Buying a higher mileage X Type
#1
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Hi,
I've been looking at X Types for a while and seeing that 3.0L manuals are hard to find. Found a dealer with a great example in good colour (pacific blue) but downside is that it has 135k miles.
Should I be wary and wait for something with lower miles (was hoping for ~100k)? Looking to keep it for approx 2 years/20k miles, will it be hard to sell on with 155k miles?
Thanks!
I've been looking at X Types for a while and seeing that 3.0L manuals are hard to find. Found a dealer with a great example in good colour (pacific blue) but downside is that it has 135k miles.
Should I be wary and wait for something with lower miles (was hoping for ~100k)? Looking to keep it for approx 2 years/20k miles, will it be hard to sell on with 155k miles?
Thanks!
#4
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Well - mileage definitely is a re-sale factor (as with any car) and the thing that will separate it out from the herd is how well kept up it is and yes, the manuals are rare so your off to a good start. Having great maintenance records and regular fluid changes are crucial. You want a good history of your car. Next is followed by appearance. Keeping the exterior and interior in good shape is a huge plus...and keeping the small things working including all accessories helps keep the value up.
I have seen many nice X-types with that kind of mileage going between $2500 and $3100 all day - but those are ones in what I would call good to excellent shape and all those have the service records to back it all up.
Have a mechanic check it out and ask for a Car Fax!!!!!! Good luck ;-)
peace out,
daddylogan
I have seen many nice X-types with that kind of mileage going between $2500 and $3100 all day - but those are ones in what I would call good to excellent shape and all those have the service records to back it all up.
Have a mechanic check it out and ask for a Car Fax!!!!!! Good luck ;-)
peace out,
daddylogan
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Gold (06-15-2017)
#6
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What's the asking price? I wouldn't be concerned about resale value two years from now. If that's really important to you then I'd say buy a Honda, Toyota, Kia or Hyundai. I've owned 30+ cars in my lifetime, with none considered as an investment. If this X Type is in good shape, you like it and the price is right then give 'er a go.
Last edited by swingwing; 06-14-2017 at 07:06 PM. Reason: Added sentence.
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Gold (06-15-2017)
#8
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What's the asking price? I wouldn't be concerned about resale value two years from now. If that's really important to you then I'd say buy a Honda, Toyota, Kia or Hyundai. I've owned 30+ cars in my lifetime, with none considered as an investment. If this X Type is in good shape, you like it and the price is right then give 'er a go.
$4.9k with 135k miles from dealer. Pacific Blue 3.0L manual.
Innzane - that's good to know it's not too crazy a price.
#9
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peace out,
daddylogan
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Gold (06-15-2017)
#11
#12
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You have to keep in mind that at best this is at least a 12 year old car, as the last year for the manuals was 2005 and 12K miles a year is about average, so depending on the year of the car you are looking at the miles are pretty favorable. 3.0 manuals are harder enough to find, so finding one with less than 100K might be next to impossible.
Resale value? In a couple years it probably isn't going to go down that much as these cars are very cheap to begin with. Most of the depreciation happened a long time ago. If the car is in good shape in two years even with 155K you won't "lose" much. Even if it depreciates $500 a year, that is nothing for being able to drive it a year. Newer cars depreciate more than your purchase price in one year. Plus, what other used car can you buy in that price range that will also not depreciate somewhat?
Subjectively speaking based on the posts through the years on here it seems like the manuals were a bit more trouble free than the automatics, but it is more based on the specific car and how it was taken care of (or not) over its life. I sold mine with 165K and it was still running great, but needed some suspension work and other maintenance and instead of making that investment I just traded it in. Had I kept it I have no doubt it would have continued to be a reliable runner for several more years.
Good luck!
Resale value? In a couple years it probably isn't going to go down that much as these cars are very cheap to begin with. Most of the depreciation happened a long time ago. If the car is in good shape in two years even with 155K you won't "lose" much. Even if it depreciates $500 a year, that is nothing for being able to drive it a year. Newer cars depreciate more than your purchase price in one year. Plus, what other used car can you buy in that price range that will also not depreciate somewhat?
Subjectively speaking based on the posts through the years on here it seems like the manuals were a bit more trouble free than the automatics, but it is more based on the specific car and how it was taken care of (or not) over its life. I sold mine with 165K and it was still running great, but needed some suspension work and other maintenance and instead of making that investment I just traded it in. Had I kept it I have no doubt it would have continued to be a reliable runner for several more years.
Good luck!
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Gold (06-15-2017)
#13
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I really recommend a PPI. You need a good look at suspension parts. If you buy this car I'd change all fluids, filters and spark plugs.
#14