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Should I Buy 02 Sequoia Limited 78k Miles?

8 messages,  Last post on Dec 22, 2007 at 3:38 PM

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#1 of 8 Should I Buy 02 Sequoia Limited 78k Miles? by marshur Dec 04, 2007 (6:05 am)
I am wanting this 02 Sequoia Limited. But it has 78K miles. I would be financing it for 6 years. Is this too many miles, or should it last? Price is 17,000.00. Also, should I purchase an extended warranty, and through where, dealership, or online? Replies to this message: nedzel (Dec 04, 2007 9:27 am) gagrice (Dec 04, 2007 8:05 pm) nedzel (Dec 06, 2007 7:38 am) abbylou (Dec 06, 2007 10:02 am)
#2 of 8 Re: Should I Buy 02 Sequoia Limited 78k Miles? [marshur] by nedzel Dec 04, 2007 (9:27 am)
Replying to: marshur (Dec 04, 2007 6:05 am) I'm sorry, but financing a 6 year-old car for 6 years is a really bad idea. And if you are stretched financially, you really must get a vehicle that will be more fuel efficient than a full-size SUV that will get less than 15 mpg when gas costs $3/gallon. Replies to this message: gagrice (Dec 04, 2007 8:05 pm) nedzel (Dec 06, 2007 7:38 am)
#3 of 8 Re: Should I Buy 02 Sequoia Limited 78k Miles? [nedzel] by gagrice Dec 04, 2007 (8:05 pm)
Replying to: nedzel (Dec 04, 2007 9:27 am) That is good advice. Financing a vehicle that old for that long is just asking for problems. As pointed out. No matter how light footed you are that beast is going to get 15 MPG. I am surprised that any legitimate lending institution would go that many years on a used vehicle. This is not some dealer financing is it? Is it a Certified Sequoia from a Toyota dealer? Replies to this message: nedzel (Dec 06, 2007 7:38 am)
#4 of 8 Re: Should I Buy 02 Sequoia Limited 78k Miles? [gagrice] by nedzel Dec 06, 2007 (7:38 am)
Replying to: gagrice (Dec 04, 2007 8:05 pm) "That is good advice. Financing a vehicle that old for that long is just asking for problems."   Actually, I think it is asking for financial ruin. All it takes is for the truck to need a big repair that the owner can't afford (e.g., the transmission goes). Then the owner still has to make payments for years on a vehicle that isn't drivable and that they can't afford to fix. And now, of course, they can't afford to buy a replacement vehicle. And they are probably upside down on the auto loan -- that is, they owe more on the truck than it is worth. So they can't even afford to sell the vehicle. At that point, they are staring bankruptcy in the face. And it is all so predictable and avoidable.   Furthermore, I bet the interest rate being offered on a six year loan for a six year old truck is truly outrageous as well.   If you are going to spend $17,000 on a vehicle, financed over six years, buy a new (or one or two year old) subcompact car.
#5 of 8 Re: Should I Buy 02 Sequoia Limited 78k Miles? [marshur] by abbylou Dec 06, 2007 (10:02 am)
Replying to: marshur (Dec 04, 2007 6:05 am) As for your question on should it last? Yes it will, providing the original owner/(s) have maintained it per the recommended maint schedule. If you don't know and/or it is not certified, I would walk away.   I also agree with previous posts that financing a 6 yr old car is a bad idea with lots of implications as stated. Getting in over your head is a long term nightmare as far as I am concerned. if you can only afford a 6 yr old car with 6 yrs of payments, you will not be able to afford the gas either. My 07 is getting (4x4) approx 14.5-17 mpg at best.
#6 of 8 d by trebor129 Dec 13, 2007 (10:19 am)
If you have to finance a new car for more than 3 years, you cannot afford it and should look for a lower cost car. A used car really should not be financed more than 2 years. The way the payments work out it is clear than 4 and 5 year financing is a bad deal. I never even heard of a 6 year finance on a new car, let alone a used car.
#7 of 8 Dang! by healthnut Dec 13, 2007 (12:22 pm)
I hope it isn't my 2002 Sequoia I sold to a dealer in Delware and went to dealer auction 3-4 months ago... that thing had all kind of hacked up electrical problems do to being pimped out.... It would die after 2 days of sitting. that was about the same miles too... good luck with that!
#8 of 8 01' Seq. 2nd row Bucket Seating by morgan12 Dec 22, 2007 (3:38 pm)
Anyone have any advice on an easy way to do this? Maybe from another year Seq or Sienna? Need it done for kids access to 3rd row.

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