Youtube daily vehicle Feb 1 2019

but before you say what if anything catastrophic happens yeah an engine or

transmission failing on a newer car with a hundred thousand miles is relatively

rare I'm gonna look at a car but I think it kind of has high miles whoa whoa what

do you mean high miles oh you know like a hundred thousand

miles bro that thing isn't even broken in yet wait so you think I should

actually consider buying it yeah I think you should consider buying it and here's

why yo today we're gonna be talking about buying and enjoying cars that have

more miles because well they can save you money and be more fun to drive in

this video I'm gonna show you how and then at the end of this video I'm gonna

give you what I found to be the perfect sweet spot for mileage which will give

you the best opportunity to drive the car for free and if you are new here my

name is Brad danger and this is the I do cars youtube channel which is for next

generation car enthusiasts interested in ideal cars believe it or not and if it

sounds like you well hit that subscribe button so that we can get this channel 1

subscriber closer to buying the highest mileages McLaren 650s I really want to

buy that car so that all of us can enjoy it on this channel okay so why do people

tend to shy away from high mileage diamonds in the rough because they seem

to be riskier and more things tend to go wrong with higher mileage cars in theory

and I know I know I know that there is a slightly higher chance that something

might fail but cars are built to go 200,000 plus miles and personally I've

had multiple great experiences with higher mileage cars that I've either

driven for free or made money by 1990 a m3 with a hundred and nine thousand

miles on it I made $2,000 my 1968 Mustang with a

hundred and thirteen thousand miles on it I made six grand in my 2008 m3 with

ninety thousand miles on it I made five thousand bucks and the best

thing is that with all these cars I got to buy them and drive them and enjoy

them and making money was just a bonus and that's exactly why I built the ideal

car strategies where I teach next generation car enthusiasts the art of

properly buying and enjoying both low and high mileage ideal cars with the

goal of either breaking even or making money and the main reason that high

mileage examples are really enticing is because the depreciation curve tends to

flatten out with higher mileage cars and as you continue to put more miles on

them and enjoy them they don't is nearly the same amount of value as

lower mileage examples and I'll dig into that more in just a minute but before I

do buying a newer high mileage car is

usually better than buying an older car with less miles I mean cars are meant to

be driven and cars with more miles tend to last longer because they can

lubricate themselves regularly and burn those carbons that are bad for the

engine plus what I found is that more often than not higher mileage cars are

better taken care of since the previous owner has actively been driving it they

usually stay on top of the oil service intervals and overall upkeep of the

vehicle and what do they say out of sight out of mind

fluids and rubber components deteriorate over time what I've seen is that

especially for low mileage fun cars the chance that all service intervals and

oil changes are done on time is way less likely and it's not a deal breaker but

when they're charging a premium for it being low mileage it's a tough pill to

swallow and when we talk about resale value once a car falls into that high

mileage category which definitely differs from every make and model the

depreciation curve really flattens out so a car that has 90,000 miles in the

same make and model has 115k will be worth about the same on the used market

and when you're able to identify what our high miles on a car this is exactly

how you can drive a car for free relatively easily because you could buy

the car at ninety K drive it to 115 K and sell it for about the same dollar

amount but before you say what if anything catastrophic happens yeah an

engine or transmission failing on a newer car with a hundred thousand miles

is relatively rare and if you do your due diligence and get a pre-purchase

inspection which I teach how to properly do in the ideal car strategies you'll be

setting yourself up for the best ownership experience possible dare I say

ideal ownership experience yeah and here's the biggest risk of buying a high

mileage car it's really easy to buy high mileage cars but on the flip side

there's sometimes harder to sell and that's exactly why I teach you how to

properly fill out the proprietary ideal cars desirability guide to understand

what color and factory options will help the car stick out from the rest and

bring a premium remember mileage is just one of the factors that a potential

buyer considers when buying a car other things like condition exterior and

interior color and factory options all play a role in how much someone is

actually willing to pay and this is especially true with higher per floor

it's cars which is my bread and butter they're built with stronger components

than their lesser brethren and can last a very long time with just normal

service so by doing your research you'll know that an e 92 m3 with no sunroof or

with the highly sought-after competition package can make the car substantially

more valuable even with higher miles and a buyer will pay a premium over m3s with

less miles without those options knowledge is king and I love being the

king baby so what I'm gonna do is I'm gonna give you an example of the exact

same two cars with different mileages and break down the cost per mile for you

and since we're on a BMW kick which I usually always am let's do it with a

2013 BMW m3 now the average mileage for this year m3 would be roughly 70 K which

if we look at KBB you can see that it's 29 960 which is what you'd get at a

private party now in 25,000 miles at 95 K it's going to be twenty five thousand

nine hundred and fifteen so if we double the mileage which would be considered

high mileage at a hundred and forty K you can see that it's now nineteen

thousand eight hundred and forty nine and then if we drive that car twenty

five thousand miles to 165 K you can see that it's seventeen thousand four

hundred and thirty five you'd get at a private party so here's the thing if you

buy the car at 70 K drive at 25k and sell it at ninety K it depreciates

roughly 4045 dollars and will cost you about 16 cents per mile to drive the

beast which isn't bad but you pick up one at double the mileage and 140k drive

it for twenty five thousand miles and sell it with a hundred and sixty-five K

and you lose two thousand four hundred and fourteen dollars or less than ten

cents per mile to drive that beast so you can think of it as giving yourself a

nickel and a penny for every single mile that you drive real quick that change

starts to add up baby and as you can see it is clearly cheaper

to buy and drive a higher mileage car and I can't stress this enough because I

know that people in the comments are gonna say Oh higher mileage more issues

everything else yeah you have to get a pre-purchase inspection from a reputable

shop otherwise it's not gonna work this is cheap insurance to know exactly what

could go wrong that you can fix before you buy the car the other thing which is

really important is having documented service history of that car the higher

mileage that is especially crucial in having an engine

ownership experience and personally I've had multiple ideal ownership experiences

with higher mileage cars in fact I know sometimes seek them out so I can get the

best miles out of them my McLaren will hopefully have the highest mileage in

the USA oh and one thing I almost forgot what is that sweet spot to ride the flat

depreciation curve for mileage well I find that between 75 K and 100 K is that

sweet spot where you can enjoy that ideal car for twenty to thirty thousand

miles and then have the best chance to sell that car to the next lucky buyer

for roughly what you paid for it and why that number well first its considered

higher mileage for almost all make and models but also most cars will already

have had their costly major service interval at sixty to eighty K let's say

now if that major service hasn't been done well it's a great negotiation

tactic and an ideal opportunity to buy it enjoy it after you service it of

course at an independent shop and possibly make money on that deal now

that's what I call an ideal car and I want to know what's the highest mileage

car that you've owned what was your ownership experience like did you get a

pre-purchase inspection before you bought that car let us know down in the

comments also snag some ideal swag guaranteed to add five horsepower or six

if your car has over 200 K okay so if you liked this video you're gonna love

my one minute video that I introduce the tried-and-true ideal car strategies

where I teach you how to never lose money on a car again so check that out

over here or if you want to see what YouTube recommends you watch next click

here oh and if you haven't subscribed yet give me one subscriber closer that

McLaren but either way you can't lose and as always keep living that ideal

lifestyle

For more infomation >> Why You Should Buy a High Mileage Vehicle! - Duration: 8:19.

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Have Automakers Grossly Miscalculated Electric Vehicle Demand? - Duration: 4:30.

Right now, every major automaker is sinking huge amounts of money into developing and producing battery-electric cars, having already announced their plans to form an extensive range of EVs

Yet, it's quite possible that they have badly misjudged market demand and could end up with huge inventories sitting into dealerships' backyards

Deloitte's analysts project that, by 2030, there will be a huge oversupply of electrified vehicles as manufacturers' production numbers will greatly surpass demand! If that scenario materializes, then it will inevitably into a huge upheaval in the automotive industry, the effects of which, although difficult to pinpoint at this point, are going to be dire for many manufacturers

"Whilst there is a distinct trend developing in the EV market, the story is not a clear cut one

As manufacturers increase their capacity, our projections suggest that supply will vastly outweigh consumer demand by approximately 14 million units over the next decade

This gearing up of EV production is driving a wide 'expectation gap' and manufacturers, both incumbent and new entrants alike, will need to adapt towards this new competitive landscape

" EVs could eventually become even cheaper than gas models The consulting firm states that EV prices will become comparable, or even lower than, gasoline- and diesel-powered models by 2024

They also expect 21 million all-electric vehicles to be manufactured over the next decade and assert that the market share for electric vehicles will, indeed, increase, but not as much as automakers expect it to, leading to an oversupply

Last year, a record 2 million electric vehicles were sold worldwide, which is twice the number achieved in 2017 and points to an increased popularity of BEVs (battery electric vehicles)

Yet, only one in 250 cars on the road is an EV – and Norway, where the Leaf has climbed to the top of the sales charts and EVs account for a healthy 30 percent, is a unique case

In contrast, electric and plug-in hybrids represented less than 2 percent of total US sales, and just 2.2 percent on a global scale

VW, in the aftermath of dieselgate, tied up its future with electrified vehicles, committing to a $50 billion investment and the building of the I.D.sub-brand as well as an EV-exclusive new modular platform

Mercedes-Benz, BMW and the rest have also done the same, driving forward with new EVs and bringing the fight to the likes of Tesla, who pioneered modern electric cars and caught the establishment by surprise

While founder Elon Musk may have over-promised and under-delivered more than a few times in Tesla's relatively short history, and is only now starting to see a way out of the red, he saw the future before the rest

Moreover, with almost 100,000 vehicles delivered in the last quarter, Tesla is gearing up to achieve its goal of half a million annual global sales, driven mainly by (finally) rolling out the Model 3 consistently

Thus, it became the best-selling premium car in the world's second-largest market, the U.S.,despite the fact that its more accessible version is not available yet

Musk's company, though, is a minnow compared to the VW Group or Daimler, who want to produce many times as many vehicles

And despite its success, it had to lay off 3,000 employees in order to make the promised $35k Model 3 viable

In a couple of decades, the internal combustion engine will, in all likelihood, be just a memory.The problem is that the very same thing that caused its demise may actually result in some brands joining it as well