YACT: What cars should I consider?

[Penth]

I'm looking to buy a car. Right now I'm considering a 1999 Lexus RX300 and a 2001 Lincoln LS. Both would have pretty high miles on them, like 70-90k. I wonder though if I would be wasting money buying a car with that many miles when I won't be putting very many miles of my own on it. My current job and school have me driving something like 2000 miles per year. Do cars depreciate more with higher mileage or more years. Like if I were to buy the 1999 RX300 with 90k miles and in 5 years I sold it with 110k would it depreciate a whole lot more.

I know cars aren't really an investment because they almost always lose a significant portion of their value, but I would like to minimize my losses while having something nice at the same time.

 

[radioouman]

What is your price range/

I"d buy a Honda. The used resale value is always really good.

 

[NutBucket]

No brainer to get the Lexus. The initial depreciation hit was taken by the original owner. At this point they're not going to drop significantly more (at least the Lexus). The LS isn't worth beans to begin with

 

[Rebasxer]

Originally posted by: radioouman
What is your price range/

I"d buy a Honda. The used resale value is always really good.

Sounds like hes looking for something more upscale than a honda...

 

[habib89]

if your'e only going to be driving 2000 miles per year, why even buy such an expensive car?

 

[Koenigsegg]

Lexus with it's Toyota reptutation will depreciate less. A 10 year old Lexus with 100k will still hold its value a lot better than most cars out there.

 

[iamwiz82]

I'd rather have the Lincoln.

 

[Quixfire]

Originally posted by: NutBucket
No brainer to get the Lexus. The initial depreciation hit was taken by the original owner. At this point they're not going to drop significantly more (at least the Lexus). The LS isn't worth beans to begin with

I agree with Nutbucket. Both are good vehicles but the Lexus would hold it's value better than the Lincoln.

 

[Mermaidman]

Whichever car you select, try to get proof that the major maintenance has been done already. Do those cars need timing belts or serpentine belts replaced?