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How to buy a car for under $1,000 By: @KevinFox

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A talk about how to use local free resources (Craigslist and eBay) to located and purchase a reliable mode of transportation for $1,000 or less. Specifically there are several key points: 1) The car has to be under $1,000 dont go over, you dont need to. Never leave a deposit. 2) Car must be ready to drive, no major broken parts, cant be towed, you dont want someone elses problem. 3) Dont buy from a dealer, go private party. Dealers are shady mmmkay 4) What cars to look for, Older Dodge/GMC/Chevy mini-vans, 4x4 Jimmy/Blazers, Mercedes Diesels, Hondas 5) What not to look for... older jags, gas engine merdedes, 6) Share my experiences with CL and cheap car buying...

TRANSCRIPT

Page 1: How to Buy a Car for $1,000 - IgnitePortland 3

How to buy a car for under $1,000

By:@KevinFox

Page 2: How to Buy a Car for $1,000 - IgnitePortland 3

Now you can spend $1k on...

Page 3: How to Buy a Car for $1,000 - IgnitePortland 3

... for today's purposes

“People often overlook some of the best features that a vehicle has to offer merely because it looks different than the most popular cars on

the road,” - Mark Simmons, purchasing manager for

CarMax.

Page 4: How to Buy a Car for $1,000 - IgnitePortland 3

You may be thinking....

No way can I get something decent....

Page 5: How to Buy a Car for $1,000 - IgnitePortland 3

But you are wrong!

Of course decent is relative, we are talking $1,000 or less here...

Page 6: How to Buy a Car for $1,000 - IgnitePortland 3

A word on New Vs. Used● Depreciation● Costs● Warranty● Condition● Insurance● History● Reliability● At the end of the day...

Page 7: How to Buy a Car for $1,000 - IgnitePortland 3

Let's get to it● Getting Started

– Craigslist.org (go local!)● portland.craigslist.org/car● search by price (aim high, you can bargain!)

– Ebay is less helpful for cheaper cars but worth a look sometimes

Page 8: How to Buy a Car for $1,000 - IgnitePortland 3

Sorting through it all● What to look for

– Minivans (not just for soccer moms... for realz)

– Compacts (with gas prices these just make sense)

– Boxy Cars (cars do not have to look like jelly beans)

● What not to Look For– Exotic Foreign Cars (especially with high mileage)

– Anything Broke down (the car has to run, no rollers)

– Stay away from dealerships (umm ya....)

Page 9: How to Buy a Car for $1,000 - IgnitePortland 3

Look for keywords...

● easy project car = completely disassembled, bring many boxes

● only 59,000 miles = actually 359,000 miles● rare model = one of 500,000 made● must sell = before law finds seller● only driven Sundays = Sunday is race day● trans. rebuilt = fine sawdust used to make it

quiet● family owned = driven by 6 teenagers

Page 10: How to Buy a Car for $1,000 - IgnitePortland 3

Apply the Rules

● Search local, by price– Check Mailing lists / Forums

● Do not ever pay over $1,000– Good tags for a while a plus!

– Do not leave a deposit

● Car must run w/o need for maintenance● Stay away from dealerships● Always arrange a test drive and buy during day

– Loud knock from the engine is bad thing

Page 11: How to Buy a Car for $1,000 - IgnitePortland 3

I Did...

● 1989 Plymouth Voyager SE– $700

– Good tags

– Runs Great

– 218k Miles

Page 12: How to Buy a Car for $1,000 - IgnitePortland 3

It has been great

● Road trip to Reno AND back– Now has 232k

● Good gas mileage● Cheap Insurance● 12 second quarter mile?● People love a family man...

Page 13: How to Buy a Car for $1,000 - IgnitePortland 3

What is out there now

● Always lots to choose from on Portland Craigslist– 1991 Chevrolet Blazer S-10, 4.3L V-6, 4x4 - $550

– 1989 Chevy Astro Van - reduced price - $800

– 1988 LeBaron Coupe - $900

– 1991 VW Jetta - $850

● I even found a few gems when I visited Tulsa...– 1990 Chevy Astro Van w/ TV and A/C - $1000

– 1993 Mazda 929 - $800

Page 14: How to Buy a Car for $1,000 - IgnitePortland 3

Example #1

● An example of a good boxy car

● The 4.3L V6 is a good, reliable motor (same as Astro Van)

● Some actual maintenance records are posted

● Easy to contact

● http://portland.craigslist.org/mlt/car/715692649.html

Page 15: How to Buy a Car for $1,000 - IgnitePortland 3

Example #2

● The Vans...– Voyager/Caravan

– Astro Van/Safari (AWD)

– Windstar

– Conversion Vans

Page 16: How to Buy a Car for $1,000 - IgnitePortland 3

Example #3

● True American luxury people● $900 w/ new tires and turbo motor!!● http://polybushings.com/pages/LeBaron1.html● Found this on a list.... definite plus

Page 17: How to Buy a Car for $1,000 - IgnitePortland 3

Example #4

● $850 Jetta● Tags good till 09● Decent tires● 35mpg+● Would also suggest

– Volvo

– Mercedes Diesel

– Porsche?

Page 18: How to Buy a Car for $1,000 - IgnitePortland 3

What I like...

● The hunt● Good People / Stories● 4x4 or AWD for the mountain● Lots of leg room● A/C for the summer... or convertible● Cop Car● Possible Veggie Oil conversion

Page 19: How to Buy a Car for $1,000 - IgnitePortland 3

Resources out there...

● Mailing Lists– NW-SDAC

● For enthusiasts of Dodge vehicles inspired by Carol Shelby

– Check Google for your favorite brand/car● Lots of online communities out there to help

● Forums– Volvo

● IPD Website● VolvoSpeed.com

Page 20: How to Buy a Car for $1,000 - IgnitePortland 3

The End...