2003 Kia Specta Runs Drives Great A/c Heat Blue/ Gray Int 4 Cyl Good Gas Mileage on 2040-cars
Belmar, New Jersey, United States
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This is a 2003 Kia Spectra base model, being offered for sale. The Spectra is located in central NJ, and can be picked up or shipped. The car runs and drives great! It has a pretty blue exterior, with pinstriping intact. The air conditioner works excellent, and gets the air very cold. The interior is in very good condition, with no holes or tears in any of the upholstery that I could see. A good steam cleaning will restore the interior to a sparkling new look. The floors have some wear visible, as does the inside of the driver's side door. There are a few spots on the exterior where rust is visible, but the areas are small. A little bit of matching paint will prevent the rust from spreading. The damaged areas are in front of the driver's side mirror, and by the two rear wheel wells. The damage spots by the wheel wells are very small, two inches each at most. The damage in front of the mirror is a bit larger, and can be seen in one of the photos below. The undercarriage shows a small amount of rust, which is to be expected in a car driven on the east coast, where snow and salt cause at least some rust to most cars on the road. Under the hood, however, is clean and free of rust or other defects. When you look under the hood, it looks like a practically new car, with even the motor looking almost new from the outside. It appears that the former owner took very good care of the parts under the hood. The oil does not smell or appear to be burnt, and the transmission shifts smoothly. Even with the exhaust leaks, this car does not make much noise at all when driving. Regarding the vehicle's mechanical operation, this car drives well. The idle air control motor was replaced in error, as it was not the actual motor that was broken. So the IAC itself is brand new. The connector for the idle control motor is the part which is broken, and can be obtained from a junkyard and installed by a mechanic for generally less than $50. Due to this problem, the CEL is illuminated, and when the car is idling, the sound of the idle can be heard to go up and down as the connector moves with the vibration of the car. The two front wheels have wheel bearings that are making some noise. It is not a large amount of noise, but they should be replaced within the first month or two of ownership. The mechanic who checked them out said that the car may drive for awhile just as it is, as wheel bearings will make noise for some time before they actually break. When the car was purchased, the wheel bearings were not making any noise, so this is a new problem. In addition, the exhaust has a few leaks in it that should be repaired. If you are purchasing this car in a state that does not require computerized emissions testing, then the only repair that is really necessary is the wheel bearings, as the other problems do not affect driveability, but only inspection eligibility. Such states include Alabama, Alaska, Florida, North Dakota, South Carolina, etc. This car would be perfect for you if you live in one of those states. I have had a mechanic look at this car, and while I cannot guarantee that there are no other issues, these were all the issues that he was able to find in a test drive and under hood/ under vehicle inspection. If you are buying this car from out of state, I recommend that you utilize our shipping service. A quote can be provided to you, if you send me a message including your destination zip code. Shipping rates are very reasonable, and will in most cases cost you less than a plane ticket here and gas and tolls to return home. If you are a NJ resident, we are required to collect sales tax on the transaction. We can also provide temporary plates for NJ and out of state residents if you choose to drive the car back to your destination. This car will be a great car to get you to work or school, and is an excellent first car since it has low gas mileage, handles well, and is an automatic transmission car, making it easier to learn to drive with. Aside from the small spots of damage mentioned above, this car looks great. There are no dents or noticeable scratches in the body itself. This car has relatively low mileage for a car of its age, and it will undoubtedly provide you with reliable transportation for years to come. TERMS of sale: This vehicle is sold as is where is with no returns and no warrantees either implied or stated. Transport of vehicle is buyer's responsibility. Please remember that you are buying a USED vehicle, not a new vehicle and expect to see some signs of wear and possible missing or broken items. We go to great lengths to describe the vehicle as accurately as possible and show any existing damage in the photographs that we post, however, we strongly recommend that you inspect this vehicle in person. All sales are final and there are no refunds. I am a licensed NJ used car dealer. We can provide temp tags. If you are registering your car in NJ, I MUST collect the sales tax. For an additional fee, I can also obtain your title, registration and plates for you. We do not charge any documentation fee if you are from out of state. Buyer MUST sign the title transfer papers and provide a copy of his/her driver’s license to complete the sale. If you need a temporary plate, I will also need to see proof of insurance. For questions about this auction, please call or text (732) 754-3548 and reference the item title. Thanks for looking. |
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Hyundai, Kia announce buyback plan for angry Korean investors
Wed, 12 Nov 2014Hyundai's controversial decision last September to move its Korean headquarters to an expansive (and expensive) new facility was met with a swift backlash by shareholders. After making the biggest land purchase in South Korean history, the company's share price took a nine-point nose dive.
Now, in a bid to get back in the good graces of its stockholders, Hyundai and its subsidiary, Kia, will make a $615-million stock buyback plan. Reuters claims this is the first time in ten years that Hyundai has made a buyback offer with the explicit purpose of pumping up share prices.
The total deal bumped up Hyundai's share prices 5.7 percent while Kia is up two percent, although neither company has fully recovered from the battering that followed the headquarters announcement. It's unclear what else it will take for Hyundai to recover the ground it lost during the land deal.
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