So you'd have to insure the car as a collectible/classic in case it gets hit or stolen...not even sure how many miles they will let you drive a car insured this way. And if you drive a lot of miles, it won't be long and a 24K mile car will be like all the others with higher miles on them. You're basically buying a better condition car...but paying a premium for it. If you're rich, its the way to go.