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Eric,
You're missing the point. All other things being equal, I'd pay a premium for a car with low mileage. A low mileage car doesn't have to have any deferred maintenance. It can be just as current as a daily driver. Mine were. Just because a prospective car has low miles doesn't mean it shouldn't be checked out in exactly the same way as any other car.
None of my low mileage cars had any expenses associated with sitting. They were maintained in the same manner as the cars with higher mileage. None of them had any unusual failures.
I've owned several cars where I had more than one of a particular model, at the same time. I'll give you an example of a pair of mine. Car A was a two owner car with 70k miles, bought for $12k. Car B was identical, other than it was 3 model years older and had 143k miles. I paid $4300 for it. It was also a two-owner car, both of whom were club members; it had original paint and all service records from new (a file about an inch thick). The services were largely performed by a dealer. I spent $30K on car B, to bring it up to the same standard as car A. No major motor work, just refreshing all the little things than go bad with age, plus a little work on the paint. In the end, both looked great and were 100% up-to-date mechanically. When I sold them 6 or 7 years later, car A sold for $24k and car B sold for $21k. Car B never drove as nicely as car A. I could tell them apart blindfolded, before I got out of first gear. To me, it was a night and day difference.
JR
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