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Is buying $5000 a 200k mile Camry worth it?

  

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Is buying $5000 a 200k mile Camry worth it?


9 Answers
3

What year are we walking about? That is a lot of mileage and the price for that is too much. I would look at something else.


2011, Thanks


3

Not worth it. 


Cool. Thanks!


3

If it is not very old, and you can tell it is highway miles, they have done very good service on it and have records, body and paint in good shape, and checks out by mechanic inspection, yes it may be okay.

A camry is a good car, but once they hit a certain mileage, they typically don't go for a lot. Many things can start to go wrong if not taken care of. Plus they sell a ton of them, and more competition on the market.

 


Thank you. I found one 2011 camry with 64k miles fir 15k$


ouch $15k


2

Year? Sounds a bit pricey at that mileage, especially if it’s an old one.


2011. Thanks


1

Not worth it.


1

At best, depending on the year, is a $2000-2500 car. 


1

it is a Camry, so it could still have some life left in it IF it was well looked after. However, I would never give that much money for it. $1,000 - $1,200 at most.

 


0

What year?

 


2011.


0

Never mind "Kelly's Blue Book" and other sources that talk about a high resale value. It's all a scam. Propaganda if I may say so? True...Toyotas can sell for a little more because they are good cars, but not too much because all vehicles loose their value over time. A car is nothing more than a machine or a piece of metal that will eventually start to rust, stress, and wear out. Never mind classic show cars and rebuilds...never mind super expensive luxury cars like Rolls Royce and sport cars like Ferrari. (Which they still depreciate in value) I'm talking about your average car, no matter it's quality... it should not be worth too much money. One fine example is when you trade your car in at a dealership for a new one. You're not going to get much money. Trade-ins are because they want to psychologically use their business tactics into making you buy a new car at their dealership. The cheapest trade in value that a dealership gives you goes to cover the cost of scrap metal or junk yard value. If the car is not in such bad shape, they will give you a little more money and then they will fix up the car and sell it used (Pre-Owned) at a higher rate so that they can make a profit in which they are also used cars sales dealers that make their dealership even more money) (Used car dealers are one of the biggest scammers and liars) My mom in 1988 traded in her 1981 Chevy Chevette in good working order for a 1988 FWD Twin Cam Chevy Nova (Toyota Corolla) valued at around $11,000. The dealership gave my mom $800 for the trade-in despite that she bought the Chevette brand new and did the regular scheduled maintenance. They probably sold that car used for a few thousand dollars. I drove a tow truck in the 90's and early 2000's. I towed for repair shops, dealerships, junk yards, repo bank orders, auction houses, Etc. Back in those days, all repair shops, used car dealers, and auction houses would say: "A car that is 10 years old and/or with 100,000 miles is only worth about $1,000 and if it's in bad condition? You're only getting a few hundred dollars for the car". take it or leave it! Junk yards back then would only give you $50 to $100 to junk a car. But remember, back then...a tow truck would charge you a towing fee of that $50 to $100 to junk the car. So people would junk their cars for free unless if you drove the car to the junk yard yourself. Now-a-days, and because of Toyotas quality, a 10 year old Corolla with 100,000 miles should not be worth more than $2,500. If it's a Toyota oil burner or any other crappy car...it goes back to $1,000 or less. (That should cover the scrap metal cost) In 2007 with the China needing metal, the cash for cars program started and certain scrap yards were offering anywhere from $100 to $800 depending on the weight of the car and the price of scrap metal which goes up and down everyday. Then the car donation program was made that one would donate their cars for free and all you get is a tax write-off from the IRS. All under the auspice of charity. This program made tow companies and junk yards a-lot of money while the average citizen made nothing to get rid of their car. It also saved china a-lot of money because it's way cheaper to recycle metal than to but it from countries like brazil that mine Iron Ore and ship it all the way on super tankers to China. Once a car is donated the tow truck company or scrap yard only has to give .17 cents from every dollar to a registered charity. So if a 4 cylinder car at the time produces $100 at the scale, only $17 has to be given to a charity by law. So when the price of metal goes up and many cars are taken to the scrap yard, especially if they are heavier cars and trucks...the two tow companies and metal places are making a-lot of money. Some junk yards strip the glass, radios, windows, mirror, batteries, tires for re-sale and then they scrap the metal.

The point is that so much money is being made from cars that are not worth anything. Everything on earth that is made, comes from the earth. Things cost pennies on the dollar to produce. Due to corporate greed, name brands, and propaganda like commercials and so-called inflation because of the times...people pay more money and don't think that things can remain cheap. Double-Mint gum has been 25 cents for almost 28 years before it went to 30 cents. Even Oil and precious metals like gold that are valuable and needed, shouldn't be that expensive. They are worth some money, but not the exaggerated costs of today. The price of Gold is set on a daily standard by greedy bankers and investors out of London, England and oil of course is not only set by O.P.E.C., but rather set by the greedy corporate conglomerate oil companies that trade stock in the United States.

Don't ever overpay for anything in life.

Food for thought.


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