should i sell my honda accord 2003?

johnjosh

Banned
Dec 13, 2003
290
0
0
I currently drive honda accord 2003 and have 19500 miles on my car right now. Do you guys think it would be good idea for me to sell this car buy a new one as if i wait to long the price for how much i can sell this car will go down alot.
 

Ryan

Lifer
Oct 31, 2000
27,519
2
81
Why do you want to sell it?

No matter what you do, you are going to end up in the negative trying to sell the car. This is the single worst contributor to debt - kids ( and young adults) get all antsy to buy a new car, and they want to do it over and over again. You bought the car for a reason, now use it.

Save your money, drive the Accord, enjoy your trouble free vehicle, and don't waste any more money. Spend your money where it's needed most, typing and English lessons (sorry, the truth hurts).
 

olds

Elite Member
Mar 3, 2000
50,126
780
126
Unless you put down a chunk, you are too upside down in it to come out ahead.
 

Kelvrick

Lifer
Feb 14, 2001
18,422
5
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Originally posted by: oldsmoboat
Unless you put down a chunk, you are too upside down in it to come out ahead.

Unless he gets a Huyundai (misspelled on purpose). :D
 

Ryan

Lifer
Oct 31, 2000
27,519
2
81
Originally posted by: BDawg
Sell it and get a man's car.

rolleye.gif
 

AgaBoogaBoo

Lifer
Feb 16, 2003
26,108
5
81
keep it, great car, it'll go for at least 10 more years EASILY if you treat it nicely with regular oil changes...
 

johnjosh

Banned
Dec 13, 2003
290
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0
no reason for seling the car other then want to drive new car every year. and i put $8000 down when i bought it.
 

RagingBITCH

Lifer
Sep 27, 2003
17,618
2
76
Originally posted by: johnjosh
no reason for seling the car other then want to drive new car every year. and i put $8000 down when i bought it.

Then what you want is a LEASE.
 

Ryan

Lifer
Oct 31, 2000
27,519
2
81
Originally posted by: johnjosh
no reason for seling the car other then want to drive new car every year. and i put $8000 down when i bought it.

Then you sir, are an idiot if succumb to such an irrational desire. Grow up a little and stop thinking like a child. Why would you drop that kind of money on a car only to loose that much the second the title is transfered into your name?

As stated above - leasing sounds like a much better option.
 

BDawg

Lifer
Oct 31, 2000
11,631
2
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Originally posted by: rbloedow
Originally posted by: johnjosh
no reason for seling the car other then want to drive new car every year. and i put $8000 down when i bought it.

Then you sir, are an idiot if succumb to such an irrational desire. Grow up a little and stop thinking like a child. Seriously, why would you drop that kind of money on a car only to loose that much the second the title is transfered into your name?

As stated above - leasing sounds like a much better option.

Hey, it's his money, he can spend it as he wishes. However, it's not a very financially sound desire. Some people can afford to purchase like this. However, they usually don't drive Honda Accords.

Personally, I like to have a car long enough so I get to know it and feel like it's mine. By the time I get rid of a car, I know every part of it, all of the subtleties of handling, etc.
 

Ryan

Lifer
Oct 31, 2000
27,519
2
81
Originally posted by: BDawg
Originally posted by: rbloedow
Originally posted by: johnjosh
no reason for seling the car other then want to drive new car every year. and i put $8000 down when i bought it.

Then you sir, are an idiot if succumb to such an irrational desire. Grow up a little and stop thinking like a child. Seriously, why would you drop that kind of money on a car only to loose that much the second the title is transfered into your name?

As stated above - leasing sounds like a much better option.

Hey, it's his money, he can spend it as he wishes. However, it's not a very financially sound desire. Some people can afford to purchase like this. However, they usually don't drive Honda Accords.

Personally, I like to have a car long enough so I get to know it and feel like it's mine. By the time I get rid of a car, I know every part of it, all of the subtleties of handling, etc.


But he's asking my opinion and I shall give it. I agree 100% with the rest of your reply.
 

johnjosh

Banned
Dec 13, 2003
290
0
0
thx for everyone reply i see most people are saying no as for lease option i would love to do that but the option is lease for 3 years with 12000 miles a year and then you pay 20c for every mile u go over, my problem i don't even have a car a year yet i got in may and i already have 19500.
 

PeeluckyDuckee

Diamond Member
Feb 21, 2001
4,464
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It's a never ending game, you will never come out on top. You're paying over the roof on depreciation if all you're going to do is own it for a year and let it go.

But if money doesn't play a big factor in your decision, then what the hay :)
 

Mermaidman

Diamond Member
Sep 4, 2003
7,987
93
91
I answered "No" to your poll, but now I'm having second thoughts. Go to Edmunds.com and compare the used 2002/3 Honda prices with prices of NEW Hondas--they're almost the same!

If johnjosh can break even or lose just a few hundred, it might not be a bad idea for him to sell and satisfy his desire for new cars! He'll have to sell to private party and not do a trade-in though.
 

johnjosh

Banned
Dec 13, 2003
290
0
0
Originally posted by: Mermaidman
I answered "No" to your poll, but now I'm having second thoughts. Go to Edmunds.com and compare the used 2002/3 Honda prices with prices of NEW Hondas--they're almost the same!

If johnjosh can break even or lose just a few hundred, it might not be a bad idea for him to sell and satisfy his desire for new cars! He'll have to sell to private party and not do a trade-in though.

thanks for link that is interesting.
 

johnjosh

Banned
Dec 13, 2003
290
0
0
Originally posted by: PeeluckyDuckee
It's a never ending game, you will never come out on top. You're paying over the roof on depreciation if all you're going to do is own it for a year and let it go.

But if money doesn't play a big factor in your decision, then what the hay :)

i know what you mean but i used to have 1995 nissan altima and keep it till this year and ended up giving it to donation as it didn't worth alot, i had over 100,000 on it. So that is why i am looking when i can sell this one and not loose to much money.
 

Miramonti

Lifer
Aug 26, 2000
28,653
100
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my car is a 2k and has less miles than that. thats low but almost 20k in a year is quite a bit.
 

Freejack2

Diamond Member
Dec 31, 2000
7,751
8
91
Why on earth would you want to buy a new Accord, the 04 is the same style as the 03. If you want to spend your money wisely wait until the next restyle of the car and then buy.
 

johnjosh

Banned
Dec 13, 2003
290
0
0
Originally posted by: Freejack2
Why on earth would you want to buy a new Accord, the 04 is the same style as the 03. If you want to spend your money wisely wait until the next restyle of the car and then buy.

i never said would buy honda, most likely if i would to buy a new car it would be bmd ,lexus or benz.