I haven't posted to Oppo for quite a while. Mostly because I'm lazy, but more so because I wasn't an author.
So here goes. WTF is wrong with the Used Car Market. I know that C4C really took a number on the sub $1k beaters that used to be readily available for anyone who needed cheap transportation. The transaction usually went like this.
Me: Thats a sweet Lincoln Mk5 with an interior that smells like urine and smoke. How about $500?
Redneck: Sure, but I get to keep the spare tire.
So this brings me back to my problem. I've been searching for a decent car in the $4k-$5k range. You know the drill, stick, decent power to weight, a litany of required things that my wife is getting sick of me reciting. In that price range I was looking at the usual FWD crowd (civic si, integra, RSX, etc.). I'm not a ricer by any means but I have owned enough Honda/Acuras to know that they are safe, reliable and fun if the right boxes are checked. KBB and Edmunds tell me the following:
1999-2000 Civic Si: $3300
2000 Acura Integra GSR: $3400
2002 Acura RSX Type S: $5200
Thats all well and good. I can definitely work within those prices. However, this isn't the case on craigslist. Craigslist finds me the following:
1999-2000 Civic Si (salvage, cheap engine swap, 250k miles): $4500
2000 Acura Integra GSR (stanced, salvage): $6000
2002 Acura RSX Type S (reasonable miles, rims): $12000
And this isn't some random set of listings I found, this is true for just about every "enthusiast" car on the market, WRX, Miata, M3, etc. I don't know what the problem is. I don't expect KBB to perfectly predict pricing, but I expect people to be somewhat reasonable when setting up an ad for a used car. I don't want to pay 50% of the original value for a car that is 15 years old.
So whats the problem Oppo? Did I miss the used car train in the last few years, or are you finding that used cars are obscenely expensive compared to what you feel they are worth?