2003 Camry
kinosh
10-24-2010, 07:41 PM
What do ya'll think of a 2003 camry SE with 188,000 miles, in excellent mechanical condition with the exception of a failing steering rack. Would you buy it for 1,700?
Ray paulsen
10-27-2010, 06:27 AM
I will give you my philosophy on buying a vehicle in this price range.
The average car being from 2 to 6 model years old with average miles and good condition depreciate at a rate of approximately $2500.annually " luxury cars have a much higher depreciation factor "
That tells me, if I could locate a car for under $2500. that will have no issues beyond a year of driving, my investment will have been secured.
Model year - miles - type of vehicle - options - consumer reports etc takes a back seat, present condition is all that matters.
So, yes I would consider buying the Camry even with the scary number "188 " if it passes my criteria, test drive http://www.usedcartips.org/TESTDRI.html if car still of interest after the test drive an independent complete mechanical inspection http://www.usedcartips.org/MECHANI.html , the last step will be the negotiation process.
The average car being from 2 to 6 model years old with average miles and good condition depreciate at a rate of approximately $2500.annually " luxury cars have a much higher depreciation factor "
That tells me, if I could locate a car for under $2500. that will have no issues beyond a year of driving, my investment will have been secured.
Model year - miles - type of vehicle - options - consumer reports etc takes a back seat, present condition is all that matters.
So, yes I would consider buying the Camry even with the scary number "188 " if it passes my criteria, test drive http://www.usedcartips.org/TESTDRI.html if car still of interest after the test drive an independent complete mechanical inspection http://www.usedcartips.org/MECHANI.html , the last step will be the negotiation process.
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