I’ve actually been looking at cars in that range, up to 2000 dollars. What I’ve found is that you are going to get find cars with an excess of 200k on them but run well still, bad body damage, or some phantom problem the owner doesn’t want to deal with.
Personally, I like the cars that have a potential problem and craigslist ads help the savvy buyer decide whether it’s worth looking at or not.
Here’s things I look for.
If the car is TOO CLEAN, then it means they are trying to cover something up.
If the owner says the fix is only a hundred bucks, then why didn’t they put the money into it and sell it for more?
I’m wary of how an ad is composed when describing a problem. For example, I read one ad that spoke of all the new parts put into the car. The list was an obvious laundry list of parts thrown at the car to fix a larger problem ( Ie. new thermostat, radiator, hoses and they say it needs a new water pump otherwise it’ll overheat in a couple of miles….)
flags go up for an over heated motor, potential head gasket/cracked head issues unless a visual inspection of the car indicates coolant leaking out of the weep holes for the water pump .
I am also wary of any car that is for sale cheap with high miles when the seller doesn’t know anything about the car and is reselling it because they got it “in trade” or whatever other reason that it came into their possession.
Most cars will hit 280-300k if they aren’t smoking, overheating and still produce decent power and have a little maintenance done to them. If the car has a timing belt, it’s not a bad idea to replace the timing belt unless the owner provides receipt of one being done if the mileage is over 100k. Transmissions will last a long time, but you want to smell the dipstick to see if you can detect any “burnt” smell coming from the fluid after taking it out for a test drive. If the shifts are smooth at a normal pace, but firm when the pedal is depressed you are generally in good shape. If the shift from 1st to 2nd is harsh no matter how hard you push the accelerator, that’s a flag. Something is wrong with that transmission.
Now the kicker. If you have a particular vehicle in mind, say a VW Golf, go drive one out of your price range and use that as a measuring stick against the cheaper more “experienced” versions in your price range to determine the overall health of the car.