Car breh's and Coli Accountants, how old is too old for a used vehicle

Alvin

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Looking at 3 vehicles to replace my aging, rusted out Focus (170,000) miles. I was looking at a VW Taos brand new, for 30,000 (would either lease or finance) but the guy told me I can get all the same features in that VW Taos (driver assists, Apple CarPlay, etc.) for a 2018 VW Tiguan with 45,000 miles on it, it's going for 24,000. There is also a Cadillac ATS, 2017 (have to check mileage again Monday, but it appears to be at 50,000 - 60,000). That's going for 27,000 and is mid-level luxury car.
 

Saint1

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I bought a new car paid it off. I would've rather just bought the same car a year or two used and saved like 10Gs
 

Mike Nasty

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With money you're talking why wouldn't you look at an Accord, Camry or used Lexus.

IMHO
100% NO on a used Cadillac
Lease the new WV
 

⠀X ⠀

Geoff
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How much cash do you have to put into a car? The smart thing to do would to buy a Honda or Toyota/Lexus. Spend no more than 15k to 20k.
 

CopiousX

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Poor time to finance anything. A market correction is coming.
Correct me if im wrong here, but isnt the fed about to begin a stream of interst rate increases to combat inflation?:jbhmm:


If so, then now would seem like the best time to (refinance/newly finance) everything before the central fed's lending rate to its partner institutions increases. That same rate should migrate its way to bussiness and consumer debt, similar to how due to fed action, it was normal to have double digit home lending interest rates during the horrible inflation of the 70s and 80s.:patrice:
 

Alvin

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Poor time to finance anything. A market correction is coming.
I need a car now though, I was going to wait until the summer but I spent more on the last 3 months in repairs on my cars that I could've used that as a down payment. It's just timing, how was I to know that it would start to crap out on me now.
 

Alvin

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Correct me if im wrong here, but isnt the fed about to begin a stream of interst rate increases to combat inflation?:jbhmm:


If so, then now would seem like the best time to (refinance/newly finance) everything before the central fed's lending rate to its partner institutions increases. That same rate should migrate its way to bussiness and consumer debt, similar to how due to fed action, it was normal to have double digit home lending interest rates during the horrible inflation of the 70s and 80s.:patrice:
:ohhh:
 
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