2005 Corolla with 252K for $6K?

Friend of mind bought one of the Dieselgate Jettas in perfect condition with low miles for $6,600 a few years ago when they were buying them back. They made the mistake of letting him drive it home before doing the reprogramming. They are still trying to get it back so they can screw up the MPG, kill the performance and make it a particulate trap eater. Someone offered his son $11,000 for it 30,000 mi later.
 
Yep, it is getting real crazy. I have a feeling it going to get worse before it gets better than it will probably crash.
Back in 2010 I bought a brand new Ford Focus for my Daughter for $2,000.00 more than the used price for a couple year old Focus with 100,000 miles
 
The pool of good used cars is diminishing and the pool of poor used cars has benefited as uninformed buyers spend.

The 2005 Corolla is what I would call a good used car, but at what cost might depend on seller being retail location, I don't think a private-party seller is going to be able to get ~$6k unless maintenance records and condition are near perfect, but having a retail location can avail the seller to the higher asking price.

I've seen one car lot buy whole-sale from another and mark the price up ~$6k on a similar example, though less mileage, that was the same generation Pontiac Vibe (same Toyota 1.8 drive-train), that was about 2 years ago, this dealer is always way high on prices as they are probably the one that advertise hand picked trade ins, if I recall correctly. Another high price dealer advertises cars from the south implying they are rust free, which is a buyer beware, some of their cars are not southerners...As I seen another dealer advertise rust free on 2 4Runners that had rusty frames but if you just looked at the body it wasn't apparent.
 
Back
Top Bottom