Chiefsplanet Car buying Experts

[Archie F. Swin]

How much would you offer this dealer for this car? What would be your opening bid?
http://www.autotrader.com/cars-for-s...0854900&Log=0/
Pre-owned Accords this well appointed don't show up in my neck of the woods very often.

[Frosty]

I have a hard time buying barely used Hondas (or Toyotas). They don't drop enough in value to make it worth it. You get better financing deals when new, you get the full warranty, you don't have to worry about some jackhole having abused the car, you can get the equipment/color you want, etc.

[hometeam]

BTW guys, quit buying cars from people other than hometeam!

[Dayze]

took you long enough to mention that.

[Katipan]

Originally Posted by hometeam

I can do all kinds of math, but kiss my ass if you think I'm wearing a suit!

...

Anecdote! The leading Nissan dealer in Denver... My dad called, introduced himself, and just said he wanted to buy me a specific car. No one could help. The GM, the finance guys, the salesmen were all out of the office. Only person there was a used car girl, and that wasn't going to work for him.

After 6 hours of no return calls, he finds my car locally and just takes care of it in California. 2 weeks later, he gets a phone call from the dealership asking how they could help.

2 weeks!

Sometimes bad companies do well because there's not much other choice.

[SAUTO]

Originally Posted by hometeam

This thread is full of bad advice. Offering 4 or 5 grand less than asking price on a vehicle is a good way not to get taken seriously.

The good advice is coming from Dayze and knowing what the market is bringing on a vehicle. If you know what the market is bringing, you can decide if you are getting a good deal or not.

The day of getting 2 grand off asking price on everything is GONE. Vehicles are priced to sell now a days, especially if they seem like a good deal. A typical used car in my inventory has somewhere between ZERO and a grand mark up. Rarely will we have anything with 2 grand mark up. So no, Mr. Customer, you and your 'cash' cant get 2 grand off of my car that I'm selling for 1800 under cost. Sorry.

Used cars is a BUYERS market, made so with the help of the internet. When you have a buyers market, you cant afford to have massive mark up, because the guy down the street wont, and your traffic is driven by the internet, and they can shop you and him at the same exact moment. So, when a dealer prices a car, they are typically priced to sell. If they aren't, you can tell by looking at similar cars in your area, and you can see immediately if its a good deal or not.

Don't go offering 17 grand unless you want to waste your time.

BTW, anyone who takes joy in making sure a dealer doesn't make any money should really re-consider there lives. I have a family to feed too, and I work for free too much of the time already.

edit: KBB does not write checks, and dealers/banks/auctions couldn't care less what KBB says. Try using the NADA blue book, as that's what the bank thinks its worth, and the banks are the ones writing the checks, not KBB.

THIS.
i was gonna tell him to just ask you, but thought i would look and find your post first.

[MIAdragon]

with or without those hideous wheels?

[Katipan]

Originally Posted by Frosty

I have a hard time buying barely used Hondas (or Toyotas). They don't drop enough in value to make it worth it. You get better financing deals when new, you get the full warranty, you don't have to worry about some jackhole having abused the car, you can get the equipment/color you want, etc.

There ya go.

[hometeam]

Originally Posted by Katipan

...

Anecdote! The leading Nissan dealer in Denver... My dad called, introduced himself, and just said he wanted to buy me a specific car. No one could help. The GM, the finance guys, the salesmen were all out of the office. Only person there was a used car girl, and that wasn't going to work for him.

After 6 hours of no return calls, he finds my car locally and just takes care of it in California. 2 weeks later, he gets a phone call from the dealership asking how they could help.

2 weeks!

Sometimes bad companies do well because there's not much other choice.

Turrible.

My return call time on a phone up or internet lead is MAXIMUM of 30 minutes, my ideal time is 5 minutes. I get a phone notification and immediately contact the customer.

If I don't, someone else will.

[mr. tegu]

So I talked to my expert and he says the seller wants too much. 23K is on the high end and is what it might be worth on a good day at auction. You are the one taking all the risk. The wheels are not desirable to a large group of people so it is going to sit for a while. You better offer about 14K.

[hometeam]

Originally Posted by Frosty

I have a hard time buying barely used Hondas (or Toyotas). They don't drop enough in value to make it worth it. You get better financing deals when new, you get the full warranty, you don't have to worry about some jackhole having abused the car, you can get the equipment/color you want, etc.

This is mostly right, unless your the type that gets bored and likes to trade every year, then you have to seriously consider that chunk of equity that you are going to lose.

If you trade more in the 3 year plus range your devaluation levels out a lot more, and makes buying a new car make a ton more of sense.

Also, some people consider the fact that no one else has farted in the seat more important than the money they may lose trading often, and they are fine with that.

[hometeam]

Originally Posted by mr. tegu

So I talked to my expert and he says the seller wants too much. 23K is on the high end and is what it might be worth on a good day at auction. You are the one taking all the risk. The wheels are not desirable to a large group of people so it is going to sit for a while. You better offer about 14K.

Ok really though.

1.) If you can buy a car at auction price, you are in good shape.

2.) If you think someone is going to sell you a 2013 accord for 14k I would like to introduce you to my friend Mr. Straight Jacket.

3.) Please god, be trolling.

4.) You DID get right the part about the wheels, and OP can use that as a negotiating chip. The wheels suck, and devalue the car SLIGHTLY.

[mr. tegu]

Originally Posted by hometeam

Ok really though.

1.) If you can buy a car at auction price, you are in good shape.

2.) If you think someone is going to sell you a 2013 accord for 14k I would like to introduce you to my friend Mr. Straight Jacket.

3.) Please god, be trolling.

4.) You DID get right the part about the wheels, and OP can use that as a negotiating chip. The wheels suck, and devalue the car SLIGHTLY.

You must not have seen my first post in this thread.

[KC native]

boring honda is boring.

[hometeam]

I did but I guess I don't get it

[mr. tegu]

Originally Posted by hometeam

I did but I guess I don't get it