I am looking at a 2002 Honda CR-V EX w/94,595 miles, being offered @ $13,495; given a trade in of roughly $2,500, what is the most reasonable price i can give the dealer? Is $8,000-$10,000 too low?
2007-12-26 15:26:02 · 5 answers · asked by joet5402 2 in Cars & Transportation ➔ Buying & Selling
They are selling it at pure retail so any offer would be considered.
The mileage is very high and as stated above and the maintenance on this vehicle will be very expensive.
Whether you buy a used car from a dealer, a co-worker, or a neighbor, follow these tips to learn as much as you can about the car:
Examine the car yourself using an inspection checklist. You can find a checklist in many of the magazine articles, books and Internet sites that deal with buying a used car.
Test drive the car under varied road conditions - on hills, highways, and in stop-and-go traffic.
Ask for the car's maintenance record. If the owner doesn't have copies, contact the dealership or repair shop where most of the work was done. They may share their files with you.
Talk to the previous owner, especially if the present owner is unfamiliar with the car's history.
Have the car inspected by a mechanic you hire.
Negotiation is the process of discussing the price and terms of a used car, eventually arriving at an agreement between the buyer and seller. Any well-informed buyer can negotiate a fair deal using the following steps.
Make an offer. It should be 15% to 20% below the maximum amount you would pay so that there is room to bargain. You may be asked about a trade-in or be urged to sign up for dealer financing. To both questions, say you are undecided. Your goal at this point is to get agreement on the car price.
Your first offer will likely be rejected. Your second offer should not split the difference between your first offer and the seller's counter offer. It should split the difference between your first offer and the maximum amount you will spend. You can use the cost estimates of repairs supplied by your mechanic to help negotiations.
Making an offer at a used car Superstore with no-haggle prices requires a different strategy. If you cannot negotiate on price, consider other aspects of the sale, such as more attractive financing, a higher trade-in price, or a longer/more inclusive warranty.
If you reach a price standoff, change the situation by taking another look at the car. Using the Buyers Inspection Checklist, you may notice problems you overlooked previously. At this point, do not agree to a deposit since you have no contract, only your offer. A deposit may give the seller the leisure to negotiate a higher price.
Some buyers feel at ease making several offers and counter-offers, simultaneously negotiating for better warranty coverage or additional equipment. They may give up $50 to $l00, but they expect something in return. If that is the case, be sure to write down any promises made by the salesperson.
Your last offer should be close to the maximum amount you would pay for the car. Be ready to justify your offer as reasonable and fair by showing how you arrived at it. Make it clear that this offer is final. If the dealership rejects it, be prepared to walk away. The salesperson may catch you in the parking lot or phone you the next day.
If the salesperson accepts an early offer but then says that the sales manager will not approve the deal, it is likely that you are being low-balled. That is, a low offer is initially accepted by the salesperson who knows it will be rejected so that a higher price can be reached in further negotiations. If that happens, leave, because low-balling is a form of dishonesty.
2007-12-27 03:25:57 · answer #1 · answered by Anonymous · 5⤊ 0⤋
That is way too high for 94,595 miles on it. I just did a quick estimate for you on Kelly Blue Book and it's saying that with that amount of mileage the suggested retail price should be $12,420 and that's only if it is in excellent condition. Go to that website and get an estimate on what the trade-in-value on that car is and then decide how much $$ you're willing to let the dealership make off from you. Personally I wouldn't buy anything with that much mileage on it.
2007-12-27 12:04:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
This car sounds seriously over-priced. It is high mileage and 6 years old. It should be under $10K (even for a Honda). Use the Internet to check kelly blue book value on this vehicle!
I just checked Kelly Blue Book value (retail) - if this car is in excellent condition (that means it is literally like new!) it would 'list' for $13,455 (in L.A.). I would look to knock off at least $1000 from that price! Negotiate hard on this one! Remember - you do not have to buy this particular car - but they do have to sell it! Be willing to walk away.
2007-12-26 23:56:30 · answer #3 · answered by Doctor J 7 · 0⤊ 0⤋
Yeah forget the Honda. there nothing but problems. Find something better.
2007-12-26 23:44:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I would stay away from CRV..lots of problems and AC compressor problems...never buy one again here.
2007-12-26 23:41:39 · answer #5 · answered by 2A 7 · 1⤊ 0⤋