Originally Posted by
Mark
That would be a good deal for someone, but it's not a manual. Almost 70,000 miles is not bad either, but I wouldn't consider that low mileage. For the money, it's a good deal. I am not knocking your example by any means.
I get your point that affordable 2017-18 Mirages can be found. In all honesty, I only look at manual vehicles for sale. I don't remember ever seeing a low mileage 2017-18 manual for $6,000, unless it has a salvage title attached to it. That is why I asked if you are seeing those consistently. I didn't specify low mileage either. Thus, your point is very valid.
As far as deprecation goes, I am going to quote Cobrajet a few posts back - "Yeah, your new $15,000 car will be worth $8,000 in a couple years with 30k on it."
I personally wouldn't pay a lot of money for a Mirage, & this is coming from someone who really likes his Mirage. I became interested in Mirage when they were selling for $9,000 brand new (under $10,000 OTD). My car's window sticker was $14,220, but I paid less 66% of that price new. If my Mirage is still worth $7,000-8,000 2-3 years later, it really hasn't depreciated all that much. Most new vehicles depreciate more than that at the time of purchase. If I tried to trade in my Mirage for something else, however, I would lose out big time.
I've seen the 2020 Mirage ES manual as low as $9,999 this past summer, & that would be at a dealership that would push it out their door for about $11,000. Given cruise, back up cameras, & other features have become standard or mandatory since 2017, an $11,000 OTD price is pretty good.
If you pay $15,000 plus tax &/or other tacked on fees, depreciation will surely be more of a factor. Someone shared paying near $20,000 OTD for a Mirage last winter. That car would take a much bigger depreciation hit than one bought at $11,000-13,000 OTD.
I'll be honest here. $15,000+ Mirages would have never interested me. At that price, I would have bought a slightly used Mirage for about 2/3 that price or something entirely different. For me, the Mirage needs to be affordable to purchase, reliable, and economical to drive. You take away any of those traits, & it would have lost its charm for me.