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Old 12-30-2015, 08:49 AM
 
5,342 posts, read 6,167,667 times
Reputation: 4719

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Quote:
Originally Posted by GeoffD View Post
You really can't buy a reliable car these days for $4K. A $4K reliable car is a "friends and family" deal. Any $4K car on a used car lot is going to be very high risk of having expensive mechanical problems. The price spread between a low mileage solid used car and a new econobox with a manufacturers warranty is now so low that it doesn't make sense to buy used in that category. The only used car "deals" tend to be on luxury brands where more than 50% come off lease in 2 or 3 years. Very few late model used cars come on the market unless they have problems where the owner wants to dump it.
You can find used Acura TLs with ~175-200k miles on them for 4-6k. Those will easily go 250-300k miles. There might be some problems, but I have a TL with 180k miles on it and I have never had any problems with it at all. It's KBB would be about 4-6k on private sale.
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Old 12-30-2015, 08:50 AM
 
Location: New York
1,098 posts, read 1,246,415 times
Reputation: 1073
Quote:
Originally Posted by dpm1 View Post
Nonsense.
2008 Hyundai Elantra GLS - $3590 85k miles.


2008 Hyundai Elantra GLS
Yes you have a better chance on a private sale at getting a cheaper reliable car.

That would be a sweet little commuter car.
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Old 12-30-2015, 08:50 AM
 
3,038 posts, read 2,414,353 times
Reputation: 3765
Quote:
Originally Posted by mizzourah2006 View Post
You can find used Acura TLs with ~175-200k miles on them for 4-6k. Those will easily go 250-300k miles. There might be some problems, but I have a TL with 180k miles on it and I have never had any problems with it at all. It's KBB would be about 4-6k on private sale.
As posted before you can get a car with less than 100k miles for less than 4k.
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Old 12-30-2015, 08:57 AM
 
3,038 posts, read 2,414,353 times
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Quote:
Originally Posted by jms493 View Post
Yes you have a better chance on a private sale at getting a cheaper reliable car.

That would be a sweet little commuter car.
There is definitely no shortage of small-midsize cars for under 5k with less than 100k miles on it. An 08 focus would be in the same price range.

https://boston.craigslist.org/sob/cto/5369019429.html
2008 ford focus 70k - $3550
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Old 12-30-2015, 08:59 AM
 
Location: New York
1,098 posts, read 1,246,415 times
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Quote:
Originally Posted by dpm1 View Post
There is definitely no shortage of small-midsize cars for under 5k with less than 100k miles on it. An 08 focus would be in the same price range.
Eww...I would be very Leary of a high mileage Focus/Fusion/Escape etc.
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Old 12-30-2015, 09:02 AM
 
Location: Monroe!
420 posts, read 479,185 times
Reputation: 223
Its a Toyota Rav4 2012 and it had 12000 miles on it, I put 25,000 miles on it and still no mechanical issues. That help me alot, I had my share of lemon and limes, the work I put into them plus the unreliability put me on edge......In my situation, I absolutely needed not to worry about the "what ifs"

I really want to keep this car, I'm only $1500 past due, I never let it get over that amount, but sometimes I'd skip, then $200 there, $180 there, then a good check maybe $300. I can show that I can afford 300 - 350 from the payments that I have made, but 550 is somebody's mortgage, I gotta get out so I can maybe work on paying a mortgage on a house next yr.
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Old 12-30-2015, 09:05 AM
 
Location: On the Chesapeake
45,383 posts, read 60,575,206 times
Reputation: 60996
Monroe?


Get a part time job putting duck calls together for the Robertsons.




How much do used RAV 4s cost? What interest rate do you have?


$1500 is almost 3 months.
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Old 12-30-2015, 09:06 AM
 
3,038 posts, read 2,414,353 times
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Quote:
Originally Posted by Louisiana'sLegend2 View Post
Its a Toyota Rav4 2012 and it had 12000 miles on it, I put 25,000 miles on it and still no mechanical issues. That help me alot, I'd had my share of lemon and limes, the work I put into them plus the unreliability put me on edge......I'm my situation, I absolutely needed not to worry about the "what ifs"

I really want to keep this car, I'm only $1500 past due, I never let it get over that amount, but sometimes I skip, then $200 there, $180 there, then a good check maybe $300. I can prove that I can afford 300 - 350, but 550 is somebody mortgage, I gotta get out so I can work on paying a mortgage next yr.
Its a car with less than 50k miles on it. Of course it has been reliable. Modern cars are reliable almost completely across the board.

You have too much car, stop Scr**ing your friend and sell it. Be a grown up. As illustrated here you could get a car for 3.5k tomorrow and have a reliable commuter.

You fail to sell this car and you are an a*** of highest proportion and are deliberately harming your friend irreparably. Do you not understand that?
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Old 12-30-2015, 09:08 AM
 
35,094 posts, read 51,243,097 times
Reputation: 62669
Pay a mortgage next year? Are you kidding? You cannot handle you money well enough to make a full car payment, why do you think you can handle a mortgage payment AND a car payment?
I feel bad for your cosigner, you not really. You had other options that would have been a better choice.
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Old 12-30-2015, 09:17 AM
 
3,038 posts, read 2,414,353 times
Reputation: 3765
https://www.daveramsey.com/blog/how-...pside-down-car

Time to read and act. Your broke, have too much car and are mangling a friends future.
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