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Personal Finance (Not Investing) • Car Purchase Advice - College Kid

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Hi Bogleheads,

Our oldest starts college next year, she has been driving my car when I'm not needing it, want to get a car for her to bring with her.

We could easily afford to buy her a new car, but I really prefer to get her a user vehicle, she probably won't drive more than 3k miles per year.

What I'm looking for:

- 3-5 years old, 60-80k miles
- 15-20k cost
- Small SUV/CUV, would consider larger sedan like Avalon too
- Good visibility

Nice to haves:
- Active safety features, in particular blind spot lane change sensors

I considered: Toyota RAV4, Avalon, CRV, Mazda CX-5, Nissan Rogue. Used Rav4s and CRV seem too expensive vs new, rogue feels like a good value but the CX-5 feels like a much better car for not much more and I like that CX-5 has simple drivetrain with no CVT or turbo.

Leaning towards CX-5 and I find many of these at Carmax and local dealers for 15-20k, Carvana a bit cheaper.

Wanted to get community thoughts on:

- Carmax warranty vs other options? Where to buy used for best warranty options: I don't have experience with car warranties as I've always bought used and rolled the dice without warranty, but for kid I don't want her to have to worry about the car if any issues come up and I won't be near by.
- Buying through Carvana seems cheapest but than I would need 3rd party warranty as I don't trust buying a warranty through Carvana, not sure how long they will be around.
- I'm paranoid about getting a car that had flood damage covered up from the recent hurricane as I live in South East
- Any other car options others could suggest?

Thank you for reading

Statistics: Posted by hoofaman — Wed Dec 04, 2024 7:27 am — Replies 6 — Views 244



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