How much should I pay for '02 GTI 1.8t w 70k miles?
Its from a private seller. I checked out the car. It's in great condition cosmetically. I took it in to a mechanic and it had these issues
$710 Error code for catalytic converter (needs new one) $220 Error code for oxygen sensor $ Error code for seat belt indicator $240 Missing front left wheel well cover $100 Crack/leak in the booster vacuum hose
$220 Needs new mid muffler $150 Needs new strut mounts $30 Needs new wipers $780 Timing belt service due
I have a garage and a decent toolset. I figure I could handle the o2 sensor, wheel well cover, vacuum hose, strut mounts, and wipers. That would bring the total repair down to about 1600-1700 including parts.
Blue book for private party pristine condition is 4k. Dealer is 5-5.5k. The guy is really intent on selling it for 5k, but I don't think its a fair price given all the above issues.
It's kind of a hard car to price given the low mileage and that it's an enthusiast's car. I would really like to buy it, so I've offered him 3900. Should I cave and offer more? Thanks.
Also, am I getting into a money pit if I buy this? These cars don't have the greatest reputation for reliability