looking to purchase 08 Si, Need some opinions

[jmw1112632]

Hey, I'm new here and I'm looking at a 2008 Civic Si coupe at my local dealer. The car has 46,000 miles. I went over to the dealer today and looked it over. It looks to be in great shape, with a few scratches but nothing major. Its a Honda CPO car with the 7yr, 100k mile power-train warranty. The dealer is asking $15,500 for the car. I plan on going over there tomorrow to test drive it, and was wondering, if I did end up wanting to purchase it, what would be a good price to offer so I won't end up getting taken advantage of? The whole buying a car is a new experience for me and looking for some tips to make it as easy as possible.

any help/suggestions are greatly appreciated.

thanks

[jmw1112632]

I'd also like to add that this car has been on their lot since mid November 2011, Its a one owner, clean carfax. There are quite a few si's for sale were I live and it doesn't seem like they sell quick here. Being on their lot that long, should I factor that into my offer on the car?

[jWongx27]

Always offer a lower price... used car they jack the price up because they know everyone wants to bargain with the price... ask to take off 2 grand i bet they will still sell it

[Sugar Shane]

There are several websites that keep track of used car market values in whatever area you live. edmunds.com comes to mind, and I'm sure there are others.

[jmw1112632]

Originally Posted by jWongx27

Always offer a lower price... used car they jack the price up because they know everyone wants to bargain with the price... ask to take off 2 grand i bet they will still sell it

Originally Posted by Sugar Shane

There are several websites that keep track of used car market values in whatever area you live. edmunds.com comes to mind, and I'm sure there are others.

Looked up edmunds True Market Value and it comes up as $15,701.

[Sugar Shane]

Originally Posted by jmw1112632

Looked up edmunds True Market Value and it comes up as $15,701.

Well, there you have it. You can try low-balling them by a grand or two, and see what they do. There's always room for negotiation, but it depends on your skills, and your willingness to walk away and keep looking if you don't like their price.

If they took the car in on trade, they paid a few grand less for it, but probably had to do some repairs/reconditioning to make it a CPO car, which adds a bit to their cost, not to mention the CPO enrollment fee. (Assuming this is a Honda dealer, and they aren't running a scam like College Park Honda did to that other guy.) Naturally, they'll want to make as much off of it as they can, but the longer it sits on their lot, the more they want to move it.

Ask to see the service records, which will have the repair order for the repairs/inspection they did when the car was CPO'd. This will tell you how long they've had it, which is useful information when negotiating.

[BLouIsGod]

I'd say start at 13k if you're paying cash. See how it goes.


Sent from my Autoguide iPhone app

[Sugar Shane]

Originally Posted by BLouIsGod

I'd say start at 13k if you're paying cash. See how it goes.

And do it tomorrow, since they're looking to sell the car by the end of the month. Forgot to mention that earlier...

[jmw1112632]

Originally Posted by Sugar Shane

Well, there you have it. You can try low-balling them by a grand or two, and see what they do. There's always room for negotiation, but it depends on your skills, and your willingness to walk away and keep looking if you don't like their price.

If they took the car in on trade, they paid a few grand less for it, but probably had to do some repairs/reconditioning to make it a CPO car, which adds a bit to their cost, not to mention the CPO enrollment fee. (Assuming this is a Honda dealer, and they aren't running a scam like College Park Honda did to that other guy.) Naturally, they'll want to make as much off of it as they can, but the longer it sits on their lot, the more they want to move it.

Ask to see the service records, which will have the repair order for the repairs/inspection they did when the car was CPO'd. This will tell you how long they've had it, which is useful information when negotiating.

Originally Posted by Sugar Shane

And do it tomorrow, since they're looking to sell the car by the end of the month. Forgot to mention that earlier...

Yep, it is a honda dealership. I'll definitely ask for the service records tomorrow. Thanks for the great advice, I appreciate it.

[Sugar Shane]

Originally Posted by jmw1112632

Yep, it is a honda dealership. I'll definitely ask for the service records tomorrow. Thanks for the great advice, I appreciate it.

Glad to help. Good luck!

[Nevtec]

Start at 13. But honestly the list price isn't too bad to begin with, I'd jump on it. But deff try to bargin

[Sugar Shane]

Originally Posted by Nevtec

Start at 13. But honestly the list price isn't too bad to begin with, I'd jump on it. But deff try to bargin

It can't hurt to offer them a lower price. There's a few grand profit in every used car, and even though they have no obligation to sell it to you for their cost, they have that buffer zone.

Working in the seller's favor is the fact that by virtue of the manual transmission, the Si is not a car that mainstream buyers will look for. Working against the seller is the fact that the 9th gen Si is such a huge, steaming pile of disappointment, which helps the 8th-gen cars maintain their resale value.

[I_Love_My_Honda]

I just bought my 08 Civic Si Sedan @ a dealership this past Friday. Asking price was $15,765 with 80,000 Miles. They made the difference up by giving me about $600 more for my trade in, but for your deal, an Si for $15,500 with 46,000 Miles on it is a Great deal with the warranty they are offering. I honestly would maybe try to bargain it down like $500.00. They probably wont really budge much more then that especially since book value for that year and mileage is around $15,700. Good luck though!

[joanna]

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