Automotive

used car that's 10 yrs old

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  • Jul 10th, 2020 3:04 pm
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[OP]
Banned
Jul 13, 2019
317 posts
96 upvotes

used car that's 10 yrs old

guy selling 2010 Subaru Forester with 90k km (56k miles) for about 10k Canadian

pretty low mileage gvoen how old it is but ....should I even consider....
12 replies
Deal Expert
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Feb 11, 2007
19162 posts
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GTA
Seems like a lot for an old car. Age damages it at least as much as mileage (which mostly affects consumables). You're looking to buy from the USA?
If the women don't find you handsome, they should at least find you handy.
[OP]
Banned
Jul 13, 2019
317 posts
96 upvotes
engineered wrote: Seems like a lot for an old car. Age damages it at least as much as mileage (which mostly affects consumables). You're looking to buy from the USA?
no sorry I just said Canadian as I have a habit of doing that as I am on US forums lol
Deal Guru
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Jul 12, 2003
12343 posts
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Toronto
$10k is not bad consider the low mileage. Bring the car to your preferred mechanic and get it inspected.
If the car is clean, no major immediate repairs and you like the SUV, then go for it,
Retired Forum Moderator February 2009 - June 2015
Deal Addict
Apr 22, 2013
2941 posts
2348 upvotes
Markham
2010 means its still on the EJ25 engine as it was the final year for the Forester, definitely get this one compression checked when you have a mechanic look at it.
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Feb 17, 2015
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90.00° N, 135.00° W
Dont forget the CARFAX report! Will tell you more about the vehicle.
joyceetal wrote: guy selling 2010 Subaru Forester with 90k km (56k miles) for about 10k Canadian

pretty low mileage gvoen how old it is but ....should I even consider....
Deal Addict
Nov 16, 2011
1496 posts
1201 upvotes
HAMILTON
$10K for a vehicle that is 10 ( almost 11 ) years old is not reasonable by any stretch.

There is nothing particularly outstanding about that make/model that would add to the value.
Member
Sep 7, 2007
333 posts
173 upvotes
Woodstock
joyceetal wrote: guy selling 2010 Subaru Forester with 90k km (56k miles) for about 10k Canadian

pretty low mileage given how old it is but ....should I even consider....
That's reasonably low mileage. Only once have I bought a used car less than 10 years old, but it's your money. However, $10k us an awful lot for a 10-year-old car.
Deal Addict
Jul 17, 2003
1340 posts
227 upvotes
Toronto
Which trim? Select the trim and check off the options and km's. This site gives you an idea of what the retail value and trade-in value is. The price it shows tends to be lower than what shows up on Autotrader, so the real market value is probably somewhere in between VMR's retail value, and Autotrader's asking price.

http://www.vmrcanada.com/used-car/value ... ester.html
Newbie
Nov 23, 2014
92 posts
103 upvotes
Regina, SK
luckystrike1 wrote: $10K for a vehicle that is 10 ( almost 11 ) years old is not reasonable by any stretch.

There is nothing particularly outstanding about that make/model that would add to the value.
What? Lots of 10 year old vehicles are worth $10k, particularly ones that are a bit more expensive to start with and have relatively low kms, as is the case here.

Depending on the vehicle, I find that every extra 10,000 kms depreciates the vehicle by somewhere between $300 to $600,
A few years ago I was looking for a Chevy Equixox that was 3 years old. Since there are so many of them for sale I made a spreadsheet with asking price and kms of all of the vehicles with all of the options I wanted. It averaged out to about $500 per 10,000kms. On average, a vehicle with 80,000km was $2000 cheaper than a similar vehicle with 40,000kms. I think the older the vehicle gets, the value per extra 10,000kms goes down. So, on a 10 year old vehicle a vehicle with 100,000kms may only be worth $1000 or $1500 more than a vehicle with 150,000kms.

Of course there are more factors that come into play, but I always try to quantify what lower kms is worth to me.
Deal Addict
Nov 16, 2011
1496 posts
1201 upvotes
HAMILTON
We are not taking about " other " 10 year old vehicles .................. the issue is a 2010 Subaru Forester with broken ac.

a 2010 Subaru with 90,000 km and a broken ac unit and other unknown problems is simply not worth $10k. Period .....

Do a search on autotrader and kijiji and see how many Subaru Foresters of that era , never mind with a broken ac, are valued at $10k.

should be easy for you since you love spreadsheets ................................
Deal Addict
Jan 13, 2014
2391 posts
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Calgary
10k is high. Car's book value is around 6-8k. I just picked up a a high mileage 2010 Mitsu Outlander GT for 6.5k (200,000 KM) for daily driver. I priced in all the repairs (about $1600 with labour for timing belt, water pump, manifold gasket, front brakes, rear shocks, radiator flush, spark plugs, inner and outer tire rods and oil change ) and the car is ready for other 100k km. Maintenance and the history of it is key.
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Sep 22, 2005
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Ottawa
There's more to a car than just the model year and mileage to consider whether it's a good deal or not. You need to look at the overall package - condition, maintenance, trim level, options, market area, etc. Compare what they are asking vs. other vehicles in your market, the trim levels and options may make a huge difference between vehicles of similar model years. 2009 is also the first model year of that generation Forester.

With so little details about this car, it's overpriced for $10K based on the known mileage only. I see a 2009 2.5X with 77K for $10K, 2010 2.5X Sport with 144K for $6K, 2010 2.5X Sport with 128K for $7.5K or another 2010 2.5X Sport with 127K for $7.6K, all based on #s alone before checking out details. This is from the GTA area, other geographic regions may have higher or lower prices depending on supply and demand.

Check out this site for problems with the Forester to give you some ideas of what to expect.
https://www.carcomplaints.com/Subaru/Forester/
The owners' forum is a valuable site to learn about the real issues with the car before parting with your money.
https://www.subaruforester.org/

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