Question on buying an 03 Elantra
A private seller has one in exc. condition, for $6K, his pay-off
amount. I like the 33 MPG HWY gas mileage....but it is a negative for me that it has auto trans. The Blue Book value for a private seller is $6700. Its 4-DR sedan, AC, AT. Has abt 87K miles. I see that the value has gone down abt $800 from last years' Blue Book compared to this years'. Would it be a reasonable assumption that it will go down in value another $800 after one year (summer of 2007)? Also, it is being financed by Navy Federal Credit Union by voucher check. I have not had good luck with transmissions.... if it breaks, the car is dead, as there is not $2 or $3 K (or whatever) to replace/rebuild it. So is it possible to buy a waranty for late model cars purchased from private sellers? I am expecting to leave the country in another year, and so will be selling it then. Just need a short-term waranty. The last question is---does the engine have interference-type valves that damage the motor if the timing belt breaks? Does it need a timing belt change at 100K miles? Is it particularly difficult or expensive on this 2 L 4-cyl engine? |
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