Dpvog wrote:
In reply to Osterkraut:
My WRX, which had less than 30k on it and was completely stock when I purchased it 6 months ago for $11,000. That wasn't even a good deal. A 100k WRX is worth more like $8,000 dollars.
NOW we're to the crux of the matter. Osterkraut bought a WRX six months ago with under 30k miles for $11k, which he says "wasn't even a good deal." What Neon is considering is buying a WRX with 104k miles for $10K. Osterkraut says he should pay more like 8K for the car. By that reasoning, even if Neon got the $8k price that Osterkraut says he should aim for, the more than 74k extra miles is worth only $3K in savings. In fact, 74k miles is probably half of the anticipated life of the car. Worse yet, its the best half, with the fewest repairs, and the most enjoyable driving experience. Neon just sold the 74k newest and best miles of driving in his "new" car to a complete stranger for $3,000. Now that's a smart move! Since it's such a good idea, Osterkraut, let me rent your WRX. I'll give it back to you next year with 104k miles on it, and I'll pay you $4k! That's better than the deal you're telling Neon to make. -Doug
No, but you could have bought it from me for $11,000, put 74 thousand miles on it, and if it was in similar shape that when I left it, sans mileage, I would have purchased it back from you for $8000! If you abused it, well, that's what a pre-purchase inspection helps discover.
Plus, my extra $4k would pay for an STi swap in the unlikely event things go south.
A 100k Subie is more than likely good for another 100k, especially if it was well treated. Mileage and the "WRX" badge don't translate to a beaten, abused car.
Tacking on 1/3rd the cost of a purchase on an assumption that a used car isn't reliable is a huge leap.
Would I buy the WRX the OP is looking at? No. That's too much for that car, and there are WAY too many WRXs rolling around for me to buy one that lived in the north. Would I buy a 100k WRX and be confident of at least 50k (5ish years) of reliable service? Well, till I found my gem, I was prepared to.