I was thinking of buying my mate’s 2006 Hyundai Grandeur. It's done 250,000kms and has been regularly serviced without any problems, my mate says. He wants $3500. Is this a worthy buy?
The Grandeur was Hyundai’s first serious crack at a large luxury car. The V6 engine and automatic transmission seem pretty sound over time, but the kilometres on this example are right up there. Any car with this many kilometres could be a candidate for new suspension, new brakes and who knows what else. So, what may seem on the surface like a bargain (the average price is closer to $6000 or $7000) might not be the case if you have to scrap the car in a year or so because it needs too many repairs.
Then again, at the price, you’re not throwing away the national debt, are you? So perhaps, if you trust your mate, it’s worth a punt, but only if you can comfortably afford to walk away from it if it goes wrong.