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Used Vehicles Best Values

948 messages,  Last post on Aug 11, 2009 at 11:51 AM

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What is this discussion about? Car Buying, Car Values, Certified Used (CPO)


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#933 of 948
Re: Looking for a used car for my daughter [qbrozen] by fezo
Jun 26, 2009 (12:32 pm)
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Replying to: qbrozen (Jun 26, 2009 10:38 am)

Unless you are talking about a Sebring convertible I don't think there's any case to be made for a Sebring. There's one thing to be said for a Sebring convertible - the top comes down. Actually if you can find one of those cheap they're OK for what they are because they are pretty much their own market.
 
I have a soon to be licensed driver who I may be buying for. Right now my plan is for her and I to split two cars - our Ody van and my Celica convertible. If I could find a cheap Mazda 3 or some such thing maybe I'll yield...
#934 of 948
Re: Looking for a used car for my daughter [steff1] by morin2
Jun 26, 2009 (5:05 pm)
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Replying to: steff1 (Jun 25, 2009 6:53 pm)

Can't recommend a Sebring. There are more great used cars to choose from than ever before. I'm partial to subarus. An Impreza would be more responsible for a new driver than the WRX - which it resembles. A used Corolla or Camry would be a good choice but not sporty. How about a Vibe/Matrix? - its basically a sporty Corolla wagon... I think a Malibu Maxx, a car you rarely see recommended, could be a darkhorse bargain candidate - if it has been fully checked out by a mechanic and is cheap enough. There are many others and as always, condition is everything, so get a carfax and bring it to your mechanic.
#935 of 948
How to Buy a CPO car? by soylentgreen
Jul 03, 2009 (9:33 am)
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Unlike buying new cars, how would you find out if the dealer's price for a CPO car is just right and is not inflated? For new cars, there's Edmunds to find out the TMV and a bunch of other sites where you could find out the invoice price.
 
How about for used cars? Besides KBB, how and where would you start negotiation? It would be impossible to compare the same models because the trim level is not always disclosed.
 
As an example, we're trying to buy a 08 RX350 CPO starting at 31,999. To start, should I undercut this price by 3K?
#936 of 948
Re: How to Buy a CPO car? [soylentgreen] by morin2
Jul 03, 2009 (8:30 pm)
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Replying to: soylentgreen (Jul 03, 2009 9:33 am)

Do you realize there's $5000 marketing support on the new 09 RX350? People are getting into these brand new for under $30K. This is one of those cases where it makes no sense to buy used. In addition, the interest rate will be lower on the new car than the used one.
 
If you offer 3K less than 32K for this used RX350, the salesman would set the hook and you would have paid about the same for a used vehicle as for a brand new one. The way people drive today and abuse their vehicles with jackrabbit starts and hard braking, used vehicles are only worth the risk if they are very cheap. Every used car cost the dealer something different and you have no idea what that is. Unless you are a professional negotiator by trade, you will be at a significant disadvantage. I would take 3 days minimum to negotiate for this car and would not pay more than 22-23K with the known risk of walking and allowing it to become a lot queen.
 
Are there no new ones around you? The incentives are listed as expiring 7/6/09 which is monday. There is no way of knowing if they will be extended. The salesmen don't know either, so the playing field is level.
#937 of 948
Re: How to Buy a CPO car? [morin2] by soylentgreen
Jul 05, 2009 (7:59 pm)
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Replying to: morin2 (Jul 03, 2009 8:30 pm)

No, I didn't know the new ones had a $5K adv support. Since I see a lot of those here in Dallas, I figured they didn't need the incentive to move them .Is that cash to dealer or cash to customer?
#938 of 948
Re: Looking for a used car for my daughter [steff1] by oldfarmer50
Jul 06, 2009 (7:15 am)
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Replying to: steff1 (Jun 25, 2009 6:53 pm)

"...used vehicle for my daughter. She wants something sporty...looking at Chrysler Sebrings (2004)..."
 
In considering the advice you receive here remember that when you say "sporty" to the mostly male members of this board, they think in terms of performance and handling, not looks. So a sporty car for guys might be pug ugly to your daughter.
 
I must admit a bias in favor of Chryslers. They do have a lot going for them in the looks department. Reliability is as good as any domestic and in my experience somewhat cheaper to fix.. I have owned several including a Cirrus which was later re-named Sebring in the four-door version.
 
For 2004 you have 3 Sebring choices. The sedan which is a newer version of my Cirrus. Reliable transportation. You also have the Sebring convertible which I don't think is sporty looking but young people like those drop tops. Finally you have the Sebring coupe which I think is the most sporty looking of the three. The coupe is based on the Mitsubishi Eclipse and most of the mechanical parts are identical.
 
None of the Sebrings is a "sports" car but should be able to provide safe, reliable transportation with good looks. Good luck shopping and please come back and tell us how everything goes.
#939 of 948
Re: Looking for a used car for my daughter [lilengineerboy] by igozoomzoom
Jul 06, 2009 (12:39 pm)
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Replying to: lilengineerboy (Jun 25, 2009 7:22 pm)

Sporty- how about a sporty 4-door like the Nissan Altima? A 2004-2005 could easily be found for under $9k. They look sharp and they're reliable.
 
For 2-doors, I'd look at the Honda Civic Coupe and Toyota Celica. Even a well-maintained 2002-2003 Acura RSX would be a very good choice.
#940 of 948
Re: How to Buy a CPO car? [soylentgreen] by morin2
Jul 06, 2009 (3:22 pm)
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Replying to: soylentgreen (Jul 05, 2009 7:59 pm)

http://www.edmunds.com/incentives
 
According to the Edmunds incentives page, the $5000 marketing support - cash to dealer, went from 6/02/09 through 7/06/09. There should be no problem finding a dealer passing this savings on to the buyer. Check again in a few days to see if this continues after the 7/06 date.
#941 of 948
First vehicle for 16 yr old male by elburn
Jul 09, 2009 (4:20 pm)
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Need to purchase a vehicle for my 16 yr old son. Unfortunately do not have a lot of money to do so--about 4K. What would you suggest? Purchase from private seller and stay away from dealers? I absolutely do not care if it is sporty--if fact prefer it not to be! Priority is on saftey and reliability. (of course this is from a mom)
#942 of 948
Re: First vehicle for 16 yr old male [elburn] by morin2
Jul 09, 2009 (5:16 pm)
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Replying to: elburn (Jul 09, 2009 4:20 pm)

Actually, paying less is the right way to go for your son's first car because you will be able to buy liability-only insurance for it. Full coverage is unaffordable for a new teenage boy, so you want a cheap, reliable and safe car. When my son was 17, 4 years ago, he got my '94 subaru legacy - which has been a great car and he is still driving it going into his last year of college. And it is still reliable enough with 153K miles on it that he just got home late last night from a 900 mile trip. I think its a mistake to give them the car - he paid me for it, and I have taught him to maintain it. The deal I made with my 16 year old daughter was that she would get a car if she got all A's her first 3 years of HS - which she did, so I gave her my 2002 Chevy Prizm. In hindsight, that may have been a mistake, because, having cost her nothing, she does not value it and treats it poorly.
 
Many will tell you to get a corolla or civic and i will say that those models are in too much demand to be worth the inflated used car prices. The condition is more important than the label. Have it fully checked out by a mechanic - best $50 to $100 that you will invest before getting down to negotiations. Don't fall in love with any used car for sale. I am subaru-biased, but I think a subaru impreza with the 2.2 engine only is a great used car buy. It has the AWD for safety - many kids crash in single car accidents when they lose control - so control is most important (that is why the very worst vehicle for a new driver is a small pickup truck). Look for a 99-01 Impreza with the 2.2 only. Mazda protege and Chevy Prizm (same car as the Corolla but cheaper) of same years. Even a well cared-for Chevy Lumina, saturn SL-2, Volvo 240, 740, 940 - if you have it fully checked out. If you have a regular mechanic, talk to him - some mechanics have excellent used cars for sale or can recommend one. If you don't have a regular mechanic, I have had great luck with this site (my son found a wonderful mechanic 2 miles from his college using this site:
 
http://www.cartalk.com/content/mechx/

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