FPSPearce

2002 mazda max5 miata for sale for 5,665.
if you dont know about the miata it is small convertible 4 cylinder with 142 BHP (i think) 22 city mpg 28 highway.
it has 80674 miles on it, a 5 speed manual, dark blue exterior and grey interior and from all posted pictures of it no body damage seems to be present
the vehicle description is

This vehicle is branded "rebuilt" on the title.All power equipment is functioning properly. No defects. There are no problems with the engine. Overall, this vehicles exterior is clean. The interior of this automobile is clean. The miles you see are the actual miles for this vehicle. The transmission in this vehicle still shifts smoothly. Not being the original owner of this automobile means savings for you. Come see how easy it is to qualify. NO credit check! Easy financing and easy payments!
Air Conditioning
Convertible
Power Steering
Alloy Wheels
Cruise Control
Power Windows
Bucket Seats
Manual Transmission
Tilt Steering
CD Player
Power Door Locks

Lot Financed Estimated Payment
$320/Month loan
36 Months
$1,000 down payment
*subject to approval

RIWWP

iTrader: (2)

Generic dealer descriptions mean nothing. It's easily ~$4,000 lower than it should be, but that appears to be explained by the rebuilt title. It could be a huge problem, or not one at all.



This is a better question to ask over on Miata.net. While some of us also/used to own Miatas, it's not really the target audience to ask

FPSPearce

will do thanks for the suggestion. and out of curiosity do you know what the rebuilt thing could mean

RIWWP

iTrader: (2)

It means that this vehicle was totaled at some point in the past, and someone bought it, repaired it enough that their state's DMV was willing to issue a rebuilt title.

The two VERY big questions about rebuilt title cars are:
A) Was it actually fully repaired?
B) Was it totaled for something stupid and there is no damage? (example, if an NA series Miata has an OEM hardtop stolen, it technically totals the car, as the replacement cost of an OEM hardtop is ~$3,500 vs a car value of under $5,000)

You may also have problems getting insurance companies to insure rebuild cars, or banks willing to issue loans to buy them.

FPSPearce

after going on the miata website they thought i was a troll that was trying to sell a ridiculous car. they said the price on the car was ridiculous with around 65% intrest rate and other than that nothing that bad

9kfun

Lot Financed Estimated Payment
$320/Month loan
36 Months
$1,000 down payment
*subject to approval


do the math, if the car is 320$ a month for 36 month with a 1000 down thats an obsured price and adds up to $12,520

RIWWP

iTrader: (2)

He was just copying the dealer description, which includes their obviously overpriced financing offer. The financing offer has nothing to do with the integrity of the car they are selling.

If you want to look up absurd financing rates, go look at Western Sky...

RIWWP

iTrader: (2)

I found the thread. One guy is wondering if you are a troll, the rest are too focused on the financing as well.

I'd stay away from it just because of the rebuilt title. You can find clean title 1999s (same body style) for the same price.

Try Cars.com and Autotrader.