That was decades ago, before yearly inspections were required.As a general rule, any time you buy a previously owned vehicle, you should have it inspected by an independent mechanic as a condition of purchase. Even if buying it from a dealership's used car lot. Used car salespeople are not to be trusted - the law allows them to say anything about the car, whether it is true or not. Only what is written down in the contract is binding. And if they show you the contract on a computer screen (this goes for new cars too), read the printed copy before signing. Just because you see it on the screen doesn't mean it ends up in the signed copy.Y'all are correct that there comes a point where it costs more to repair the car than it's worth. Similarly, there comes a point where it is no longer worth your while to get collision coverage on an aged vehicle. As long as such a car keeps running (and safely), keep driving it. But if it is no longer viable to keep operating, then by all means, put it down.FuskieWho would suggest a used Prius or other hybrid as a viable replacement car to get the best the best value, though admittedly the Prius retains it's value better than most cars...
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<