Misfitmorgan's Journal - Hello Spring, My old friend!

misfitmorgan

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I believe there is a pretty big margin built in. I don't think they would give you some back per say but if you were trading in or selling you would get it back that way. I don't believe it is much different then leasing only with a longer term and the ability to keep it if you want. I have not see anything saying you are held to a certain mileage either as with leases. If the value was significantly less then it should be due to poor care or a ton of extra miles I assume you would need to pay the difference but in most situations I don't think it would be a big deal.
 

misfitmorgan

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Same here. Up until now, I have had two pickups since 1995 and both were Tacomas.
My last two were kept until dead however i did notice as my vehicles aged the up keep got a lot more expensive. Like i ended up having 20+k into a 2008 trailblazer, not smart. So i think it depends a lot on the vehicle and how new it is when you buy it. The 2008 trailblazer i got in 2015 it was already 8 yrs old and driven hard. My chevy cruze i have now is 2014 and it was taken much better care of, even so i have already replaced both wheel bearings, and rotors on the front. We will also have to replace the catalytic converter before winter. Luckily DH does the work for our vehicles so no high labor bills. I will either be getting a brand new car for my next vehicle or a newer suv most likely so the flex program is appealing. I only keep vehicles so far 4-5yrs, but that may be a product of buying older ones.
 

Mike CHS

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Up until this year, I have bought low mile 1-2 year old trucks and had good luck. My first Tacoma only had 40K miles on it when my ex BIL helped me kill it. We had a hurricane come through and since he wasn't prepared he came over and borrowed a can of gas. A week or so later he brought my can back full of gas which I put into my truck. The next time I drove it I was just about to work and it started dying on me. I was only about a block from a decent garage so I walked over and asked them to tow it in and see what was going on. He called a little later and asked me how my truck got water in the gas tank. I had no idea how water got in but I had a pretty good guess. I later asked my BIL where he got the gas (thinking he might have bought it at a station that had storm damage) but he told me he siphoned it out of one of his cars which had been under water.

The Tacoma I have now has had all of the routine maintenance but only had to have an AC compressor replaced recently but it has 280K miles on it.
 

misfitmorgan

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Up until this year, I have bought low mile 1-2 year old trucks and had good luck. My first Tacoma only had 40K miles on it when my ex BIL helped me kill it. We had a hurricane come through and since he wasn't prepared he came over and borrowed a can of gas. A week or so later he brought my can back full of gas which I put into my truck. The next time I drove it I was just about to work and it started dying on me. I was only about a block from a decent garage so I walked over and asked them to tow it in and see what was going on. He called a little later and asked me how my truck got water in the gas tank. I had no idea how water got in but I had a pretty good guess. I later asked my BIL where he got the gas (thinking he might have bought it at a station that had storm damage) but he told me he siphoned it out of one of his cars which had been under water.

The Tacoma I have now has had all of the routine maintenance but only had to have an AC compressor replaced recently but it has 280K miles on it.
Well that was surely nice of your BIL.

The trailblazer had 121k on it when we bought it, when we got rid of it it had almost 300k. It's biggest three problems were electrical issues from the design, suspension gone, and it had gotten in some kind of accident which wasnt on the carfax report and took us about 1.5yrs to figure out what as wrong with it. The accident had bent the frame so it went thru wheel bearing, tie rod ends, and tires at a ridiculous rate. In 5 years it got 7 wheel bearing, 4 tie rod ends, a new alternator, a new battery, 7 sets of tires, and would never stay in alignment because the suspension was shot. Also the front end replaced twice from hitting deer and a new rear axle/differential but those were more our fault then the cars.
 
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