Originally Posted by mcfarmall
Not always. Picked up a 97 Taurus GL 133k miles, 3.0l vulcan v-6 for $400 and it runs/drives like a champ. Yup it has some rust underneath but nothing that is a show stopper.
x2. In 2008, the '05 fully-loaded Pathfinders were going for $22k-$24K with 40K+ miles on them. I found one for $17K with just 18k miles on it; thought it was too good to be true, went to look at it, and was sold. It's towed our campers and hauled our family over 100K miles now and never a major issue; I lost money on the extended warranty because we never had to use it.
In 2006, also bought a 2004 G35 with 40K miles for $18K when they were averaging $21-23K. I drove it until 100K miles, and gave it to my brother, who drove it up to 160k miles.
There are deals to be had if you're patient.
In the case of this deal though, yeah, I'd walk away too (unless you're really handy).
The hole in the fender will only get worse....