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- Nov 6, 2015
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After 5 faithful years I totaled my beloved Jeep driving home late night after a swing shift. Like 55 mph-head-on collision, exploded front end totaled. Luckily the no one was hurt and other guy was found 100% at fault so I should be getting around 10k for my car from his insurance.
I’m thinking of getting a used Subaru Outback. Trying to decide if it’s better to get one closer to 90k miles for around $15k or spring for something closer to $23k with 30-50k miles.
If I get the cheaper car I could stretch the insurance money to cover my payments until I’m done with residency. If I get the pricier one I’ll have 6-9 months of PGY3 where I’ll have to use moonlighting money to help cover the payment...which means that’s money I can’t save to meet other financial goals like saving or loans.
Our residency has a few sites so a good 4month chunk of the year I’m driving 80+ miles/day for work. So reliability and the cars ability to absorb a ton of mileage is paramount.
So...how many miles is too many miles in a used car?
I’m thinking of getting a used Subaru Outback. Trying to decide if it’s better to get one closer to 90k miles for around $15k or spring for something closer to $23k with 30-50k miles.
If I get the cheaper car I could stretch the insurance money to cover my payments until I’m done with residency. If I get the pricier one I’ll have 6-9 months of PGY3 where I’ll have to use moonlighting money to help cover the payment...which means that’s money I can’t save to meet other financial goals like saving or loans.
Our residency has a few sites so a good 4month chunk of the year I’m driving 80+ miles/day for work. So reliability and the cars ability to absorb a ton of mileage is paramount.
So...how many miles is too many miles in a used car?