Hi all,
We're considering purchasing a 2002 P5 for use as a first car for a college student (he likes to tinker with cars), but we're new to buying used and I thought I'd come here to get some opinions. First, the vehicle we're looking at has some pretty high miles--200k on the chassis, with 120k on the engine that was just installed. Normally I'd say no to a vehicle this used, but I've heard these cars are pretty darn reliable. Thoughts?
Secondly, the vehicle looks pretty good from what I could see in a quick inspection and test drive, everything's working, and the car runs well. Maintenance logs say she's been taken good care of over the last 11 years. What should I be concerned about that I can't see? Risks to joining the 200k+ club? I've heard rust is an issue, but this car has spent all of its life in sunny southern california.
Lastly, 4500 sounds like an awful lot for a car with this many miles on it--sound to me like this car isn't worth any more than 3800, but I figured I'd ask the experts. Whaddya think?
Looking forward to hearing from y'all, thanks in advance!
We're considering purchasing a 2002 P5 for use as a first car for a college student (he likes to tinker with cars), but we're new to buying used and I thought I'd come here to get some opinions. First, the vehicle we're looking at has some pretty high miles--200k on the chassis, with 120k on the engine that was just installed. Normally I'd say no to a vehicle this used, but I've heard these cars are pretty darn reliable. Thoughts?
Secondly, the vehicle looks pretty good from what I could see in a quick inspection and test drive, everything's working, and the car runs well. Maintenance logs say she's been taken good care of over the last 11 years. What should I be concerned about that I can't see? Risks to joining the 200k+ club? I've heard rust is an issue, but this car has spent all of its life in sunny southern california.
Lastly, 4500 sounds like an awful lot for a car with this many miles on it--sound to me like this car isn't worth any more than 3800, but I figured I'd ask the experts. Whaddya think?
Looking forward to hearing from y'all, thanks in advance!
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