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Buying New vs. Used Vehicles

121 messages,  Last post on Apr 01, 2009 at 5:26 AM

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What is this discussion about? Car Buying


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#102 of 121
Re: FYI for jeffparker... [colloquor] by isellhondas
Jan 07, 2008 (6:25 am)
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Replying to: colloquor (Jan 07, 2008 6:16 am)

Except...
 
There is risk involved in selling your own used cars.
 
Some people feel uncomfortable having strangers come to their door.
 
Also in states that allow a sales tax credit on the value of the trade in, it just might not be worth the time and trouble.
#103 of 121
Re: FYI for jeffparker... [colloquor] by jeffparker
Jan 07, 2008 (9:05 am)
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Replying to: colloquor (Jan 07, 2008 6:16 am)

Thanks colloquor! That's what I plan on doing. I will sift through the phone calls/emails and try to get the most desirable person to deal with. I'll probably set up meetings/test drives a mile or 2 from where I live so that I don't have to have strangers coming to my door step.
 
BTW, I have already sold a car this way in the past - about 2 years ago - sold a used Corolla to a very nice young couple. Went about as smoothly as you could imagine.
#104 of 121
Re: Buy 06/07 Lexus GS or continue to spend on 99 Passat? [exb0] by jeffparker
Jan 07, 2008 (9:16 am)
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Replying to: exb0 (Jan 06, 2008 8:57 am)

Okay ..... I'm now about 90% sure that I'm going to fork over the $2000 and get my POS VW fixed and keep my fingers crossed that nothing happens over the next 3-5 years. I've been wrestling with this whole idea of buying an 06/07 Lexus GS for 38k vs. keeing my POS....... At this point, I'm not exactly salivating at the thought of coming up with 38k....
 
Quite honestly, the POS is a nice looking car and looks pretty sporty for a 1999 sedan.
#105 of 121
Re: FYI for jeffparker... [jeffparker] by xrunner2
Jan 07, 2008 (12:39 pm)
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Replying to: jeffparker (Jan 07, 2008 9:05 am)

That's what I plan on doing. I will sift through the phone calls/emails and try to get the most desirable person to deal with. I'll probably set up meetings/test drives a mile or 2 from where I live so that I don't have to have strangers coming to my door step
 
I have sold many cars in the past (most recent last Sept) in private sale from my house. I "always" go over everything about the car, features as well as warts and problems, with the potential buyers and the ultimate buyer. I can sleep well knowing that I have provided full disclosure.
#106 of 121
Re: FYI for jeffparker... [xrunner2] by isellhondas
Jan 07, 2008 (1:25 pm)
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Replying to: xrunner2 (Jan 07, 2008 12:39 pm)

I know a guy who sold an Oldsmobile years ago. The car was, as I recall about 8 years old and the seller was totally upfront. He thought it was in great shape but he still pointed out a couple of minor things.
 
Two months later, the transmission went out. The buyer took the seller to Small Claims court and the judge made him split the cost of a rebuild!
 
Of course, this was California and no doubt one of Jerry Brown's appointees.
#107 of 121
Re: FYI for jeffparker... [isellhondas] by xrunner2
Jan 07, 2008 (1:36 pm)
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Replying to: isellhondas (Jan 07, 2008 1:25 pm)

Two months later, the transmission went out. The buyer took the seller to Small Claims court and the judge made him split the cost of a rebuild!
 
Maybe I have been lucky and/or the cars I sell don't have anything major until years down the road. I always use a form that the buyer has to sign stating that he is buying the car "AS IS" with no warranties or guarantees.
#108 of 121
Re: Buy 06/07 Lexus GS or continue to spend on 99 Passat? [jeffparker] by wlbrown9
Jan 07, 2008 (2:43 pm)
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Replying to: jeffparker (Jan 07, 2008 9:16 am)

Well, if your are set on those 2 options....but for mid 20s to low 30s you could get a number of new (with factory warranty) CUVs, SUVs or sedans...not the Lexus GS you are looking at, but you could pick up something new and even get a factory backed extended warranty for less than the 38K you were talking about. If you can afford to go the 38K for the Lexus, you could afford to fix up the VW a couple of times over 3-5 year and not be any worse off moneywise. Thinking about it, would the Lexus be covered under warranty for the next 3-5 years? If not, then there is the possibility of some repairs on that, probably not as high a probability as the VW, but out of warranty Lexus repairs might not be fun either.
 
Good luck on whatever you decide.
#111 of 121
Cash for Clunkers rebate by m_thrizzle
Mar 25, 2009 (12:05 pm)
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I live in California, which is considering passing a law to offer up to $5k for a clunker over 8 years old. Has anyone heard the latest news about this bill and details on it? I wonder if there will be a clause that states how long you must have owned the car before being able to use it for the rebate.
 
I'm curious about this bill because I've been looking to buy a newish used car (06-08) but if this goes through, I think it would make it worth it to buy a new car instead. My '96 Accord is worth ~$3k private party, so if possible, I'd rather buy a real clunker for <$1000 and use that for clunker money, and also sell my Accord.

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