@@لا-معبود--حق--إلا-اللهyou believe that the Quran is uncreated. But the Quran is not Allah. So you have 2 uncreated beings, separate from each other, and it is said that in heaven the Quran will speak to Allah. So is it Allah speaking to Allah? I don’t think so. Your religion is polytheistic and you should return to the original and worship HaShem.
The great thing about old cars is that all of their faults are now well known and you can make an informed risk choice or budget for mitigation - ie; IMS bearings on Porsches, etc.
Excellent point, bore scoring on 911 engines (which the web will have you believe never happens), but I had to spend tens of thousands of dollars fixing 😂
Doug, I think there’s another critical factor to consider….the usage model for the car, is this car going to your daily or frequently driven car, or more of a car that you enjoy on weekends for a fun drive. I am much more open to buying an older, well cared for car if I will only put a couple thousand miles on it each year. I personally wouldn’t want to daily a 20 year old performance car. Bill
Yeah. Don't be like me. Bought a 2004 Audi A4 B6 wagon 6 speed and it has been everything but easy. But I am pushing thru. God help me and my wallet. 😂
@@howardjennings1166 Howard, we have similar taste in cars. I have a 2005 M3, but don’t daily it. Great that you bought a good one. Me too, but I think the odds are better driving a newer car than to daily an old performance car, even if one that’s well sorted. That’s all I am saying. Bill
The concept that you are buying the seller and not the car is a piece of advice that I have never heard before in 25 years of car ownership, and is absolutely on point from my experience.
Like buying a car from a lady driver who has only driven her car to and from the office versus a stupid car enthusiast who has put all retarded mods and raced the car every week before selling it off to you.
This breakdown was way more objectively financial advice than the kinds of things I was thinking you were going to talk about. For a sports car/performance car, newer will be much faster, but the experience will be more numbed. I prefer the slower and more analog experience. My sports car is a 1990 Rx7 and its dog slow, but it is so much more engaging than nearly anything sold today and you can’t make me stop smiling when I’m driving it. If I had the money, I’d probably get like a C7 Corvette, which I still consider a “newer” car but doing a comparable cost with the older Rx7, it’d be more likely compared to a Miata or GR86/BRZ
"the experience will be numbed" is the single best way to have stated this truth. Just bought a 2010 STi back in June 2024 to build and daily-drive primarily because I wanted something raw, yet somewhat modern. One of the best decisions I've ever made.
90’s are a sweet spot for me. Relatively analog and engaging but still modern enough to be reliable (if it’s a good one and maintained well). I have a 1999 Boxster which is fun, practical, and can be purchased in nice shape for less than an early Miata in equal condition (I love Miata’s and have owned two NAs, that wasn’t a put down). Funny thing is that I bought a 1967 MGB back in 1989, so equivalent to buying a 2002 Miata today. the MG was a decrepit antique in comparison.
I was surprised that Doug did not talk about experience of driving more. And the use you plan for the car - daily, dinner out with the significant other, Sunday drives, HPDE, Autocross, Time Trials,
Also where you will drive it. I commute in Seattle and breakdowns are an unhappy day. Some do it but my tolerance isn’t that high. If it is my second or third car the considerations are different
I bought a Porsche 997.2 five years ago with 60000 miles and I've only had to do the normal scheduled maintenance. The car is now worth more than I paid.
Great Video . . . I will say modern equals heavy. But they generally have more horsepower. In my collection I have a 1999 Porsche Carrera 4, 1999 Lotus Esprit V8, 1999 Dodge Viper RT/10 and a 1999 Ferrari 360 Modena. I love driving them as well as the newer ones, I will say I feel more connected to the road in the older cars. And all that is caveated by the fact that I am 57 years old, so you could say I am an older model!
@@nucleargrizzly1776 The 360 I had the mirror switch go bad, would not press and select the left mirror. I recently had to replace the ride height detection switch that sort of tells the computer how to manage the active suspension. Other than that, not much . . .belts and clutch have been done in the past few years.
@@nucleargrizzly1776 You know, knock on wood, not a lot of bespoke parts i have had to replace. The clutch parts are all still available, if the trans goes, i am in trouble. If the motor has major issues, I am in trouble. But since Lotus was such a small outfit, many of their parts are taken from other manufacturers from Japanese to GM, GM owned them at the time so these cars are cobbled together from whatever they could get. The owner community is great as far as support. But you do have to be willing to roll the dice when you go out and get into it. Mine is bone stock, no increased boost, just stock. i think it is well within the limits of the car to handle 350hp.
Always seems to be more economical to fix what you have or to buy older. But sometimes in life, you just need something new and pretty and clean. I’m speaking of a car by the way.
I bought a 986 Boxster one year ago. Basically everything Doug described here was what I did. I love rowing through those gears knowing I paid almost nothing.
Other thing about those CPOs is that they tend to come with an extended and extendable warranty. You can get a 1-5 year old mercedes with whatever is left on the original warranty, then the 1 year unlimited CPO warranty takes over, then you can extend that to a 2 or 3 (I forget) year limited warranty that handles most of the truly expensive stuff and be good to go for years even if something does happen to it
2:56 I purchased an S2000 off of cars and bids in May of 23’ and it had this exact issue of working for maybe a month before the engine blew and I was out just about the entire value of the car. Such a heart break but such is the world of used cars, especially fun ones.
Sorry to hear that! No matter how nice the photos are, a used car is never a promise. Learned that when I bought my first car a decade ago and 10 minutes into the drive home the engine gave out. I spent more on the tow home than on the car that day lol Did you ship the S200 or drive it home when you won the bid?
@@mateogarcia4500 I looked at the history of s2ks sold at that time I'm guessing you had an ap1 . The early cars had retainer issues when over revved , timing chain tensioner issues , and generally needed to be checked for oil consumption frequently . Normally most buyers are aware of these issues and are prevented , curious as to what happened specifically to yours if you don't mind elaborating
I rented a new 911 for several days. I was surprised to find that my 2012 Panamera GTS had better road feel. And, my 2008 Boxster S, which is much slower, was frankly much more fun to drive. The stick helps.
I did both. Bought a Jaguar XF new, watched it depreciate to almost nothing over 11 years (but forgave it every time I drove it) and then traded it in for a lowish miles 6 year old XJ 351 with the very rare SC V6. Bought it from a second hand car dealer (!) but it has turned out well. Will have to check those coolant pipes under the supercharger soon though.
Doug, hope you see this comment. This new content you are putting out is excellent, the comparisons and review-type videos especially. I think you are really onto something here. Thanks a ton for all the extra work! You are becoming a true teacher in the area of cars its very helpful to big car guy like myself.
6:50-9:40 - PERFECT advice for buying an older performance/exotic. A very decent quality '09 Manual V8 R8 in England costs around £40K and has totally bottomed out on depreciation. I did my research and found all the common issues that could reasonably be investigated and for the ones that can't, I trusted the seller on his word. The private seller was highly educated, so genuine and honest about it's flaws, car itself was meticulously cleaned and maintained and was proud of his Full Audi Service History. Two years of ownership and not a single major issue. A far cry from my Nissan 350Z ownership experience from (in hindsight) a shady dealership but that's another story. I truly bought the seller, not the car.
@@nyquilhelps4212 First of all, they were singing it's praises but more about 350Zs in general but not going into much detail about this specific car. I did a bit of research on 350Zs (nowhere near enough now looking back) so when I asked about certain common issues, just like politicians, they expertly wormed their way around giving a direct answer. There weren't too many specifics that I could pinpoint per se, but more the that bad gut feeling I got. This was my first ever car purchase and I did it on my own, so I put that uneasy feeling down to nerves of being outside my comfort zone, so I ignored it. Bought it and enjoyed it for 2 months, then it went into, and stayed in limp mode. The dealership dragged their feet for a month (UK has laws for a mandatory 3 month warranty) then washed their hands of it. My local mechanic quoted me for the repairs to be £2.5K on a car I paid £4K for. He didn't even recommended me, he TOLD me to decline repairs as the whole chassis was rusted through and could literally fall apart at any moment and kill me. Ended up selling the car for parts for £1K.
@@nyquilhelps4212 First of all, they were singing it's praises but more about 350Zs in general but not going into much detail about this specific car. I did a bit of research on 350Zs (nowhere near enough now looking back) so when I asked about certain common issues, they expertly wormed their way around giving a direct answer. There weren't too many specifics that I could pinpoint per se, but more the that bad gut feeling I got. This was my first ever car purchase and I did it on my own, so I put that uneasy feeling down to nerves of being outside my comfort zone, so I ignored it. Bought it and enjoyed it for 2 months, then it went into, and stayed in limp mode. The dealership dragged their feet for a month (UK has laws for a mandatory 3 month warranty) then washed their hands of it. My local mechanic quoted me for the repairs to be £2.5K on a car I paid £4K for. He didn't even recommended me, he TOLD me to decline repairs as the whole chassis was rusted through and could literally fall apart at any moment and kill me. Ended up selling the car for parts for £1K.
@@nyquilhelps4212 First of all, they were singing it's praises but more about 350Zs in general but not going into detail about this specific car. When I asked about common issues, they expertly wormed their way around giving me a direct answer. There weren't too many specifics that I could pinpoint per se, but more that bad gut feeling I got. This was my first ever car purchase and I did it on my own, so I put that uneasy feeling down to nerves of being outside my comfort zone, so I ignored it. Bought it and enjoyed it for 2 months, then it went into, and stayed in limp mode. The dealership dragged their feet for a month (UK has laws for a mandatory 3 months warranty) then washed their hands of it. My local mechanic quoted me for the repairs to be £2.5k on a car I paid £4k for. He didn't even recommend me, he TOLD me to decline repairs as the whole chassis was rusted through and it could literally fall apart whilst driving. Ended up selling the car for parts for £1k.
@nyquilhelps4212 - First of all, they were singing it's praises but more about 350Zs in general but not going into much detail about this specific car. I did a bit of research on 350Zs (nowhere near enough now looking back) so when I asked about certain common issues, they expertly wormed their way around giving a direct answer. There weren't too many specifics that I could pinpoint per se, but more the that bad gut feeling I got. This was my first ever car purchase and I did it on my own, so I put that uneasy feeling down to nerves of being outside my comfort zone, so I ignored it. Bought it and enjoyed it for 2 months, then it went into, and stayed in limp mode. The dealership dragged their feet for a month (UK has laws for a mandatory 3 month warranty) then washed their hands of it. My local mechanic quoted me for the repairs to be £2.5K on a car I paid £4K for. He didn't even recommended me, he TOLD me to decline repairs as the whole chassis was rusted through and could literally fall apart at any moment whilst driving. Ended up selling the car for parts for £1K.
An important caveat to maintenance and repairs is how comfortable you are doing them yourself. I just bought a 986S and there is nothing I don't think I'd attempt to do on it. So I get a Porsche driving experience (it really is as good as they say) for a fraction of the cost and the fun of owning a classic car keeping it working amd nice on my own.
I am the original owner of a 1999 986 Boxster and just got a 2023 718 Spyder. Love them both. For the money, the Boxster is an amazing car to this day. Puts a smile on my face when in either one.
Yup! Same here, only the 911/996 version. Bought with low end "motorcycle money" pre-covid, it has easily doubled in value. So much fun to drive. Surprises my every time. Stupid reliable, too. Pretty much on par with my "better than a Toyota" Jeep XJ 4.0 Inline 6. I own both. Not many people can say that 2 of their cars are appreciating in value.
I had a Lancia Delta Integrale that was mostly trouble free for 17,000 miles then much later got a 2016 Lexus RCF, so I have had both ends of the spectrum. Eventually I decided my fun car needed to reliably travel 3 hours on the interstate with no problems
I agree with Doug on your buying the seller. My worst car transactions have been when I've overlooked the flaws or seller "red flags" because I was in love with the car I wanted to buy.
My 90s sports car suits me well. I’ve always liked fiddling with and repairing old things. And I bought a nicely kept one, so I didn’t have to do much quickly- I can handle things as they come along, and they do come along. I also bought it right after it hit the bottom of its depreciation curve, and it’s already worth a little bit more than what I bought it for.
Old. The end. They’re more about connecting the driver to the machine and to the road. And you can feel comfortable wringing them out without bankrupting yourself. Plus, I can’t afford new, so that too lol.
My '69 Z28 and '73 911 have been been very reliable and relatively inexpensive to repair (I can do everything myself). Both have appreciated in value. Both are slower yet more fun on a twisty road than any new car I've driven.
I got a 2016 BMW M235i on cars and bids to replace my problem plagued E46 (which I bought to replace my even worse E36). I miss the steering of the E46 but the power, comfort, and relative reliability of the M235i has been great. I still have physical buttons and Bluetooth with no silly modern features that get in the way.
Good advice. I bought an 07 GT500 and do my own maintenance so it wasnt too bad. Except it needed a clutch so that was a pain but still cheaper than a new one.
Doug has grown immensely in the scope of his wisdom. Researching models has never been easier with forums sharing the experiences of owners which provides a source to develop a strategy for better ownership. Avoiding the common issues and enhancing reliability become incorporated into that strategy. Like Doug said, sometimes we just want the mechanical feel of hydraulic rack and pinion steering or a manual transmission.
"I've never really had any major issues I can think of with really any of my daily driver cars." I certainly didn't get TH-cam-famous making a whole long video series entirely about all the major issues I had with my daily driver car.
I'd rather own a 35 year old car that's been well-maintained than a 5 year old car that's just been driven and maybe had its oil changed a couple times. I don't know why so many people are terrified of doing maintenance, it's not rocket science. Doesn't matter if it's a 2024 model or a 1985 model, EVERY car needs maintenance.
If your budget is less than $60k, wait until what you want pops up on Carmax and get the extended warranty. Easily one of the most comprehensive warranty plans you can get. I’ve already had over $10k worth of repairs done to my sports car, all at zero cost to myself thanks to Carmax’s warranty (which I learned about thanks to Doug’s own advice regarding his Land Rover)
I’m very surprised you didn’t focus on a big factor: SAFETY. I’d love to get a MKIV or RX7 as a project, but 90s safety features are not as good as recent ones. And this is even more true for older cars. Air bag technology, chassis construction and much more are huge factors too. For many of us at an age and income level to buy these fun enthusiasts cars, safety is a big factor, up there with everything else. Cheers.
I bought a 2003 E55 AMG in ‘21 and the last four years have been trouble free. Seriously, just oil changes and new tires/alignment. Older cars have had the time to prove themselves as reliable or not. Plus older cars are usually way cooler 😎 trying to get into a 1999 C43 for my next daily driver!
I drive a 2005 Town Car that I bought for $1700 5 years ago. Put a total of around $1k into it and got 50k miles in return. A monthly payment for a similar new car is at least $800/mo. Investments have been running around 12% annualized. Unless you hate money, there's not much to discuss there.
I live in the UK and wanted to buy my wife a car for her 50th a few years ago and settled on an SLK because she said she loved them. I'm not handy under the bonnet so decided to get a reasonably recent one, so settled on the R132 (2nd gen) version. I was looking at 350s, but found all the ones that were in my price range were poorly looked after and I read they suffer more issues, so I settled on a 2007 200 Edition 10 special edition being sold by a young lady who lived nearby. It turns out it had all the performance my wife would need, but we still found it has cost some money to maintain (new control arms, tyres, getting MOT failure issue fixed) and most of the work we've had done was probably because the previous owner found she could no longer afford the maintenance, but we get a lot of enjoyment from it and it's been reasonably reliable overall. I'm glad I didn't go for a 986 Boxter of the same age and cost that I wanted for myself as maintenance for those is typically more than even on the SLK.
Really great video, I'll probably show this to some friends and maybe my parents, lol. I've been watching since I was 17 when I got my license and I've bought 4 cars since then. I've done pretty good in terms of reliability, the cars are dead solid, but my daily driver, the newest car, not the most recent car, is going to really hurt me on taxes and interest. In my province, New Brunswick, the sales tax is 15% on the dollar. Not to mention interest rates were sky high when I bought it (8.99% for 7Y). It's worth learning how to calculate interest over the length of your term and adding that to the budget. Obviously, this is a "young and dumb" mistake, but nothing I won't learn about and recover from. Also, the car is a 2017 Ford Fusion Sport. Truly underrated sport sedan if that's what you're after. Great vid Doug
Yes, very good points! I also want to add that it depends very much on if you have a car brand and model that you REALLY love the looks of, and heard many good things about. Then it is worth for you to take a mitigated risk chance (like Doug explained in this video) to own this particular make and model. The trouble then becomes to find a specific car with the exact combination of model year (for example before or after facelift), colour, engine, transmission, interior (trim, extras, seats, cloth or leather) and included tech. That can really narrow your selection down to zero if you chose a combination that few people chose when new. I have experience from this, and eventually had to let the colour and interior choice go. It was difficult and I somewhat regret it today, but if you wait too long, eventually the chance to find the perfect combination can pass you by because of circumstances you can’t control.
C6 Z06 here, with the heads addressed. Got a smokin deal on it, but was not looking for a Z because of the head issue. Love the analog everything in the C6. Test drove a C7, hated the gauges and the 7 speed.
I'm now on my 2nd Subaru Outback(2017). I bought it as a low mileage certified used car in 2020 at a Subaru dealer in N. Cal. It has been so far extremely reliable. I'm a senior and I like to buy vehicles that come with a warranty. I try to keep it in excellent condition. If I choose to sell it I wouldn't lose much value. This is my 2nd certified Subaru Outback(2014) that I've purchased. The first one was a 2014 almost exactly like the second one. I sold it just before the warranty ran out. It was also extremely reliable.and It held it's value extremely well. I didn't lose any money when I sold it.......
Yes, I totally agree with you! To me, modern cars are nice, and while sure, you no longer get an I6 engine in a standard 3 Series for example, in most cases, you are only driving in traffic, you wouldn't hear the roar of the I6 at high revs 99% of the time so they are fine :) But if you're buying a car to have fun, THAT is when you look at older cars, because most new cars, aren't really that fun anymore, the 911 is a massive GT now, no longer a spotrs car, etc. That is when this comparison of "old vs new" makes the most sense to me 🤔
Was discussing this topic of new vs used and risk tolerance/cost of ownership and repairs with my dad yesterday, while showing him what awesome he could get on C&B vs him telling me what he was planning to get from a local dealership new
Best bang for buck is Vettes, its wild to see the C7 Z06s still going for 80k+ when their MSRP is 84k or so, up until recent years I never realized Vettes were that reliable, previously lumped them in with the Hellcats and other American muscle cars. However, they are in a different league when it comes to handling.
My answer to this question after spending a ton of money repairing track cars that I bought used was to just buy the new car with a warranty I could track. My advice, unless you can work on these cars yourself or are a high earner that is not worried about saving tons is to buy the newer car
Ive had a 2011 ML350 4matic for about 8 years now and its been fantastic. Would highly recommend these vehicles, got it at 70k miles and am about to cross 200k!
5:50 That’s what I did I got a 2 year old car that still had factory warranty and it’s depreciation at the lowest already. Didn’t have to pay for service just wear and tear items.
I've owned two R53s, they're not much less reliable than anything else of that vintage. They're 19-23 year old BMWs at this point and I've still never been left stranded by an R53. I've been driving Minis for years. The R56 sprung an oil leak twice in the first 50k miles, and that car is a 2013. The '05 R53 needed an alternator after 85k miles. A crank pulley at 150k miles for the '06 R53. I was able to limp it back after those 2 failures without paying for a tow. They're not Toyotas but they haven't been money pits either. I modified and drove the heck out of the '06 after buying it in junk condition for $1500. Both Minis are still on the road, one being my daily. The modified one is being turned into a track car by its new owner. 🫡
Something that Doug is now too rich to consider. Are you financing the car? Right now is a unique time where buying new is much more attractive than used. The interest rates are much lower, especially with manufacturers like Mazda offering 0% interest for the first 4 years.
Nah. The problem with low rate deals is that they're almost always only offered on slower selling, less fun models. If you look at the Mazda deals right now the best they'll offer you is 4.9% on a MX-5 Miata. Financing is expensive now and you're only going to be finding low rates on models that the manufacturers can't move without incentives. Toyota had plenty of 0% APR deals when I was looking to buy my GR Corolla last year, but they wanted to offer me 9% APR (I have a 800 credit score and had 30% down payment, so it wasn't a case of bad credit). Financed through a third party at 5.7% instead.
I went back and forth with buying a fun car to drive. I finally decided I didn't want to chase problems with the older cars that I wanted. I ended up buying a 2023 GR Supra. It spoke to me on multiple levels and especially since I always loved cars made from cooperative efforts from two different manufacturers. resale value basically sits around what I paid for it so I think I made the right choice.
About 7 years ago I almost fell prey to the salacious idea of buying a pre-owned Jaguar XK convertible. After all, the cost of acquisition seemed so reasonable….but then my suspicions kicked in about cost of maintenance. After calling a local reputable car mechanic, he said….IF YOU BUT THUS TYPE OF CAR, JUST BE PREPARED TO HAVE YOUR CREDIT CARD READILY AVAILABLE FOR UNTOLD REPAIRS. It was at that point, after finishing my call, that I experienced blissful amnesia about ever buying that type of car.
For a sports car, I like older, but want the newer suspension, tire and brake technology. To me handling in a sports car is most important, and new cars have so much power you can't use it on the street.
I’ve had 2 new cars and 5 used. The car I kept the longest was a CPO Audi that was 2 years old when I bought it, a factory lease return. I kept that car for 14 years. Had very few issues. My next car is going to be a CPO as well, 1-2 years old.
I am looking at a MK8 GTI. A little nervous regarding reliability. It is so much nicer than anything else at that price point that I don't think I will want anything else. Glad to hear that your Audi has been reliable.
Another thing that doesn't get mentioned enough is don't buy a car you can't afford. I have always paid cash for the cars I wanted, even though sometimes it meant a sub 10k Toyota. And always leave a few extra thousands for eventualities when the car does break down. I have seen too many sad stories.
Mazda offers 6yrs or 200.000km warranties in my country. Buying an mx5 was my dream since 2017. I got a new one last year(2024) since i like the ideea of not caring about more than regular maintenance since i also have small kids and don't want to deal with car mechanics for a while.
A very large variable, whether you have a good relationship with, and access to, a trustworthy mechanic. I am comfortable with my few aged cars because I know that I will get a fair appraisal and price for the things that come up. In the past, when I moved for work or whatnot, I didn't know a good mechanic and I was so grateful to have a Toyota econobox to rely on and not low production German dailies.
Another thing to consider is you might hit the “jackpot” and buy an older car that skyrockets in value for whatever reason (rare but happens). Also depreciation on a newer car is guaranteed, repairs on older cars are likely but not set in stone.
As a car enthusiast that's also a diesel mechanic with plenty of tools, I'll stock with my older cars. You know, the ones that rely on you to be aware, know how to drive, relatively easy to fix and parts aren't so expensive. 😎
Another reason is because these certified pre-owned cars have been real world tested for many thousands of miles - not just the cursory few miles that the new cars roll into consumers hands with - and the original manufacturers have decided that only these specific cars meet the criteria for CPO. They don't CPO every car. I do the same thing. I rarely buy new cars. My current 3 cars 2016 AMG GtS, 2021 BMW 840 Gran Coupe, and 2019 Range Rover Velar HSE were all purchased CPO.
My newest car is 6 years old (2019 6MT Sentra Nismo for a daily)...my fastest is almost 10 years old (2016 GT-R...moderately modified, 800WHP). I can probably count on one hand how many NEW cars I actually like.
I think Old care are safer but another consideration would be the features. I am personally a bug tech guy so I enjoy having alot of tech and features in my car so for me I am probly going buy new if not slightly use cars just on the fact that old cars don't have tech in them. If there's a feature on the new car that you must have and that the old models just dont have, I would save the hassle and just get the new one. I buy my cars almost always in cash and I dont really ever plan to sell it so Im not too worried about depreciation or resale value.
The feeling when he says "something disastrous like an old range rover" and shows a picture of MY car. lol
Worst car ever
not permissible to worship anyone other than It is not Allah, the Exalted
@@لا-معبود--حق--إلا-اللهyou believe that the Quran is uncreated. But the Quran is not Allah. So you have 2 uncreated beings, separate from each other, and it is said that in heaven the Quran will speak to Allah. So is it Allah speaking to Allah? I don’t think so. Your religion is polytheistic and you should return to the original and worship HaShem.
@@لا-معبود--حق--إلا-الله Huh?
Islam is false, Jesus is king
The bandage on the side of Dougs head, was from him getting into a fight for calling the LFA disappointing in his last video.
With a 41 year old Asian pediatric dentist. Their target audience
No it must be Jeremy Clarkson who punched him
The great thing about old cars is that all of their faults are now well known and you can make an informed risk choice or budget for mitigation - ie; IMS bearings on Porsches, etc.
exactly
Good point
Excellent point, bore scoring on 911 engines (which the web will have you believe never happens), but I had to spend tens of thousands of dollars fixing 😂
Exactly why I own a 986 S and a E36 M3.
“My rod bearing issue is fixed”
-E92 M3
Doug, I think there’s another critical factor to consider….the usage model for the car, is this car going to your daily or frequently driven car, or more of a car that you enjoy on weekends for a fun drive. I am much more open to buying an older, well cared for car if I will only put a couple thousand miles on it each year. I personally wouldn’t want to daily a 20 year old performance car. Bill
Yeah. Don't be like me. Bought a 2004 Audi A4 B6 wagon 6 speed and it has been everything but easy. But I am pushing thru. God help me and my wallet. 😂
Depends on the car bill. I've put 20k miles on my 2002 M3 and it's been fault free. It's because I bought a good one!
@@howardjennings1166 Howard, we have similar taste in cars. I have a 2005 M3, but don’t daily it. Great that you bought a good one. Me too, but I think the odds are better driving a newer car than to daily an old performance car, even if one that’s well sorted. That’s all I am saying. Bill
@@void308Those are wonderful to drive, very peppy. I used to own one as a DD but ultimately gave it up due to reliability issues.
@billscheer5202
Good Point. And a weekend car doesn't ruin your life when it is down and in the shop for two weeks.
Kennan is the type of guy who keeps a photo of Doug in his wallet.
😂
Your the type of guy who comments about a guy who is not in the video
Kennan is like Agent Stone and Doug is like Dr. Robotnik 😂
@@ericlalicker8636
The Smithers to Doug's Burns.
Curveball.... Kennan calls his e39 m5 doug
“People that say ‘could of’ are idiots”. Love it!
And they could care less! 🫠
Your a very uneducated guy. 😛
He's not wrong
@@truthserum5310 "Your"?
"Prolly" bothers me just as much, if not more.
The concept that you are buying the seller and not the car is a piece of advice that I have never heard before in 25 years of car ownership, and is absolutely on point from my experience.
noted and saved
Like buying a car from a lady driver who has only driven her car to and from the office versus a stupid car enthusiast who has put all retarded mods and raced the car every week before selling it off to you.
Doug the type of guy to quiz his wife on 2009 car prices
Hilarious
Oh! Fantastic joke my lad!
Or the type of guy to answer a question in regards to his wife's support for his love of cars with: "Well, we have two homes ... So...?"
This breakdown was way more objectively financial advice than the kinds of things I was thinking you were going to talk about.
For a sports car/performance car, newer will be much faster, but the experience will be more numbed. I prefer the slower and more analog experience. My sports car is a 1990 Rx7 and its dog slow, but it is so much more engaging than nearly anything sold today and you can’t make me stop smiling when I’m driving it. If I had the money, I’d probably get like a C7 Corvette, which I still consider a “newer” car but doing a comparable cost with the older Rx7, it’d be more likely compared to a Miata or GR86/BRZ
I'm jealous! I love all the RX7's.
"the experience will be numbed" is the single best way to have stated this truth. Just bought a 2010 STi back in June 2024 to build and daily-drive primarily because I wanted something raw, yet somewhat modern. One of the best decisions I've ever made.
90’s are a sweet spot for me. Relatively analog and engaging but still modern enough to be reliable (if it’s a good one and maintained well). I have a 1999 Boxster which is fun, practical, and can be purchased in nice shape for less than an early Miata in equal condition (I love Miata’s and have owned two NAs, that wasn’t a put down).
Funny thing is that I bought a 1967 MGB back in 1989, so equivalent to buying a 2002 Miata today. the MG was a decrepit antique in comparison.
Who remembers when Doug was the type of guy who treated a headache with a Band-Aid?
@@Affalterbach1967 I know, no explanation of the 🩹
Holy hell I involuntarily laughed out loud at this 😂
I was surprised that Doug did not talk about experience of driving more. And the use you plan for the car - daily, dinner out with the significant other, Sunday drives, HPDE, Autocross, Time Trials,
Also where you will drive it. I commute in Seattle and breakdowns are an unhappy day. Some do it but my tolerance isn’t that high. If it is my second or third car the considerations are different
Doug is the type of gentlemen who opens the passenger door for Kennan.
You should always be courteous to the ladies.
not permissible to worship anyone other than It is not Allah, the Exalted
@@لا-معبود--حق--إلا-الله Be quiet holy I’ve seen this comment multiple times already talk about cars or something
Kennan expects Doug to open the door 😮
Kennan will still complain
I bought a Porsche 997.2 five years ago with 60000 miles and I've only had to do the normal scheduled maintenance. The car is now worth more than I paid.
@@Intergalactic_media how many miles have you put on it?
Same. A 2010 997.
Stonks
Yeah, but to make money you need to spend, what, 80K at least? Most normal people can't do that. And the ones that can, well, aren't normal lol
911 owners just wipe the car with tampons and talk about how the price went up while barely driving them..
I think these kind of videos are what we always wanted and needed from Doug ..... GOOD JOB DOUG
needed?
Great Video . . . I will say modern equals heavy. But they generally have more horsepower. In my collection I have a 1999 Porsche Carrera 4, 1999 Lotus Esprit V8, 1999 Dodge Viper RT/10 and a 1999 Ferrari 360 Modena. I love driving them as well as the newer ones, I will say I feel more connected to the road in the older cars. And all that is caveated by the fact that I am 57 years old, so you could say I am an older model!
What issues (if any) have you had with your Lotus and 360?
@@nucleargrizzly1776 The 360 I had the mirror switch go bad, would not press and select the left mirror. I recently had to replace the ride height detection switch that sort of tells the computer how to manage the active suspension. Other than that, not much . . .belts and clutch have been done in the past few years.
@@nucleargrizzly1776 The lotus has thus far been pretty reliable. I had to replace one of the window switches and fuel pump.
@@chrisbrownstead-p4h Any issue getting parts?
@@nucleargrizzly1776 You know, knock on wood, not a lot of bespoke parts i have had to replace. The clutch parts are all still available, if the trans goes, i am in trouble. If the motor has major issues, I am in trouble. But since Lotus was such a small outfit, many of their parts are taken from other manufacturers from Japanese to GM, GM owned them at the time so these cars are cobbled together from whatever they could get. The owner community is great as far as support. But you do have to be willing to roll the dice when you go out and get into it. Mine is bone stock, no increased boost, just stock. i think it is well within the limits of the car to handle 350hp.
Always seems to be more economical to fix what you have or to buy older. But sometimes in life, you just need something new and pretty and clean. I’m speaking of a car by the way.
Speaking of cars.... old, used and with blemishes here and there on their bodies.... like the old saying goes... 'It's cheaper to keep her"
@@IAmSpeaking4MySelfright on
Lol😂
Of course you were 😏
I bought a 986 Boxster one year ago. Basically everything Doug described here was what I did. I love rowing through those gears knowing I paid almost nothing.
Other thing about those CPOs is that they tend to come with an extended and extendable warranty. You can get a 1-5 year old mercedes with whatever is left on the original warranty, then the 1 year unlimited CPO warranty takes over, then you can extend that to a 2 or 3 (I forget) year limited warranty that handles most of the truly expensive stuff and be good to go for years even if something does happen to it
2:56 I purchased an S2000 off of cars and bids in May of 23’ and it had this exact issue of working for maybe a month before the engine blew and I was out just about the entire value of the car. Such a heart break but such is the world of used cars, especially fun ones.
Wow, that sucks! I would love to own an S2000 one day, and if it happened to me, I'd be heartbroken.
Sorry to hear that! No matter how nice the photos are, a used car is never a promise. Learned that when I bought my first car a decade ago and 10 minutes into the drive home the engine gave out. I spent more on the tow home than on the car that day lol
Did you ship the S200 or drive it home when you won the bid?
Crazy. S2000 is one of the more reliable cars too. But every car isn’t 100% bulletproof. Sorry for that
@@mateogarcia4500 I looked at the history of s2ks sold at that time I'm guessing you had an ap1 . The early cars had retainer issues when over revved , timing chain tensioner issues , and generally needed to be checked for oil consumption frequently . Normally most buyers are aware of these issues and are prevented , curious as to what happened specifically to yours if you don't mind elaborating
I rented a new 911 for several days. I was surprised to find that my 2012 Panamera GTS had better road feel. And, my 2008 Boxster S, which is much slower, was frankly much more fun to drive. The stick helps.
@@plasmaBrain Panamera turbo and cayman S here as well. Love them both, very different.
Typing is difficult, apparently. It is a 2013 Panamera GTS.
@@plasmaBrainthanks, I couldn't sleep guessing the exact year
I am not the least bit surprised, though I am disappointed...in Porsche.
@@comeberza Yeah, I know. Glad I could be there for you.
I did both. Bought a Jaguar XF new, watched it depreciate to almost nothing over 11 years (but forgave it every time I drove it) and then traded it in for a lowish miles 6 year old XJ 351 with the very rare SC V6. Bought it from a second hand car dealer (!) but it has turned out well. Will have to check those coolant pipes under the supercharger soon though.
Doug, hope you see this comment. This new content you are putting out is excellent, the comparisons and review-type videos especially. I think you are really onto something here. Thanks a ton for all the extra work! You are becoming a true teacher in the area of cars its very helpful to big car guy like myself.
Doug is the type of guy to spend at least a million on his Carerra GT, but is thrilled to save a few grand on his Benz
6:50-9:40 - PERFECT advice for buying an older performance/exotic. A very decent quality '09 Manual V8 R8 in England costs around £40K and has totally bottomed out on depreciation. I did my research and found all the common issues that could reasonably be investigated and for the ones that can't, I trusted the seller on his word. The private seller was highly educated, so genuine and honest about it's flaws, car itself was meticulously cleaned and maintained and was proud of his Full Audi Service History. Two years of ownership and not a single major issue. A far cry from my Nissan 350Z ownership experience from (in hindsight) a shady dealership but that's another story. I truly bought the seller, not the car.
how was your experience with buying that 350Z im curious?
@@nyquilhelps4212 First of all, they were singing it's praises but more about 350Zs in general but not going into much detail about this specific car. I did a bit of research on 350Zs (nowhere near enough now looking back) so when I asked about certain common issues, just like politicians, they expertly wormed their way around giving a direct answer. There weren't too many specifics that I could pinpoint per se, but more the that bad gut feeling I got. This was my first ever car purchase and I did it on my own, so I put that uneasy feeling down to nerves of being outside my comfort zone, so I ignored it.
Bought it and enjoyed it for 2 months, then it went into, and stayed in limp mode. The dealership dragged their feet for a month (UK has laws for a mandatory 3 month warranty) then washed their hands of it. My local mechanic quoted me for the repairs to be £2.5K on a car I paid £4K for. He didn't even recommended me, he TOLD me to decline repairs as the whole chassis was rusted through and could literally fall apart at any moment and kill me. Ended up selling the car for parts for £1K.
@@nyquilhelps4212 First of all, they were singing it's praises but more about 350Zs in general but not going into much detail about this specific car. I did a bit of research on 350Zs (nowhere near enough now looking back) so when I asked about certain common issues, they expertly wormed their way around giving a direct answer. There weren't too many specifics that I could pinpoint per se, but more the that bad gut feeling I got. This was my first ever car purchase and I did it on my own, so I put that uneasy feeling down to nerves of being outside my comfort zone, so I ignored it.
Bought it and enjoyed it for 2 months, then it went into, and stayed in limp mode. The dealership dragged their feet for a month (UK has laws for a mandatory 3 month warranty) then washed their hands of it. My local mechanic quoted me for the repairs to be £2.5K on a car I paid £4K for. He didn't even recommended me, he TOLD me to decline repairs as the whole chassis was rusted through and could literally fall apart at any moment and kill me. Ended up selling the car for parts for £1K.
@@nyquilhelps4212 First of all, they were singing it's praises but more about 350Zs in general but not going into detail about this specific car. When I asked about common issues, they expertly wormed their way around giving me a direct answer. There weren't too many specifics that I could pinpoint per se, but more that bad gut feeling I got. This was my first ever car purchase and I did it on my own, so I put that uneasy feeling down to nerves of being outside my comfort zone, so I ignored it.
Bought it and enjoyed it for 2 months, then it went into, and stayed in limp mode. The dealership dragged their feet for a month (UK has laws for a mandatory 3 months warranty) then washed their hands of it. My local mechanic quoted me for the repairs to be £2.5k on a car I paid £4k for. He didn't even recommend me, he TOLD me to decline repairs as the whole chassis was rusted through and it could literally fall apart whilst driving. Ended up selling the car for parts for £1k.
@nyquilhelps4212 - First of all, they were singing it's praises but more about 350Zs in general but not going into much detail about this specific car. I did a bit of research on 350Zs (nowhere near enough now looking back) so when I asked about certain common issues, they expertly wormed their way around giving a direct answer. There weren't too many specifics that I could pinpoint per se, but more the that bad gut feeling I got. This was my first ever car purchase and I did it on my own, so I put that uneasy feeling down to nerves of being outside my comfort zone, so I ignored it.
Bought it and enjoyed it for 2 months, then it went into, and stayed in limp mode. The dealership dragged their feet for a month (UK has laws for a mandatory 3 month warranty) then washed their hands of it. My local mechanic quoted me for the repairs to be £2.5K on a car I paid £4K for. He didn't even recommended me, he TOLD me to decline repairs as the whole chassis was rusted through and could literally fall apart at any moment whilst driving. Ended up selling the car for parts for £1K.
An important caveat to maintenance and repairs is how comfortable you are doing them yourself. I just bought a 986S and there is nothing I don't think I'd attempt to do on it. So I get a Porsche driving experience (it really is as good as they say) for a fraction of the cost and the fun of owning a classic car keeping it working amd nice on my own.
I am the original owner of a 1999 986 Boxster and just got a 2023 718 Spyder. Love them both. For the money, the Boxster is an amazing car to this day. Puts a smile on my face when in either one.
Yup! Same here, only the 911/996 version. Bought with low end "motorcycle money" pre-covid, it has easily doubled in value. So much fun to drive. Surprises my every time. Stupid reliable, too. Pretty much on par with my "better than a Toyota" Jeep XJ 4.0 Inline 6. I own both. Not many people can say that 2 of their cars are appreciating in value.
Doug rockin that early 2000’s Nelly Bandaid
Doug ft. Kelly Rowland "Dilemma (of enthusiast cars)"
8:14 totally agree that's great advice 🤙
I had a Lancia Delta Integrale that was mostly trouble free for 17,000 miles then much later got a 2016 Lexus RCF, so I have had both ends of the spectrum. Eventually I decided my fun car needed to reliably travel 3 hours on the interstate with no problems
Cool!
I agree with Doug on your buying the seller. My worst car transactions have been when I've overlooked the flaws or seller "red flags" because I was in love with the car I wanted to buy.
Great video Doug! Bought my NC Miata 3 years ago, I've put more than 30k miles on it since then - Almost at 150k miles now!
My 90s sports car suits me well. I’ve always liked fiddling with and repairing old things. And I bought a nicely kept one, so I didn’t have to do much quickly- I can handle things as they come along, and they do come along. I also bought it right after it hit the bottom of its depreciation curve, and it’s already worth a little bit more than what I bought it for.
Old. The end. They’re more about connecting the driver to the machine and to the road. And you can feel comfortable wringing them out without bankrupting yourself. Plus, I can’t afford new, so that too lol.
My '69 Z28 and '73 911 have been been very reliable and relatively inexpensive to repair (I can do everything myself). Both have appreciated in value. Both are slower yet more fun on a twisty road than any new car I've driven.
I got a 2016 BMW M235i on cars and bids to replace my problem plagued E46 (which I bought to replace my even worse E36). I miss the steering of the E46 but the power, comfort, and relative reliability of the M235i has been great. I still have physical buttons and Bluetooth with no silly modern features that get in the way.
Great advice, but it’s advice from a major stakeholder of a secondary market shop. Keep that in mind.
I’ve never heard anybody call out “could of” it’s one of my biggest pet peeves, points to Doug
This reminds me of “it’s worth more then that.”
Kills me.
Good advice. I bought an 07 GT500 and do my own maintenance so it wasnt too bad. Except it needed a clutch so that was a pain but still cheaper than a new one.
Doug has grown immensely in the scope of his wisdom. Researching models has never been easier with forums sharing the experiences of owners which provides a source to develop a strategy for better ownership. Avoiding the common issues and enhancing reliability become incorporated into that strategy. Like Doug said, sometimes we just want the mechanical feel of hydraulic rack and pinion steering or a manual transmission.
Pro Tip: Run away from any seller who says, "well, it didn't bother me none" when a maintenance need is pointed out.
"I've never really had any major issues I can think of with really any of my daily driver cars."
I certainly didn't get TH-cam-famous making a whole long video series entirely about all the major issues I had with my daily driver car.
I'd rather own a 35 year old car that's been well-maintained than a 5 year old car that's just been driven and maybe had its oil changed a couple times. I don't know why so many people are terrified of doing maintenance, it's not rocket science. Doesn't matter if it's a 2024 model or a 1985 model, EVERY car needs maintenance.
I rolled the dice on a 2000 996 911 with manual. Its been perfect! +20k miles on it now
If your budget is less than $60k, wait until what you want pops up on Carmax and get the extended warranty. Easily one of the most comprehensive warranty plans you can get. I’ve already had over $10k worth of repairs done to my sports car, all at zero cost to myself thanks to Carmax’s warranty (which I learned about thanks to Doug’s own advice regarding his Land Rover)
I’m very surprised you didn’t focus on a big factor: SAFETY. I’d love to get a MKIV or RX7 as a project, but 90s safety features are not as good as recent ones. And this is even more true for older cars. Air bag technology, chassis construction and much more are huge factors too.
For many of us at an age and income level to buy these fun enthusiasts cars, safety is a big factor, up there with everything else. Cheers.
Just bought a clean stock srt4.....beating so many modern sports cars on the interstates......3 and 4 gear are crazy in this car!
I bought a 2003 E55 AMG in ‘21 and the last four years have been trouble free. Seriously, just oil changes and new tires/alignment. Older cars have had the time to prove themselves as reliable or not. Plus older cars are usually way cooler 😎 trying to get into a 1999 C43 for my next daily driver!
I drive a 2005 Town Car that I bought for $1700 5 years ago. Put a total of around $1k into it and got 50k miles in return. A monthly payment for a similar new car is at least $800/mo. Investments have been running around 12% annualized. Unless you hate money, there's not much to discuss there.
This is about cars that are enjoyable to drive....
I'm at de club, straight up douggin' it, and my it, let's just say my muro
Also depends on what your setup is now or what you want your future setup to be. If I could only own one vehicle, I’d get a newer one.
Beard is a good look for Doug!
I live in the UK and wanted to buy my wife a car for her 50th a few years ago and settled on an SLK because she said she loved them. I'm not handy under the bonnet so decided to get a reasonably recent one, so settled on the R132 (2nd gen) version. I was looking at 350s, but found all the ones that were in my price range were poorly looked after and I read they suffer more issues, so I settled on a 2007 200 Edition 10 special edition being sold by a young lady who lived nearby. It turns out it had all the performance my wife would need, but we still found it has cost some money to maintain (new control arms, tyres, getting MOT failure issue fixed) and most of the work we've had done was probably because the previous owner found she could no longer afford the maintenance, but we get a lot of enjoyment from it and it's been reasonably reliable overall. I'm glad I didn't go for a 986 Boxter of the same age and cost that I wanted for myself as maintenance for those is typically more than even on the SLK.
Really great video, I'll probably show this to some friends and maybe my parents, lol. I've been watching since I was 17 when I got my license and I've bought 4 cars since then. I've done pretty good in terms of reliability, the cars are dead solid, but my daily driver, the newest car, not the most recent car, is going to really hurt me on taxes and interest. In my province, New Brunswick, the sales tax is 15% on the dollar. Not to mention interest rates were sky high when I bought it (8.99% for 7Y). It's worth learning how to calculate interest over the length of your term and adding that to the budget. Obviously, this is a "young and dumb" mistake, but nothing I won't learn about and recover from. Also, the car is a 2017 Ford Fusion Sport. Truly underrated sport sedan if that's what you're after.
Great vid Doug
I’ve had my 11 year old BMW M235i for over 3 years now and have doubled the mileage and it’s been awesome!
Yes, very good points!
I also want to add that it depends very much on if you have a car brand and model that you REALLY love the looks of, and heard many good things about.
Then it is worth for you to take a mitigated risk chance (like Doug explained in this video) to own this particular make and model.
The trouble then becomes to find a specific car with the exact combination of model year (for example before or after facelift), colour, engine, transmission, interior (trim, extras, seats, cloth or leather) and included tech.
That can really narrow your selection down to zero if you chose a combination that few people chose when new.
I have experience from this, and eventually had to let the colour and interior choice go.
It was difficult and I somewhat regret it today, but if you wait too long, eventually the chance to find the perfect combination can pass you by because of circumstances you can’t control.
I love these videos, I alway watch them Sunday afternoon on my drive home from church
Not enough money to buy new and against taking a loan so for me an easy choice for the used one.
C6 Z06 here, with the heads addressed. Got a smokin deal on it, but was not looking for a Z because of the head issue. Love the analog everything in the C6. Test drove a C7, hated the gauges and the 7 speed.
I'm now on my 2nd Subaru Outback(2017). I bought it as a low mileage certified used car in 2020 at a Subaru dealer in N. Cal. It has been so far extremely reliable. I'm a senior and I like to buy vehicles that come with a warranty. I try to keep it in excellent condition. If I choose to sell it I wouldn't lose much value. This is my 2nd certified Subaru Outback(2014) that I've purchased. The first one was a 2014 almost exactly like the second one. I sold it just before the warranty ran out. It was also extremely reliable.and It held it's value extremely well. I didn't lose any money when I sold it.......
Low tech, high performance please. (993 Turbo!)
For the prices they cost now? Absolutely not. Maybe when they were 80k
EXCELLENT advice Doug!
Owned many GT3RS since 2007 as hobby cars and have been depreciation free since 2007. My daily is a 1999 Sclass.
3:17 and I took that personally…
twas personal indeed
Great Video!! Gave me a lot to think about for getting my first car! At the end of the day I have to get into something I understand. Thank you Doug!!
I’m not sure the GT4rs and Lambo Sterrato are going to depreciate, but I agree with Big Doug
When production ends, they’ll start appreciating
Yes, I totally agree with you!
To me, modern cars are nice, and while sure, you no longer get an I6 engine in a standard 3 Series for example, in most cases, you are only driving in traffic, you wouldn't hear the roar of the I6 at high revs 99% of the time so they are fine :)
But if you're buying a car to have fun, THAT is when you look at older cars, because most new cars, aren't really that fun anymore, the 911 is a massive GT now, no longer a spotrs car, etc. That is when this comparison of "old vs new" makes the most sense to me 🤔
Was discussing this topic of new vs used and risk tolerance/cost of ownership and repairs with my dad yesterday, while showing him what awesome he could get on C&B vs him telling me what he was planning to get from a local dealership new
Best bang for buck is Vettes, its wild to see the C7 Z06s still going for 80k+ when their MSRP is 84k or so, up until recent years I never realized Vettes were that reliable, previously lumped them in with the Hellcats and other American muscle cars. However, they are in a different league when it comes to handling.
My answer to this question after spending a ton of money repairing track cars that I bought used was to just buy the new car with a warranty I could track.
My advice, unless you can work on these cars yourself or are a high earner that is not worried about saving tons is to buy the newer car
Ive had a 2011 ML350 4matic for about 8 years now and its been fantastic. Would highly recommend these vehicles, got it at 70k miles and am about to cross 200k!
5:50
That’s what I did I got a 2 year old car that still had factory warranty and it’s depreciation at the lowest already. Didn’t have to pay for service just wear and tear items.
I just bought a '06 Mini cooper s with a 6 speed manual, and i couldn't be happier😊
For now
@@maudlewis8536 thats not a very nice thing to say is it
@all-caps3927 at least a late R53 should have some of the Achilles heels sorted. My mini was a first year R56. It was rough
@@maudlewis8536 yes the key here is the word "just"....check back with us in a couple months
I've owned two R53s, they're not much less reliable than anything else of that vintage. They're 19-23 year old BMWs at this point and I've still never been left stranded by an R53. I've been driving Minis for years. The R56 sprung an oil leak twice in the first 50k miles, and that car is a 2013.
The '05 R53 needed an alternator after 85k miles. A crank pulley at 150k miles for the '06 R53. I was able to limp it back after those 2 failures without paying for a tow. They're not Toyotas but they haven't been money pits either. I modified and drove the heck out of the '06 after buying it in junk condition for $1500.
Both Minis are still on the road, one being my daily. The modified one is being turned into a track car by its new owner. 🫡
Something that Doug is now too rich to consider. Are you financing the car? Right now is a unique time where buying new is much more attractive than used. The interest rates are much lower, especially with manufacturers like Mazda offering 0% interest for the first 4 years.
Nah. The problem with low rate deals is that they're almost always only offered on slower selling, less fun models. If you look at the Mazda deals right now the best they'll offer you is 4.9% on a MX-5 Miata. Financing is expensive now and you're only going to be finding low rates on models that the manufacturers can't move without incentives.
Toyota had plenty of 0% APR deals when I was looking to buy my GR Corolla last year, but they wanted to offer me 9% APR (I have a 800 credit score and had 30% down payment, so it wasn't a case of bad credit). Financed through a third party at 5.7% instead.
I went back and forth with buying a fun car to drive. I finally decided I didn't want to chase problems with the older cars that I wanted. I ended up buying a 2023 GR Supra. It spoke to me on multiple levels and especially since I always loved cars made from cooperative efforts from two different manufacturers. resale value basically sits around what I paid for it so I think I made the right choice.
Ty for calling out "could of" it really hurts my feelings.
Their idiots
I think the sweet spot for cars is the early to mid to maybe late 2010s. Not too many screens, still has physical buttons, etc
2022 - 2025 GT4RS is just such a car
Agreed
@@Nord_Mann you won't be able to buy one
About 7 years ago I almost fell prey to the salacious idea of buying a pre-owned Jaguar XK convertible. After all, the cost of acquisition seemed so reasonable….but then my suspicions kicked in about cost of maintenance. After calling a local reputable car mechanic, he said….IF YOU BUT THUS TYPE OF CAR, JUST BE PREPARED TO HAVE YOUR CREDIT CARD READILY AVAILABLE FOR UNTOLD REPAIRS. It was at that point, after finishing my call, that I experienced blissful amnesia about ever buying that type of car.
Having a mechanic that you trust in your area to do repairs on your particular vehicle type can also be a factor.
Kennan the type of guy to complain about Doug’s car takes and then say “he’s right behind me, isn’t he?”
I could actually see that happening!
😂😂😂😂😂
For a sports car, I like older, but want the newer suspension, tire and brake technology. To me handling in a sports car is most important, and new cars have so much power you can't use it on the street.
I had a 2001 a4 1.8t avant for 4 years. Bought and sold for same price, no real maintenance issues
GREAT informative video Doug .
Appreciate you!
I’ve had 2 new cars and 5 used. The car I kept the longest was a CPO Audi that was 2 years old when I bought it, a factory lease return. I kept that car for 14 years. Had very few issues. My next car is going to be a CPO as well, 1-2 years old.
I am looking at a MK8 GTI. A little nervous regarding reliability. It is so much nicer than anything else at that price point that I don't think I will want anything else. Glad to hear that your Audi has been reliable.
Another thing that doesn't get mentioned enough is don't buy a car you can't afford. I have always paid cash for the cars I wanted, even though sometimes it meant a sub 10k Toyota. And always leave a few extra thousands for eventualities when the car does break down. I have seen too many sad stories.
Mazda offers 6yrs or 200.000km warranties in my country.
Buying an mx5 was my dream since 2017. I got a new one last year(2024) since i like the ideea of not caring about more than regular maintenance since i also have small kids and don't want to deal with car mechanics for a while.
Thanks for making a video on this, Doug!
A very large variable, whether you have a good relationship with, and access to, a trustworthy mechanic. I am comfortable with my few aged cars because I know that I will get a fair appraisal and price for the things that come up. In the past, when I moved for work or whatnot, I didn't know a good mechanic and I was so grateful to have a Toyota econobox to rely on and not low production German dailies.
The perfect sports car for me, 2013 Lotus Elise Club Racer, with 1.6L Toyota Corolla 1ZR engine 😊
Excellent and Outstanding Insights!!!
I have never know good grammar was a key factor 😬😬 Doug you just save my life
Another thing to consider is you might hit the “jackpot” and buy an older car that skyrockets in value for whatever reason (rare but happens). Also depreciation on a newer car is guaranteed, repairs on older cars are likely but not set in stone.
As a car enthusiast that's also a diesel mechanic with plenty of tools, I'll stock with my older cars. You know, the ones that rely on you to be aware, know how to drive, relatively easy to fix and parts aren't so expensive. 😎
Another reason is because these certified pre-owned cars have been real world tested for many thousands of miles - not just the cursory few miles that the new cars roll into consumers hands with - and the original manufacturers have decided that only these specific cars meet the criteria for CPO. They don't CPO every car. I do the same thing. I rarely buy new cars. My current 3 cars 2016 AMG GtS, 2021 BMW 840 Gran Coupe, and 2019 Range Rover Velar HSE were all purchased CPO.
10:54 CORRECTION: You could *of* bought a Lamborghini Huracan Sterrato. *Your* welcome!
The fact that you say "2021 used car" followed by "new" is soo crazy to believe now that 2021 was 4 years ago.
My newest car is 6 years old (2019 6MT Sentra Nismo for a daily)...my fastest is almost 10 years old (2016 GT-R...moderately modified, 800WHP). I can probably count on one hand how many NEW cars I actually like.
Always buy new.
Looks better, smells better, and pulls more kitty.
I want to see a video on semi regular cars you can buy new that will not loose much money or gain value in the future.
So what Doug’s saying is we should go for the hoovie specials, right?
I think Old care are safer but another consideration would be the features. I am personally a bug tech guy so I enjoy having alot of tech and features in my car so for me I am probly going buy new if not slightly use cars just on the fact that old cars don't have tech in them. If there's a feature on the new car that you must have and that the old models just dont have, I would save the hassle and just get the new one. I buy my cars almost always in cash and I dont really ever plan to sell it so Im not too worried about depreciation or resale value.