed a timing belt, and a windshield, and both are done at a grand total of $350 (including water pump when doing the timing belt). And for the millions of them there are on the road, I'm only worked on a handful of them. I'd say American cars from the last 5-ish years are just as reliable as any import, and in some cases, more. I've noticed the quality of Honda's and Toyota's going down in quality as well. Most cars are made equal now, but Honda and Toyota will cost you an arm and a leg to buy a used one, when an American car of the same size and quality is quite less.Simple solution is not to buy new and take advantage of them loosing their value.
If you buy it at 5 years old and sell it when it is 15, the money you saved when you bought it more than what you lost when you sell it.They still hemorrhage value Even if you buy it 5 years old, it still drops faster than there toyota, honda, Nissan, act competition.
Cars are not investments. It's a huge mistake to think of them that way.Not to start a shit storm but unless you plan on owning something forever, avoid the American cars. The hold their value the same as a strainer holds water.
I am intelligent enough to know cars are not an investment(normally, Gramps has two Vettes that defy that logic). However, like any loss situation, it makes good sense to manage that loss. Meaning you stay away from the higher loss potential.Cars are not investments. It's a huge mistake to think of them that way.
Trade-ins are ALWAYS a rip-off. I won't pay more than $2000 for a vehicle in good shape. Which is why I drive a '91 and a '95, both with over 200K miles.
They are both worth next to nothing, but they get me where I need to go.
I agree to an extent. The reason many people shy away from older vehicles with astronomical mileage is maintenance. Those vehicles will traditionally break more often or require more time. I personally don't have the time to own and older vehicle that gets driven daily. Many people are in the same boat, or just lack knowledge to repair the vehicle properly.And they way you do that is to buy 20 year old vehicles for pennies on the dollar.
How long does it take a brand new Toyota Corolla to lose $2000? How long does it take a 1998? What about a 1988? All of these are fuel injected and get mileage well into the 30s or higher.
Yes, I know people think these things die after 100,000 miles. Except, they don't. The Prizm will probably have tripled that by Christmas. Certainly by the following summer. The Exploder isn't too far behind.