My car was totaled out in an accident this week. Other drivers' fault, but his insurance is only giving me a rental car for a week so I have to move somewhat quick. I would like to get a decent cash car (80K-100K mileage) that I wouldn't have to make payments on. Either that or I would like to finance relatively recent Certified Preowned car that would at least come with a warranty. Conservatively, I'd probably be borrowing at 3-3.5%.
I have looked at the following vehicles thus far:
2008 Honda Civic Sedan - 84K miles - $2500-$3500 (no sticker price, the salesman vaguely offered "If I could get it out the door for $2500 would you take it?" I'm not sure how much of a guarantee that is)
2002 Hyundai Sonata - 36K miles - ~$5000 out the door (Internet price is $3991)
2005 Acura - 120K miles - no price offered by the salesman, but he seemed to think it'd be in my ballpark, and I liked the looks of it Seems like it might be a nice splurge. How are maintenance costs on Acuras?
2013 Corrolla - 100K miles - Sticker price is $9.9K, and it'd be about $12.1 out the door
2015 Corolla LE - Certified, free service and warranty - Sticker price is $12.9, it'd be ~$15 out the door
2000 Mercedes-Benz CLK Convertible -- 82K miles, Sticker price is $5.9K. Please someone convince me that this is a terrible idea before I go against all good judgement and buy this car.
Any there any other archetypes I should be looking at? I tend for feel like well made cash-cars and newer used vehicles represent the best values areoung.
As for what I feel strongly about, the Civic seems to me like the best compromise provided that the salesman is actually willing to get it out the door at less that 4 or 5K. I was kind of in a rush when I was at that dealership so I didn't really want to press the guy. I haven't seen a Carfax on that model either.
The 2002 Hyundai looks like a great deal -- only 36K miles, around $5000. It has a clean looking Carfax: 2 owners, no accidents and regular maintenance performed. I'm not entirely sure if Hyundais made during that era were really any good or particularly reliable. I know they've gotten better in the last 10-15 years, but at that price I want something that will at least get to 125K miles without a lot of hassle.
The newer model Corollas are pretty interesting, and getting a car made in the last few years is pretty tempting. But having to make car payments sucks, and Corollas seem to be well-built enough that you don't need a recent model to get reliability. It'd be nice to have something that's new enough for me to do a little Ubering on the side.....though I'm not sure if Uber is really profitable enough to justify paying $160-$200 per month on a car.
I have looked at the following vehicles thus far:
2008 Honda Civic Sedan - 84K miles - $2500-$3500 (no sticker price, the salesman vaguely offered "If I could get it out the door for $2500 would you take it?" I'm not sure how much of a guarantee that is)
2002 Hyundai Sonata - 36K miles - ~$5000 out the door (Internet price is $3991)
2005 Acura - 120K miles - no price offered by the salesman, but he seemed to think it'd be in my ballpark, and I liked the looks of it Seems like it might be a nice splurge. How are maintenance costs on Acuras?
2013 Corrolla - 100K miles - Sticker price is $9.9K, and it'd be about $12.1 out the door
2015 Corolla LE - Certified, free service and warranty - Sticker price is $12.9, it'd be ~$15 out the door
2000 Mercedes-Benz CLK Convertible -- 82K miles, Sticker price is $5.9K. Please someone convince me that this is a terrible idea before I go against all good judgement and buy this car.
Any there any other archetypes I should be looking at? I tend for feel like well made cash-cars and newer used vehicles represent the best values areoung.
As for what I feel strongly about, the Civic seems to me like the best compromise provided that the salesman is actually willing to get it out the door at less that 4 or 5K. I was kind of in a rush when I was at that dealership so I didn't really want to press the guy. I haven't seen a Carfax on that model either.
The 2002 Hyundai looks like a great deal -- only 36K miles, around $5000. It has a clean looking Carfax: 2 owners, no accidents and regular maintenance performed. I'm not entirely sure if Hyundais made during that era were really any good or particularly reliable. I know they've gotten better in the last 10-15 years, but at that price I want something that will at least get to 125K miles without a lot of hassle.
The newer model Corollas are pretty interesting, and getting a car made in the last few years is pretty tempting. But having to make car payments sucks, and Corollas seem to be well-built enough that you don't need a recent model to get reliability. It'd be nice to have something that's new enough for me to do a little Ubering on the side.....though I'm not sure if Uber is really profitable enough to justify paying $160-$200 per month on a car.