I went to carMax recently to get a price on my 2004 Ford. Just out of
curiosity. They said it was in very good condition and they'd give me
$7k. I asked how much to buy the same car in the same condition and it
was $12k. I only paid $13k 3 years ago from Ford and that included an
additional 5 year warranty.

On Nov 28, 2007 1:09 PM, Adam Churvis <[EMAIL PROTECTED]> wrote:
> No, we bought the car *very* used (but perfectly safe and usable) at a very
> good price.  Previous owner ran the living hell out of it before we got hold
> of it.  I fully expected to need a complete engine rebuild after four or
> five years.
>
> The Geo Prizm is actually a Toyota Corolla, IIRC.  The Corolla engine is
> famous for its reliability.  The only thing I've heard that needs particular
> attention is the timing belt, and normal maintenance takes care of that.
>
> So now we get a new (probably a certified rebuild, which is just as good)
> engine that should last a good 100K+ miles.  I'm assuming that they aren't
> replacing the transmission, so that will probably be the next major assembly
> to fail, but that's reasonably expected considering the history.
>
> I believe the entire thing is going to cost us $75 out of pocket on the
> deductible.  The total financed cost of the extended warranty is way less
> than the cost of this one repair alone.  All other repairs on the engine
> have been reasonable and expected by anyone's standard, and they have been
> few.
>
> This is a great deal.
>

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