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Originally Posted by VGM911
In making our car-buying decisions, we either pay a higher purchase price for a newer car (to reduce maintenance and repair costs, better reliability, improved performance, etc.) or we pay a lower price for an older car (and take our chances on being faced with higher maintenance and repair costs in lieu of big depreciation/insurance costs).
There's no one right answer that applies to all buyers. A $6,000 Boxster makes many of us squeamish, but in context of the above, one could argue that it's no better or worse a deal then any other Boxster on the market in the sense that the total cost of ownership could be comparable.
This is not a value argument, per se, but the low $6,000 price lets the potential buyer dodge the biggest costs of all - depreciation and insurance, and leaves a lot of money not spent in purchase price to be available for the maintenance and repairs.
Just sayin'.
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I totally agree. There's a new forum member who recently bought a '97 for around $3500. He says his mechanic buddy is helping him with alot of the work and for that price he got a good project car. However after adding up cost of all parts and work he might end up about even if he had gotten a later model car in good condition. But he gained alot of experience and hopefully alot of fun.
For me though, at this point in my life, I don't need any more project cars and i would rather pay extra up front for a car I can drive and enjoy everyday which is what I did.