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No. of Recommendations: 3
If you want to get an older used car you can get a better discount, of course, but you are getting an old car that will need repairs/not last as long probably/etc... I think your best discounts are on luxury cars, where you are probably paying more than I play to pay.

Repair costs and not lasting as long don't scare me so much. My average costs of buying and maintaining cars has been under $500/yr from the time I was 18 until now, at age 65 - I know how to repair cars, and/or very competent auto repair mechanics who will repair them for a very reasonable price. My current daily driver is a 1992 Ford Escort. I paid $2250 for it in 1996. I've put around $1200 into repairs since. Granted, it doesn't look like much, but it runs like new and gets me where I'm going very reliably and gets around 33 MPG highway and around 18 MPG in City.

Luxury car prices are low for a reason - They don't get good gas mileage, and they are expensive to maintain.

I probably/wish I would have kept the first car that I bought, a 1956 Chevrolet BelAir convertible - I probably could get 4 times what I had invested in it.

The other car I wish I would have kept is a 1964 MG Midget that I bought for $75, and cost me around $1500 to restore - It ran like a sewing machine, after rebuilding the engine and transmission, and having the engine balance by shop that specialized in that, and an auto body repair shop that I sent insurance repairs to redid the body to better than new, with an acrylic paint job with a hardener that you could drop a raw egg on w/o damaging the finish.
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