selling my used car which was recently repaired after accident - how do I set the price?

Question

We have a 2004 Honda Pilot EX-L 4WD with RES (DVD) and a dealer-installed 6 CD changer and trailer hitch. It was in an accident and has been repaired. The repairs were well done at a reputable, insurance company-guaranteed shop. It is clean, well kept and has had all of it's factory recommended maintainance performed. How much lower than KBB or edmunds do I need to set the price of this vehicle to sell?

Btw, we've decided to sell for a few reasons. We got a great deal on a 2006 vehicle - and this new vehicle is far easier for my in-laws to access (trust me helping my chubby MIL climb in to the Pilot every week was not fun!). Buying the new vehicle put my kids into a safe large vehicle right away instead of spending the next month or so squeezing into rental cars

Thanks for your input!

Answer 1

Sell for the most you could get. There is no reason you should take any less. It is the buyers responsibility to get a carfax or do other research to determine extent of repair. I sold a 1996 Honda Accord recently and used Edmunds True Market Value (TMV) price to determine how much to ask for it. This is a good way to determine how much similar vehicles are selling for in your area. My Honda Accord was stolen and when it was recovered the stereo and a few other minor damages were evident. I just repaired the vehicle and sold it. It was sold in two days. Funny thing is that we are looking to buy a Honda Pilot with all of the options you are asking for. We need a certified one though because we cannot get the extended warranty through our insurance company. Good luck and don't sell it for less than market.

Answer 2

Well it all depends on how big the accident was. If it was minor with no frame damage you really don't have to take that account into the price. If it was major accident then I'd price it one category below what it would be with-out the accident. If was excellent before price it average, for example. KBB will give you three rating to pick from for price.

Answer 3

If your car was repaired properly and does not show any signs of being in an accident, you should not reduce your asking price. A properly repaired veh from a minor accident should maintain it's value. You can always lower your price later to negotiate the sale.

Answer 4

Why not keep from telling anything and trade this Honda in for that new car?

Answer 5

First take that stupid, great big, novelty band-aid off the side that says "OUCH".