re: Buying an SUV with 8k cash (ETA: Viewed the vehicle. Got Questions.)

Posted by CaptainsWafer

TD Platinum Member

Member since Feb 2006

58419 posts

Posted on 4/23/14 at 2:03 pm to Cajun Revolution

quote:
I bought new vehicles in the past with no money in my pocket. Literally a letter that says "I will pay you. I make this much money."

Which isn't necessarily the best idea when you don't have money.

This post was edited on 4/23/14 at 2:04 pm

Posted by blzr

Member since Mar 2011

30115 posts

Posted on 4/23/14 at 2:03 pm to Sprocket46

quote:
Congrats on living within your means, seriously. I'd look for a rav4, crv,pilot, 4runner etc. 8k will buy you plenty of vehicle, despite what the OT wants you to believe, lol.

I think you could get a solid mid 2000's Grand Cherokee for that price

This post was edited on 4/23/14 at 2:04 pm

Posted by AnonymousTiger

Franklin, TN

Member since Jan 2012

4863 posts

Posted on 4/23/14 at 2:03 pm to FrancisCostello

quote:
What am I looking at here?

You're looking at 150k-200k miles for full size SUVs. You should focus your search more towards the crossover models. Just be sure to keep your expectations realistic as far as expecting a ton of miles on an older model.

Posted by uway

Member since Sep 2004

33109 posts

Posted on 4/23/14 at 2:04 pm to FrancisCostello

Last year I stumbled on a 2001 Sequoia with only 70,000 miles for $10k. Bought it the next day, but I doubt there are many deals like that around.

Posted by EvrybodysAllAmerican

Member since Apr 2013

11283 posts

Posted on 4/23/14 at 2:05 pm to FrancisCostello

A used 4-runner might be your best option. Will have high miles for that price. But so will anything else, and toyotas will last longer and not guzzle as much gas.

This post was edited on 4/23/14 at 2:08 pm

Posted by Cajun Revolution

Member since Apr 2009

44671 posts

Posted on 4/23/14 at 2:05 pm to CaptainsWafer

quote:
Which isn't necessarily the best idea when you don't have money.

Depends. I had no money in 2008 but needed a vehicle to go to work. I pretty much got fricked in that deal but they gave me a new Tundra. Along with a 8% interest rate.

Posted by OldManRiver

Prairieville, LA

Member since Jan 2005

6925 posts

Posted on 4/23/14 at 2:06 pm to FishinTygah84

As a 2005 Pilot owner with 193000 miles on it, I highly recommend the 2004 with only 130. The only caveat is the 2004-2006 models had some serious transmission issues. Most likely if it's at 130k it's already been addressed, but i'd inquire into repair history before plunking down the cash.

Posted by LouisianaChessie

Baton Rouge, LA

Member since May 2010

2582 posts

Posted on 4/23/14 at 2:06 pm to FrancisCostello

Man I got a buddy selling a a z71 Tahoe either 04 or 05 for 8k. Can't remember the mileage but I remember it's not outrageous. He may be willing to negotiate on his price too...

Posted by WhoDatTigahsTampa

S.E.LA2WestFL

Member since Oct 2013

2281 posts

Posted on 4/23/14 at 2:07 pm to uway

Mines well put $8k down on a 2013 model that's around the $17k-$20k range w/ low miles. Hit AutoTrader, could find a decent ride on there and come out with like a $200-$250/mo. note. Buy a ride for the long haul bruh, you buy a car w/high mileage you gonna be repeating this same cycle in a couple years.

This post was edited on 4/23/14 at 2:07 pm

Posted by Will Cover

St. Louis, MO

Member since Mar 2007

38692 posts

Posted on 4/23/14 at 2:09 pm to FrancisCostello

quote:
Buying an SUV with 8k cash

Wife wants an SUV. We are poor. Don't want to take on any payments or debt.

What am I looking at here? Ford dealership just laughed at me.

If you can come up with another $14K, I will sell you my 2008 Jeep Wrangler Sahara, 2DR, 6 speed manual - soft top, upgraded tires with only 17,800 miles.

Posted by AnonymousTiger

Franklin, TN

Member since Jan 2012

4863 posts

Posted on 4/23/14 at 2:11 pm to FrancisCostello

I don't know your location, but here are some options in Nashville:

2003 Pontiac Vibe
1999 Ford Excursion
1998 Toyota Landcruiser
1990 Land Rover
2004 Suburban
2002 Nissan Xterra

A couple just out of your range, but maybe negotiable:
2005 Yukon Denali ($10,999)
2002 BMW X5 ($9,999)

Posted by brgfather129

Los Angeles, CA

Member since Jul 2009

17128 posts

Posted on 4/23/14 at 2:14 pm to FrancisCostello

Get a used 4Runner...have a mechanic inspect it thoroughly.

Posted by nikinik

Mid City

Member since Jan 2009

5733 posts

Posted on 4/23/14 at 2:26 pm to FrancisCostello

I bought a 2005 Rav4 last year for $9k. 111k miles. Great, reliable vehicle and it looks new. Bought it from an older guy that took great care of it.

Posted by crap4brain

Louisiana

Member since Sep 2004

2514 posts

Posted on 4/23/14 at 2:31 pm to nikinik

I got a 2004 Toyota Highlander Limited, with all the upgrades that I am going to sell since I just got a pickup. Let me know if you are interested.

Posted by patnuh

South LA

Member since Sep 2005

6767 posts

Posted on 4/23/14 at 2:35 pm to FrancisCostello

If you have $8k to put down, then why dont you try to finance $5k or so. A $13k vehicle will be much mnore trustworthy that an $8k klunker. Even if your credit is shite, they will work with you bc of your down payment. This is a good way to build some credit too.

Posted by KLSU

Baton Rouge

Member since Sep 2003

10367 posts

Posted on 4/23/14 at 2:36 pm to FrancisCostello

Quite a few options available at that price.

especially this one:
2005 GC 4x4 81k miles

This post was edited on 4/23/14 at 2:38 pm

Posted by DonChowder

Sonoma County

Member since Dec 2012

9249 posts

Posted on 4/23/14 at 2:41 pm to FrancisCostello

Keep the 8K in your bank acct for emergencies. Finance the SUV (a cheap one). Rates are really low right now.

Posted by upgrayedd

Lifting at Tobin's house

Member since Mar 2013

135218 posts

Posted on 4/23/14 at 2:44 pm to FrancisCostello

This sounds like an excellent Top Gear challenge.