Need advise on bargaining on Certified Preowned Car
#1
Need advise on bargaining on Certified Preowned Car
2004 Blue TSX, 6-Speed, Non-Nav
VIN: JH4CL95844C010251
Carfax checks ok.
Mileage: 24, 640
Dealer offer: $24,900
According to Internet Sales manager, the car came from wholesale auction. The car has no service records. From the carfax, it shows it was a lease.
Three things I noticed from my brief inspection and test drive:
1.) Interior plastic piece on driver's side door is missing (near door handle).
2.) The center cubbie (the top portion where you can put coins) does not stay down when you pull up. When pulling up, it comes up with the top piece.
3.) Front tires pretty worn out.
According to salesman, it will be covered bumper to bumper warranty for Certified Pre-Owned car is to 5-years 62k miles, and then Powertrain up to 7-years and 100k miles.
He was obviously pressuring me to make an offer since it's the last day of the month.
I said I'll call him back tomorrow.
He said I can get 3.9% financing for CPO via Honda, if I got a score of 720. I have about 700, so I would go to a Credit Union to get a better rate.
Checking NADA and KBB: I got these prices:
Retail: $24,945
Private Party:
Fair: $19,170
Good: $20,985
Excellent: $22,405
Questions:
What would be a fair price? I told the guy already that I think it's too high, considering invoice on a brand new one is $24,784.
It's high mileage for an '04
He put in 87 octane to fill up the car before we switched for me to drive. The manual recommends 91. Is putting 87 in the car ok?
I saw that the TL comes with LSD (Limited Slip Diff). Does the TSX? The salesman didn't know, and I could not find any information.
VIN: JH4CL95844C010251
Carfax checks ok.
Mileage: 24, 640
Dealer offer: $24,900
According to Internet Sales manager, the car came from wholesale auction. The car has no service records. From the carfax, it shows it was a lease.
Three things I noticed from my brief inspection and test drive:
1.) Interior plastic piece on driver's side door is missing (near door handle).
2.) The center cubbie (the top portion where you can put coins) does not stay down when you pull up. When pulling up, it comes up with the top piece.
3.) Front tires pretty worn out.
According to salesman, it will be covered bumper to bumper warranty for Certified Pre-Owned car is to 5-years 62k miles, and then Powertrain up to 7-years and 100k miles.
He was obviously pressuring me to make an offer since it's the last day of the month.
I said I'll call him back tomorrow.
He said I can get 3.9% financing for CPO via Honda, if I got a score of 720. I have about 700, so I would go to a Credit Union to get a better rate.
Checking NADA and KBB: I got these prices:
Retail: $24,945
Private Party:
Fair: $19,170
Good: $20,985
Excellent: $22,405
Questions:
What would be a fair price? I told the guy already that I think it's too high, considering invoice on a brand new one is $24,784.
It's high mileage for an '04
He put in 87 octane to fill up the car before we switched for me to drive. The manual recommends 91. Is putting 87 in the car ok?
I saw that the TL comes with LSD (Limited Slip Diff). Does the TSX? The salesman didn't know, and I could not find any information.
#2
Also, what's the deal with these two recalls?
http://www.alldata.com/TSB/01/04013446.html
Safety Recalls
TSB Number & Issue Date TSB Title
04-026 SEP 04 Recall - Rear Wire Harness Modification
General Recalls
TSB Number & Issue Date TSB Title
04-012 SEP 04 Campaign - A/T Inspection/Replacement
http://www.alldata.com/TSB/01/04013446.html
Safety Recalls
TSB Number & Issue Date TSB Title
04-026 SEP 04 Recall - Rear Wire Harness Modification
General Recalls
TSB Number & Issue Date TSB Title
04-012 SEP 04 Campaign - A/T Inspection/Replacement
#4
You can probably get him closer to the private party pricing.
However, it probably wont get that low.
What i would also do, is have him replace the stuff that's broken in the car.
Although it's a certified Acura. 24000 and only the front tires worn down means that the tires were probably not properly rotated every 5000 miles. Not only that, but that probably meant he took the corners very hard too. Also, since the car is probably less than a year old and has only 24000 miles on it and it's got all of those pieces missing. I'm inclined to think that the car was not very well taken care of previously.
It's your call but i would stay away.
You can probably get an Acura dealership to pull up maintenance records with the VIN # is the guy did the service at the dealerships. However i doubt it since he doesn't seem to have taken care of the car really well.
But if you really want to get it, i would get the dealer to sell it to you for near the private party value. Then have them repair all of that stuff including 2 front tires as well for that price.
However, it probably wont get that low.
What i would also do, is have him replace the stuff that's broken in the car.
Although it's a certified Acura. 24000 and only the front tires worn down means that the tires were probably not properly rotated every 5000 miles. Not only that, but that probably meant he took the corners very hard too. Also, since the car is probably less than a year old and has only 24000 miles on it and it's got all of those pieces missing. I'm inclined to think that the car was not very well taken care of previously.
It's your call but i would stay away.
You can probably get an Acura dealership to pull up maintenance records with the VIN # is the guy did the service at the dealerships. However i doubt it since he doesn't seem to have taken care of the car really well.
But if you really want to get it, i would get the dealer to sell it to you for near the private party value. Then have them repair all of that stuff including 2 front tires as well for that price.
#5
Originally Posted by Alin10123
You can probably get him closer to the private party pricing.
However, it probably wont get that low.
What i would also do, is have him replace the stuff that's broken in the car.
Although it's a certified Acura. 24000 and only the front tires worn down means that the tires were probably not properly rotated every 5000 miles. Not only that, but that probably meant he took the corners very hard too. Also, since the car is probably less than a year old and has only 24000 miles on it and it's got all of those pieces missing. I'm inclined to think that the car was not very well taken care of previously.
It's your call but i would stay away.
You can probably get an Acura dealership to pull up maintenance records with the VIN # is the guy did the service at the dealerships. However i doubt it since he doesn't seem to have taken care of the car really well.
But if you really want to get it, i would get the dealer to sell it to you for near the private party value. Then have them repair all of that stuff including 2 front tires as well for that price.
However, it probably wont get that low.
What i would also do, is have him replace the stuff that's broken in the car.
Although it's a certified Acura. 24000 and only the front tires worn down means that the tires were probably not properly rotated every 5000 miles. Not only that, but that probably meant he took the corners very hard too. Also, since the car is probably less than a year old and has only 24000 miles on it and it's got all of those pieces missing. I'm inclined to think that the car was not very well taken care of previously.
It's your call but i would stay away.
You can probably get an Acura dealership to pull up maintenance records with the VIN # is the guy did the service at the dealerships. However i doubt it since he doesn't seem to have taken care of the car really well.
But if you really want to get it, i would get the dealer to sell it to you for near the private party value. Then have them repair all of that stuff including 2 front tires as well for that price.
#6
Considering that a good deal in Southern California for a brand new 2005 is around $25,600 combined with the better resale of a newer model year, I'd pass on that CPO.
I was in the same dillema last week. There was a CPO 6-spd and the dealer was asking $25k. I ended up getting my 2005 with 4 miles on the odometer for $26k with a front underbody spoiler through AAA special pricing.
If you're hell bent on getting a CPO, make sure the dealer fixes all those problems and they have a work order with your sale. You will most likely have to return to have them fix it since they want the car off their lot after you sign. I bought a CPO 2003 Honda Pilot and the dealer promised to fix a door ding and rear bumper scrape during negotiation. When I came back for them to fix it, they told me, "Do you have a work order? If you don't, we can't work on it."
I was in the same dillema last week. There was a CPO 6-spd and the dealer was asking $25k. I ended up getting my 2005 with 4 miles on the odometer for $26k with a front underbody spoiler through AAA special pricing.
If you're hell bent on getting a CPO, make sure the dealer fixes all those problems and they have a work order with your sale. You will most likely have to return to have them fix it since they want the car off their lot after you sign. I bought a CPO 2003 Honda Pilot and the dealer promised to fix a door ding and rear bumper scrape during negotiation. When I came back for them to fix it, they told me, "Do you have a work order? If you don't, we can't work on it."
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#8
I bought used car before. and carfax didnt show anything . if insurance company was not gone through and no major things was RECORDED it doesnt show up. my last CL S tranny blown didnt show up either. so dont belieev carfax.
u said dealer offer 24K. i say just suck it up and find 2 K more for new car. peace of mind. and ull regret not paying that 2K for new car should this one have any trouble later. just suck it up and get new ones!
u said dealer offer 24K. i say just suck it up and find 2 K more for new car. peace of mind. and ull regret not paying that 2K for new car should this one have any trouble later. just suck it up and get new ones!
#9
also. fair price is not determined by bluebook in TSX case. TSX is popular car. fairness depend on popular/consumer demand. So you are at disadvantage at this point. SOMEONE will take the car off his hand.
I had the wiring harness recall. that is just the wire that is attached to ur hinge use for light and open trunk. things. nothing broken, they just beef it up acuse its design will make it rub against hinge and they are afraid its gonna burn out if too much friction and rubbing. no biggie
transmission things. i heard a few model have had minor MANUEL trouble. but its only within certain VIN number. so gotta check that. auto has no problem.
as i said in last post...only couple thousand differences. suck it up and get new car, you will thank me later if u take the 2K and get new ones..
I had the wiring harness recall. that is just the wire that is attached to ur hinge use for light and open trunk. things. nothing broken, they just beef it up acuse its design will make it rub against hinge and they are afraid its gonna burn out if too much friction and rubbing. no biggie
transmission things. i heard a few model have had minor MANUEL trouble. but its only within certain VIN number. so gotta check that. auto has no problem.
as i said in last post...only couple thousand differences. suck it up and get new car, you will thank me later if u take the 2K and get new ones..
#10
our purchase was a cert. used TSX-04, ours had 6000mi on it, they asked $23,900 for it, they wouldn't budge one I-ota. We haggled on tax a bit that was it--I paid asking for it. You get a 7yr 100k mi warranty it's a nice feature if the miles are low.
#15
Acura of Boston is obviously a lot bigger than Herb Connelly in Framingham. They have a lot more cars on their lot and generate a lot of customer traffice. Herb Connelly has offered a new '05 Artic Blue for $26k.
2005 Acura TSX
4dr Sedan (2.4L 4cyl 6M)
What Others
Are Paying
MSRP Invoice
National Base Price
A note about advertising fees $27,190 $24,784 $26,601
Regional Adjustment
for Zip Code Change - - -$182
Optional Equipment N/A N/A N/A
No optional equipment selected
Color Adjustment - - $0
Arctic Blue Pearl
Destination Charge $570 $570 $570
Total with Options $27,760 $25,354 $26,989
According to Edmunds: TMV is just under $27k.
What is a fair deal on a new one?
Invoice is $24,784, and then destination is $570.
Should I expect that they want at least $500 profit on top of that? They already make about $800 on holdback from Honda once it's off the lot.
2005 Acura TSX
4dr Sedan (2.4L 4cyl 6M)
What Others
Are Paying
MSRP Invoice
National Base Price
A note about advertising fees $27,190 $24,784 $26,601
Regional Adjustment
for Zip Code Change - - -$182
Optional Equipment N/A N/A N/A
No optional equipment selected
Color Adjustment - - $0
Arctic Blue Pearl
Destination Charge $570 $570 $570
Total with Options $27,760 $25,354 $26,989
According to Edmunds: TMV is just under $27k.
What is a fair deal on a new one?
Invoice is $24,784, and then destination is $570.
Should I expect that they want at least $500 profit on top of that? They already make about $800 on holdback from Honda once it's off the lot.
#18
It doesn't make any sense if you purchase that car at that price. Offer to pay $22.5~23, and ask him to throw in some free oil changes and service maintenance, because a new car like everyone mentioned is only $2~3k above the dealer-offered price.
#19
Originally Posted by edboc
What should I be shooting for? Some where in the $25k range?
I would speak with Jimmy and tell him that you are friends with Wilson Kwong and was referred to him directly to work with you. He'll know who I am and he should try to get you the best deal. Let me know if you have any questions.
WIL
btw. I was referred to Jimmy by a kid who knows him directly.
#20
I'm dealing with Jimmy directly. This is the email he sent me this morning. I emailed him that I have the National Corporate Pricing Certificate:
Hi Edwin,
The NAtional Corporate Pricing is based on the best Internet Price we offer on the car. The best quote I give to people is $26,200 and thru them get an additional $50 or more off on the car. If you take the one we have in-stock you can have it for $26,000.
Best regards,
Jimmy Goon
Internet Manager
Herb Connolly Acura
(508) 820-9313 x 108
Hi Edwin,
The NAtional Corporate Pricing is based on the best Internet Price we offer on the car. The best quote I give to people is $26,200 and thru them get an additional $50 or more off on the car. If you take the one we have in-stock you can have it for $26,000.
Best regards,
Jimmy Goon
Internet Manager
Herb Connolly Acura
(508) 820-9313 x 108
#22
Originally Posted by Howard911s
I bought used car before. and carfax didnt show anything . if insurance company was not gone through and no major things was RECORDED it doesnt show up. my last CL S tranny blown didnt show up either. so dont belieev carfax.
u said dealer offer 24K. i say just suck it up and find 2 K more for new car. peace of mind. and ull regret not paying that 2K for new car should this one have any trouble later. just suck it up and get new ones!
u said dealer offer 24K. i say just suck it up and find 2 K more for new car. peace of mind. and ull regret not paying that 2K for new car should this one have any trouble later. just suck it up and get new ones!
#24
Originally Posted by edboc
What's the best way of dealing with both dealerships to get the best deal? Eventually, one of them will just say bye and tell me to take the deal with the other place.
I'd say call their bluff. I am sure in Boston you have quite a few Acura dealerships in the area. They all get the cars for the same and compete for incentives. Selling a higher quantity for a dealer is in their best interest in the long run. I played dealers against each other in the Denver area and was very pleased with my deal.
In the end prices will be just a couple hundred apart before they tell you to go to the other guy. At that point see who gives you the most extras (free powertrain or accessories) and they should be the winner.
#25
I got mine brand new for $24.5k... this guy is ripping you off. don't get it from him. Tries doesn't cover under warranty. The center tray.... it will be hell to get them covered under warranty. They will say its customer abuse. As far the missing part.. they're not going to cover that either. Used car warranty is usually 7 yrs/100k. ....... you better off getting a new TSX.. ... my
#26
Originally Posted by foolioness
I got mine brand new for $24.5k... this guy is ripping you off. don't get it from him. Tries doesn't cover under warranty. The center tray.... it will be hell to get them covered under warranty. They will say its customer abuse. As far the missing part.. they're not going to cover that either. Used car warranty is usually 7 yrs/100k. ....... you better off getting a new TSX.. ... my
How'd you get below invoice? Non-nav 6-speed? Where ar eyou located?
#27
Originally Posted by edboc
What's the best way of dealing with both dealerships to get the best deal? Eventually, one of them will just say bye and tell me to take the deal with the other place.
I worked with Jimmy because my friend knew him and the guy at Acura of Boston (Sam Davis) was a fockin' dick to me when I was pretty much sold on the TSX.
#28
Considering the visible damages to the car...you can't imaging what else is wrong with the powertrain that is not visible and will show up in the long run. Definately go with a new TSX for that peace of mind and extra money in your wallet in the long run.
You might want to email the dealers that you're interested in a new TSX and let them know to email you if a special comes along. Fourth of July might me a time they send special prices. I received an email from a southern cali dealer offering a new non-nav for 24,988 including destination and extras during the memorial holiday weekend.
You might want to email the dealers that you're interested in a new TSX and let them know to email you if a special comes along. Fourth of July might me a time they send special prices. I received an email from a southern cali dealer offering a new non-nav for 24,988 including destination and extras during the memorial holiday weekend.
#30
Originally Posted by NightShredder
Peace of mind is worth more than 2K...get an '05. If you are hell bent on this CPO I would not pay much more than 21K for it considering all the unknown facts and the fact that I don't like CPO cars. You never know what the previous owner did to the car.
Ours was used, we've had it for 6mo. and it's been totally fine. My wife drives it to work and at the current milage rate the warranty will last the full 7yrs. I've purchased many used cars in the past, it's really hard to find a true Honda lemon under 20k mi. I mean use some common sense look the car over. Take it for a test drive, look at the fluids, etc. etc. I passed on a few cert. used models before taking this one, many were very rough IMO.
And we saved alot more then $2000 buying used, plus the warranty extesion, that's worth at least $500-1000 as well, now that's peace of mine IMO.
------
As for tranny failure not showing on carfax, only shows title issues; like flood damage, theft recovery, totaled, it doesn't and won't show minor fender benders and warranty-non warranty repair issues.
#31
Originally Posted by MrChad
Well, if you purchase a used TSX and don't have any issues by 100k mi it's unlikely you will ever have an issue, the wonders of the CPO 7yr 100k mi. Do you have an issue, it gets fixed.
Ours was used, we've had it for 6mo. and it's been totally fine. My wife drives it to work and at the current milage rate the warranty will last the full 7yrs. I've purchased many used cars in the past, it's really hard to find a true Honda lemon under 20k mi. I mean use some common sense look the car over. Take it for a test drive, look at the fluids, etc. etc. I passed on a few cert. used models before taking this one, many were very rough IMO.
And we saved alot more then $2000 buying used, plus the warranty extesion, that's worth at least $500-1000 as well, now that's peace of mine IMO.
------
As for tranny failure not showing on carfax, only shows title issues; like flood damage, theft recovery, totaled, it doesn't and won't show minor fender benders and warranty-non warranty repair issues.
Ours was used, we've had it for 6mo. and it's been totally fine. My wife drives it to work and at the current milage rate the warranty will last the full 7yrs. I've purchased many used cars in the past, it's really hard to find a true Honda lemon under 20k mi. I mean use some common sense look the car over. Take it for a test drive, look at the fluids, etc. etc. I passed on a few cert. used models before taking this one, many were very rough IMO.
And we saved alot more then $2000 buying used, plus the warranty extesion, that's worth at least $500-1000 as well, now that's peace of mine IMO.
------
As for tranny failure not showing on carfax, only shows title issues; like flood damage, theft recovery, totaled, it doesn't and won't show minor fender benders and warranty-non warranty repair issues.
As for the common sense, I could not tell a 1 yr old lemon so my ignorance cost me $ I guess. For me it was worth it in the end.
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