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Advice Pls: Should I buy high mileage '97 850 GLT 850 1997

posted by  someone claiming to be Jon on  Mon Oct 29 09:08 CST 2001 [RELATED]

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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