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Car Forum / Driving, Maintenance, Tuning / General Car Topics / March 2007

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first time buying a used car from private party

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Cesar Zapata - 01 Mar 2007 15:21 GMT
Hi,

I crash my car in a snowy day. Now, i'm in a look for a used car from
private party. the max i can spend is $4000 and just need to go from
home to work about 40 miles each way. I know is long what I have no
choice.

Do you think I can find a decent car with that amount or you think i'm
screwed and need more dinero. I live in southern CT.

a woman is selling her 97 acura (donknow if integra or legend) is 150K
and has some minor body damage and a chipped in the winshield not a
real hole. she wants about $2700.

any thoughs?

TIA
Cesar Zapata - 01 Mar 2007 15:25 GMT
> Hi,
>
[quoted text clipped - 13 lines]
>
> TIA

also her vin# is clean in CARFAX. Also what is the best way to buy
from private party... for example I've seen some people trying to sell
as same price as a dealer. like a 1994 honda accrod for 4500. does it
seem too much?
Jeff - 02 Mar 2007 02:12 GMT
>> Hi,
>>
[quoted text clipped - 18 lines]
> as same price as a dealer. like a 1994 honda accrod for 4500. does it
> seem too much?

You can get a Hyundai Accent for about $10k. The car has a 100,000 mi engine
and transmission warranty. At least some PA dealers are throwing in an
additional warranty (insurance) to go to 200,000 mi. (The warrant expries
when you sell the car). If you buy one, you're good for about 2 1/2 years
without a major repair (assuming 25k mi / yr or 40 mi each way x 5 times per
week + 5,000 fun miles) and at least another 1 1/2 years without a major
enginer/transmission repair. You'd have to take out a loan, but this might
be your best bet.  And you should get around 33 mpg which is just 12 gal.
per week going to and from work.

Or you could get a $15,000 Honda Fit. Maybe $3000 in maintaince in the next
6 years, for $18000 for six years. You sell it for $3000, you pay $15,000.
So about $2500 per year.

If you finance the whole thing, the loan payments would be around $250 or
$375 at 7% for 48 months. The other thing to be aware of is that your
insurancee would be higher.

$2700 for the Accura seems to be a fair buy. According to kelly blue book,
the car is worth around $3500 (the condition seems to be between fair and
good). For repairs and maintanince, your talking maybe $2000. So, for just
under $5000 + gas and insurance, you get transportation for maybe two years.

Personally, I think if you can swing it, the Fit is a better deal in the
long run.

Jeff
Cesar Zapata - 03 Mar 2007 03:38 GMT
> "CesarZapata" <cesar.zap...@gmail.com> wrote in message
>
[quoted text clipped - 51 lines]
>
> Jeff

thanks but I can only afford $5000 and I can't have car payments. I
already have a mortgage. So I've been checking some listings. for
example I saw one Honda Accord from 1999 with 100,000 with timeing
belt done at 90,000. also one owner and carfax looks good. my brother
thinks is mad expensive but kelly blue book says the price for it is
5400 and that is what the owner is selling it for.

I mean should I base the value on this based on the kelly blue book?
thanks
 
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