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My friend is selling her 1996 honda accord for $1500 dollars it has about 169,000 miles on it. The car seems to be in good condition, but she says it has alot of miles on it..and thats why she's selling it cheaap. Now i know hondas, and her car can run for another 3 years if treated properly. I can see her honda accord going way above 250,000. My question to you is if you think its a wise choice?? This is kinda like my first car. Just wanna know what you guys think. Thanks
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It sounds like it has been cared for, and if that is the case it is a fair deal. It is a perfect first-car. Think about it this way. If you think it will go another 70,000 miles, it will probably take at least 3 years for you to put that many miles on it (probably more). Assuming it will last 3 years, or 36 months, and you pay $1500, that is a car payment of under $42 a month. You will rarely run into a deal where you can have a car payment lower than $42/month. In addition, it will be cheap to insure with liability only.
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