A friend of mine just offered me his car for only 200 dollars. He is getting rid of it because he and his wife are expecting a baby next month (this guy is in his 30's). It's a 1993 Honda accord, he says it is the most reliable car he has ever owned.
I've seen this car, I've actually been in the car once. DIdn't seem like there was anything wrong with it. My only concern is that it has 272,000 miles. He says it runs fine though, here is the description he gave me:
"It always gets 31/32 miles per gallon, 450 miles to the tank. It's a 5 speed manual. It has 4 good tires on it, I had done a front brake job about a year and a half ago, it has a new windshield in it, and for a 1993 it only has a little rust. It has power windows, power locks, power mirrors, AC - and amazingly the original radio. I've driven it for the last 7 years, and it has been the most relible car I've ever owned. The exhaust should be good for another year. The clutch has never really been an issue - it is still original!?!? That may be a problem at some point, but for $200..."
But he did a Kelly bluebook value check on it, for it's specifications, it should be $1090. In fact, here is the link:
My inexperienced self says that for 200 dollars, I should snag it. If the clutch is an issue, surely it won't cost 800 dollars to replace. SO, I am still ahead in that regard, I think. Again, I have no experience buying a car, so that is why I ask. My friend is a mechanical engineer, so I know he maintained the car himself for the most part, and I do believe he knows what he is doing. It passed the last state inspection alright.
So, what do you think?