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Heck Of A Deal?

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Old Jul 21, 2008 | 08:07 PM
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Default Heck Of A Deal?

So I've been looking for a new Si for quite some time. I finally found a guy who is selling a black '07 coupe with 17K. Nothing wrong with the car, just needs to get ride of it due to going on house arrest. He's asking 18,900 for the car, but is willing to negotiate. There's a small dent on the front fender and the taillight has a very minor chip. Would 17,000 be a fair asking price considering his circumstances. My insurance won't be cheap, plus he told me he owes 17,000 on the car. Seems like a good deal if he'll take it. Whadda ya think fellas?
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Old Jul 21, 2008 | 08:22 PM
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iono i bought my car brand new for 20k. ;p with mo miles.
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Old Jul 21, 2008 | 08:25 PM
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sounds like a good deal to me, since he wants to sell it bad, im pretty sure he will accept 17 maybe even a little lower.
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Old Jul 21, 2008 | 09:24 PM
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Default Re: Heck Of A Deal? (O RLY)

If you deem the car in 'good' condition, then go for it. Price is decent.
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Old Jul 22, 2008 | 05:28 AM
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i wouldnt pay 17k for that car. maybe 15.
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Old Jul 22, 2008 | 05:47 AM
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Default Re: (SIVIC 3)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by SIVIC 3 &raquo;</TD></TR><TR><TD CLASS="quote">i wouldnt pay 17k for that car. maybe 15.</TD></TR></TABLE>

why?

http://finance.yahoo.com/family-home...er-Get-in-Line

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by linked article &raquo;</TD></TR><TR><TD CLASS="quote">
The average 2006 Honda Civic costs $16,118, or 86% of what a new 2008 model costs. The average price of a used 2006 BMW Mini Cooper is about 81% of what a new model costs. And the long-sought-after Toyota Prius costs 87% of the new-model price. Typically, three-year-old used cars cost between 50% and 60% of their new equivalents' prices.</TD></TR></TABLE>

Well, you're not gonna get it for less than 17k if that's what he owes on it. I think 17k would be fair enough for both of you OP
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Old Jul 22, 2008 | 06:35 AM
  #7  
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i bought a 2007 GG si with 11k on the clock for 18,500 so 17 is a good price
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Old Jul 22, 2008 | 07:53 AM
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Default Re: (OG SHG_EM1)

Yeah its basically in excellent condition. I was gonna go for a set of those Depo LED black tails anyway, so the chipped taillight is no big deal. I'd say its a win win for both of us. More for me however.
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Old Jul 22, 2008 | 09:08 AM
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Default Re: (O RLY)

you should just take that 17k and put it towards a new si...the feeling of driving a brand new car with '0' miles is worth the extra 3-4k.
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Old Jul 22, 2008 | 09:12 AM
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Default Re: (flashvr6)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by flashvr6 &raquo;</TD></TR><TR><TD CLASS="quote">you should just take that 17k and put it towards a new si...the feeling of driving a brand new car with '0' miles is worth the extra 3-4k.</TD></TR></TABLE>

Well new ones in SW PA are selling for $22500, so try 5500. 17K isn't even broken in for a Honda.
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Old Jul 22, 2008 | 09:52 AM
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Default Re: Heck Of A Deal? (O RLY)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by O RLY &raquo;</TD></TR><TR><TD CLASS="quote">Nothing wrong with the car.........


.........There's a small dent on the front fender and the taillight has a very minor chip.</TD></TR></TABLE>

What?

I'm sorry but personal circumstances don't affect the value of the car. They may however affect the price the seller actually sells the car for. With that said I used SW PA Zip code to compile this. His asking price od $18,900 is dead on according to KBB.




<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by flashvr6 &raquo;</TD></TR><TR><TD CLASS="quote">the feeling of driving a brand new car with '0' miles is worth the extra 3-4k.</TD></TR></TABLE>

Unless your car was towed from the assembly line to your driveway no car has 0 miles on it. If you only saw what goes on with your vehcile before it even reaches the dealership would have your jaw dropped to the ground.

The 3-4k extra worth it? I'm sorry but cost of Tax Tag and Title can NEVER be recovered once driven off the lot. Unless you are just hard up for a new vehicle purchasing pre-owned is the best value.


Modified by Kidnkorner at 12:08 PM 7/22/2008
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Old Jul 22, 2008 | 12:02 PM
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Default Re: Heck Of A Deal? (Kidnkorner)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Kidnkorner &raquo;</TD></TR><TR><TD CLASS="quote">
Unless your car was towed from the assembly line to your driveway no car has 0 miles on it. If you only saw what goes on with your vehcile before it even reaches the dealership would have your jaw dropped to the ground.

The 3-4k extra worth it? I'm sorry but cost of Tax Tag and Title can NEVER be recovered once driven off the lot. Unless you are just hard up for a new vehicle purchasing pre-owned is the best value.


Modified by Kidnkorner at 12:08 PM 7/22/2008</TD></TR></TABLE>

True, but there is a huge difference between the 30 miles (what my car had on it when I got it) and 17k (probably hard) miles.

From a private seller, that car (which obviously not in mint condition) is worth 15.5k tops, no matter what KBB says. If you have $17,000 in cash (what you're going to need to pay a private seller), then why not put like $12k down on a really nice car that you will have affordable payments on?

It's your money, and your decision, but you asked our opinions, and I think you should pass this up.
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Old Jul 22, 2008 | 03:21 PM
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Default Re: Heck Of A Deal? (2008fijibluesi)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by 2008fijibluesi &raquo;</TD></TR><TR><TD CLASS="quote">

True, but there is a huge difference between the 30 miles (what my car had on it when I got it) and 17k (probably hard) miles.

You can assume all you like, the turth is you really don't know

From a private seller, that car (which obviously not in mint condition) is worth 15.5k tops, no matter what KBB says.

Where are you getting that figure from? KBB doesn't matter? I suppose NADA doesn't matter either, LoL! According to the description of the potential buyer the car is in "good" condition. According to YOU the car has depreciated a little over 6k in 1 year? I thought it was a Honda not Hyundai. We are talking about the Si, with the exception of the Hybrid it hold's its value more than the other civic and despite fuel prices it's still a high demand car.

If you have $17,000 in cash (what you're going to need to pay a private seller), then why not put like $12k down on a really nice car that you will have affordable payments on?

I doubt very seriously the potential buyer has 17k in cash. Most likely he would be borrowing the money.

It's your money, and your decision, but you asked our opinions, and I think you should pass this up.</TD></TR></TABLE>

NADA and Edmunds....Surely they all can't be wrong. And these are using the buyer/seller zip code and the info he provided about the condition and mileage.








Modified by Kidnkorner at 5:32 PM 7/22/2008
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Old Jul 22, 2008 | 05:52 PM
  #14  
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Default Re: Heck Of A Deal? (Kidnkorner)

I need not assume. I don't care if they redlined my car the whole 30 miles before I got it. It still is no where near what 17k miles will do to a car.

An Si depreciates $3.5k the second you drive it off the lot so $6k in 17k miles isn't a stretch at all. Just because morons will pay $18k for an Si with 15k miles on it, doesn't mean that's what it's worth. The fact is, it's a private seller, and it shouldn't fetch as much as a car that comes off a lot (with a certified pre-owned backing). I know you can't be that naive to believe that KBB isn't corrupt. Their pockets are lined by major corporations that pay to have the values of their cars raised. Sure, they are the standard for most people, but good judgement should be trusted before KBB. The fact that Edmunds.com doesn't even factor any monetary loss for 17k miles, is proof enough that they are bogus.
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Old Jul 22, 2008 | 06:26 PM
  #15  
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Default Re: Heck Of A Deal? (2008fijibluesi)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by 2008fijibluesi &raquo;</TD></TR><TR><TD CLASS="quote">The fact that Edmunds.com doesn't even factor any monetary loss for 17k miles, is proof enough that they are bogus.</TD></TR></TABLE>

Sure if this was the beginning of 2008. 13k miles a year multiplied by 1.5 is 19500. The mileage is negligible.

The value of something is what the buyer is willing to buy it for. This vehicle is well within the factory warranty and If the condition was good as it has been reported and considering retail is near 20 17,500 would be a bargain price.

I have always used NADA and called my bank.
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Old Jul 23, 2008 | 04:49 AM
  #16  
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Default Re: Heck Of A Deal? (Kidnkorner)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Kidnkorner &raquo;</TD></TR><TR><TD CLASS="quote">

Sure if this was the beginning of 2008. 13k miles a year multiplied by 1.5 is 19500. The mileage is negligible.

The value of something is what the buyer is willing to buy it for. This vehicle is well within the factory warranty and If the condition was good as it has been reported and considering retail is near 20 17,500 would be a bargain price.

I have always used NADA and called my bank.</TD></TR></TABLE>

For the most part I agree with you. The market and these companies are usually what most people turn to. But my personal judgement would say the car isn't worth that much. I wouldn't be willing to pay that much for it, but obviously other people would.
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Old Jul 23, 2008 | 06:09 AM
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Default Re: Heck Of A Deal? (Kidnkorner)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Kidnkorner &raquo;</TD></TR><TR><TD CLASS="quote">

Unless your car was towed from the assembly line to your driveway no car has 0 miles on it. If you only saw what goes on with your vehcile before it even reaches the dealership would have your jaw dropped to the ground.
The 3-4k extra worth it? I'm sorry but cost of Tax Tag and Title can NEVER be recovered once driven off the lot. Unless you are just hard up for a new vehicle purchasing pre-owned is the best value.


Modified by Kidnkorner at 12:08 PM 7/22/2008</TD></TR></TABLE>
If you would see what happens to them at the dealership your jaw would drop. I personaly have PDI many Si's and I won't lie...I drive them pretty hard for the 3-6 miles I drive them. But there are salesmen that take them for a weekend and the cars come back with damage or mecanical issues....they just fix them and put them on the lot like nothing ever happened to the car. So take a second look at that brand new Si your about to buy!
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Old Jul 23, 2008 | 06:25 AM
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Default Re: Heck Of A Deal? (cimo463)

Nevermind that a new si costs 22K or whatever, and you can get this one for 17k. What you should be comparing is what the monthly loan payments would be on each, because generally the finance rate through a dealer to buy a new vehicle is less then getting a used car loan from a bank or something. So there may not be a whole lot of difference in your payments.
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Old Jul 23, 2008 | 07:58 AM
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Default Re: Heck Of A Deal? (ac_attak)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by ac_attak &raquo;</TD></TR><TR><TD CLASS="quote">Nevermind that a new si costs 22K or whatever, and you can get this one for 17k. What you should be comparing is what the monthly loan payments would be on each, because generally the finance rate through a dealer to buy a new vehicle is less then getting a used car loan from a bank or something. So there may not be a whole lot of difference in your payments.
</TD></TR></TABLE>

I'm paying him off with a check. But I called yesterday and didn't even mention 17,000 since he told me 18,500 was the best he could do. Now being that this was the first talk about price, I'm assuming I can get him down to at least 18,000. Is it still worth it at 18,000 or should I just look elsewhere?
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Old Jul 23, 2008 | 08:29 AM
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Default Re: Heck Of A Deal? (O RLY)

Well is almost 2 model years old(the 09's are just around the corner). I would just buy a new 09 when they come out.
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Old Jul 24, 2008 | 03:22 AM
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Default Re: Heck Of A Deal? (O RLY)

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by O RLY &raquo;</TD></TR><TR><TD CLASS="quote">

I'm paying him off with a check. But I called yesterday and didn't even mention 17,000 since he told me 18,500 was the best he could do. Now being that this was the first talk about price, I'm assuming I can get him down to at least 18,000. Is it still worth it at 18,000 or should I just look elsewhere?</TD></TR></TABLE>

Sounds to me like he wants some extra cash in his pocket. Not sure what he would do with it being on house arrest.

So given the fact that the car is nearly 2 years old and has a couple dings on it....I say offer him $17,500 so that way he gets his car paid off and still has a little extra cash in his pocket to order pizzas and beer to pass the time.

If he asks for reasoning behind your offer....just get creative.....tell him you have to get the ding and chip fixed and put a down payment for your insurance.
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Old Jul 24, 2008 | 07:57 PM
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Default Re: Heck Of A Deal? (RICO_)

http://cgi.ebay.com/ebaymotors...l1308

So today I go to this place 3 hours away. I got him down to 17K out the door on the phone yesterday and when I spoke to him I had two questions. Is the title clean and are there any problems with the paint. All he could say is you're gonna love the car. His feedback is pretty solid so I took my chances. When I got there it looked like the car had been painted by a fifteen year old in VOTECH. He was like, wow...I never noticed....how bout 16,500? I said, WTF, I'll give you 15K and nothing more. The whole car needed repainted. He's like I can get it repainted for 1000 at which point I just laughed and got my $300 deposit back. He acted like he didn't realize the paint, yet he's had the car for 3 weeks on his lot/warehouse. So shady and I'm so pissed....

Rusak Motors LTD is the place and its in Cleveland. They kept telling me I was getting a great deal and it would buff out...I really couldn't believe it. Anyone else deal with these guys?
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Old Jul 24, 2008 | 07:58 PM
  #23  
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Default Re: Heck Of A Deal? (O RLY)

Oh yeah, one more thing. Yesterday before I made the deposit the car had a Buy It Now of 18,500. I guess since he relisted it at 19,200 he figured the half-*** paint job increased the value.
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Old Jul 24, 2008 | 07:59 PM
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Default Re: Heck Of A Deal? (RICO_)

just look in your area at how much si 's are going for. i've seen some dealers around here (greensboro, nc) selling for 23,000 used so looking in your area and see if the price looks good to you.
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Old Jul 26, 2008 | 10:58 AM
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Default Re: Heck Of A Deal? (O RLY)

Sounds like a deal to me.

I don't live in PA, I live in CA. However, they are having a huge used car show this morning where this group of dealers are crying to sell cars to make room on their lots.

I was floored when I found a 2007 Civic EX Coup with 14K miles for $18,999. I told the guy walking around with me that I might concider $15K since the cars paint had several chips, the wheels were scratched and one of the seats were stained. The guy said "no way". He said they know they can sell the car for the $19K.

So the deal on the SI sounds good to me.
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