Honda Car Forum

I got a letter from the local high volume Honda dealer where I bought
my new 1998 Accord LX. The car is in very good shape with about 70,000
miles. The dealer has a year end sale that ends Dec. 20. They said
they may offer 80% of MSRP from the trade in on a 2005 or 2006. I was
think about maybe getting a new one. I paid about $15,500 in 1998. So
my trade would be worth about $12,400.

What should I expect to pay on a 2005 or 2006 Accord LX. I was
thinking of sticking with the 5 speed. I would guess the end of Dec
would usually be a pretty good time to get a good deal. Any
suggestions? There was a web site where you could get a price but I
lost the URL. Not a site to post my phone number and have a
salesperson call me.

Forgot to mention that I am on SE USA.

Sorry 4-door. A Honda web site is quoting about $18,500 which is
pricey. I am wondering if I can get a new Camry in the $15,500 range.
I have been floored by some of the Camry prices. I prefer the Accord
as the gas mileage and overall drive qaulity appears to be higher in
the Accord.

"Reg Martin" <kenmartining@yahoo.ca> wrote
> What should I expect to pay on a 2005 or 2006 Accord LX.
I was
> thinking of sticking with the 5 speed. I would guess the
end of Dec
> would usually be a pretty good time to get a good deal.
Any
> suggestions? There was a web site where you could get a
price but I
> lost the URL.

Perhaps you are thinking of www.edmunds.com .

"Reg Martin" <kenmartining@yahoo.ca> wrote in message
news:1134531440.095172.60880@g43g2000cwa.googlegro ups.com...
> I got a letter from the local high volume Honda dealer where I bought
> my new 1998 Accord LX. The car is in very good shape with about 70,000
> miles. The dealer has a year end sale that ends Dec. 20. They said
> they may offer 80% of MSRP from the trade in on a 2005 or 2006. I was
> think about maybe getting a new one. I paid about $15,500 in 1998. So
> my trade would be worth about $12,400.
>
> What should I expect to pay on a 2005 or 2006 Accord LX. I was
> thinking of sticking with the 5 speed. I would guess the end of Dec
> would usually be a pretty good time to get a good deal. Any
> suggestions? There was a web site where you could get a price but I
> lost the URL. Not a site to post my phone number and have a
> salesperson call me.
>

I doubt you get 12400 on a trade -- unless they make the dollars up on the
other end on the new car. You might want to check Edmunds on the trade
value of your car. Imagine it would not be over 7500 - 8000.

End of year is a dealer come on - only time I can get real deals is at
the end of the model year if they have remaining stock in the area.
Used to live in Atlanta - worst honda dealers I have ever encountered
when negotiating - had to buy mine in SC from Kayle Yarborough Honda.
See what kind of prices you can get on the web - do a google on buy new
honda.

"Reg Martin" <kenmartining@yahoo.ca> wrote in message
news:1134531440.095172.60880@g43g2000cwa.googlegro ups.com...
: I got a letter from the local high volume Honda dealer where I bought
: my new 1998 Accord LX. The car is in very good shape with about 70,000
: miles. The dealer has a year end sale that ends Dec. 20. They said
: they may offer 80% of MSRP from the trade in on a 2005 or 2006. I was
: think about maybe getting a new one. I paid about $15,500 in 1998. So
: my trade would be worth about $12,400.
:
: What should I expect to pay on a 2005 or 2006 Accord LX. I was
: thinking of sticking with the 5 speed. I would guess the end of Dec
: would usually be a pretty good time to get a good deal. Any
: suggestions? There was a web site where you could get a price but I
: lost the URL. Not a site to post my phone number and have a
: salesperson call me.
:

Your car's not worth $12,400, so the dealer is going to make that up
somewhere.

Sell it on craigslist and buy the new one without a trade-in, and preferably
with non-dealer financing, unless Honda is offering some cheap interest
rate.

Paul

Reg Martin wrote:
> I got a letter from the local high volume Honda dealer where I bought
> my new 1998 Accord LX. The car is in very good shape with about 70,000
> miles. The dealer has a year end sale that ends Dec. 20. They said
> they may offer 80% of MSRP from the trade in on a 2005 or 2006. I was
> think about maybe getting a new one. I paid about $15,500 in 1998. So
> my trade would be worth about $12,400.
>
> What should I expect to pay on a 2005 or 2006 Accord LX. I was
> thinking of sticking with the 5 speed. I would guess the end of Dec
> would usually be a pretty good time to get a good deal. Any
> suggestions? There was a web site where you could get a price but I
> lost the URL. Not a site to post my phone number and have a
> salesperson call me.
>

www.carsdirect.com is one place you can get an online price.

I don't think that you are going to get the inflated trade-in value and
a low price on the new vehicle. If anything your stealership is going
to bump up the price of the new car to give you a "high trade-in" on
your old one.

Financially you are usually better off selling your vehicle in a
private-party sale at about the midpoint between actual trade-in value
and the price the dealer would be reselling it at. Use www.kbb.com and
www.edmunds.com to get a good idea of the actual trade-in , private
party sale and dealer used retail pricing on your current vehicle.

Buy you replacement vehicle for cash at the best price you can
negotiate. If you must finance, compare the rates and fees from the
dealer/Honda Credit with your personal bank and/or credit union.

Don't buy ANY add-on stuff from the stealership. No extended warranty,
paint protection mumbo-jumbo, etc.

Note also that Honda has bumped up the powertrain warranty on 2006
models to 5 years/60,000 miles from the 36/36,0000 warranty on 2005 and
earlier vehicles.

John