Many shoppers who’re thinking about buying a used car fret about vehicle reliability, and these qualms aren’t without merit. Relative to a new car, a used vehicle is more likely to need work under the hood earlier in the ownership experience. And the older the used car, the greater the likelihood of a significant repair bill.
So it’s no surprise that reliability is often the number one consideration for shoppers in the used car market.
Suppose you’re looking for one car that’ll do it all. Slip into compact spaces with ease. Accelerate and handle with grace. Fit four adults and their luggage in a well-appointed interior with little apparent cost-cutting. Command the road at highway speeds. Let’s throw in 30 MPG fuel economy for good measure.
Now suppose you’re looking to spend $15k or so, and the cheaper the better. If you’re thinking about new cars, don’t waste your time. Even the cheapest new car on the lot will likely surpass the $15k threshold, and the only boxes it’ll check are the ones pertaining to parking and fuel economy.
Many enthusiasts hold that the E46 3 Series is the pinnacle of the BMW formula: a marvelous combination of sporting character and everyday usability in a timeless design. In fact, we heartily sing its praises in our E46 buying guide, calling it “one of the most enjoyable drives available in an affordable used car.”
But there are downsides. For example, the E46 interior can age poorly. Rubberized plastics on the center console and the door cards tend to scratch and flake; headliners are prone to sagging. And there are a few dogs in the range with sub-200 hp ratings that can feel pretty anemic compared to more modern machines.
The ever-increasing mania and resulting skyrocketing values of air-cooled Porsche 911s have put those cars way out of reach for most buyers. Meanwhile, prices for the 996 generation, the first 911 with a water-cooled engine, have languished, in part because the prevailing wisdom among Porsche collectors is that the sun rises and sets only on the air-cooled cars.
Values are depressed, too, because of a known design flaw in the standard 996 engine that can, if not attended to, lead to a catastrophic failure, costing tens of thousands to repair. While this understandably gives most buyers pause, the truth is that a preemptive fix is readily available — and, even better, that many 996 examples on the market today have already had it applied.