Originally posted by: Zenmervolt
Originally posted by: Imdmn04
If you have to buy a 10 yr old Porsche than you can't afford the maintenance on it, unless you do the work all yourself.
Even though it is only worth 20k now, the maintenance is still the price of a 90k car.
That's just not true. Care and feeding of an old Porsche isn't as cheap as for a Honda, but the reality is that you're probably only looking at $2,000 to $3,000 per year on average. If a person can legitimately afford a $25,000 car, they can afford the $150-$250/month in maintenance for that car.
ZV
I don't agree. A 25,000 car isn't much where $150-250 is justifiable just to keep it running. Take a run of the mill car, camry, accord, taurus (that what they still make?), g6 and the only real maintenance you'll be doing (unless something breaks) is oil changes. Total maintenance including timing belts or hoses, brakes, tires should add up to maybe 500 bucks a year.
Before I post something stupid, i'm going to do some simple rounded math with what I consider easy to find prices, if not a little high.
Yearly average mileage, 15k
Oil changes, every 5k @ 30 = 90 a year
60k maintenance like spark plugs, belt change, coolant, brake fluid, tires, brake pads should be around 1000. ~500 for tires and installation, 200 for brakes + brake fluid, 50 for coolant, 250 for other maint like bs 31 point inspections, timing belt/water pump.
1000/4 = 250 a year + 90 for oil changes = 340 a year.
EDIT: Anyway, the point is that you will be spending more than "usual" to maintain this car.