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Not so sure I agree with these last two. I have seem some really nice 180K cars that are in very good condition, pull strong, documented, nice paint, etc. that I would much rather pay a little more for than some of the 120K cars that are out there. Just my opinion
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I think a lot of people share your sentiments -- particularly those who are really familiar with the cars -- but that is a pretty small segment of the buying market. Did you buy an 180k+ car, or are you just saying you wouldn't exclude one out of principle?
There are still enough cars out there that you can be selective. You can find a 120k car "in very good condition, pull strong, documented, nice paint, etc." for just a few thousand more than the comparable 180k, and that premium is worth it to most buyers.
Unless you just "have" to have that paint to sample zanzibar red coupe and are going to keep it forever, the 180k is not a bargain. And if you want to sell it down the road, a lot of buyers won't see things the same way.