Used Car on Lot for Year and a Half

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billy269
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Used Car on Lot for Year and a Half

Post by billy269 » Mon Oct 01, 2018 1:42 am

There is a 2010 Pontiac Vibe that seems like a good deal, but the dealer has had it for 1.5 years. Should I avoid this? Other than that, it seems like a good deal.. Been struggling to find a decent used car for 6-8k in the Sacramento area.

https://www.capcitiauto.com/mobile/Vehi ... bee99ff677

taojaxx
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Re: Used Car on Lot for Year and a Half

Post by taojaxx » Mon Oct 01, 2018 1:57 am

"Been struggling to find a decent used car for 6-8k in the Sacramento area."
That's because there's no such thing as "a decent used car" for that kind of money. Either in Sacramento or elsewhere.

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sunny_socal
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Re: Used Car on Lot for Year and a Half

Post by sunny_socal » Mon Oct 01, 2018 3:55 am

taojaxx wrote:
Mon Oct 01, 2018 1:57 am
"Been struggling to find a decent used car for 6-8k in the Sacramento area."
That's because there's no such thing as "a decent used car" for that kind of money. Either in Sacramento or elsewhere.
Sure there is, I have one sitting in my driveway. 2007 Honda Pilot with 130k miles and it's good for another 130k at least. Value $5k.

But OP, I wouldn't buy that Pontiac.

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unclescrooge
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Re: Used Car on Lot for Year and a Half

Post by unclescrooge » Mon Oct 01, 2018 4:02 am

sunny_socal wrote:
Mon Oct 01, 2018 3:55 am
taojaxx wrote:
Mon Oct 01, 2018 1:57 am
"Been struggling to find a decent used car for 6-8k in the Sacramento area."
That's because there's no such thing as "a decent used car" for that kind of money. Either in Sacramento or elsewhere.
Sure there is, I have one sitting in my driveway. 2007 Honda Pilot with 130k miles and it's good for another 130k at least. Value $5k.

But OP, I wouldn't buy that Pontiac.
You mean the death trap Pilot with defective air bags?
:mrgreen:

mjk280
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Re: Used Car on Lot for Year and a Half

Post by mjk280 » Mon Oct 01, 2018 4:26 am

I had a 2006 Pontiac Vibe and it was a great car. Has a Toyota engine and it’s the same as a matrix but Pontiac badge. The rear seats also fold flat giving you a large cargo area to haul anything. Take it for a test ride and have it checked by a mechanic but there’s nothing wrong with a vibe.

onourway
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Re: Used Car on Lot for Year and a Half

Post by onourway » Mon Oct 01, 2018 5:24 am

The general public knows Pontiac as a dead brand. They don't know that the Vibe is simply a Toyota with different styling. I can't say whether one that has sat on the lot for that long is a good buy or not, but in general, the Vibe is one of the best used car values to be had.

Bacchus01
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Re: Used Car on Lot for Year and a Half

Post by Bacchus01 » Mon Oct 01, 2018 5:38 am

A car that has been on a lot for that long signals that there is something seriously wrong with the car, the price is WAY too high, or the dealership is very poorly run.

Do any of those give you confidence to buy the car?

dbapaddy
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Re: Used Car on Lot for Year and a Half

Post by dbapaddy » Mon Oct 01, 2018 6:02 am

I have a 2006 Vibe and I love it. Cheapest car I have had. Was cheap, runs cheap. Can't complain. I hope I can see another 10 years with it.

Jack FFR1846
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Re: Used Car on Lot for Year and a Half

Post by Jack FFR1846 » Mon Oct 01, 2018 6:12 am

A Vibe is one of the "gems" in the used car world. It's a Toyota Matrix but with the badge of a garbage company. If it's priced well, why not?
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LukeHeinz57
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Re: Used Car on Lot for Year and a Half

Post by LukeHeinz57 » Mon Oct 01, 2018 6:24 am

My friend got over 200,000 miles out of his Vibe before trading it in. He was quite happy with the vehicle.
"Contentment", the only thing you ever truly need more of!

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djpeteski
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Re: Used Car on Lot for Year and a Half

Post by djpeteski » Mon Oct 01, 2018 7:02 am

sunny_socal wrote:
Mon Oct 01, 2018 3:55 am

Sure there is, I have one sitting in my driveway. 2007 Honda Pilot with 130k miles and it's good for another 130k at least. Value $5k.
I'd buy your pilot! :D

Nissanzx1
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Re: Used Car on Lot for Year and a Half

Post by Nissanzx1 » Mon Oct 01, 2018 7:04 am

They aren't bad cars. People may be under the impression that parts will be scarce. I'd have the car inspected by an independent shop to make sure there isn't anything lurking that you aren't seeing.

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Strayshot
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Re: Used Car on Lot for Year and a Half

Post by Strayshot » Mon Oct 01, 2018 7:13 am

I would go buy it, particularly before some Sacramento-area boglehead beats you to it.....

lostdog
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Re: Used Car on Lot for Year and a Half

Post by lostdog » Mon Oct 01, 2018 7:22 am

It's a Toyota Matrix. Go check it out and take it for a test drive. Take it to a mechanic. If all is well, make an offer.

Most people see the car as a crappy Pontiac but they don't know it's a Toyota. This is most likely why it's sitting there.

Living Free
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Re: Used Car on Lot for Year and a Half

Post by Living Free » Mon Oct 01, 2018 7:33 am

taojaxx wrote:
Mon Oct 01, 2018 1:57 am
"Been struggling to find a decent used car for 6-8k in the Sacramento area."
That's because there's no such thing as "a decent used car" for that kind of money. Either in Sacramento or elsewhere.
For 8k you can find a relatively new (2014-2015) car with around 50k miles. it's going to be something like a nissan versa or sentra or a hyundai accent or ford fiesta or chevrolet cruze/spark. It won't be particularly glamorous or luxurious but it would probably be cheap to operate and reliable and get you from point A to point B (and be faster than walking and at the same time protect you from the elements).

researcher
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Re: Used Car on Lot for Year and a Half

Post by researcher » Mon Oct 01, 2018 7:37 am

billy269 wrote:
Mon Oct 01, 2018 1:42 am
There is a 2010 Pontiac Vibe that seems like a good deal, but the dealer has had it for 1.5 years. Should I avoid this? Other than that, it seems like a good deal.. Been struggling to find a decent used car for 6-8k in the Sacramento area.
First off, why do you assume that the vehicle has been sitting on the lot for sale for 1.5 years?
No car lot would let a car sit in inventory that long. They would keep dropping the price until it sell or take it to auction.
It was most likely driven by someone who works at the dealership, used as a service loaner, ect.

Secondly, the info says it racked up 37K miles as a former rental car.
Would you want a vehicle that was borrowed and driven by ~125 different strangers?

THY4373
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Re: Used Car on Lot for Year and a Half

Post by THY4373 » Mon Oct 01, 2018 8:24 am

My current car is a Lincoln MKZ that I bought used that had been on the dealers lot for like 9+ months. In fact they were right at the point where they were going to be forced by their finance company to sell it at auction. Basically they were a BMW dealer and I don't think this the Lincoln appealed to their typical customer (no surprise). It was a great price (cheapest east of the Mississippi at the time) and I flew a few states away to pick it up and drive it back. It is a rock solid car and I am happy with it (owned it about three years now). If you have done the necessary due diligence I wouldn't worry if it has been sitting around.

As for the rental car issue that is more of a concern. I actually bought an ex-rental 2000 Taurus Wagon in 2003 for $5500 (it was a wagon so they went for a slight premium). I drove that car for 12 years until the engine had a serious failure when my now ex-spouse was driving it. Ended up selling it at that point for $300. Basically I wouldn't have a problem buying an ex-rental but I would expect to be getting it cheap enough that it was worth the risk. I doubt I'll ever have a car that gave me so much service for so few dollars (maintenance was not bad on it at all).

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lthenderson
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Re: Used Car on Lot for Year and a Half

Post by lthenderson » Mon Oct 01, 2018 8:34 am

billy269 wrote:
Mon Oct 01, 2018 1:42 am
There is a 2010 Pontiac Vibe that seems like a good deal, but the dealer has had it for 1.5 years. Should I avoid this? Other than that, it seems like a good deal.. Been struggling to find a decent used car for 6-8k in the Sacramento area.

https://www.capcitiauto.com/mobile/Vehi ... bee99ff677
I have no experience with a Pontiac Vibe as far as its quality but if I were buying a car that has been sitting for 1.5 years, I would definitely check the tires for flat spotting after driving it a bit and if purchased, change all the fluids before driving very far.

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Watty
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Re: Used Car on Lot for Year and a Half

Post by Watty » Mon Oct 01, 2018 10:12 am

billy269 wrote:
Mon Oct 01, 2018 1:42 am
Been struggling to find a decent used car for 6-8k in the Sacramento area.
If you can spend just a bit more here is a 2017 Yaris with about 41k miles for just over $10K.

https://www.hertzcarsales.com/certified ... 0b1525.htm

It would have almost 20K miles left on the powertrain warranty and a lot of the new safety features.

ESC was not required until 2012 so the 2010 you are looking at might not even have ESC so you should check on that since ESC seems to be a real good safety feature to have.

Even if you had to get a car loan the 2017 would likely have lower yearly cost of ownership over the next 10 years. A ten year old Yaris will still sell for a reasonable amount too but you can't count on the 2010 Vibe lasting another ten years.

There have been lots of threads about buying a used rental car that you can look up. There is no consensus but lots of people, including myself have had good luck buying a used rental car. Some people are concerned that every rental car has been badly abused but I think that this is overblown since you can have the car inspected and they usually have some warranty left. With a rental car you know why they are selling the car which is a big plus to me. With buying a car from some other source you have to wonder why the prior owner was selling it. Often people will replace a car when they know or suspect that it has problems.
Last edited by Watty on Mon Oct 01, 2018 10:14 am, edited 1 time in total.

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sunny_socal
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Re: Used Car on Lot for Year and a Half

Post by sunny_socal » Mon Oct 01, 2018 10:13 am

Ok I've learned something about the Vibe, that it's actually a Toyota. Then sure, buy it.

Otherwise I'd run from anything Pontiac.

jehovasfitness
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Re: Used Car on Lot for Year and a Half

Post by jehovasfitness » Mon Oct 01, 2018 10:37 am

sunny_socal wrote:
Mon Oct 01, 2018 3:55 am
taojaxx wrote:
Mon Oct 01, 2018 1:57 am
"Been struggling to find a decent used car for 6-8k in the Sacramento area."
That's because there's no such thing as "a decent used car" for that kind of money. Either in Sacramento or elsewhere.
Sure there is, I have one sitting in my driveway. 2007 Honda Pilot with 130k miles and it's good for another 130k at least. Value $5k.

But OP, I wouldn't buy that Pontiac.
We have a 2012 Honda Fit 75k miles and KBB is $6500-7000 private sale IIRC

jehovasfitness
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Re: Used Car on Lot for Year and a Half

Post by jehovasfitness » Mon Oct 01, 2018 10:39 am

It was a rental car for the first "owner", that tends to scare people off.

I know it does me.

Luke Duke
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Re: Used Car on Lot for Year and a Half

Post by Luke Duke » Mon Oct 01, 2018 10:41 am

Get them to throw in a new battery.

NHRATA01
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Re: Used Car on Lot for Year and a Half

Post by NHRATA01 » Mon Oct 01, 2018 10:45 am

sunny_socal wrote:
Mon Oct 01, 2018 10:13 am
Ok I've learned something about the Vibe, that it's actually a Toyota. Then sure, buy it.

Otherwise I'd run from anything Pontiac.
Maybe the fact you were unaware of the Vibe's underpinnings suggests you probably shouldn't consider yourself an expert on vehicle quality?

There were a number of Pontiacs such as the Grand Prix or Bonneville that were basically badge engineered Buicks, which for much of the '00s sat near the top of the reliability rankings. Or the G8 which was an Australian built car.

Unless we're going by the "my 1982 sunbird blew up at 30K miles so all Pontiacs everywhere are terrible".

g2morrow
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Re: Used Car on Lot for Year and a Half

Post by g2morrow » Mon Oct 01, 2018 11:17 am

Bacchus01 wrote:
Mon Oct 01, 2018 5:38 am
A car that has been on a lot for that long signals that there is something seriously wrong with the car, the price is WAY too high, or the dealership is very poorly run.

Do any of those give you confidence to buy the car?
Fleet use, accident, flood, salvage title - there's something wrong with it, you just don't' know what it is.

jehovasfitness
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Re: Used Car on Lot for Year and a Half

Post by jehovasfitness » Mon Oct 01, 2018 11:47 am

g2morrow wrote:
Mon Oct 01, 2018 11:17 am
Bacchus01 wrote:
Mon Oct 01, 2018 5:38 am
A car that has been on a lot for that long signals that there is something seriously wrong with the car, the price is WAY too high, or the dealership is very poorly run.

Do any of those give you confidence to buy the car?
Fleet use, accident, flood, salvage title - there's something wrong with it, you just don't' know what it is.
started as a rental

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celia
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Re: Used Car on Lot for Year and a Half

Post by celia » Mon Oct 01, 2018 11:56 am

researcher wrote:
Mon Oct 01, 2018 7:37 am
Secondly, the info says it racked up 37K miles as a former rental car.
Would you want a vehicle that was borrowed and driven by ~125 different strangers?
LOL
This implies each renter drove it for about 300 miles. If it had been rented that much, it would have spent more time parked between rentals than being driven.

retiringwhen
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Re: Used Car on Lot for Year and a Half

Post by retiringwhen » Mon Oct 01, 2018 12:21 pm

NHRATA01 wrote:
Mon Oct 01, 2018 10:45 am
sunny_socal wrote:
Mon Oct 01, 2018 10:13 am
Ok I've learned something about the Vibe, that it's actually a Toyota. Then sure, buy it.

Otherwise I'd run from anything Pontiac.
Maybe the fact you were unaware of the Vibe's underpinnings suggests you probably shouldn't consider yourself an expert on vehicle quality?

There were a number of Pontiacs such as the Grand Prix or Bonneville that were basically badge engineered Buicks, which for much of the '00s sat near the top of the reliability rankings. Or the G8 which was an Australian built car.

Unless we're going by the "my 1982 sunbird blew up at 30K miles so all Pontiacs everywhere are terrible".
my high school best friend had his 1982 sunbird blow up on him driving up I-75 in 1985........ I had a 1983 Cutlass Cierra (sp?) it was only slightly less horrific.....

Oddly, enough in my home town, where Oldsmobile was the only brand in town for decades, you can still see a surprising # of 1970s and early 80s vintage Delta 88s and 98s still on the road in 2018. Farmers kept then for Sunday drivers and they are still running. GM really shot themselves in the foot back in the early 80s. I haven't owned one since in 1988 (and that Cutlass was my 3rd, the two previous were great cars for their day, a 1972 Pontiac Catalina with a beast 440cu in V8 and a 1978 Cutlass Supreme...)

researcher
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Re: Used Car on Lot for Year and a Half

Post by researcher » Mon Oct 01, 2018 12:37 pm

celia wrote:
Mon Oct 01, 2018 11:56 am
LOL. This implies each renter drove it for about 300 miles. If it had been rented that much, it would have spent more time parked between rentals than being driven.
Why would it spend more time parked than driven? The car can be rented back out within hours of being turned in.
Renter 1 has the car for x days and ~300 miles. The day after the car is dropped off, Renter 2 puts on another ~300 miles. And so on.

How many miles do you think the average person puts on a rental car?

Most are not renting all of those Nissan Versas & Chrysler 200s to drive cross country.
They are flying into a city and need a car to get around, or need a car for a week while theirs is being repaired, ect.

TheAccountant
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Re: Used Car on Lot for Year and a Half

Post by TheAccountant » Mon Oct 01, 2018 1:47 pm

Guys, it's a $ 5,000 used car, not a Boeing 747.

Get an INDEPENDENT (Not the place selling it) mechanic to do a pre-purchase inspection. If that's good, look at it yourself and make sure you don't see anything that's off. Bring a mechanic friend if you don't know anything about cars.

Make a cash offer around what KBB or Edmunds says it's worth private party (never pay dealer retail.) Buy it, and drive it into the ground. Done.

badger42
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Re: Used Car on Lot for Year and a Half

Post by badger42 » Mon Oct 01, 2018 1:59 pm

The biggest danger there really appears to be "sitting for a year and a half", particularly if it was started up to move it around periodically but not actually warmed up - internal corrosion can easily get you into "new engine" territory.

However, this is easy to deal with - when you take it to your independent mechanic for an inspection, let them know the history. They can check for corrosion / damage. If it seems clean, buy it, drive it, don't worry about it. These are simple, sturdy cars.

michaeljc70
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Re: Used Car on Lot for Year and a Half

Post by michaeljc70 » Mon Oct 01, 2018 2:19 pm

Sitting there for a year and a half and it formerly being a rental are two red flags to me. I'm not sure how many red flags you need.

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celia
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Re: Used Car on Lot for Year and a Half

Post by celia » Mon Oct 01, 2018 8:55 pm

researcher wrote:
Mon Oct 01, 2018 12:37 pm
celia wrote:
Mon Oct 01, 2018 11:56 am
LOL. This implies each renter drove it for about 300 miles. If it had been rented that much, it would have spent more time parked between rentals than being driven.
Why would it spend more time parked than driven? The car can be rented back out within hours of being turned in.
Renter 1 has the car for x days and ~300 miles. The day after the car is dropped off, Renter 2 puts on another ~300 miles. And so on.
Researcher, I was only commenting on your post. OP never said how many miles this car had on it or how many renters it had. I just divided your proposed number of drivers into your proposed mileage to get 300 miles per driver.

You could also look at it this way: The car is 9 years old. Knowing that it's been on the current lot for 1.5 years, means it was only driven for 7.5 years. 37,000 spread out over 7.5 years is 13.5 miles a day. That is a lot less than 1 hour a day it was driven. It was parked the rest of the time.

billy269
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Re: Used Car on Lot for Year and a Half

Post by billy269 » Tue Oct 09, 2018 10:56 am

I ended up passing and got a 2013 Honda Fit with 83K for $7500. Seems like a pretty good deal and although more $ than the Vibe, was only 1 owner, newer, less miles, and no sitting. My wife only drives around 5K miles per year, so hoping it lasts us 20 years!

Smoke
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Re: Used Car on Lot for Year and a Half

Post by Smoke » Tue Oct 09, 2018 12:10 pm

Just wondering if the fuel in the tank is 1.5 yrs old as well.

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sunny_socal
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Re: Used Car on Lot for Year and a Half

Post by sunny_socal » Wed Oct 10, 2018 11:04 am

billy269 wrote:
Tue Oct 09, 2018 10:56 am
I ended up passing and got a 2013 Honda Fit with 83K for $7500. Seems like a pretty good deal and although more $ than the Vibe, was only 1 owner, newer, less miles, and no sitting. My wife only drives around 5K miles per year, so hoping it lasts us 20 years!
Fantastic vehicle! I had 160k on my Fit when I sold it to my brother, he now has 220k on it. Still going strong, just needs oil changes and tires :beer

Living Free
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Re: Used Car on Lot for Year and a Half

Post by Living Free » Wed Oct 10, 2018 6:36 pm

billy269 wrote:
Tue Oct 09, 2018 10:56 am
I ended up passing and got a 2013 Honda Fit with 83K for $7500. Seems like a pretty good deal and although more $ than the Vibe, was only 1 owner, newer, less miles, and no sitting. My wife only drives around 5K miles per year, so hoping it lasts us 20 years!
Nice! I also have a Fit, a 2013 sport model. I bought it used last year. I've been very happy with it so far. It was on the car and driver 10 best list for its entire first and second generation (2007-2013).

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