Lehigh98
Footballguy
General question, how badly do new car dealerships want to get rid of older cars that came in via trade?
We're shopping around for a first used car for my 16 yo son. I found a 2015 Honda Civic SE (90,000 mi) at a Subaru dealership that they received as a trade in. They've had it sitting in their lot for almost 2 months. I'm guessing the reason is that it's a little banged up visually but seems to be ok otherwise. Probably fine for my son who isn't picky and probably going to put his own dings in it anyway. The dealership has done some work (11/18) to make it more attractive to buyers including: new tires, alignment, balancing, new battery, new serpentine belt, new spark plugs, new inspection.
I'm going to borrow it today to have my mechanic take a look at it. They listed it on 11/8 for $15,060 the dropped it to $14,799 on 11/30 the dropped again to $13,999 on 12/20. When we looked at it yesterday and were leaving, the younger sales rep told me if we're interested at all they'd be willing to make a deal because they want to move it.
Comps in the area for 2015 Honda Civics are:
95k miles for $11,000
80k miles for $14,300
87k miles for $13,300
I'm going to take it to my mechanic and a detail guy today to get some thoughts on condition and cost to fix up some dings / scratches.
If it checks out, what would you look to pay for something like this? What would you send as your first offer?
TIA!
We're shopping around for a first used car for my 16 yo son. I found a 2015 Honda Civic SE (90,000 mi) at a Subaru dealership that they received as a trade in. They've had it sitting in their lot for almost 2 months. I'm guessing the reason is that it's a little banged up visually but seems to be ok otherwise. Probably fine for my son who isn't picky and probably going to put his own dings in it anyway. The dealership has done some work (11/18) to make it more attractive to buyers including: new tires, alignment, balancing, new battery, new serpentine belt, new spark plugs, new inspection.
I'm going to borrow it today to have my mechanic take a look at it. They listed it on 11/8 for $15,060 the dropped it to $14,799 on 11/30 the dropped again to $13,999 on 12/20. When we looked at it yesterday and were leaving, the younger sales rep told me if we're interested at all they'd be willing to make a deal because they want to move it.
Comps in the area for 2015 Honda Civics are:
95k miles for $11,000
80k miles for $14,300
87k miles for $13,300
I'm going to take it to my mechanic and a detail guy today to get some thoughts on condition and cost to fix up some dings / scratches.
If it checks out, what would you look to pay for something like this? What would you send as your first offer?
TIA!