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Reply to "$10,000 cash budget for a used car"
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[quote=Anonymous]In 2019 bought a 2008 Hyundai entourage for $7.5k cash. Had 90k miles on it. But we don't drive often and today it only has 105k miles on it (after 4-5 years..) Found the car, via Autotrader (was a dealer), paid for a "pre-purchase inspection" via YourMechanic without seeing the car ($100 at that time). The thought was that I'm not mechanical and need a third party to verify I'm not buying a lemon. Seemed worth $100 to not waste further time and energy until verified it's solid. Received the clean report from YM. Drove out to test drive it and make the decision. Bought it same day. I get a lot of flack from extended family about being frugal, like the newest sienna is what you should purchase just because you can afford it. Screw that. Our entourage has served us just fine at a fraction of the cost. And I don't care if it gets dinged up or the kids spill things. Cars under $10k --> totally possibly. Get high quality brand, low miles, and pre-purchase inspection by third party. You should be just fine. Btw, I acknowledge I bought pre-pandemic before prices for used cars went nuts.[/quote]
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