This is a question I have dealt
with for nearly 15 years of my life as a car dealer, auto auctioneer,
and part-owner of an auto auction. My life revolves around trying to
"hit em' where they ain't" when it comes to used cars.
Over the years I've seen certain
distinct patterns as to which older used cars last, and which ones
become rolling money pits. To figure this all out in a statistical way, I
co-developed a long-term reliability study
that gathers data from the inspectors who rate used vehicles trade-ins
at dealerships and auto auctions around the country, and ranks models
for their long-term mechanical integrity.
First, owners can often look at
their vehicles
through rose-colored glasses. A car that shifts funny or
has upper engine noise may seem to be perfectly fine to a person who has
driven it every day for years on end. Independent professionals and
dealers who inspect thousands of vehicles are often easily able to see
the very things that these types of owners overlook.
Second, my partners and I wanted
to eliminate all forms of brand bias from the study. Owners tend to be
more forgiving of vehicles that come from an automaker that has
satisfied them in the past. Even if their car is now cheap and trouble
prone, their prior car they owned from the same manufacturer may have
been a high-quality masterpiece.
The goal of this study was to
provide honest and detailed information to the millions of people who
buy older used cars. At the moment we now have over 330,000 data samples
spread throughout the United States.
The findings?
The most important ingredient in
the recipe is still the prior owners. However, it turns out that some
cars that are unpopular, or discontinued, can last well beyond their
peers at a price thousands less than popular alternatives:
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