View Full Version : Trading in the 7th Generation Accord


willaccord
02-05-2005, 04:32 PM
The 7th generation Accords are great cars, but I am planning on trading in my 2003 Honda Accord LX Sedan for the 2005 Honda Accord EX Coupe. I have grown into liking the styling of the coupe, which made me questioned why I picked the sedan over the coupe.

Has anyone trade in their 7th generation Accord for a different Accord or car, possibly? If so, how much did the dealership offer you? According to the Blue Kelly Book, the dealership should offer around $15,000 @ 18,000 miles for my car.

Pairallel
02-05-2005, 04:51 PM
Wow! Where do you live? $15k for an '03 sounds pretty low...maybe you should sell it on your own.

Is it in good shape?


You might try negotiating your out-the-door price, i.e. "my car + $4500 including all taxes and fees..." Hit 3 or 4 dealers and see who can give you the smallest number.:cool:

BenjiBoy650
02-05-2005, 09:06 PM
Actually it sounds about right for my area. I've seen several '03's advertised under 15k with substatial miles (low as 35K, high as 80K), so I wouldn't be surprised if the dealer offered you that. I got a quote on a '04 Accord LX no side airbags automatic last summer for $17,288, so $15K I'd say isn't all that bad.

willaccord
02-05-2005, 09:11 PM
The car will be practically "off-the-lot-new," once I give my 03 Accord an all-out detail. In terms of mechanical operations, the cars runs as if I bought it yesterday. Hondas are great cars. But I want the Accord coupe!!!

So that negotiating strategy... "my car + $4,000"... can I really do that? They won't consider my car as a form of "money" right? Like my car is equivalent to whatever their offer will be. Because throwing in the $4,000 is perfectly fine for the awesome coupe!

OwAce
02-05-2005, 11:57 PM
lets just put it this way
im going to be lucky to get 22 k for my accord
its a 6 speed coupe with navi, and i got it 6 months ago
and it has only 5000 miles on it
i tried to sell it right after i got it
i took it to the dealer
and he offered me 21 k for it. right after i paid 26.k +TTL for for it.

so yeah consider urself lucky at 15k .

Unity1
02-06-2005, 03:54 AM
Resale is a tricky thing. New Accords.. like all new cars.. take a dive in resale value as soon as they're driven off the dealer lot. Over time, though, it will depreciate less than many other makes.

OwAce, don't feel so bad. If you had bought a GM, Ford, or Chrysler/Dodge car... and paid 26K for it... 5,000 miles later you'd probably be looking at a resale value under 20K... which is to say nothing about what the dealer would give you.

anysia
02-06-2005, 05:31 AM
i'm feeling lazy this morning or i'd look it up on kelly blue book...

you will most likely be able to get the "good" value for a trade in that kbb lists.

i can actually only get $15k for my 04 ex coupe with 10k miles on it, but mine has been in a serious accident (frame has been straightened and all) so it falls under "fair" value.... for comparison, if mine had not been in that accident, it would be worth over 18k.

my guess is that 15k is about what i'd expect for the 03 lx sedan.

check out carbuyingtips.com for some advice on how to get the best deal. the methods they used helped me get my 04 ex back in june for 19785 and to get a decent deal on my 03 civic lx sedan as a trade in (22k miles or somewhere around that)!


good luck!! :D

Pairallel
02-06-2005, 06:40 AM
Originally posted by willaccord
The car will be practically "off-the-lot-new," once I give my 03 Accord an all-out detail. In terms of mechanical operations, the cars runs as if I bought it yesterday. Hondas are great cars. But I want the Accord coupe!!!

So that negotiating strategy... "my car + $4,000"... can I really do that? They won't consider my car as a form of "money" right? Like my car is equivalent to whatever their offer will be. Because throwing in the $4,000 is perfectly fine for the awesome coupe!

1. If the car is that nice, you will definitely do better selling it yourself

2. Does your state tax the net value of a purchase, after trade-in, or the gross value of the new car? This will make a huge difference in your decision (as much as $1200 or so)

3. I'm not suggesting $4000 as your number, just the approach to negotiating to keep things simple. The number after tax and fees may well be $6000 or more...