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Lexus: How long can I run my 98 RX300?

  1. #1
    Neil
    Guest

    How long can I run my 98 RX300?

    Folks,
    My wife has a 98 RX300 with ~70K miles. It has been fully serviced
    according to specifications and we have had no serious problems. I don't
    know much about cars ... but I have a couple of basic questions:

    1) How many miles can we put on this car before the "wheels fall off?". How
    much longer can I drive it before the cost of ownership becomes more than
    its value? Does anyone have experience on RX300's with high mileage? What
    problems/costs can we expect? What is end of life mileage?


    2) This may be a general question about all cars ... which is more
    "economic" .... to trade in a car and buy a new one while there is equity in
    the car or drive it to destruction and then buy a new one with no trade in
    residue on the original?


    Thanks guys ...

    Neil



  2. #2
    markjen
    Guest

    Re: How long can I run my 98 RX300?

    > 1) How many miles can we put on this car before the "wheels fall off?".
    How 
    What 

    If you live in an area where corrosion is not a huge issue (e.g, not in the
    rust belt), most cars can be driven indefinitely. Maintenance and repair
    costs will continue to increase, but for most areas, there is no practical
    upper limit on how long you can drive a car.

    Except for collectables, cars do reach the point where the cost of repairs
    exceeds the value of the car. But most cars hit the junkheap long before
    this though - the owner loses interest in the car, stops getting things
    repaired, and simply drives it into the ground.

    If you take reasonable care of an RX300, perform routine maintenance, don't
    get involved in collisions, etc., it should be economically viable to drive
    it to 300K-500K, but there are lots of variables. I have a friend with a
    Ford Explorer with 500K and it is a reliable daily commuter. But he's got a
    long commute and he stacks on the miles - calendar time is often times more
    important than mileage. Long-term, things like corrosion, electrical system
    deteoriation, accessory glitches, instrument failures, safety system
    failures, etc. take more of a toll than mileage wear items that can be
    replaced.
     
    in 

    If you're looking for the lowest total cost of ownership, your best bet is
    to buy a new (or good shape used car) and drive it forever, or as long as
    you can before something really expensive requires repair. The cost of
    routine maintenance and repairs is almost always less than the depreciation
    you'll incur on a new car. Having said this, older cars tend to require
    more TLC and you run a higher risk of breakdowns,. And today's cars are
    vastly improved in nearly all areas. So most people replace a new car long
    before it is worn out - they just want something new and don't want to
    bother doing the repairs, even if this is the cheaper way to go. IOW, there
    is more to car ownership than simple economics.

    - Mark



  3. #3
    Larry
    Guest

    Re: How long can I run my 98 RX300?

    My 1992 ES300 has 246,000 miles on the original engine and trans,and is still running fine.

    "markjen" <net> wrote in message news:kcCTc.125026$.. 
    How 
    What 

    If you live in an area where corrosion is not a huge issue (e.g, not in the
    rust belt), most cars can be driven indefinitely. Maintenance and repair
    costs will continue to increase, but for most areas, there is no practical
    upper limit on how long you can drive a car.

    Except for collectables, cars do reach the point where the cost of repairs
    exceeds the value of the car. But most cars hit the junkheap long before
    this though - the owner loses interest in the car, stops getting things
    repaired, and simply drives it into the ground.

    If you take reasonable care of an RX300, perform routine maintenance, don't
    get involved in collisions, etc., it should be economically viable to drive
    it to 300K-500K, but there are lots of variables. I have a friend with a
    Ford Explorer with 500K and it is a reliable daily commuter. But he's got a
    long commute and he stacks on the miles - calendar time is often times more
    important than mileage. Long-term, things like corrosion, electrical system
    deteoriation, accessory glitches, instrument failures, safety system
    failures, etc. take more of a toll than mileage wear items that can be
    replaced.
     
    in 

    If you're looking for the lowest total cost of ownership, your best bet is
    to buy a new (or good shape used car) and drive it forever, or as long as
    you can before something really expensive requires repair. The cost of
    routine maintenance and repairs is almost always less than the depreciation
    you'll incur on a new car. Having said this, older cars tend to require
    more TLC and you run a higher risk of breakdowns,. And today's cars are
    vastly improved in nearly all areas. So most people replace a new car long
    before it is worn out - they just want something new and don't want to
    bother doing the repairs, even if this is the cheaper way to go. IOW, there
    is more to car ownership than simple economics.

    - Mark



  4. #4
    Mark
    Guest

    Re: How long can I run my 98 RX300?

    On Sat, 14 Aug 2004 23:26:06 UTC, "Neil Kolban" <com>
    wrote:
     
    If you're willing to keep fixing them, cars can go a long time-- 20
    years or more, or half-million miles. Rust may be what ultimately
    makes them unrepairable (or at least not worth the trouble).
     

    It's nearly always cheaper to keep driving the car. At least to my
    way of thinking, the issue is not the value of your current car, but
    rather the cost to buy a new one. By the time a car's 10+ years old
    it's probably worth only a few thousand bucks, and most importantly,
    it's not depreciating that quickly any more. If you figure that the
    capital cost of buying a new car is, say, $500/month (ie what you'd
    have to pay in loan payments-- even if you "loaned" the money to
    yourself by taking it out of the bank), then as long as you're
    spending less than $6000 per year in maintenance it's cheaper to fix
    your old car (assuming that a new car doesn't cost anything to
    maintian). It's very hard to spend that much in maintenance, so it's
    nearly always to keep on truckin'. So the deciding factor more often
    becomes 1) whether the car has become unreliable to the point where,
    maintenance notwithstanding, you can't count on it to complete a given
    trip successfully, 2) whether the hassle of constantly taking it to
    the shop is getting to be a real nuisance or (most commonly) 3)
    whether you're just plain tired of your current car.

  5. #5
    markjen
    Guest

    Re: How long can I run my 98 RX300?

    > So the deciding factor more often 

    This puts it better than I did.

    - Mark



  6. #6
    Neil
    Guest

    Re: How long can I run my 98 RX300?

    Folks,
    Mark, Mark, Larry,
    Many, many thanks for taking the time to respond back to my postings. Your
    thinking has given me much to consider. I wanted to say THANK YOU so much
    for taking the time to provide such thoughtful and clear responses. These
    are MOST appreciated.

    Neil


    "markjen" <net> wrote in message
    news:7uKTc.128384$.. 




 

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