Author Topic: Purchase of new car  (Read 1519 times)

MrSal

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Purchase of new car
« on: December 08, 2016, 11:40:49 AM »
So I sold my Civic 2001 EX for way more than I would ever imagined (almost 4000 dollars). I purchased this about 18 months ago for about 2800 dollars at the time.

So I have a few opportunities in mind of upgrading to Accord/Civic of 2006/2007 with around 100k miles.

I just saw an 06 Accord with 100k miles, looks immaculate. However it has an L title/manufacturer buyback. The reason for the buyback it states the Brakes were shimmy. This was at around the 25k miles mark.

I can probably get this one for 3500 dollars. Do you think its a good deal or the L title is a no no? If the brakes were shimmy I dont see it as a big issue... I doubt it is still like that (havent test driven it yet) but even if it is I assume a change of rotors would be enough to tackle this no?

All other cars i am eyeing are the same - Accords - around the same years 06-07 but with more miles (140ish ) for around 4500 .

There is another at a dealership as a trade-in with 91k miles, the higher end trim (more luxurious) but they are asking 5300 dollars however its spitting a 02 sensor code/catalytic converter and the tires may need changed soon. With fees and everything I am looking at 6000 most likely...

What would u guys see as the better deal?

Dave1442397

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Re: Purchase of new car
« Reply #1 on: December 08, 2016, 04:30:35 PM »
I wouldn't worry about the L title if you're going to keep the car a long time. And, as you said, if it happened back at 25k miles, I'm sure it's no longer an issue. If you put another 100k miles on it, no buyer is going to care about the L title at that point.

Do check with your insurance company before buying it though, just in case they have any issues covering an L title car.
« Last Edit: December 09, 2016, 12:12:33 PM by Dave1442397 »

Cwadda

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Re: Purchase of new car
« Reply #2 on: December 09, 2016, 11:35:28 AM »
Saw purchase of a new car and gasped. Then I clicked the thread and saw you were really buying a new used car.

Clickbaited and was not disappointed :)