Rebuilt '05 Subaru Outback w/ 200K worth $5,000?
I recently moved to Vermont, been looking to buy a Subaru, and happened to meet an independent mechanic who seems knowledgeable and honest.
He's rebuilding the motor on a 2005 Outback which is rust-free. He said the head gasket was leaking - but just a little bit. Could have been driven on for a while, but he's doing the repairs and replacing some other major parts in the motor which he seemed confident would give the car another 100,000 miles. Wish I knew what he was talking about when he explained all the work he's doing.
He's also taking care of any issues with the drivetrain and alignment. He said he's not sure whether he'll have to work on the rear alignment, but that he'd rather have the job done right and lose the sale over the $200 in extra repairs rather than let the car leave the shop with unresolved issues.
So I feel like I can trust this dude, and I'll be able to talk to him about maintenance and any future repairs. But 200,000 is a lot of miles. Is it reasonable to expect to get another 100K?
KBB says it'd be worth around $4,400 - but this isn't taking into account the new engine parts.
It'd be great to buy a used car that's already been gone through by a mechanic. I don't want to risk buying through Craigslist and ending up with a car with serious problems. Don't want to pay out the wazoo by going through a dealer. Feel like this my best bet. But I don't want to jump the gun and regret it later.
Opinions and things to consider?