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Reply to "$10k for used car for college kid? "
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[quote=Anonymous]Having just unwillingly bought a new car (mine was totaled while legally parked in a parking lot), now is not a great time to buy cars because prices are still inflated from chip supply chain issues. My recommendation is figure out what your priority is in regards to safety features and see what you can get from there. Also run the numbers on how many miles you’ll think he will put on it for the next three years, and consider if you want to buy a car for the next three, five, or seven years. I found that the math was roughly 10,000 miles = one year = $1,000. So two same make/model cars with similar features but one is a 2016 with 80,000 miles and one is a 2020 with 30,000 miles will have a ~$8-9,000 difference. [/quote]
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