I have a 1997 honda civic ex coupe with only 143,000 miles on it. I love it however, the power steering has gone out, the muffler is hanging off the back of it and you can hear me coming from half a mile away. Also the cruise control and the windshield wiper fluid doesn't work either. I'm not too keen on pouring more money into it.
A friend just offered to me a '94 toyota, for only 800 bucks. It has over 200k on it, but it has no mechanical problems, other than the breaks, which the friend offered to fix and then sell it to me.
Should I take my friend's deal? I have nothing saved up for a down-payment on a nicer newer car, I do have a kick butt credit rating, but I have other debt I want to pay down first before saving up for a new car.... and dealing with car payments.
Of couse you should. Where else would you find a deal like that?
If it lasts 3 months, you got your money's worth.
Just don't be a jerk if it breaks down in the next few months. You know what you are buying and any car that runs at all under $1,000 is a steal.
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