Let it be known: I’m not a fan of buying used cars. If you have ever read anything I’ve written, you’ve probably noticed that I nearly always encourage people to go with new over used, especially if the person asking the question lacks the time and capabilities to fix minor issues on his own. However, there are cases where buying used makes a lot of sense, particularly with models that experience extreme depreciation and have a good deal of anticipated longevity.

Today’s question deals with exactly such a situation. Or does it? Read on.

Hi Mark,

I love your columns and always look forward to reading them.  My question for you:

I love cars but I am a very deliberative buyer. My wife and I usually drive our cars for at least 10 years if possible, maybe more if the car is holding up. My last car was a 2005 Lexus LS430. I loved that car, but it was finally getting too old and showed signs of impending unreliability. I recently sold it and got a 2018 Avalon. Not my dream car by far, but it is a solid ride until I can give it to my son when he turns 16 in a couple years.

When it comes time to hand down the Avalon, I want to buy a car I really want.  Here’s what I really like in a car: rear wheel drive, V8, large luxury sedan. I also place a high value on reliability. I was settled on getting another big Lexus after my previous one, but I am kind of turned off by the lack of V8. Something about a large barge with a dinky V6 doesn’t sit right with me.

My original dream car of my impoverished youth was an early 90s Mercedes 560 SEL. What I am contemplating doing in a couple years is getting a Mercedes S-Class that is a couple years old (probably an S560 by the time I’m ready to buy).

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