Whether it's worth the repair costs to buy a truck priced under $1,000 varies depending on the truck and the necessary repairs. Trucks priced under $1,000 don't always have major mechanical issues, especially if the truck is old and has high mileage. When buying a truck in this price range, the buyer should research its history and have a mechanic evaluate it.Continue Reading
Dealers usually don't sell vehicles for under $1,000 as they wouldn't make enough of a profit, so a buyer looking for a truck in this price range should look for private party sales. To find private party sales, he should check classified ads in the local newspaper and on classified websites, such as Craigslist.org.
While the buyer can ask the seller about the truck's history, he should also get a Carfax report using the truck's vehicle identification number. This report provides information about any accidents involving the truck. He should take the truck to a mechanic, as the mechanic can provide information on any repair the truck needs and the estimated cost for these repairs. While mechanics charge a fee for this, it's worth it to avoid buying a truck with major issues.
When buying a truck for under $1,000, the buyer's main consideration is if it runs. He should expect possible damage to the body or interior, although this isn't always the case.Learn more about Buying & Selling