A. 93 Safari 345000 km, saftied, $1300. Well-used tow hitch.
Decent body, little rust, etc.
B. 92 Safari 148000 km, saftied, $5000. Immaculate, never
used for towing, never driven in winter, one owner.
In our harsh winters the chance a winter accident is high. If we
pay $5k for the 92 and have an accident, insurance will only pay
$3000 for it because (that is its value in insurance casualty tables.)
Should we (get the cheap van because the loss is reimbursed if
we crash, or get the expensive van and take the risk of a $2000
loss if we crash?)
Any tips for us?
My opinion (you asked for it):
1.) 1993 Safari 148000 km
Do not buy the 93 Safari at any price. Using a vehicle for towing
probably doubles the wear rate of the drive train so if the 93 was used
for towing even half its life, its effective mileage is 517,000 km. That
Safari is all...worn...out.
2. 1992 Safari 148000 km
a.) Set aside your emotions about the 92 Safari creampuff. If you
pass on this one, another great deal is always just around the corner.
Consider buying a different vehicle which is somehow less likely to have
an accident, or which is less likely to sustain major damage in an accident.
b.) Look up the private party value of a 92 Safari with that mileage
in that condition and make an offer at that value. The seller will either
accept the offer or counter with a higher asking price. The difference
will tell you how much risk you face, and you can decide if it's worth it.
c.) If you feel you have a $2000 excess risk there are insurance firms
which will cover it for a premium payment. Otherwise, you are acting
as a self-insuror for the uncovered $2000. Anything is insurable.
Wendy & John.