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Originally posted by Wayne at Pelican Parts
I've got a BMW 5-Series that I picked up for about $15K a few years ago. Worth every penny. I drove crappy cars for a while - it gets old. For not that much $$$, you can get a great commuter car that you actually like driving. It doesn't have to be extremes - 911 and beater, it can be better...
-Wayne
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Originally posted by sammyg2 Life is too short to drive a POS that is ready to crap out on you.
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I'm with these guys. Buying new or leasing is a sucker's bet, although one I'm guilty of myself too often. I'm self-employed and the vehicle is deductible, so the offense isn't *QUITE* as egregious, but still I know better. Having said that, driving some POS each day is not for me.
My opinion is a 2-4 year old used car with low miles is the way to go. I don't agree with valuation models for high vs. low miles cars...it seems that the high miles cars don't sell for as much of a discount as I'd expect; likewise, the low mileage ones don't command as much of premium as it would seem they should.
Earlier this year I bought my wife a 2002 BMW 325xi with 18,000 miles for $21K, about 1/2 the cost of a similarly equipped new model. Looks, runs, drives exactly like new. Works for us!