Question:
Owner wants cash when I purchase it.
Answers:
how much would gift taxes be if I bought my granddaughter a $28000 car?
Judging by the market right now, it's a good deal. I see hundreds of these come through sales each week selling for $17-20,000, sometimes more. And these are rental repurchases with teen miles on them.Any tips on finding a cheap car?
Now, with it being a standard, you can cut the value back $1000-1500. The book may say less hit for the standard, but retailers will tell you, it's at LEAST a $1000 hit.
That being said, it still sounds like a good deal. Just make sure you have the complete history of the vehicle. Carfax is good, but some states don't report to Carfax very regularly, so its validity varies from state to state. As mentioned, you can always have it inspected. If it's got a clear title, and not a Lemon Law car (and beware, there are numerous names for lemon law vehicles), then just have it inspected by a body shop. With so few a miles on it, mechanical won't be an issue plus it's under warranty. But, an accident will be a large depreciating factor and any good body shop guy can find indicators it might have been wrecked.
Yes and no. Take it to a mechanic and have it checked out. Paying cash is not really a good idea. Does he offer a garentee with the car. Does it drive well?
Have a mechanic check it out first. If he says no, he is trying to hide something and I would walk away.
Hope this answers your question.
Does anyone feel that paying sticker price for a car is UNFAIR?
If it has good options on the car it looks OK. look at the info here http://autos.msn.com/research/vip/overvi...Sounds like it's a great deal, if the car has a clean history. For that price, make sure the car has not had any collision damage.
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