I am looking at a 2002 Honda Civic 4-door EX, Certified Pre-Owned, 70k miles...dealer is selling for 11,800. I talked him down to 10,800.
Sound like a fair deal?
2006-12-06 09:02:53 · 10 answers · asked by LG 1 in Cars & Transportation ➔ Buying & Selling
It depends upon a lot... location, condition, etc... Edmunds.com has good True Market Value (TMV) calculations. At first glance it seems a lot but per the attached link its close to what they are being sold for.... Certfied or not, I would have it looked at by a private mechanic, I bought a certified car (albeit domestic) in the past that had a bad steering rack on the way home from the dealer, they repaired it, but the running back and forth to deliver and get it after repair was a hassle.....Good Luck
2006-12-06 09:17:32 · answer #1 · answered by cw 1 · 0⤊ 0⤋
Sounds like you are paying under what KBB says is considered "retail".... using that it looks like a perfectly fine deal.
Do your research. Look at KBB, Nada.com and edmunds.com. These sites will give you an estimate of what similarly equiped vehicles are retailing for.
Also, drive through the lots of other car dealers and see what they advertising a 2002 Honda Civic 4-door EX, Certified Pre-owned car for. Go to www.autotrader.com and see if there are others out there for similar money.
And in the end, decide if you want to buy from this dealer. Is the sales consultant honest? Have you been treated fairly? Have your questions been answered? Ask for the Sales Consultant to give you a tour of the service deparment. Have him introduce you to the Service Manager. Find out what their hourly rate is. What their oil change price is. If its a CPO (Certified Pre-owned) tthose usually come with warranties. Ask what specifically is covered by your warranty. When you're in the service department ask the service manager ask him what part he played in making that vehicle a "Certified Pre-Owned" vehicle. Ask him about loaners...such as. When your vehicle is in for work, is there a free loaner program? What if all the loaners are out? Are you stranded or do they give you a car off the lot? USUALLY .... Again, I say USUALLY Service Managers aren't SALES PEOPLE... they're not ready for all these questions and will tell you the truth.
In the end, what I'm saying is: "Yes, we all have to watch our money. But if "Dealer A" has invested in his reputation. Serving and satisfying customers needs. Turning around quality products, and properly training their sales consultants. It may, in the end, be a better buy to give your business to this dealer. Even if "Dealer B" may be able to sell the car cheaper...it won't be "cheaper" in the long run.
2006-12-06 22:21:53 · answer #2 · answered by glenspot 3 · 0⤊ 0⤋
I don't like that price. Granted, it's an EX and has lots of options. But that's almost 18000 miles per year and nearing the life of the car where new expenses start to appear.
It's not a horrible price for the car at 10,800, but I've definately seen better. Anything really reliable is going to have a slightly inflated price if you live in colder areas.
2006-12-06 21:39:00 · answer #3 · answered by Dan 3 · 1⤊ 0⤋
It is a fair enough deal, you will pay a little more for a certified car. Assuming popular standard equipment and an automatic transmission, book is about $10000+. Just bear in mind you have a 90k service coming up soon, and it will cost several hundred dollars.
Honda Certified Used Cars come with a 7-year/100,000-mile powertrain warranty and a 12-month/12,000-mile non-powertrain warranty. So the powertrain has another year and change and 30k miles under warranty. As Honda's can easily make it to 150k+ miles if taken care of, I would not be overly concerned with the warranty running out soon.
2006-12-06 18:03:11 · answer #4 · answered by XUSAAAgent 5 · 0⤊ 1⤋
The majority of used cars have about a $3000.00 to $6000.00 profit margin. ( I used to sell used cars, and worked at a Honda dealership)
If he is asking $11,800. offer $8,500. to start he won't take it, but It's a starting point. He starts high you start low and you meet in the middle.
You should be able to buy the car for $9,500 - $9,800 rather than $10,800. he can move a little more.
2006-12-09 04:19:36 · answer #5 · answered by ? 6 · 0⤊ 0⤋
I got a 2000 toyota corolla with 30,000 miles for $9000. These are pretty close to compare.
2006-12-06 17:11:27 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Too expensive, too many miles, get a better price.
2006-12-06 19:26:30 · answer #7 · answered by wazup1971 6 · 0⤊ 0⤋
no i wouldn't take that talk him down to 9000 or leave but if it had leather new tires and a nice system i would take it
2006-12-06 17:10:30 · answer #8 · answered by shaq-desil 1 · 0⤊ 0⤋
yeah i thinks it a deal see if u can get it for 10.500 good luck
2006-12-06 20:14:33 · answer #9 · answered by davedebo198305 4 · 0⤊ 1⤋
go to www.edmunds.com and get a price
2006-12-06 18:23:29 · answer #10 · answered by b m-j 2 · 0⤊ 0⤋