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HoneyBadger

HoneyBadger

I love short track racing (Taylor's Version)
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Why is it that anyone who's selling a Toyota feels the need to sell a high mileage car at TWICE the Blue Book value? Are people actually paying $8,000 for ten year old cars with 200,000 miles on them?

Then I saw a 1998 Toyota Camry with front end damage - still, I didn't mind. $2,800, not bad IMO, sure it's over the Blue Book value but I'm willing to pay that if it's lower mileage and in good shape. Then I see the kicker - over 300,000 miles on it
yikes.gif
.

Seriously, where do people get these numbers from?

I hate that I'm probably going to have to buy another GM vehicle or a Chrysler but I can't afford to be picky at this point unfortunately.
 
Andy, tax time is not the time to buy a used car. All the prices are inflated. If you have something that's running you may want to wait till about June.
 
AndyMarquisLive said:
Why is it that anyone who's selling a Toyota feels the need to sell a high mileage car at TWICE the Blue Book value? Are people actually paying $8,000 for ten year old cars with 200,000 miles on them?

Then I saw a 1998 Toyota Camry with front end damage - still, I didn't mind. $2,800, not bad IMO, sure it's over the Blue Book value but I'm willing to pay that if it's lower mileage and in good shape. Then I see the kicker - over 300,000 miles on it
yikes.gif
.

Seriously, where do people get these numbers from?

I hate that I'm probably going to have to buy another GM vehicle or a Chrysler but I can't afford to be picky at this point unfortunately.
Click to expand...

Dodge dakotas still sell for ~5-6K with 120+,000 miles on them. We just sold our Ram 1500 with 298,000 miles for 6K.

It's not just toyota.
 
I just sold my 98 jimmy for 2600 that is on a car that has the 4wd clamped off so it won't slip into and has a mysterious antifreeze leak that can't be found
 
I just bought a 2001 F150 Extended Cab 4 door 4x4 with 200,000 miles (tranny 45,000) on it last week. Has some roof damage from a tree branch, about $1,000 to repair. Brand new rims and Nitto Grappler tires. No rust (big for an Ohio truck). Aftermarket stereo with bluetooth and USB hookup. Got it for $3,200, $2k under book value.
 
4 bangers and even some V-6's, especially standard shift models, go for a premium price as gas prices continue to spiral up. Fact of life.
You can buy new for $250 a month if you have decent credit and willing to pay for 4 years, or more. There's cheap leases out there too.
 
WOW! I would never, ever, buy a used car now! With the flooding from Hurricane Katrina and Hurricane Sandy, who knows how many of those cars were given salvage titles, bought and registered as having been "rebuilt."
Unless you personally knew who owned and where a used car came from, even Car Fax can't cover every step. Right now, cars flooded in Hurricane Sandy are being traded and sold to dealers 1500 miles distant.
http://www.nytimes.com/2013/01/13/n...rricane-sandy-lure-unwitting-buyers.html?_r=0

Bottom line, buy new. It might not be exactly what you want but at least you'll know it has no previous history.
 
My rule of thumb is if I'm buying new I go Japanese, if I'm buying used I go American. I'm not saying the American cars are inferior, but they don't seem to hold their value as well, which sucks if you're buying new but great if you're buying used.
 
Whizzer said:
WOW! I would never, ever, buy a used car now! With the flooding from Hurricane Katrina and Hurricane Sandy, who knows how many of those cars were given salvage titles, bought and registered as having been "rebuilt."
Unless you personally knew who owned and where a used car came from, even Car Fax can't cover every step. Right now, cars flooded in Hurricane Sandy are being traded and sold to dealers 1500 miles distant.
http://www.nytimes.com/2013/01/13/n...rricane-sandy-lure-unwitting-buyers.html?_r=0

Bottom line, buy new. It might not be exactly what you want but at least you'll know it has no previous history.
Click to expand...


Why buy new and have a car payment? I have no desire to buy new when I can pay for one outright. Hell, some new cars have just as many problems as a used car. Its not difficult to find out if a car has been flooded, but why would anyone buy a rebuilt salvaged titled car anyways? I mean, unless it was SIGNIFICANTLY cheaper, I wouldn't even consider it. If you don't know cars, never buy one without having a trusting mechanic look at it either. Any mechanic worth a dang can tell u if a car is worth purchasing or not.
 
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