How is an '87 Camry worth $2k?

"AdverseMartyr" (ewilliamson) 01/11/2015 at 17:56 • Filed to: None

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I checked it against NADA and while they only give retail, this person's asking price seems to be in line with the car. But how is an old Camry worth that kind of money? Aren't there still a million of these things on the road?

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Well, I guess I just haven't adjusted my mind for inflation. Everyone agrees its a great price (which I don't disagree with at all. I just have trouble wrapping my brain around the idea of a 28 year old Camry as having any value even with all the meticulous care.) And truthfully if I needed a DD this would quite possibly be my first choice off of craigslist here.

Dwhite - Powered by Caffeine, Daft Punk, and Corgis > AdverseMartyr 01/11/2015 at 18:00

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Its all about condition.

And this is an amazing condition.

QCGoose > AdverseMartyr 01/11/2015 at 18:01

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These days, I'm surprised you can find ANY running car for $2k. Seems most cars priced up to $2000 are missing an engine, rusted in half, totaled, just a shell, etc.

Old or not, IMO a running Camry, no, a running CAR for $2k isn't bad at all. One that's in good condition, I wouldn't even think twice about spending $2k. That's flat-out cheap.

TheHondaBro > AdverseMartyr 01/11/2015 at 18:03

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I'd pay $2000 for a working reliable car.

Also it's got low miles and it's in really good condition.

NP all day.

JayZAyEighty thinks C4+3=C7 > AdverseMartyr 01/11/2015 at 18:03

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Seems like there are a few reasons. For one thing, this is back when Toyota was making excellent cars. This is also the last Camry that wasn't made specifically with the American market in mind; unbloated and overbuilt. Third, this is in Hawaii where it seems that everything is expensive and it's in great shape. If I had $20k just to buy a Camry, I'd buy one like this with a stick rather than a CPO one.

crowmolly > AdverseMartyr 01/11/2015 at 18:06

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For starters... it's in Hawaii.

It's not like you can just go to another state to poke around, etc. or that there's a massive amount of used cars going around. Sure there are some, but it isn't, say, Baltimore or Atlanta.

Plus it appears to have a documented new motor and steering rack, both of which are not cheap.

dogisbadob > AdverseMartyr 01/11/2015 at 18:09

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inb4 thanks obama :p

No really though, what everyone else said

E92M3 > AdverseMartyr 01/11/2015 at 18:11

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ANY car that runs and drives is basically worth $2000. Add another $1000 if it's a pickup truck. Sure you can find a few "running" cars for cheaper but they can't be driven far as-is. In fact you'll be lucky to make it home. They'll need brake work, a head gasket, a clutch, or transmission work (often more than one of these things).

Dr. Zoidberg - RIP Oppo > AdverseMartyr 01/11/2015 at 18:13

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That's a great price.

Tinfoil Hat in a thunderstorm, now with added diecast > AdverseMartyr 01/11/2015 at 18:38

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"But how is an old Camry worth that kind of money? Aren't there still a million of these things on the road?" Asked and answered your own question.

AdverseMartyr > E92M3 01/11/2015 at 18:46

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Actually, there is one thing I disagree with you on for Hawaii. If the car starts and moves then for most people anything you buy will almost certainly make it the few miles back home with babying and a little thought for when you make the drive. Most everything that people will consider buying is within a 15 mile radius of them. Any farther and it's the other side of the island and too far for anything that cheap.

What I would agree with is that almost all of those "running" cars will be back taxed and illegal to even put on the road if it isn't being towed. The first thing to run from is an ad that says "registration not current" or "last registered two years ago." That's almost always a junk car compared with how expensive the cost to get it back on the road is going to be.

E92M3 > AdverseMartyr 01/11/2015 at 19:25

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If we're talking Hawaii I would imagine prices being even higher for driving cars just because of the limited options. Is that not the case?

AdverseMartyr > E92M3 01/11/2015 at 19:40

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It is, but I think it's really dependent on which island you are talking about. Oahu has Honolulu so the market is limited in about the same sense as most cities from what I have observed. Another island won't have the population for a large market of cars and that drives prices higher. I honestly saw the biggest spike in prices due to Sandy. It took my $2500 ZX2 and made it worth $4000 when it was rear ended. That was because of the market forces on the mainland though. Otherwise, I don't think prices are that much higher on everyday cars. That's at the bottom end of the market though. Newer cars might be more expensive because the added shipping cost hasn't really been reduced by depreciation.

I will add that when I lived on the Big Island it could be cheaper to buy a car from Oahu and pay the $400 to ship it over. In fact I helped a buddy buy an Expedition here and ship it over there. All told he saved about $1500 over anything similar he could find on the Big Island.

HFV has no HFV. But somehow has 2 motorcycles > QCGoose 01/14/2015 at 22:05

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it is crazy that I can find cars like a 92 camry that I paid 1800 for in 2008, and now some one will bee asking 2500 for the same car.

Tohru > E92M3 01/14/2015 at 22:12

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This is very subject to where you live. My Ram 50 isn't worth $3k, and it was like pulling teeth to get the $1250 I did for my '97 Escort sedan 5sp.