In general, is it worth trying to maintain a vehicle that has more than 100,000 miles or are you better off with a newer car?
Answered by: Tom Moog
I have bought only one new car in my life. It burned down on the side of the interstate 800 miles into a 1600 mile trip from a manufacturer's defect with only 30k miles on it. Still under the original 3/36 warranty, the manufacturer advised me to just go buy another one and that the insurance company would settle the bill for the one that burned down.
Similarly, I have bought cars for less than $1000.00 that ran seemingly forever. I bought a 74 Dodge Charger rust-mobile once for ten bucks… that was a 5 and 5 ones and he gave me the keys and the title. I put well over 100k miles on it myself and finally drove it to the junk yard because the rust was having its way with it.
The junk man have me $25.00 for it which was more than double what I paid for it years before.
So, now I tell people that “I bought a new car once and got burned.”