Should i buy new or Hold off? Newb with Honda - Drive Accord Honda Forums
 7Likes
Reply
 
LinkBack Thread Tools Search this Thread Rate Thread Display Modes
post #1 of 29 Old 03-14-2017, 11:45 AM Thread Starter
1st Gear
 
Join Date: Mar 2017
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Arrow Should i buy new or Hold off? Newb with Honda

I am looking at a 2017 Honda Accord Sport SE w/ msrp of $27,190 I been contacting all dealers in my area and so far the best OTD is $24,600. I live in N California. Do you think there is more wiggle room?

OR

Should i purchase pre-owned? what are the positives? Money wise i think used hondas don't depreciate much or simply are overpriced (16 17) used. Like i said im new to Honda so please let me know your feedback. Thank you

ap16 is offline  
Advertisement
 
post #2 of 29 Old 03-14-2017, 11:48 AM
Don't drink and drive
 
salcuta's Avatar
 
Join Date: Aug 2014
Location: Asheville, NC
Posts: 3,100
Thanks: 225
Thanked 258 Times in 239 Posts
Garage
Buying a used is better IMO. 20k miles on the odometer is pretty much nothing for the car.


2005 Honda Accord V6 LX - 165k
2013 Hyundai Santa Fe Sport
2015 Rocky Mountain Soul (Runs on fat)

2005 Toyota Corolla
2011 Ninja 250R
2006 Cadillac CTS
1999 Nissan Altima

"Ordinary people have big TVs. Extraordinary people have big libraries." - Robin Sharma
salcuta is offline  
post #3 of 29 Old 03-14-2017, 11:52 AM Thread Starter
1st Gear
 
Join Date: Mar 2017
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Very rare have i seen a used Obsidian Blue come up for sale in my area? is this color more Rare than the others by any chance?

would love to hear other peoples opinions
ap16 is offline  
 
post #4 of 29 Old 03-14-2017, 11:55 AM
Don't drink and drive
 
salcuta's Avatar
 
Join Date: Aug 2014
Location: Asheville, NC
Posts: 3,100
Thanks: 225
Thanked 258 Times in 239 Posts
Garage
It is a somewhat a rare color. Look on cars.com and search within the desired radius.

2005 Honda Accord V6 LX - 165k
2013 Hyundai Santa Fe Sport
2015 Rocky Mountain Soul (Runs on fat)

2005 Toyota Corolla
2011 Ninja 250R
2006 Cadillac CTS
1999 Nissan Altima

"Ordinary people have big TVs. Extraordinary people have big libraries." - Robin Sharma
salcuta is offline  
post #5 of 29 Old 03-14-2017, 11:59 AM
3rd Gear
 
Join Date: Mar 2017
Posts: 103
Thanks: 0
Thanked 4 Times in 4 Posts
The decision is really based on your financial situation, and time frame as to when you want to buy the car, and what your perception of a deal is.

What's your target OTD price for a new car, and what is it for a used car? Used cars are a much better value if you can find a low mileage car that's in excellent all-around condition.

When you say wiggle room, are you referring to a few hundred dollars, or a thousand or two? Wiggle room really depends on a dealership motivation to move cars. Most dealers seem to be willing to offer very competitive prices for the 4 cylinder Accords.
KW2004Accord and dumpinfo like this.

2017 Accord Coupe Touring / MSM
seldomseen is offline  
post #6 of 29 Old 03-14-2017, 12:11 PM Thread Starter
1st Gear
 
Join Date: Mar 2017
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Quote:
Originally Posted by salcuta View Post
It is a somewhat a rare color. Look on cars.com and search within the desired radius.
There is only 1 in a 250 mile radius. That 1 is 246 miles away listed almost at 24k non SE with 11k Miles on it
ap16 is offline  
post #7 of 29 Old 03-14-2017, 12:12 PM
1st Gear
 
Join Date: Oct 2016
Posts: 11
Thanks: 1
Thanked 0 Times in 0 Posts
Quote:
Originally Posted by salcuta View Post
Buying a used is better IMO. 20k miles on the odometer is pretty much nothing for the car.
I'd say it all depends on how used of a vehicle you're looking for. Many used 2015/2016s are selling between $18-22k in my area(for a Sport model). I was quoted $21,686 for a brand new Sport SE with manual transmission. In my opinion, it's worth it to spend a tad extra for a brand new car. Just my $.02.
easymike and dumpinfo like this.
NCSport47 is offline  
post #8 of 29 Old 03-14-2017, 12:55 PM
5th Gear
 
Join Date: Jul 2016
Posts: 687
Thanks: 94
Thanked 96 Times in 90 Posts
The only thing about a used car is you don't know if it had been abused, run low on oil, no oil or "hot rodded". While they can be a better value sometimes, it may be a roll of the dice.

2004 4cyl. EX Sedan automatic 480K
KW2004Accord is offline  
post #9 of 29 Old 03-14-2017, 01:13 PM
BRWNFLSH now
 
BLCKFLSH's Avatar
 
Join Date: Oct 2008
Location: Thibodaux Louisiana
Posts: 6,065
Thanks: 169
Thanked 573 Times in 498 Posts
Another thing to consider is financing. Honda is offering .9% on new cars (depending on your credit). Could you get that low on a used car? With a high interest rate you could end up paying more for the used car.

92 EX Sedan auto (RWB) - sold after 12 years (140k miles)
03 EX V6 Sedan auto (NBP, then Ford Blue) - traded in after 13 years (135k miles)
16 EX I4 CVT (KCM) with sensing - 4500 miles so far
BLCKFLSH is offline  
post #10 of 29 Old 03-14-2017, 01:19 PM
3rd Gear
 
Join Date: Mar 2017
Posts: 103
Thanks: 0
Thanked 4 Times in 4 Posts
Quote:
Originally Posted by KW2004Accord View Post
The only thing about a used car is you don't know if it had been abused, run low on oil, no oil or "hot rodded". While they can be a better value sometimes, it may be a roll of the dice.
Very true! There's even a gamble when you buy new as well, as many new cars have engine, drive train and electronic issues. And it is an extreme inconvenience for a new car buyer to have a new car at the dealership every other week to address both known and unknown problems affecting the car.
KW2004Accord likes this.

2017 Accord Coupe Touring / MSM
seldomseen is offline  
post #11 of 29 Old 03-14-2017, 01:21 PM
6th Gear
 
qman's Avatar
 
Join Date: Mar 2015
Location: Colorado Springs, CO
Posts: 1,543
Thanks: 4
Thanked 61 Times in 59 Posts
New cars take their biggest hit in their first 3 years. Hell, driving it off the lot is a huge hit in value.

I read that some years ago and don't know the exact facts any more but using that, I've never bought something in its first 3 years. When it comes to Honda, my 14 year old Accord is still more solid than a lot of other makes on the road today.

2003 Accord EX I4 AT (mine), K&N drop in (surprised), JL Audio TR690Txi 6X9 in the rear
2004 Accord EX I4 MT (wife's), totally bone stock except for all the crap that fills every cubic inch that is not the driver seat.
qman is offline  
post #12 of 29 Old 03-14-2017, 01:24 PM
3rd Gear
 
Join Date: Mar 2017
Posts: 103
Thanks: 0
Thanked 4 Times in 4 Posts
Quote:
Originally Posted by qman View Post
New cars take their biggest hit in their first 3 years. Hell, driving it off the lot is a huge hit in value.

I read that some years ago and don't know the exact facts any more but using that, I've never bought something in its first 3 years. When it comes to Honda, my 14 year old Accord is still more solid than a lot of other makes on the road today.
True, and Very True!
qman likes this.

2017 Accord Coupe Touring / MSM
seldomseen is offline  
post #13 of 29 Old 03-14-2017, 04:29 PM
5th Gear
 
Join Date: Apr 2016
Location: Reseda / Los Angeles
Posts: 653
Thanks: 4
Thanked 18 Times in 18 Posts
Buying used is the better deal typically. If you buy new you should plan to keep it a few years to make up for some of the depreciation hit. Unless money's no object. In which case I'd guess you would already have the new car.

OK, not so helpful. But, it's your money.

2008 Coupe V6
VFR4Lee is offline  
post #14 of 29 Old 03-14-2017, 04:37 PM
5th Gear
 
Join Date: Dec 2013
Location: Los Angeles
Posts: 603
Thanks: 3
Thanked 27 Times in 27 Posts
I bought my car new because it's a 2013 and I wanted the new model (generation).

Would I buy used? Sure depending on the mileage and wear/tear on the car.
PeterLegend is offline  
post #15 of 29 Old 03-14-2017, 04:43 PM
Don't drink and drive
 
salcuta's Avatar
 
Join Date: Aug 2014
Location: Asheville, NC
Posts: 3,100
Thanks: 225
Thanked 258 Times in 239 Posts
Garage
Should i buy new or Hold off? Newb with Honda

In the end, it's what you can afford without screwing yourself. The Sport Accords are nice cars. Really like the '16-17 refresh. But if you're gonna pay for a brand new one, why not wait till the end of 2018 for the new gen Accord?

KW2004Accord likes this.

2005 Honda Accord V6 LX - 165k
2013 Hyundai Santa Fe Sport
2015 Rocky Mountain Soul (Runs on fat)

2005 Toyota Corolla
2011 Ninja 250R
2006 Cadillac CTS
1999 Nissan Altima

"Ordinary people have big TVs. Extraordinary people have big libraries." - Robin Sharma
salcuta is offline  
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Drive Accord Honda Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
The answer to the random question may be found under the Off Topic section of the forums and in the "Drive Accord Forums" category.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools Search this Thread
Show Printable Version Show Printable Version
Email this Page Email this Page
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome