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Old 11-21-2018, 11:33 AM
 
531 posts, read 364,498 times
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I've been looking at a five year old car that is priced very reasonably. It's so low that I think there must be a catch.

I checked the CarFax and the only possible red flag I could see is that there were three owners. The first was a personal lease and it was driven about 35k miles. The next owner only drove it a thousand miles. The next owner drove another 15k.

Last edited by Drago45; 11-21-2018 at 12:21 PM..
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Old 11-21-2018, 11:52 AM
 
Location: Riding a rock floating through space
722 posts, read 187,480 times
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I don't think 3 owners over 50k miles and 5 years is a red flag, especially when the first was a lease.
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Old 11-21-2018, 11:54 AM
 
4,805 posts, read 4,916,442 times
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Run away as fast as you can.
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Old 11-21-2018, 11:58 AM
 
Location: Riding a rock floating through space
722 posts, read 187,480 times
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Quote:
Originally Posted by unit731 View Post
Run away as fast as you can.
Why? if there were some kind of recurring problem the repair would be documented by the dealer during the lease period in the carfax. A 1000 mile owner just says to me it wasn't their cup of tea.
Whats the make/model?
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Old 11-21-2018, 11:58 AM
 
Location: Greensboro, NC
241 posts, read 87,538 times
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I wouldn't chance it.
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Old 11-21-2018, 12:01 PM
 
4,805 posts, read 4,916,442 times
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Quote:
Originally Posted by duke944 View Post
Why? if there were some kind of recurring problem the repair would be documented by the dealer during the lease period in the carfax. A 1000 mile owner just says to me it wasn't their cup of tea.
Whats the make/model?
Then tell OP to buy it.

Me, I'd run away as fast as possible. Too many good used cars with one owner. And way too many potential issues for a multiple owner used car.
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Old 11-21-2018, 12:07 PM
 
Location: Cape Cod
10,008 posts, read 7,242,734 times
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That does sound a bit out of place. Why would someone go to all the trouble and expense buying a car and then trading it in after 1000 miles?



I have been looking for a boat since the Summer and I have come across a few where the guy bought it used for a season and is now selling it. To me that is a red flag of a possible underlying issue that he is looking to get away from by dumping it on the buyer.



Unless this car is something really special beyond the lower than average price I would pass.
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Old 11-21-2018, 12:12 PM
 
Location: Riding a rock floating through space
722 posts, read 187,480 times
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Quote:
Originally Posted by Cape Cod Todd View Post
That does sound a bit out of place. Why would someone go to all the trouble and expense buying a car and then trading it in after 1000 miles?



I have been looking for a boat since the Summer and I have come across a few where the guy bought it used for a season and is now selling it. To me that is a red flag of a possible underlying issue that he is looking to get away from by dumping it on the buyer.



Unless this car is something really special beyond the lower than average price I would pass.
Thats actually pretty common with recreational vehicles like boats and motorcycles. The idea sounds so much better than the reality, the thrill wears off quickly and they want to suffer as little depreciation as possible so they sell it a year later.
Is this a private party or dealer selling it? is it possible to add a warranty?
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Old 11-21-2018, 12:18 PM
 
531 posts, read 364,498 times
Reputation: 343
Quote:
Originally Posted by Cape Cod Todd View Post
That does sound a bit out of place. Why would someone go to all the trouble and expense buying a car and then trading it in after 1000 miles?



I have been looking for a boat since the Summer and I have come across a few where the guy bought it used for a season and is now selling it. To me that is a red flag of a possible underlying issue that he is looking to get away from by dumping it on the buyer.



Unless this car is something really special beyond the lower than average price I would pass.

There price in this car is like 2-3K less than I have seen it elsewhere. The low price could also be a bait and switch tactic by the dealer as I've run into those in the past. They have a car that's driven by the staff, put a low sticker price on it, and use it to lure people in. When someone shows up, they say it's in the process of being sold.
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Old 11-21-2018, 12:25 PM
 
Location: NC
1,825 posts, read 889,257 times
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I purchased a 2015 Highlander LE Plus back in March. It was a one owner vehicle and had 27K on it at the time. The only thing I didn't take into consideration was the tow capacity. It was only 1500 and I needed more than that. So I started looking and found a 2016 XLE with only 2500 miles on it. I sold the 2015 after 4 months and approximately 4000 miles. There was absolutely nothing wrong with it and if it had a higher tow capacity, I would have happily kept it. That was the shortest amount of time that I have ever owned a vehicle!
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