I bought a 2000 Corolla for $1500 and drove it for 7 years. Loved that thing.
I don't agree with buying something from 1960, but why not from 2000? The cars in 2000 were safe for families? I don't remember there being an outrageous amounts of deaths?? Or are you justifying it for yourself?
Nope.
Average vehicle does 10k a year, so how many miles does the average chassis fru om 2000 have on it in 2019?
How many owners?
How regularly has it been serviced - breaks, suspension, powertrain? How much rot are you looking at under the hood and body, how many fuel lines, break lines, vacuum lines are junk?
Just replacing ball joints and bearings will run you about 2K over purchase if you're not mechanically inclined or equipped to replace them yourself. This, by the way, is an area that is almost ALWAYS neglected by vehicle owners.
Depending on the tire size, you could be looking at 14-1500 over purchase price to replace.
I'm not even getting into cost for overheads or potential powertrain repairs or replacement.
And that's an AVERAGE vehicle, middle of the road. It's not about form, it's about function and reliability.
I'm not saying go out and buy something new. But buying something with 200K miles, unless you're spending $500 or less is fucking retarded.
Only exception would, potentially, be a vehicle with a diesel powerplant as they're inherently longer lasting. But you still have chassis, trans, and suspension issues to consider. I still wouldn't go over 5K unless full service history could be provided.