AshKetchem
New LVC Member
So I went car shopping at a Ford Dealership yesterday and originally planned to buy a Ford Fusion when the dealer showed me a 'deal of the month' item they had. Its was 2002 Lincoln LS 100% clean carfax (from the day it went off the lot its been logged). Maintenance, oil changes and all. No accidents, no exterior damage, no interior damage. 1-owner and everything is functioning perfectly
The car is at 76k miles and they were selling for $8975.. Thats a decent deal 9k for a 76k lincoln, but thne I considered the fact that as a luxary car the repairs and such could get expensive. Being a college student the last thing I want to worry about for my first car is having to go pay $1000 to get some problem fixed.
With this, the dealer mentioned their special warranty for the car. They can cover the car from bumper to bumper for 36k miles or 3years (whichever comes first) for an additional $2600.. So taking me to 112k I figure by then I'll decide to either replace it or use my experience with it to determine if I DID want to buy another warranty
Theyre working out the details and cleaning it up for me to go tomorrow but I havent given them my downpayment or anything yet until I go in tomorrow (monday). My question here is would it be a wise choice to TAKE the warranty or try going without it? I want to keep the car extremely well maintained. Routine tuneups / oil changes etc.
Now when I got home yesterday I decided to look around at other lincoln price to compare and I ran across a 2006 lincoln in the area from a Lincoln dealership). This 2006 is going for 11,990 with 1-owner carfax and again basically listing everything from day one, detailed carfax like the 2002. I ASSUME this is without a warranty here but would you go for the 2002 or the 2006? Warranty needed or not? (Also found a clean 2003 with 66k miles for $8000 from some Suburu dealership though with 2 owners)
TL;DR.
Clean carfax 76k milles 2002 Lincoln LS v8 $9000 or $11600 with 3year/36mile warranty
vs
Clean carfax 73k miles 2006 Lincoln LS $12000 presumably no warranty
The car is at 76k miles and they were selling for $8975.. Thats a decent deal 9k for a 76k lincoln, but thne I considered the fact that as a luxary car the repairs and such could get expensive. Being a college student the last thing I want to worry about for my first car is having to go pay $1000 to get some problem fixed.
With this, the dealer mentioned their special warranty for the car. They can cover the car from bumper to bumper for 36k miles or 3years (whichever comes first) for an additional $2600.. So taking me to 112k I figure by then I'll decide to either replace it or use my experience with it to determine if I DID want to buy another warranty
Theyre working out the details and cleaning it up for me to go tomorrow but I havent given them my downpayment or anything yet until I go in tomorrow (monday). My question here is would it be a wise choice to TAKE the warranty or try going without it? I want to keep the car extremely well maintained. Routine tuneups / oil changes etc.
Now when I got home yesterday I decided to look around at other lincoln price to compare and I ran across a 2006 lincoln in the area from a Lincoln dealership). This 2006 is going for 11,990 with 1-owner carfax and again basically listing everything from day one, detailed carfax like the 2002. I ASSUME this is without a warranty here but would you go for the 2002 or the 2006? Warranty needed or not? (Also found a clean 2003 with 66k miles for $8000 from some Suburu dealership though with 2 owners)
TL;DR.
Clean carfax 76k milles 2002 Lincoln LS v8 $9000 or $11600 with 3year/36mile warranty
vs
Clean carfax 73k miles 2006 Lincoln LS $12000 presumably no warranty
that was actualy one hell of a deal at the time. I remember they were easily going for 18k & that was with alot of miles. Mine had only 49k when I bought it.
