Buy Here Pay Here Dealer

[El Jefe]

Originally Posted by hometeam

cash for clunkers destroyed the bottom end of the used car market, it drove up prices from the low end up.

This is my business day in and day out, that 1500 dollar car is gonna be a big POS in MOST CASES.

That being said I'm driving a 225k mile civic every day that I bought a couple years back for 1800 bucks.

YMMV.

I agree 100%, I have bought many cars in my young life, and in this economy you will be lucky to be able to find a running car for a thousand bucks. Jason, I hear what you're saying and I believe you, but in my area that is highly unlikely. I go to auctions and check CL and the paper, you will only find a solid car for a thousand bucks if you are in the right place at the right time. I have bought to cars for under a grand, they needed many repairs.

[Bugeater]

Originally Posted by El Jefe

I agree 100%, I have bought many cars in my young life, and in this economy you will be lucky to be able to find a running car for a thousand bucks. Jason, I hear what you're saying and I believe you, but in my area that is highly unlikely. I go to auctions and check CL and the paper, you will only find a solid car for a thousand bucks if you are in the right place at the right time. I have bought to cars for under a grand, they needed many repairs.

Yep, a while back I was looking at $1000 cars for my son. Out of the 20-25 I looked at, I only saw one that I would even consider letting him park in front of my house. They were that bad. You pretty much have to get up to at least the $2000 range for something decent.

[SAUTO]

Originally Posted by El Jefe

I agree 100%, I have bought many cars in my young life, and in this economy you will be lucky to be able to find a running car for a thousand bucks. Jason, I hear what you're saying and I believe you, but in my area that is highly unlikely. I go to auctions and check CL and the paper, you will only find a solid car for a thousand bucks if you are in the right place at the right time. I have bought to cars for under a grand, they needed many repairs.

Auctions are the problem...

Can't believe you aren't getting the same/BETTER deals with the nature of your business
Posted via Mobile Device

[El Jefe]

Originally Posted by JASONSAUTO

Auctions are the problem...

Can't believe you aren't getting the same/BETTER deals with the nature of your business
Posted via Mobile Device

Yeah auctions are a big issue, but the car market is saturated with junk that people think is worth something. Two years ago I bought a Supercharged 97 Riviera with a bad transmission for $400. I was thrilled, I figured I would have $500 or $600 into it (total of a grand) and sell it for 1500. Needless to say I have almost 3 grand into it now, and I will keep it until I get my moneys worth. Everyone in this area thinks that even though they car is broken that they can get top dollar, and a lot of idiots are paying high numbers on Craigs List. I had a chance to buy a 97 Jeep Grand Cherokee yesterday, it had 150K miles on it, it needed a cat. converter, transmission had internal issues, the tires were shot, and both pinion seals were leaking. That right there is $1200 at least (my cost), I figured if I could get the car for $500 I would still have some meat left. She tells me she has done some looking and has found cars like hers selling for $2500-$3000.00, I said, I believe that if they are in good running order which yours isn't. So I asked her again how much she wanted and she says "I won't take a dime under $1500". I told her that we were worlds apart, and that I would buy it for $500, she said that it was worth "at least $1500". Sometimes these interactions remind me of Pawn Stars, how people come in and want triple the value of their items (sometimes junk).

[mdstu]

Originally Posted by El Jefe

I agree 100%, I have bought many cars in my young life, and in this economy you will be lucky to be able to find a running car for a thousand bucks. Jason, I hear what you're saying and I believe you, but in my area that is highly unlikely. I go to auctions and check CL and the paper, you will only find a solid car for a thousand bucks if you are in the right place at the right time. I have bought to cars for under a grand, they needed many repairs.

Same here in Cincinnati. I spent the last three years trying to upgrade my two POS cars. Its definitely been a sellers market since the "cash for clunkers" program. If it's less than 20 y/o, less than 200k mileage, and runs, $2000 probably won't cut it.