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Reply to "What is the maximum number of miles you would have when buying a used car?"
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[quote=Anonymous][quote=Anonymous]It depends on the price. My first car was $800, and had an unknown number of miles. But it ran ok. I kept it for 8 months until I realized I (21 yo male college student) was paying 2K/yr to insure an 800 car. Sold it for 1K. Today, I would not buy a car with more than about 20K on it -- and only if 1) it has a clean title, and 2) has factory warranty remaining. (But, I usually buy cars that do not depreciate fast, and just buy new).[/quote] Why was your insurance so high? Did you have full coverage? One of the great things about driving a paid-off old beater is that you don't have to insure it. You just need liability and assume you'll take the $800 hit and replace the vehicle if you're in an accident.[/quote]
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