Good Deal On A 2007?

Toyota doesn't sell a DX. Do you mean CE? I don't think it's that great of a deal. Corolla's went up in price. I don't understand why, but I thought it was a bad decision on Toyota's part.

We got our 05 LE out the door for 14K in 05.

Just beware, the power train warranty doesn't carry over to the 2nd owner. You only get the bumper to bumper warranty.

I don't think it's that great of a deal, and with Toyota raising prices on such a basic car, I'd look at a Hyundai if you have 14K to spend on a car. With a $1000 rebate, and not paying sticker price, you could get a brand new Elantra. Maybe even a SE if you can afford taxes.

The bumper to bumper warranty sounds good for a second owner.

I think $14,000 is lower than the KBB price. I can probably talk them down to $13,000.

I will also check to see what options it has. It is a beautiful dark blue color.

Things come to my mind:

1. Flood

2. Theft recovery

3. Wreck

4. You are dealing with a thief and a stolen car

5. Lien will not be paid off when you buy it

I'd be very careful here. There was a rebate on CE's. You might get a new one for the same price or close.

Seller price is for balance of lien. It will be paid off.

I heard an ad. on the radio for brand new cars for the same price, so it does not seem like such a good deal now.I still have not been back to check it out - for all I know it has been sold. Maybe tomorrow?

I thought you are our resident gen 7 devotee before your daughter got her 04? Now you're looking at gen 9s. You're stepping up or "moving on"?

No worries, there's always the "next car."

I heard an ad. on the radio for brand new cars for the same price, so it does not seem like such a good deal now.I still have not been back to check it out - for all I know it has been sold. Maybe tomorrow?

I thought you are our resident gen 7 devotee before your daughter got her 04? Now you're looking at gen 9s. You're stepping up or "moving on"?

No worries, there's always the "next car."

After all I can't let my daughter outdo me!

Situation 2 is known as a balloon payment, and you may want to simply ask the seller if it is one.

Otherwise known as "residual / buyback value" in our neck of the woods.

My money is on this scenario.

I went back to the car tonight and saw that it was a CE.The sale sign said $14,000 or take over payments of $138.99 with 58 months left.

 

That does not sound right to me. $138.99 X 58 = $8,061.42. That is not $14,000.

Is there like a final big payment that has to be made on new car loans?

I would gladly buy the car, if I could get it for $8,061.42.

I will give the owner a call tomorrow to get more detail.

 

That either means one of two things:

1) Is that they made a huge down payment on the car.

2) Is that they did some creative financing like smart buy where you pay a small payment for 4-6 years and then owe a large lump sum at the end of the low payments.

I'm guessing that 1 is the more likely scenario.

If it were me, I would pay it off with cash, and not have to worry about the payments.

That sounds like the $138.99 a month for payments - if it really is true would be cheaper.

Is there penalties for early payoff? I guess I will call the seller to get the details.

Check newspaper ads on Friday and usually see a corolla here and there as a loss leader for $12888 base or $13888 with some "power" assessories. $14000 for a used is not really a "good" deal. I suspect it is a good starting point for bargaining. I would offer $12000 the most and see how the sales react.