Hi,
I am looking to buy a used Volvo 850 to replace my aging (20 years!)
240.
I have found a 1997 850 GLT (light pressure turbo model) from a
private seller who has excellent credentials. The car is in amazing
condition. Everything is spotless. All regular maintenance has been
performed and the only problem has been a dead battery.
So, what's the problem? In a word, mileage. In 4 years, the car has
done almost 94,000 miles (150,000 kilometres). So, in mileage terms,
we're looking at a 6-8 year old car. According to the owner, the
majority (50 - 75%) of the mileage has been highway driving.
The owner is asking about $13,250 US ($21,000 Canadian dollars).
I have three questions that I would very much appreciate some help
with:
1. Should I consider buying the car at all?
2. If so, what would be a reasonable price? Edmunds.com says
$13,000 US. KBB.com says $12,650 US. Both quotes seem too high to
me.
3. If I buy the car, should I also buy an extended warranty? I am
concerned, given that none of the major components has had to be
replaced, that I might face an expensive repair bill for a new
transmission, suspension, etc. I got an Internet quote on a
comprehensive extended warranty for 10 years/48,000 miles for $2300
US.
Thanks very much for your help on this matter.
Jon.
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