Quote:
Originally Posted by motion
My son is looking for a good Honda, Toyota, Kia, Neon, etc. first car. Cruising local Craigslist ads is really depressing and foreboding. Looking for an honest deal on a good car. No trucks, SUVs, etc. I know its a long shot, but just putting it out there. He's worked hard and saved his money, and we're trying to find a good car from a known seller.
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I do TONS of these cars. It's not glamorous, but my ROI % is better than expensive cars, the risk is near zero, and I can turn them very quickly.
Buyers are illogically sensitive to miles. You'll see sub-100K mile cars bringing the moon, and over 150K versions of the same car bringing one-third less. In reality, either car could be good or bad. They're more than 10 years old either way, so it's just about condition and what has been replaced when.
I buy them broken for distressed prices, fix EVERYTHING professionally, then resell them for about KBB Private Party within a couple days of listing them. Anything in MN under $3000 is a $10 flat tax. Anything over is 6.5%. So a $2999 car is $10 and a $3000 car is $195. Therefore, most every car I sell is $2999, firm, no negotiating. Like popcorn.
Good luck in your search, let me know if I can help