How much should I offer for this 1996 Honda Accord Coupe?

Ryan

Lifer
Oct 31, 2000
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Ever heard of Budget Rental Cars? Well they have a location here in Panama City where they sell their rental cars. The accord that is in question is a trade in from yesterday. Here's the information on it:

1996 Honda Accord EX
90,000 miles
5speed
Black

Now, earlier today I looked at it in the rain - it looked really nice. So I went inside of their offices, and asked how much they would be willing to offer me - they said $8,987 (NADA estimate), and they'll give my $1,500 for my trade in (1989 Nissan Maxima). I told them that I'll think about it, and as I was leaving, it stopped raining. So I asked if I can have a closer look at the exterior and inside. The first thing I noticed is that the exterior has scratches all over it - not deep, but noticable. Then I saw two areas where the front and back bumper at rubbed up against something solid (not affecting the body, just scraping the paint away). When I opened the door, I could smell a strong smoke smell, but the interior looked good. How much should I ask them to take off the price (considering that a new paint job will probably need to be done for it to look prestine, and something will have to be done about the smoke smell)? I was thinking about offering them somewhere between 7k - 7.5k (covering the cost of a paint job). What do you think?
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,407
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NADA doesn't have anything to do with the actual market value of the car, its just a number that dealers decide to write on the car then tell you thats the price.



my advice - never buy a rental car.
 

Ryan

Lifer
Oct 31, 2000
27,519
2
81
Originally posted by: ElFenix
NADA doesn't have anything to do with the actual market value of the car, its just a number that dealers decide to write on the car then tell you thats the price. my advice - never buy a rental car.

It's not a rental, it's was a trade in towards a rental :p
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,407
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Originally posted by: rbloedow
Originally posted by: ElFenix
NADA doesn't have anything to do with the actual market value of the car, its just a number that dealers decide to write on the car then tell you thats the price. my advice - never buy a rental car.

It's not a rental, it's was a trade in towards a rental :p

oh, my bad.

get it taken to a mechanic, if the exterior is that bad whats under the hood might not be so nice.
 

Ryan

Lifer
Oct 31, 2000
27,519
2
81
Originally posted by: Roger
Use these as a guide ; Kelley Blue Book Edmunds Then subtract about $1,000 to $1,500.

I already did - I'm not a newb!!! ;) - the point of my post is concerning weather it's fair to deduct as much as I would like: $8,987 to maybe $7,200
 

SagaLore

Elite Member
Dec 18, 2001
24,036
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Kelly blue book says that's about the right price. I'd tell them you'll buy it for $8000, plus knock off $2000 for the trade in (your car is probably worth around $3000 if you sold it privately)
 

Thegonagle

Diamond Member
Jun 8, 2000
9,773
0
71
$5000 + your car. See what happens. It's scratched up and smoked out, so don't pay even close to NADA. You need to have it looked at by a Honda-knowledgeable mechanic first though.
 

Ryan

Lifer
Oct 31, 2000
27,519
2
81
Man, those pendejas! :| I just started looking through today's paper, and they just happen to have an ad in it, and it says "1996 Honda Accord - $7,368" :| I'm assuming this is the price listing for the accord I'm interested in, since it was the only one on the lot. How much should I talk them down from this price :D
 

Kevin

Diamond Member
Jan 1, 2002
3,995
1
0
Usually car odors drive the price down since its usually very hard to remove. Some surface scratches can easily be buffed out, but I wouldn't tell them that. And yes, bring it to a trustworthy mechanic who won't jerk your chain.

You did though break the cardinal rule of car buying and mentioned a trade-in upfront. That was your only big mistake...
 

RossMAN

Grand Nagus
Feb 24, 2000
79,091
457
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I love the Accord's excellent resale value.

I wonder how much I can get for my 2002 Accord SE in 2-3 years :D
 

Kevin

Diamond Member
Jan 1, 2002
3,995
1
0
Originally posted by: RossMAN
I love the Accord's excellent resale value. I wonder how much I can get for my 2002 Accord SE in 2-3 years :D

Thats because most Honda's have a high MSRP. If you're smart and a good negotiator, you pay well below...