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Supply chain problems related to the pandemic have driven up used car prices sharply in recent years. According to CarGurus.com, used car prices have increased an average of 44% since 2019.
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In used cars at the lower end of the price scale, the impact of supply chain issues is even greater.
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“It’s hard to find good stuff now, and the prices are so high,” says Mark Scruggs, an independent dealer in Phoenix who buys 10 to 15 cars a week. “I’m looking at a piece of junk with 150,000 miles on it going for three grand. After the dealer restores the car, it’ll go for $5,000 or more.”
Every extra $1,000 in your budget will allow you to buy a new car with fewer miles on it.
Fong Lee, CEO of used car website iSeeCars, says shopping is much easier if you spend time researching the car online before physically inspecting it.
The search filter on iSeeCars, for example, can customize results not only by make and model, but also by listing with the most recent prices or by the age of the vehicles. Other car buying apps and websites allow you to filter from used cars or online-only retailers.
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On a budget, you’re looking at a car that’s at least 10 years old and has at least 100,000 miles. While that seems like a lot of miles, Scruggs says that in the past, if “a car went 100,000 miles, it was done. Now, you don’t change spark plugs at 100,000 miles.”
However, with a car of this age and wear and tear, chances are you will be its eventual owner. A car’s resale value is less important than its history. With that in mind, try these filters on your favorite car shopping app:
Your goal is a low mileage, one owner, accident free vehicle that you can afford. If he has a vehicle history report showing maintenance records, even better.
The cars that look may not be stylish, efficient or flashy, and they may not be the cars you want – but someone kept them running and saw no reason to throw them away.
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By carefully filtering your search queries from the used car inventory at the dealership, you can find what you need on the spot. Increasingly, vehicle history reports, such as CarFax reports, are appearing on dealer websites as well as car-buying apps.
Craigslist and Facebook Marketplace are good options for finding cheap local cars, but they are also exempt from many of the laws and protections that govern physical sales. Listings are unlikely to include a vehicle history report, for example, or include the 17-digit Vehicle Identification Number, or VIN, you must drive. There is also some recourse if you have been defrauded.
Additionally, cars sold by private individuals have not been inspected and repaired. A dealer might throw new (but cheaper) tires on an old car; A private seller cannot. If you plan to buy from a private individual, budget $100 to $200 for an inspection.
Mark Holtgoff, community manager of a used-car enthusiast site called Klipnik.com, says that if you address minor cosmetic flaws, such as faded paint, that lower the price but don’t affect it, you’ll get more bang for your buck. Mechanical operation. .
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However, Scroogs warns of the “Toyota or Honda tax” – the premium imposed on these big Japanese brands because of their prestige – which clouds the value proposition of buying a cheaper car.
Be open to more affordable Japanese brands like Mazda, Nissan or Mitsubishi, or even American cars. Scruggs says his auction experience has shown him that for the same money you can buy a five-year-old American car with fewer miles than a comparable Honda or Toyota.
Ten years from now, the question of who owned the car is more important than who built it. Property records can tell you a lot, but so can a personal inspection. “If there are hamburger wrappers inside, the oil probably hasn’t been changed,” says Scruggs.
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Sign up and we’ll send you the money articles that matter most to you, as well as other ways to help you get more out of your money. You may find it hard to believe given the legendary status of this midsize pickup truck, but there was a time before the Toyota Tacoma. First appearing on the scene in 1995, it comes from a long line of great Toyota pickups. The Japanese automaker decided to give the truck a name when it came time for a complete redesign, and the Tacoma was born. But its predecessors are also signs.
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The Toyota Pickup (yes, that was its name) dates back to 1968 and was sold under that name in the United States before the Tacoma. It was around this time that Toyota decided to officially split its mid-size truck offering into two brands: Tacoma and Hilux, the latter intended for overseas markets. With all that explained, many of us still remember the Tacoma’s direct predecessor, the fifth-generation Toyota pickup.
Introduced in 1988, this truck had an extended wheelbase alongside the regular wheelbase to attract more buyers. Remember, the full-size tundra doesn’t exist yet. Toyota also eliminated the fourth-generation one-piece cargo box because its joints were prone to corrosion. Due to the truck’s international market, a number of engines were offered. They ranged from a tiny 1.8-liter inline-four with just 78 horsepower to a 3.0-liter V6 with 150 hp. And also a 3.0-liter V6 diesel with 90 hp. and 139 lb-ft of torque.
In early 1991, production began in the United States at Toyota’s NUMMI manufacturing facility in Fremont, California. Car Nerd Brief: Toyota, jointly owned by GM, closed the plant in 2010. It reopened later that year under new ownership, Tesla. It is still very busy today. Toyota’s North American pickup trucks were built in Fremont until Tacoma, which is now built in San Antonio, Texas.
The fifth-generation Toyota pickup quickly became popular, with Volkswagen also interested. how? It was produced for Germany and other parts of Europe from 1989 to 1997 and was renamed Tarot. In addition to the Fremont, Toyota also produced the truck in Colombia for the South American market, where it was available with various engines and cab and bed configurations. Here in the US, the V6 variant of the Xtracab SR5 won Motor Trend’s prestigious Truck of the Year award in 1988.
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The Tacoma came out in 1995 and is still with us. Used tacos are also extremely popular and sometimes sell for shockingly high prices. In fact, Toyota dealerships sell them quickly within days of trade-in. While fifth-generation pickups are still around, they’re a little harder to come by because of their age, but they usually age very well with proper care.
This example, currently for sale on Craigslist in Portland, Oregon, is one of the best we’ve seen so far. Asking price: About $25,000. You read that right. This 1993 Toyota SR5 3.0L V6 4WD Extra Cab had only one owner with a total of 132,213 miles. Despite this, it is in the showroom. The paint is original as is the glass and chrome trim. internal? Recently serviced immaculately including new spark plugs, wires, points, cap, rotor, oil change and A/C charge. The automatic transmission has no noticeable issues and all of its extras, including the power sunroof, work perfectly. Equipped with a tow package with receiver and cover, the seller also added new BFG tires.
Considering how quickly vintage trucks, especially Toyotas, have risen in value recently, a hefty investment of $25 doesn’t really seem unreasonable. A unique collection of cars with exciting histories for sale in Texas.
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