Yeah you’re going to see that a lot in this price range.
It’s a relatively honest ad compared to the cliche-riddled copypasta that tells you everything is perfect. That’s the first thing you want to filter for when deciding where to invest time and money into further investigation and PPI, etc.
Damage that can be repaired by PDR is a lot cheaper than anything requiring paintwork, so that’s another win in this segment. Generalizing here but $200 or less per panel for PDR vs $1,000 when needing paintwork.
In the sub $10,000 price range most SUV/CUVs are high mileage. Or gas guzzlers. Or known defects with engine or transmission. So everything is a trade off. There’s no perfect solution here.
You are right but I would take flippers with a grain of salt on any claim they make. They’re floating title not only to avoid taxes/fees but also people can’t find them in case of any issues (since title usually has previous owner’s name on it). My family’s been in two unfortunate situations with flippers and learned the hard way (one was a stolen car sold to us by a friends friend and another where we sold a car and the flipper drunk crashed it before they could sell it, cops showed up to our house).
I was also in the used car and salvage parts business for 2 years recently; it’s the dirtiest business my family has ever been in with some of the shadiest people we ever met.
Under $10K is a tough category nowadays, pre-pandemic I would say it was under $5K.
Confirmed hood was propped open so they can take engine pics. Hood is flush when closed
2015 Jeep Cherokee Latitude
“Clear Title”
75k miles
Hard loaded - pano, cold weather, nav, etc etc
Last owner ran it into a ditch and hanover decided to declare it a total loss. Got new tires and some bumper clips and . Even if the state gives me a rebuilt title, it’s still a great deal imo
Going to need a bit of back story lol… did you search for this type of vehicle/situation or did it fall into your lap? Can the general public purchase?
Can’t lead other bees to the honey pot but in all seriousness I had a few cars on my mind and this was the only one I ended up winning. I typically look for minimal damage / easy things to replace upon first glance. I’ll run mmr and a carfax and look at my local market to see where I need to be under to make enough to be worth my time. If a car ends up not being easy to fix / has more damage than I can handle, my uncle owns a repair shop (stereotypes…hah) I’ll just tow it to him I’m all in this cherokee for around $6700 assuming I don’t need an entire lower bumper. Plan on listing for around 10-11 once title is in my name
Yeah. Hanover valued it at 15k. Cox automotive estimates around 14k. Carfax around 13-14k. Cursory search in my area shows all that to be about true. So I don’t see why a clean rebuilt one won’t go for 10 especially when the damage is so minimal
As long as the exterior, paint and interior looks good, I’ll take it. That camry/es300 engine is bulletproof, my wife had the camry version, you can easily goes 300k miles without problem. I love the exterior as well, still looks great. At that price, you can sell it for $1k more easy.
FYI - we sold my wife 2006 Camry LE 141k miles for $4500, put the ad on fb marketplace at noon, got 3 people interested within 30 minutes, 1st one to see in the afternoon took it without inspection. We do have a bunch of service history binder.
I agree. I bought a 2003 es300 with over 100k for my teenagers to drive. Lasted another 8 years with no issues. We sold it 6 months ago because of a throttle sensor issue and a/c issue that finally cropped up and weren’t worth fixing, but overall the engine was still good.