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Money and Finances
Reply to "Buying a car with cash"
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[quote=Anonymous]I grew up in a family of mechanics. Trust me, it's all downhill with your current car. You should have had A LOT of maintenance completed at 150k miles. On top of that, have you had your suspension replaced? Is your rear valve cover losing oil yet? Stab links still strong? CV boots not torn? Transmission flushed? If I were you, I would look selling your car privately. 16 years and over 150k miles means most dealerships won't give you more than $3k because they can't sell it. Banks don't like giving loans for that combination so the dealership is going to wholesale it at auction. So, sell it yourself. Take that money and maybe another $8-$10k so you'll have probably $13k-15k to buy a car with. It won't be new, but it will be significantly newer. When I buy at a dealership I tell them what price it needs to be including taxes and tagging. You can work down the original price and once you throw that in, it goes down another $1k or so at the price, depending on tax rate. [/quote]
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