Hey-
Just wanted to get some feedback. I purchased my '08 Accord EX back in November of '07, having never drove the V6 (dealer didnt have any in stock). I paid 22k even before taxes (about $100 below invoice at the time). Anyway, I drove the V6 recently, and totally fell for it. I know I'll take a financial beating private selling/trading in my I4...but just curious as to how much you think I will lose, as it seems the KBB values for the '08 Accord arent up yet. The car has 6,500 miles, and no accidents,dings, etc. What do you guys think?

The V-6 is about $3000 more,right??

I think you'll be about $5000 difference or so............:)

Hey-
Just wanted to get some feedback. I purchased my '08 Accord EX back in November of '07, having never drove the V6 (dealer didnt have any in stock). I paid 22k even before taxes (about $100 below invoice at the time). Anyway, I drove the V6 recently, and totally fell for it. I know I'll take a financial beating private selling/trading in my I4...but just curious as to how much you think I will lose, as it seems the KBB values for the '08 Accord arent up yet. The car has 6,500 miles, and no accidents,dings, etc. What do you guys think?

You'll do better if oil prices spike this summer, not that I'm hoping for that. So, demand for 4cyls is increasing while V6 demand is waning and that's good for you. If 4cyl demand exceeds supply your trade-in value will rise. We'll have to see if May's sales numbers and trend continues into June. Otherwise, they always say a car depreciates thousand as it leaves the lot?

You can get the V6 you want for under invoice now with AHFC low APR financing. Financing deal ends in a few weeks though.

oh...i should also prob mention that I want/have a coupe...isnt the incentive only for sedans?

You'll do better if oil prices spike this summer, not that I'm hoping for that. So, demand for 4cyls is increasing while V6 demand is waning and that's good for you. If 4cyl demand exceeds supply your trade-in value will rise. We'll have to see if May's sales numbers and trend continues into June. Otherwise, they always say a car depreciates thousand as it leaves the lot?



This is very true. Boch Honda, largest dealer in MA from where I bought my Accord, just put V6 on sale.

Still, this is not a financially sound deal.

mike.

This is very true. Boch Honda, largest dealer in MA from where I bought my Accord, just put V6 on sale.

Still, this is not a financially sound deal.

mike.

How is it not a financially sound deal? Hisr I-4 is worth MORE than usual, and dealers are looking to "give away" V-6's........

Still a depreciation hit, but not as bad as normally occurs.

If they give him $18500 for it, and discount the V-6 to invoice, they can show him almost $22,000 for his I-4..........

How is it not a financially sound deal? Hisr I-4 is worth MORE than usual, and dealers are looking to "give away" V-6's........

Still a depreciation hit, but not as bad as normally occurs.

If they give him $18500 for it, and discount the V-6 to invoice, they can show him almost $22,000 for his I-4..........

Not a financially sound deal because of: (1.) dealers are discounting V6 models, not necessarily giving them away; (2.) while i4 may be worth more than usual, no dealer is going to break the bank, so to speak, as far as trade-in value; and (3.) depreciation factor. Figure-in that for the new V6, there is still tax to be paid on difference between trade-in and new sale, title fee, transfer fee etc, and that is even more money to add to the transaction. Also, figure-in the likelihood of higher insurance premium for the V6. Is the OP's i4 paid off; if not, roll that cost to be paid off into the new transaction, too. Oh, and higher excise tax, as well, assuming OP lives in state where such tax exists. Last, but not least, let's figure-in the higher cost to use premium fuel. All of this, together, both actual and incidental costs just don't, in my opinion, comport as being a financially sound deal when looking at the totality of the transaction.

mike.

Premium fuel is not part of the equation, both engines use regular 87 octane. Financially sound or not you're gonna take a hit. The only way to know how badly is to go to the dealer and work the numbers. It all starts with getting the current pay off on the car. If you put the minimum down and financed for 60 months you'll get pounded. If your pay off is less than the trade value you'll come out ahead.

FYI, the car is paid off...and I live in NJ...so not sure about the excise taxes. Might go to PA to buy the v6..if I do.

I listed it on craigslist for 22k OTD, got some bites...but not sure how serious they are.

Not a financially sound deal because of: (1.) dealers are discounting V6 models, not necessarily giving them away; (2.) while i4 may be worth more than usual, no dealer is going to break the bank, so to speak, as far as trade-in value

You have no idea what you are talking about. I work at a honda store and the v6 models are not getting near the discounts that the 4cyl. is getting esp. on the coupes. There is a lot more demand for the v6 compared to the supply than the 4cyl. We currently have about 20 4cyl coupes and only about 4 v6s and we just got those this week. The most desired model right now is the v6 M/T everytime we get one it is gone in a week and people are paying sticker price or more for them because nobody has them just sitting around. Secondly, you will not lose too much on your trade if you know what you are doing. You should be able to get at least $19K for your current car and you can buy a v6 EX-L coupe for about $26k as long as you know what you are doing. Invoice on the car is $26,258 if I remember right I will go check tomorrow at work. I bought mine for $25,750. But we will give a 4-cyl away a lot faster than a v6 just for the fact that we have tons of them.

Another thing is that if you trade it, a store will put some money in it because a certified pre-owned honda will bring just as much money as a brand new one because it actually has more warranty than a new one does......

FYI, the car is paid off...and I live in NJ...so not sure about the excise taxes. Might go to PA to buy the v6..if I do.

I listed it on craigslist for 22k OTD, got some bites...but not sure how serious they are.

It's difficult to sell a car that expensive yourself. People usually need to work with lenders etc, and lenders aren't big with private party dealing.

I would go get a trade in value, and also get your car appraised at CarMax if there's one near. Make sure it looks its very best, because even the slightest reconditioning required gives them the ability to deduct. :yes:

The V-6 is about $3000 more,right??

I think you'll be about $5000 difference or so............:)
figuring that a new car looses $2000.00 right off the lot, my guess is 6-7grand. but if you factor in that 4 cyl are in high demand you may do a little better. Are you a repeat customer? They'll do alot to keep a loyal customer so who knows. I work for my dealer here and Accords are sell at a moderate speed but we cant keep civics or FITS. My point is theyd work harder to take a car with low miles that are flying off the lot even before they are delivered new. I hope you follow me. i know you dont have a civic but im sure you understand.

I wouldn't even bother doing this because A) you will probably lose too much and B) w/ the price of gas that will go nowhere but up IMO, your new V6 may not be worth as much as it could be in the coming years.

This all seems too risky. If I were you I'd run your current Accord for at least a year or two and then see what is in the market at that time. If you're still itching to make a trade than do it then.

FYI, the car is paid off...and I live in NJ...so not sure about the excise taxes. Might go to PA to buy the v6..if I do.

I listed it on craigslist for 22k OTD, got some bites...but not sure how serious they are.

Paid off? Hell go trade it on the one you want........you only go around once.

You have no idea what you are talking about. I work at a honda store and the v6 models are not getting near the discounts that the 4cyl. is getting esp. on the coupes. There is a lot more demand for the v6 compared to the supply than the 4cyl. We currently have about 20 4cyl coupes and only about 4 v6s and we just got those this week. The most desired model right now is the v6 M/T everytime we get one it is gone in a week and people are paying sticker price or more for them because nobody has them just sitting around. Secondly, you will not lose too much on your trade if you know what you are doing. You should be able to get at least $19K for your current car and you can buy a v6 EX-L coupe for about $26k as long as you know what you are doing. Invoice on the car is $26,258 if I remember right I will go check tomorrow at work. I bought mine for $25,750. But we will give a 4-cyl away a lot faster than a v6 just for the fact that we have tons of them.

I never said V6 models were getting the discounts of the I4. What I did write is that there is a local dealer offfering a sale on the V6 models and, if you read closely, "dealers are discounting V6 models, not necessarily giving them away." I don't know how you found this to be confusing, but apparently you did. Since you work for at a "honda store," I am sure you can understand that, regionally, certain "honda stores" may have different prices for certain models than other "honda stores." So, just because your "honda store" does not offer discounts on the V6 model, that does not necessarily mean that other "honda stores" in my area, do the same.

If this guys car is paid off then Im guessing that he doesnt really have any real money issues so the gas mileage difference really wouldnt be that big of a deal for him. If I were you I would go for it. If the difference in money is worth it to you go trade. At least go to a Honda Dealership and see what kind of offer they make you. If you want to come to North Carolina come and see me but anyways it never hurts to just check.

lol...money issues. I just dont have a wife...or kids for that matter. :)

Paid off? Hell go trade it on the one you want........you only go around once.

"go around once?"...does that somehow mean that you're only young and stupid once in your life?...lol :)

Well, yes to the young part.

Well, yes to the young part.

:-)

...just called a dealer out of the blue...to run some rough numbers.

They said i could get 17500-18500 for my accord, possibly more, possibly less depending on condition. Also, they said i could get an exl v6 for 'just under' 26k...doesnt seem like a great deal to me...what do you think?

...just called a dealer out of the blue...to run some rough numbers.

They said i could get 17500-18500 for my accord, possibly more, possibly less depending on condition. Also, they said i could get an exl v6 for 'just under' 26k...doesnt seem like a great deal to me...what do you think?

No - it does not seem like a good deal. You have a brand new and paid off Accord. You could take the difference of what you would pay, and instead invest it.

Look - the bottom line is you are the driver. You need to make the decision as to whether making the move is worthwile - for you.

Good luck. mike.

Yep, you're going to get hosed buddy... but it's only money. If you really want it, and can afford it, just do it. But what an expensive mistake. I'm glad I went with the V6 6MT; I was thinking about a TSX for the gas, but am glad I sprang for the V6. Coming from V8s for 15 years (last 400hp), a 4 banger would have been too radical of a change. Good luck.
JC

I have no idea what the used car market is like for an 08 Accord, but 17,500 to 18,500 almost seems obscene to me. We are led to believe this car is in high demand (as is any nice car that gets great fuel mileage) these days.

As a matter of principle I wouldn't accept that offer no matter how much I think I want the V6.

I'd keep your current Accord, enjoy it along with the fuel savings and put the $$$ saved into some sort of investment like a CD.

thanks for the info mark. i was thinking of trading in my I4 coupe auto for something else, but it's really not worth it.. unless after couple of years maybe. anyways.. good luck with everything and let us know what you decided on and if you do go for the trade... let us know the numbers..

You will take a bath on the deal if you trade it in. You know you are going to lose money on the deal. But you stand to lose at least $2000 more by trading it in. Sell it yourself first. As everyone has said, it does not make good financial sense to do it, BUT you are the one who has to live with the car. If you dont like the I-4, you dont like it! What is the money value of driving a car you do not like for 5 years? If you plan to keep the V-6 for at least 5-7, the move won't be as painful as driving a vehicle that you hate. And I guarantee that you never make a mistake like that again, which is worth something in and of itself. Trust me, if you really want the V-6, your dissatisfaction for the I-4 will only get worse in time. Sell the car yourself, get the V-6 and chalk it up as a learning experience. Hope this helps.:thmsup:

You will take a bath on the deal if you trade it in. You know you are going to lose money on the deal. But you stand to lose at least $2000 more by trading it in. Sell it yourself first. As everyone has said, it does not make good financial sense to do it, BUT you are the one who has to live with the car. If you dont like the I-4, you dont like it! What is the money value of driving a car you do not like for 5 years? If you plan to keep the V-6 for at least 5-7, the move won't be as painful as driving a vehicle that you hate. And I guarantee that you never make a mistake like that again, which is worth something in and of itself. Trust me, if you really want the V-6, your dissatisfaction for the I-4 will only get worse in time. Sell the car yourself, get the V-6 and chalk it up as a learning experience. Hope this helps.:thmsup:


It definately does. Thank you so much for the input. Im going to see what the private party category brings to the table...and I'll update you all as the situation progresses.

Thanks again, you all have been most helpful.