Don't flame me yet for having a V6! Read the post!

Theres this guy I know that is selling his 2001 SVT Cobra 'Vert with a few mods, nothing really worth listing. The car has 83,000 miles on the clock, and he was asking $12,500 ... I talked him down to $10,000. The paint on the car is flawless except for the hood, which for one reason or another was repainted and done fairly poorly. It's chipped in a few places. Other than that, the interior is clean (although the leather is SLIGHTLY worn). The car is black with a PB top, and black interior. Car looks pretty sharp, but is $10,000 too much for a 2001 Cobra 'Vert with 83,000 miles?

 

Nope, I think $10K is about right.

 

And would it be wise to sell my 2002 V6 and use the Cobra as a DD even with that many miles on it? How many miles before that engine craps out???

 

depends 100% on how poorly maintained and abused it has been througout its life. If its been taken care of, you shouldnt have a problem DD'ing it.

 

+1. If it was maintained properly then 83,000 is nothing for a 4v motor. Cobras are great DD's.

 

Well he's never brought the car to the track or anything, but we all know that he has gotten on the car often since it is a Cobra after all, lol. So 10,000 is about the right price? And how much would it cost to get the hood re-painted the right way, and the drivers seat leather fixed (nothing big, just a little faded on the side)?

 

I would say its worth it. The engine is built to be pushed we mean maintained as in oil changed ever 3k and that kind of stuff.

 

That sounds like a steal to me... are you actually gonna buy one this time

 

Alright, so I'm new to this whole loan thing ... Do I take out the $10,000 loan, sell my car, and then pay the whole thing back after the car sale? I have the money to straight up buy it, but I don't want to spend $10,000 all at once. I was thinking take out the loan, sell the car, pay back the difference between the car sale and the loan.

 

I'm trying to ... For some reason I suck at the whole online car purchase thing, and have lost out on 3 cars in the past 2 months ... Not planning on letting this one go if I have anything to say about it. I believe I was interested in your 2004 GT a long time ago right? Was it the auto?