Parents car got totaled, and the insurance company is cutting a very fat check this week.
When they bought their previous car, they were driving more. Now they are both retired and driving a lot less (7,000 miles a year or less).
I would prefer to buy something used, and use an all cash offer a leverage to drive the price down.
They need something reliable for the next 5 years.
Some things that popped up used locally:
2008 Malibu LS $9000
2010 Insight LX $12,500
2009 Camry LE $11,000
2009 Accord EX-L $14,000
2011 Sonata GLS $15,000
Most of these cars are high mileage between 80k-100k (except the Insight which was 60k, and the Sonata at 30k). I figure that because they are driving so little, a high-mileage car won't necessarily be a deal-breaker.
Any thoughts? Should I even bother looking at something German? Or maybe something higher-end on the Japanese scale (Acura, Lexus)?
When they bought their previous car, they were driving more. Now they are both retired and driving a lot less (7,000 miles a year or less).
I would prefer to buy something used, and use an all cash offer a leverage to drive the price down.
They need something reliable for the next 5 years.
Some things that popped up used locally:
2008 Malibu LS $9000
2010 Insight LX $12,500
2009 Camry LE $11,000
2009 Accord EX-L $14,000
2011 Sonata GLS $15,000
Most of these cars are high mileage between 80k-100k (except the Insight which was 60k, and the Sonata at 30k). I figure that because they are driving so little, a high-mileage car won't necessarily be a deal-breaker.
Any thoughts? Should I even bother looking at something German? Or maybe something higher-end on the Japanese scale (Acura, Lexus)?