In 2001 I went in to a Honda dealership and paid (with cash) $15,000 for a new civic LX. Did I pay too much for it? It didn't really have many options actually. It was an automatic with power doors and windows, driver/passenger airbags, tilt, cruise. I kind of got a feeling that I overpaid when the salesman drove the next day to another city 45 min. away to pick it up and drive it back. And he seemed quite happy. LOL Oh well. What do you guys think?
2007-07-03 01:05:55 · 11 answers · asked by Anonymous in Cars & Transportation ➔ Car Makes ➔ Honda
Well, that was actually about the window price value for that car at the time. So you didn't exactly get ripped off. But you can almost always talk the dealer down from the window price. So you probably could have done better. I disagree with the person that said it was a bad investment, though. It's a car, not an investment! The fact is that you have one of the most reliable cars on the market, and you obviously still have it six years later. You may have overpaid, but you got the right car.
2007-07-03 01:15:41 · answer #1 · answered by Mr. Taco 7 · 0⤊ 2⤋
In 2001 the Civic LX was a popular car. It was a redesign for the Civic, and the demand for the car was high. Because of the demand, the dealers had no reason to offer discounted prices. If you did not buy the car, someone else would have.
You paid what the market value of the vehicle was at the time. Did the dealer make money? Of course they did! Could I have gotten the car for less than you paid? Yes, I could have. Of course I have a good friend who is the sales manager at a local Honda dealer.
People are of the impression that paying cash for a vehicle somehow gets you a better price than financing. If you finance a vehicle through the dealer, the dealer actually makes more money than with cash deal. If you finance with a lender other than through the dealership, it is just like a cash deal to the dealer. If they get the money from your pocket, or the bank's pocket, there is no difference to them.
The only dealers that may discount for cash would be the buy-here-pay-here lots. They hold the loan themselves, and sometimes will make a better deal if they get the money up front!!
You got a nice car, at a fair price. Quit worring about things that happened 6 years ago!!
2007-07-03 08:45:45 · answer #2 · answered by fire4511 7 · 2⤊ 0⤋
Cash is the best and cheapest way to buy a vehicle, regardless of what anyone may say. However, cash is only good in the hands of a wise investor, which you are not. You got ripped off, big time.
Always do research before buying a car. Use sites like Autotrader or Edmunds or KBB before buying, so you'll know how much its worth. Don't let the dealers take advantage of you.
But continue to pay cash for cars...that way you never owe anything to anyone.
2007-07-03 11:38:20 · answer #3 · answered by Lane W 2 · 0⤊ 2⤋
Well it was 6 years ago. Your car should be paid for by now and assuming its still running fine I guess you don't have much room to complain.
He bought the car new in 2001. Not he just bought a 2001. Read people.
2007-07-03 09:50:32 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Have you seen what the 2008 or sell for? And Honda brings in a new car (cartoon car at that) Honda Fit and if gives me fit's of laughter every time I see one. For what you paid for your LX Civic 7 model years ago you can have a Fit.
2007-07-03 08:13:28 · answer #5 · answered by John Paul 7 · 1⤊ 1⤋
Yes-you did over pay on this in real world prices theses cars go from $8,000-12,000. You could of bought a 20006-7 for that price. If its within 3days I believe you can get your money back. Not 100% sure
No-if the car last you a long time you got your moneys worth
2007-07-03 11:41:29 · answer #6 · answered by ViperKilla 5 · 0⤊ 3⤋
It's a little late to ask after you've already purchased the car don't ya think?
Kelly Blue Books shows the retail value of the car to be $11,915.oo for the 4dr and $11,815 for the 2dr LX version.
So, it appears you over paid... big time.
2007-07-03 08:21:49 · answer #7 · answered by Panama 4 · 0⤊ 4⤋
yes, i think you paid too much.
When you have cash you should be able to get a substantial amount of savings.
As long as you are satisfied with your vehicle, don't worry.
That is part of the capitalist society we live in.
P.S. With some research you could have found one for about
$ 12,500 cash
2007-07-03 08:12:56 · answer #8 · answered by nigel v 5 · 0⤊ 3⤋
You've spent six years worrying about this?
Is the car still reliable is all that should concern you now.....
2007-07-03 08:09:27 · answer #9 · answered by Bart S 7 · 2⤊ 0⤋
Yup...overpaid! Never pay cash for a new vehicle, bad bad investment!
2007-07-03 08:08:56 · answer #10 · answered by helicopterjen 4 · 0⤊ 3⤋