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Old 07-16-2020, 03:15 PM   #61
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I've had the BEST luck with Toyotas...Camrys and now a great Avalon! All bought

3 years old, low miles, and certified not even necessary, as they charge extra, and these models are so reliable you don't need the extra expense.
Just check the CARFAX and look closely at anything out of the ordinary, at a reputable dealer, and you do well!
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Old 07-16-2020, 03:28 PM   #62
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I've had the BEST luck with Toyotas...Camrys and now a great Avalon! All bought

3 years old, low miles, and certified not even necessary, as they charge extra, and these models are so reliable you don't need the extra expense.
Just check the CARFAX and look closely at anything out of the ordinary, at a reputable dealer, and you do well!
No one buys a BMW or Mercedes for Good Luck! It's called Pride of Ownership!

My neighbor down the road a bit has a BMW roadster and she was bragging to me that she has a $5000.00 repair invoice. I asked her what was fixed and she didn't know! This is a true story!
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Old 07-16-2020, 03:44 PM   #63
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.........Nobody seems to mention the extended warranties....have I been had?..........
Coming out ahead on extended warranties seems to fall in the same category as casino winnings. You never hear about the losses.
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Old 07-17-2020, 11:09 AM   #64
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My limit for repair cost would be a maximum of 10% of current car value. Anything higher than that I consider selling. At 20% of value no way I keep the car unless its under 2-3 years old and prestine.
Keeping your maintenance cost to 10% or less will restrict you to fairly new cars. I sold my last car for $4K. That means the new owner can't do much more than an oil change before reselling. I tend to look at total cost. Newer cars have lower maintenance and higher depreciation. Older cars have higher maintenance and lower depreciation.
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Old 07-17-2020, 11:20 AM   #65
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With a couple of exceptions (one good, one expensive) I've been a new car buyer, keeping them 100K or more miles. Unless a car is reliable, but unpopular, I find used car prices to be crazier than new car prices.

If you calculate economic life as 150K to 200K miles, 50% of new price for 30% of remaining vehicle life seems common. Yes, I know that a long-term owner with a good mechanic or a dedicated DIY can keep a car longer.

Also, if you're going to be hosed with every transaction, it's best to minimize the total number of transactions.
I bought a brand new car in 1992 and kept it for 15 years, 290K miles. Next car bought brand new and kept it 13 years, 220K miles. Both cars were running great when I sold them.
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Old 07-17-2020, 03:11 PM   #66
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Coming out ahead on extended warranties seems to fall in the same category as casino winnings. You never hear about the losses.


LOL. If you plan to keep a vehicle a long time seems like easy insurance to me. As I read on another thread recently, and paraphrase, ..... insurance is one of the most important things you should have...isn’t a warranty just insurance?

Surprising so many risk takers on ER go without it
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Old 07-17-2020, 06:04 PM   #67
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LOL. If you plan to keep a vehicle a long time seems like easy insurance to me. As I read on another thread recently, and paraphrase, ..... insurance is one of the most important things you should have...isn’t a warranty just insurance?

Surprising so many risk takers on ER go without it
Yes an extended warranty is just insurance and a basic tenet of buying insurance is to never insure against a loss you can sustain easily. Insurers are experts at estimating risks and payouts and price premiums accordingly.
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Old 07-17-2020, 06:32 PM   #68
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Yes an extended warranty is just insurance and a basic tenet of buying insurance is to never insure against a loss you can sustain easily. Insurers are experts at estimating risks and payouts and price premiums accordingly.


Agreed.

However, those “small” self-insured breakdown/repair costs are generally prelude to a much larger outlay on a replacement vehicle. With the extended warranty a person gets to push the replacement vehicle purchase out, sometimes considerably longer. Maybe to such an extent to even completely avoid the purchase of one or more vehicles over time.

Not saying everyone/anyone should buy one, just that there can be decent value in them.
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Old 07-17-2020, 06:54 PM   #69
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Agreed.

However, those “small” self-insured breakdown/repair costs are generally prelude to a much larger outlay on a replacement vehicle. With the extended warranty a person gets to push the replacement vehicle purchase out, sometimes considerably longer. Maybe to such an extent to even completely avoid the purchase of one or more vehicles over time.

Not saying everyone/anyone should buy one, just that there can be decent value in them.
I find it strange logic, but whatever works for you.
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Old 07-17-2020, 08:45 PM   #70
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My limit for repair cost would be a maximum of 10% of current car value. Anything higher than that I consider selling. At 20% of value no way I keep the car unless its under 2-3 years old and prestine.


I could not follow a 10% limit for repairs. I try to manage overall cost to <~$200/mo. Does your 10% limit include tire replacements? Probably not. My cars are very old.
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Old 07-18-2020, 03:51 AM   #71
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A 10% limit on a car worth a few thousand doesn’t make a whole lot of sense.

But I have a theory of why you are having bad luck. You need to switch to just off lease cars a few years old at most and preferably ones that still have a year left on their bumper to bumper warranties. Many luxury brands have warranties of 3-5 years now so you can find the luxury cars you seem to like but get them cheaper.

Find one that depreciates more than average (Audi infinity Cadillac) and you should be able to get a three year old car for 50% of new maybe less if you search hard.

These cars should last you another 10 years after you buy them if you don’t put too many miles on.
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Old 07-18-2020, 04:37 PM   #72
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We took our time buying our current vehicles. About 2-3 months to find the right Accord....full load, no accidents, low mileage.

Same for the Solara...including the soft top.

Took my time, I am fussy. Looked at several when buying the Accord. Bought the Solara on the first viewing but cancelled lots out on line prior to buying one.

Know what you want. Take your time. Don't be impatient. Trust but verify.
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Old 07-18-2020, 04:46 PM   #73
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Originally Posted by 51notout View Post
LOL. If you plan to keep a vehicle a long time seems like easy insurance to me. As I read on another thread recently, and paraphrase, ..... insurance is one of the most important things you should have...isn’t a warranty just insurance?

Surprising so many risk takers on ER go without it
If I could buy lifetime car warranty for $1,800 I would, and then I'd keep the car for the rest of my life.

When I bought my Toyota, they offered a 4 year warranty for $1,500 to take effect after the standard 3 yr finished. I WISH they had offered a lifetime one. It would be a gift.
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Old 07-18-2020, 04:47 PM   #74
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Sorry - I had forgotten about Mitsubishi - the post re the 1972 Dodge Colt reminded me it was built by Mitsubishi.

I would add Mitsubishi to the list of never buy.
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Old 07-18-2020, 06:03 PM   #75
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If I could buy lifetime car warranty for $1,800 I would, and then I'd keep the car for the rest of my life.

When I bought my Toyota, they offered a 4 year warranty for $1,500 to take effect after the standard 3 yr finished. I WISH they had offered a lifetime one. It would be a gift.
There are OEM extended warranties and then there are other companies' extended warranties, some issued by fly by night companies. I've never seen an OEM lifetime extended warranty.
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Worst luck with used cars...now what?
Old 07-19-2020, 07:07 AM   #76
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Worst luck with used cars...now what?

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There are OEM extended warranties and then there are other companies' extended warranties, some issued by fly by night companies. I've never seen an OEM lifetime extended warranty.


I’ve got two of them. Both Chrysler issued warranties. Another poster said they are not offering them anymore which is disappointing. I got mine in 2008 and 2014. Both from Chrysler dealerships.

Here’s a link to some details.

https://www.chryslerwarrantys.com/lifetime_warranty.cfm

Discontinued the lifetime warranty at the end of 2018. From the blurb Chrysler claimed to be the only company offering such warranties.
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Old 07-19-2020, 08:10 AM   #77
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BMW is not really in the business of selling cars; they're in the business of selling lease contracts. Their vehicles are designed to return a wonderful consumer experience for the duration of two lease terms (new off the lot, then as a certified pre-owned to another customer once the first lease is returned.) They're not built for longevity (plastic parts abound in the delicate cooling system) or long-term maintenance (they no longer have dipsticks for checking the oil.) Same with the lion's share of Euro luxury rides.
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Old 07-19-2020, 09:06 AM   #78
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BMW is not really in the business of selling cars; they're in the business of selling lease contracts. Their vehicles are designed to return a wonderful consumer experience for the duration of two lease terms (new off the lot, then as a certified pre-owned to another customer once the first lease is returned.) They're not built for longevity (plastic parts abound in the delicate cooling system) or long-term maintenance (they no longer have dipsticks for checking the oil.) Same with the lion's share of Euro luxury rides.
No BMW Longevity?
My current BMW is 13 years old 130K miles and still runs great. Little maintenance or major repairs. My husbands last BMW lasted 16 years 230K miles. His one before that was almost 20 years old and also 200K miles or so.

All purchased at about 3 years of age second hand.

But I do agree with BMW's business model of lease ==> CPO.
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Old 07-19-2020, 12:07 PM   #79
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I’ve got two of them. Both Chrysler issued warranties.........
I'm amazed.
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Old 07-19-2020, 12:50 PM   #80
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BMW is not really in the business of selling cars; they're in the business of selling lease contracts. Their vehicles are designed to return a wonderful consumer experience for the duration of two lease terms (new off the lot, then as a certified pre-owned to another customer once the first lease is returned.) They're not built for longevity (plastic parts abound in the delicate cooling system) or long-term maintenance (they no longer have dipsticks for checking the oil.) Same with the lion's share of Euro luxury rides.
Pretty much all cars have MANY plastic parts anymore. It's all about weight reduction and actually better materials for the purposes. And true, never German cars don't have dipsticks for motor oil checking. That's accomplished with a sensor in the oil pan and digital readout.

I had a 2003 VW that didn't have a dipstick for the auto transmission. That's quite a common feature over the last 15 years in many cars.
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