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Reply to "For a used Toyota Camry, what is the maximum mileage you would consider?"
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[quote=Anonymous][quote=Anonymous]You seem to have identified what I've observed as a very interesting aspect of used car pricing. Depreciation is mostly linear, as a function of a car's total service life. Long gone are the days of "it loses half its value once you drive it off the lot!" So, in that sense, and in the current environment of low interest rates, I don't know that it is necessarily a wise or even a frugal choice to buy used. It just comes down to how much you want to spend, how much capital you want to put forward now. There's no bad choice here. You're going to get a good car. Maybe you consider a new hybrid version? Look at what it will save you in gasoline over the period of time you anticipate owning it -- I found when I bought that I would recover the small hybrid premium in two or three years. [/quote] +1 I figured this out a while back. I have not bought a used car in the last 15 years. [/quote]
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