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Old 02-20-2012, 12:12 PM
 
Location: Moose Jaw, in between the Moose's butt and nose.
5,152 posts, read 8,526,495 times
Reputation: 2038

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Remember not too long ago, at least the 90's when it wasn't too hard to find cars that ran, through friends or whomever, for 300-600 bucks. Now looking at Craigslist, for example, 90-95% of the 300-600 buck cars that are advertised, don't run.
Maybe if you live in smaller towns, this isn't the case, but it sure is in even medium sized metro areas (100k or above).
I cannot in good conscience, sell a car that didn't run for that much. Unless it was a classic like a Mustang, etc. What gives? Greed?

Last edited by beenhereandthere; 02-20-2012 at 12:29 PM..
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Old 02-20-2012, 12:17 PM
 
2,601 posts, read 3,397,109 times
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Quote:
Originally Posted by beenhereandthere View Post
Remember not too long ago, at least the 90's when it wasn't too hard to find cars that ran, through friends or whomever, for 300-600 bucks. Now looking at Craigslist, for example, 90-95 of the 300-600 buck cars that are advertised, don't run.
Maybe if you live in smaller towns, this isn't the case, but it sure is in even medium sized metro areas (100k or above).
I cannot in good conscience, sell a car that didn't run for that much. Unless it was a classic like a Mustang, etc. What gives? Greed?
Used car values are at all time highs right now due to a bad economy(people buying more used than new therefore depleting stock of used cars and driving up prices of used cars). Less new cars being bought= less used cars available.

Unless you're an auto mechanic, better just to buy new. Once you factor in repairs/maitence/trade in value/risk and everything else it works about to about the same.

And yes of course greed plays into it. A lot of millionaires were made in the car business. Both in retail and production.
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Old 02-20-2012, 12:33 PM
 
10,135 posts, read 27,470,411 times
Reputation: 8400
690,000 cash for clunkers cars out of the system drove prices up. I think B.O. should start a new program for the cell phone industry. Destroy 690,000 cell phones that can be replaced with new and give a government funded credit. Who knows, maybe this could be a expanded to sand boxes and old swing sets. Morons!
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Old 02-20-2012, 12:43 PM
 
Location: Grosse Ile Michigan
30,708 posts, read 79,793,239 times
Reputation: 39453
It is called inflation. I recall gasoline being .68 cents per gallon too. My kids have found decent A to B cars in the $2500 range which is afforable to them. FOr me $250 - $500 was the limit, $2500 is what you paid for college tuition. But then minimum wage was $2.57

Now a get you there car costs $2500, a gallong of gas costs $3.39. COllege tuition is $10,000 and minimum wage is around $7.50. Everything went up. Otherwise it is not that different.

One big difference I see is that cars have more mileage on them. You do not find a car under $10,000 with under 100k miles. Back then it was rare to find any car with over 100k miles. They did nto last that long, or maybe we drove less. (It sure does not seem like we drove less, I rememebr putting 44,000 miles on my first car during college)

BTW. My son recently bought a 1994 Thunderbird with 98,000 miles for $500. However he bought it form his cousin, so it was somewhat discounted. Still it is worth no more than $1200 an it is a decent car. We drove it back from Texas with no problems and he has put another 5000 or so mile on it depsite a dying tranmission. Cheap running cars are out there, just not for $500 any more.
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Old 02-20-2012, 12:50 PM
 
4,236 posts, read 8,140,233 times
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While I finally found a job last month after being unemployed for a year and half it will be a long time before I buy a new car. That stretch of unemployment had the chilling affect on signing up for any debt. I’m keeping my current car for a long time just in case the economy goes further into the crapper.
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Old 02-20-2012, 12:51 PM
 
10,494 posts, read 27,238,533 times
Reputation: 6717
Quote:
Originally Posted by beenhereandthere View Post
Remember not too long ago, at least the 90's when it wasn't too hard to find cars that ran, through friends or whomever, for 300-600 bucks. Now looking at Craigslist, for example, 90-95% of the 300-600 buck cars that are advertised, don't run.
Maybe if you live in smaller towns, this isn't the case, but it sure is in even medium sized metro areas (100k or above).
I cannot in good conscience, sell a car that didn't run for that much. Unless it was a classic like a Mustang, etc. What gives? Greed?
Yeah, it is getting real bad. I noticed it getting worse the last few months. Here are some examples in my area of badly overpriced vehicles:

toyota corolla for sale by owner 205k miles 5speed manual economy car (http://lasvegas.craigslist.org/cto/2860545878.html - broken link)

What, a 1995 Corolla with 205,000 miles for $2,700???? This is a $1,000 car at best IMO.

1984 FORD MUSTANG CONVERTIBLE (http://lasvegas.craigslist.org/cto/2812984909.html - broken link)

Yeah right, a 1984 6 cylinder Mustang with a cracked head, bad top, and bad cosmetically for $1,000.



Overall, I do not know why I even bother looking for another car anymore.

Last edited by las vegas drunk; 02-20-2012 at 01:10 PM.. Reason: mustang was a 6cyl not 4cyl
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Old 02-20-2012, 01:04 PM
 
Location: Moose Jaw, in between the Moose's butt and nose.
5,152 posts, read 8,526,495 times
Reputation: 2038
Quote:
Originally Posted by las vegas drunk View Post
Yeah, it is getting real bad. I noticed it getting worse the last few months. Here are some examples in my area of badly overpriced vehicles:

toyota corolla for sale by owner 205k miles 5speed manual economy car (http://lasvegas.craigslist.org/cto/2860545878.html - broken link)

What, a 1995 Corolla with 205,000 miles for $2,700???? This is a $1,000 car at best IMO.

1984 FORD MUSTANG CONVERTIBLE (http://lasvegas.craigslist.org/cto/2812984909.html - broken link)

Yeah right, a 1984 4 cylinder Mustang with a cracked head, bad top, and bad cosmetically for $1,000.



Overall, I do not know why I even bother looking for another car anymore.
Was this through a dealer, or a private party?
I would expect that from dealers, but a private party, shame on them.
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Old 02-20-2012, 01:10 PM
 
10,494 posts, read 27,238,533 times
Reputation: 6717
Quote:
Originally Posted by beenhereandthere View Post
Was this through a dealer, or a private party?
I would expect that from dealers, but a private party, shame on them.
Both are private party.
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Old 02-20-2012, 01:21 PM
 
2,601 posts, read 3,397,109 times
Reputation: 2395
Quote:
Originally Posted by Coldjensens View Post
It is called inflation.
No it's not just that. Have you looked at inflation over the past decade? There's hardly been any. Interest rates are also at all time lows.
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Old 02-20-2012, 01:22 PM
 
6,367 posts, read 16,871,001 times
Reputation: 5934
Quote:
Originally Posted by beenhereandthere View Post
Remember not too long ago, at least the 90's when it wasn't too hard to find cars that ran, through friends or whomever, for 300-600 bucks. Now looking at Craigslist, for example, 90-95% of the 300-600 buck cars that are advertised, don't run.
Maybe if you live in smaller towns, this isn't the case, but it sure is in even medium sized metro areas (100k or above).
I cannot in good conscience, sell a car that didn't run for that much. Unless it was a classic like a Mustang, etc. What gives? Greed?
Around here on craigslist they're offering from $300-500 for junk cars just to be hauled to the crusher. Good luck finding a driver for that price.
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