| speeder |
08-30-2012 01:57 PM |
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Quote de <strong>javadog</strong>
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<div style="font-style:italic">I gotta agree with Speeder on the low miles issue. I've owned a bunch of low mileage cars and the issue of them automatically having more problems just isn't true. Think about it this way... all cars spend the vast majority of their life sitting still. If you look at a 25 year old car with 100,000 miles, it will have spent 98% of it's life sitting still. Not a big difference to the low mileage car that spent 99%...</div>
</div>Totally agree that low miles doesn't automatically mean more problems than high miles. But the opposite, that low miles automatically means less problems than high miles, likely isn't true either. It's all about condition.<br>
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We all freak out when a three year old car has 60K miles, that you should never buy a "high mile" car. But we'd love to pay a premium to find a eight year old car with "only" 60K miles!! Oh boy!!<br>
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In reality BOTH cars have 60K miles, and it's more likely that the eight year old 60K mile car isn't as nice as the three year old 60K mile car. But which one commands a huge premium? Why? Think about it.<br>
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So looking at this 28 year old Porsche with 52K miles on the clock is no idicator that it hasn't had paintwork, that it doesn't need tires, brakes, battery, belts, hoses, electrical components, filters, plug wires, etc, etc, etc. It certainly may, just due to age. So it depends on when those were done last, right?<br>
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If it were a 28 year old Porsche with 104K miles, I hate to say it.... that's still low miles. Only 3800 miles per year. So it has sat, and sat, and sat. It's sat for long periods of time without being started or run. So it may have exactly the same issues as that 52K mile car. And the 52K mile car may have the exact same issues as the 104K mile car. But yet the 104K mile car will sell for THOUSANDS less than the 52K mile car, simply because of the odometer. Even if it has spent its life in the garage. Even if it just had new Michelins, pads, battery, tune up, valve cover re-seal, etc. It could be very, very nice--- and still fetch much less.<br>
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The "marketplace" respods to miles because the average buyer (think about average...McDonald's) has to rely on an objective measurement of value -- the miles showing on the odometer. The rest is subjective (paint condition, interior condition, etc). We need something to hang our hat on.<br>
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<div style="font-style:italic">A low mileage car is usually garaged, not left out in the weather. A normal mileage car is more likely to be used as a daily driver, which also means it sees more rain. Those cars are easy to spot.</div>
</div>You're making my point. You're saying that miles are a common indicator for a garaged car, because garaged cars are nicer. Why not just look for garaged cars, regardless of odometer?<br>
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<div style="font-style:italic">The other thing is that the market usually doesn't allow as much of a premium for low mileage as you'd think. Getting a high mileage car back into the same shape as a low mileage one is usually more expensive than the premium you'd pay. Been there, done that.<br>
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JR</div>
</div>As a previous Ferrari owner, you should know better. Even 10K mile cars can need $30,000 in deferred maintenance and cosmetics. So would the exact same car with 5K miles. Or 50K miles. It's all about condition and value. If the 5K mile car were "worth" $150K but needed $30K in work, you'd pay $120K. If the 10K mile car were "worth" #130K, you'd better pay $100K. And that 50K mile car might only be worth $80K, and you might not be able to buy it for $50K. But all three cars, when "corrected" and up-to-date are likely as nice as one another, and mechanically equal. Yet one car you had $150K tied up and the other, maybe $90K. Over the next five years, which will have been the better value?<br>
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To Speeder's point: You should know better too. People who buy late model (new) Porsches don't give a rat's azz about them. They are just cars. <br>
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You know from your 'hood that they drive them through Starbucks drive-thru, park them on the street overnight, let their little dogs hang out in the back seat, etc. They are just cars. Any given hour in the Beverly Hills area you will see a "new" Porsche parked off Rodeo with wheels black from brake dust, scraped front bumper from riding up on curb stops, deep door dings from the gym or nightclub, bird doo on the paint, and receipts and sunglasses strewn on the dash. These same cars will be sold two years old with 30K miles, the Porsche dealer will refinish the curb scuffed wheels, replace the worn tires, paint the front bumper, have the paintless dent removal guy straighten the panels, the leather guy patch and re-dye the back seat where Fifi dug in her claws when the owner took it too fast down Laurel, replace the broken knobs, refinish the peeling soft-touch switch surrounds, and detail the paint to a mirror. Then it's sold as "Certified Pre-Owned" and commands a premium.<br>
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Eventually, maybe an owner or two later, some "enthusiast" will buy it and wax on about how perfect and "original" the car is, rub it with egyptian cloth diapers before they go to bed each night, and not drive it more than a few miles each month to preserve its value.
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This post makes the bizarre assumption that a car could be drive on public roads for 52k miles, (from 52 to 104k miles), with absolutely no wear at all. (??).
I don't care how careful you are, if you drive a car it gets more used. I've been driving a 2011 car for the last 1k miles and I've put wear on it. It would be a nicer car if it had sat in a garage for the last month. I don't notice the wear on my older, high-mileage cars but boy do I notice it on a newer car. Didn't you ever have demos in the car biz? They age in the first 2k miles.
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