Ok so I have a chance to buy an '03 Regal GS with 72k miles and it's mint and loaded. Here's the catch. It's in southern California. My friend has been trying to sell it for a while and he just can't sell it out there. So last night he said he'd be happy to get rid of it for $3,000. KBB is around $6k. Then I told him I'd buy it if he bought me a plane ticket and I'll just drive it back. He said sure. It's slightly modded and recently put a $3k built trans in it. It has a few other mods (little more than mine but not much).
I'm thinking of going out there, driving the car back and then selling mine. My car is just about paid off. KBB on my 99 Regal is $4500. Sell it for around that much, pay off the car I'm getting from Cali and bank around $1500-2k and pay off some bills.
I'm going to try to get him to get another ticket for my wife and we can make a small vacation out of it. He works for Toyota and said he has like 300k flier miles so getting another ticket shouldn't be an issue. He also has a company car so this one has pretty much sat for 2 years.
I really don't see any downside to this other than a really long drive back but if I my wife goes she could drive too. Any other opinion?