Hello,
Here’s the situation: This is my Mom’s car. She’s been using it extensively for work, commuting, and helping family members, including a 400-mile trip back and forth to Cleveland to assist her brother with his divorce and relocation. She even drove to Florida in the car. Since the end of 2019, the car has accumulated a staggering 91,000 miles.
Based on these numbers, I estimate she has about a year left before reaching the mileage limit of 15,000 miles per year. The challenge is, she’ll likely need to buy the car to avoid overage fees that could amount to over $10,000. But is it a wise decision to buy out the car with 120,000 to 150,000 miles on it in a year or so? How reliable is this car, and how much longer could it last?
This situation has left us uncertain about what to do. We’ve never encountered this problem before, but my mom’s extensive traveling in recent years due to family circumstances has brought us to this point. Any advice or insights would be greatly appreciated.