Hi,
I understand used car from a dealer costs more - but how much more would you pay above KBB ( $8500 ) for a 2002 Civic LX 68000 miles ( is certified with 12000 more miles warranty?)
2006-07-25 01:43:56 · 6 answers · asked by f2000715 1 in Cars & Transportation ➔ Buying & Selling
KBB doesn't buy or sell cars, they just calculate the average purchased price for like vehicles nationally, therefore they are an excellent GUIDE for statistics.
Unless the vehicle is in far superior condition, you shouldn't have to pay anything over what the other average vehicles are going for.
Dealers use KBB as a 'guideline' for pricing their inventory.
The trick to moving more inventory quicker, is to price it BELOW
KBB averages, not above.
Ask yourself:
What else are they 'throwing in' to justify charging you more than the average person?
Is this vehicle in superior condition or have additional equipment that KBB hasn't recognized (ie;modifications, or additions such as ground effects aren't 'value added' by KBB )
Hope this helps, good luck!
2006-07-25 02:07:28 · answer #1 · answered by Vicky 7 · 2⤊ 0⤋
Certifying a Honda and giving the extra warranty only costs $300 or so. At $8500, you're looking at wholesale/trade, not retail - there's reconditioning, tires, brakes, whatever it needs, plus the certification costs. Realistic range is $9500-10000 with certification.
2006-07-25 08:58:59 · answer #2 · answered by valleyautomotive 2 · 0⤊ 0⤋
Read the fine print.
Kelly Blue Book prices are not a representation of actual value. They are a starting point for negotiation.
Spend $20 for consumer reports info on your car. If there is a problem associated with the car, they will let you know about it.
When you get close to time when that warranty is over (before it actually is) get a rigorous qualified mechanic to fully inspect the car and tell you every problem. If there is anything remotely serious that is covered, get it remediated before the warranty is over.
2006-07-25 08:54:41 · answer #3 · answered by Curly 6 · 0⤊ 0⤋
i would take the average from kbb and edmunds, but kbb has a rating for private party, and for buying from a dealer. so if you got the price rating for a dealer, i wouldnt go very far above that at all. You are already paying more for the car than what you can get for it even if they are asking dealer price.
2006-07-25 08:49:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You should pay nothing OVER the KBB retail value. That is available at kbb.com. You should be able to get a dealer down to that value with very little haggling.
2006-07-25 09:58:47 · answer #5 · answered by Char 7 · 0⤊ 0⤋
For that little bit o fextra warranty, I'm not sure I'd pay anything extra, maybe $200 above wholesale (not retail).
2006-07-25 09:47:08 · answer #6 · answered by JeffyB 7 · 0⤊ 0⤋