Hi all!
My DH and I are looking to get our first car, but with a very tight budget - we can probably swing about $2500 (and we don't look good on paper either, so no financing). We've been looking for a station wagon for the hauling capability - I'm not that keen on pick-ups as only vehicles (ie not a second car), and SUV's are more expensive (both to buy and to run). Have considered a minivan... or just a little puddle jumper to get us around in the mean time, depending on local availability.
Quandry: we've been in discussions with someone nearby who has a 1990 Toyota Carolla wagon for sale. They are willing to negotiate on price (started at $1000, we figure we could probably get them down to $500). The car is mechanically sound, has a few lights to fix, but the main problem is the rust. We've been trying to get it looked at by a professional - he had to cancel the first appointment, so he took it to a mechanic near him. We've got that report, but it has no estimate, since the mechanic doesn't do body work. We've called a body shop, but they can't make an estimate without seeing the car. But the body shop guy didn't think it was worth the risk - he points out that there's no way to see how far the rust has gone without taking the panels off, and the cost could be that much greater. He said he has a 1996 Toyota in the shop right now (that had a few more things wrong with it) that's going to cost ~$2200 with taxes to fix. He points out that putting $3000-3500 into the vehicle would be fine if it lasted a few years, but what if the transmission kicks the bucket in 6 months? As usual, big on the 'you don't know the history of the car'.
But we don't know anyone who has a car to sell us, so we will never know the history of the car. Guys like him will sell us cars they say they know the history of - but I can believe them just as much as asking the dude who's selling the Carolla. Any used vehicle could have the transmission keel over in 6 months - it's always a gamble... And we don't have the finances to go the waranteed route. Are we stupid to consider a 16 year old car? Or should we keep hunting for a newer vehicle, or one with no rust? Ha, non-rusty car for <$2500!