What do you think about buying this used car? 1990 Grand Prix?
Question by Bill: What do you think about buying this used car? 1990 Grand Prix?
I am capable of buyng a new and/or late model car, but after years of financial education I have learned it is smarter to pay cash for a quality used, cheap car.
I found a 1990 Grand Prix with the 3.1 V6 at a local big-name Toyota dealer, on their used car lot. Usually a dealer will not sell such an old car on their lot, but this car is immaculate. 70,000 miles, and the leather interior looks brand new. All options work (cruise, a/c, etc) and the power windows have strong motors in them. The car is one-owner and car-fax certified. Prev. owner put new struts in it before he traded it in. The dealer did some preventative maintenance, and this is where I have my questions. Of course it’s used so it will need something, the dealer replaced the oil pump, water pump, trans pan gasket, and rear brakes. Being a big name celebrity owned dealership, they said they liked the car enough not to auction it, but put a little work in it and sell it.
The private party book on the car is $ 2400 in excellent shape. They are asking $ 3800, I haggeled them down to $ 3000 and said I would sleep on it. I am hoping they call back with a better offer. They want over book because they put the work into it, and said that such an exceptionally clean 20 yo car is worth a bit over book, as book is a “guideline”.
I like the car, but I don’t want to make an “emotional” purchase. I’ve owned 3 early 90′s GM cars in the past and they were pretty good to me, especially the older style 3.1 V6.
Good car, or pass?
Best answer:
Answer by drewdjm
i would buy it
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