Reasons it MIGHT be a bad idea:
* High mileage: 160,000 miles is a lot for any car, especially a performance car like a Camaro. Expect significant wear and tear on many components: engine, transmission, suspension, brakes, etc. Major repairs are much more likely.
* Maintenance history: A complete and meticulously documented maintenance history is crucial. Without it, you're taking a significant risk. Neglect can lead to expensive problems down the line.
* Potential for expensive repairs: Repairing a high-mileage Camaro can be costly, especially if parts are specific to the model year. Factor in the potential cost of repairs beyond the purchase price.
* Depreciation: The car has already depreciated significantly. Further depreciation is inevitable.
Reasons it MIGHT be a good idea:
* Price: A high-mileage Camaro will likely be significantly cheaper than a lower-mileage one. This could offset the risk of potential repairs.
* Well-maintained: If the car has been meticulously maintained with all services documented, the higher mileage might not be as big of a concern.
* Specific model/year: Some years or models might be more reliable than others. Research the specific year and model's reputation for reliability.
* Your mechanical skills: If you're mechanically inclined and can perform some repairs yourself, you can mitigate the cost of ownership.
Before you buy:
* Thorough pre-purchase inspection: Get a comprehensive inspection from a trusted mechanic specializing in the make and model. This is absolutely essential.
* Test drive: Pay close attention to any unusual noises, vibrations, or performance issues.
* Check the Carfax/AutoCheck report: These reports provide information on the vehicle's history, including accidents, title issues, and maintenance records.
* Negotiate the price: Knowing the potential for repairs, negotiate a price that reflects the risks involved.
In short: A high-mileage Camaro *could* be a good deal, but only if you're prepared for potential major repairs and have done your due diligence. The pre-purchase inspection is the single most important step in making an informed decision. If the price is too good to be true, it probably is.
