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Old 07-25-2008, 12:39 AM   #1
jmcomp124
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Default Is this a good deal on 2005 Prius?

Has 27K miles, very good condition, note that it is Portland, OR, I think it is a base model and the kbb value of $23K puzzles me. I am buying it for $19.5K.
Good deal? Big Mistake? Sounds about right?
Your opinions please.
Thanks!
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Old 07-25-2008, 12:58 AM   #2
Godiva
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Default Re: Is this a good deal on 2005 Prius?

Have you seen it? Maybe it has body damage.

Have you done a carfax report on it? Maybe it's been in an accident. Or has a salvage title.

Or it could be a very good deal and the seller just wants cash fast.

You'll have to do some more homework.
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Old 07-25-2008, 09:36 AM   #3
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Default Re: Is this a good deal on 2005 Prius?

Quote:
Originally Posted by Godiva View Post
Have you seen it? Maybe it has body damage.

Have you done a carfax report on it? Maybe it's been in an accident. Or has a salvage title.

Or it could be a very good deal and the seller just wants cash fast.

You'll have to do some more homework.
I saw the car and I did run autocheck. No accidents and it is has clean title. I believe it is just that the seller wants cash fast. Where would be a good place to do a multi-point diagnosis and overall checkup?
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Old 07-25-2008, 11:35 AM   #4
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Default Re: Is this a good deal on 2005 Prius?

Usually a Toyota dealer...

make certain no hurricane or midwest flood damage...
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Old 07-25-2008, 01:04 PM   #5
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Default Re: Is this a good deal on 2005 Prius?

What do I know? I just talked with someone buying a repo'd 2005 with over 90k miles for ... get this ... $12,500. Even with that high mileage it sounds too good to be true in today's market. FYI - The car was running just fine when the bank took it back too.
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Old 07-25-2008, 01:11 PM   #6
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Default Re: Is this a good deal on 2005 Prius?

Quote:
Originally Posted by inventor00 View Post
Usually a Toyota dealer...

make certain no hurricane or midwest flood damage...
Wouldn't autocheck report that?
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Old 07-25-2008, 01:26 PM   #7
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Default Re: Is this a good deal on 2005 Prius?

CarFax and Autocheck can miss a lot of important things. Some people have accidents and don't notify the insurance company. Some states don't report to CarFax and Autocheck.

Still, a buyer should check at least one of these reports before buying. But I would have a mechanic check for frame damage by putting it on a lift and looking for welds (sometimes concealed). Also study the gaps in the front hood and trunk - they should be equal. Look for stickers on the side panels under the hood. Sometimes on a wrecked car you'll see a sticker on one side and not the other.

Ask for the Used Car manager to use his "Paint Meter" to check for paint. This detects body shop work not always seen by the naked eye. If it reads 4.2 on 3/4s of the panels as you walk around and then one panel or a whole side reads double or triple then you have paint! This will lower the value by thousands of dollars!

I am a dealer, by the way...
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Old 07-25-2008, 02:01 PM   #8
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Default Re: Is this a good deal on 2005 Prius?

I was told Honda marks all the major body panels with the original VIN making it easy to identify replaced parts, not sure if Toyota does too. 'Course that only helps when looking for replaced, not repaired.
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Old 07-26-2008, 12:52 AM   #9
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Default Re: Is this a good deal on 2005 Prius?

Update:
Just bought the car today and it is awesome. Called the dealer where it was serviced and got complete service history. Absolutely clean. Turns out that the seller had a horrible lien holder and they were charging a ridiculous interest. I was happy to get the seller out of the misery. I negotiated without knowledge about the sellers situation but later offered a higher price "for my conscience sake" that the seller refused being a person of integrity and wanted to stick to the low price of $19, 500 we agreed upon. Yes, there are some wonderful people out there who still sell cars! Bottomline, the seller is off the hook of the horrible lien and I got a good deal. A win win situation. Alls well that ends well . We love the car!
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Old 07-26-2008, 01:45 AM   #10
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Default Re: Is this a good deal on 2005 Prius?

Quote:
Originally Posted by jmcomp124 View Post
Update:
Bottomline, the seller is off the hook of the horrible lien and I got a good deal.
You paid the lienholder, not the seller, right??????
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