I'm about to make an offer on a 1988 Cherokee Ltd. They're asking $5000 OBO and blue book is $6700, but it feels ridiculous to pay that much money for a 14 year old car with 225,000 miles on it. I've never owned a Jeep before, but I need a good deal and I like this car.
I want to make an offer of $3800 cash. They say they put a new engine in at 190,000. It needs brake work and a few little things like a blinker light cover. The interior is in good condition, the paint is in good to fair condition . . . it's red with the premiums gold wheels and four new Firestone tires definitely not from the recall batch.
Is $3800 a fair deal for both of us on a 14 year old Jeep with 225,000 miles on it?
Thank you!
