Forget the kids; I need the info you posted. I'm actually looking now for a small pickup or Ford Transit Connect van in the $10,000 and under range. The info you posted was helpful to me. I don't have much experience buying vehicles because I was a poor pioneer for so long and only bought a couple of extremely cheap, but mechanically good, used cars over the years and drove them for years until they just couldn't go anymore.
dubstepped, I did the same. Always paid cash. I'm 60ish and have never had a car loan. About 15 years ago, I was desperate for a car. Found one in a neighboring state from a private seller. It was a Ford Escort wagon with 199,000 miles on it. I know that's a lot, but I was desperate, and she only wanted $1500 for it. She was a schoolteacher, and she told me the miles were mostly highway miles accrued during visits to her mother. She didn't have to tell me this, but she said that for some strange reason it just sometimes wouldn't start. She said she took it to a mechanic, but he couldn't figure it out. That made me really trust her. Also, I knew that it had to be something simple.
I asked her whether she would take any less, and she said her lowest was $1400. I wrote her a check (and she trusted it). I drove that car for years. It reached over 300,000 miles with no major issues. It started having valve problems which could have been repaired, but I figured that with the age and mileage, it would be better to just let it rest. Also, the lady was right about its not starting sometimes. The engine would turn over fine, but it just wouldn't fire up. You could roll it a couple of feet sometimes and that would make it start. I thought it must have been some kind of sensor. Sure enough, my mechanic found a bad sensor and replaced it, and I never had that problem again. That was an honest woman.
I'm about to have to get my first car loan, though, because I don't have the cash now for one. That's one reason why GreatTeacher's post was helpful to me.
OFF TOPIC: GreatTeacher, you just posted on another thread something about living near Maryland or something like that. For some reason, I always thought you were across the pond with the Brits that post on here. You're in the U.S.????