I'm curious what you guys think a used 2004 TSX would be worth in a private part sale. I've looked at the normal Edmunds, KBB, NADA but how realistic are they?

My car is:
2004 TSX
6 MT
NAVI
Carbon Gray Perl with Ebony Interior
Roughly 32,000 miles

The body is perfect, not dents or accidents. Rims are in great shape, no scratches. The car is garaged and I wax it in the summer and wash regularly. The interior only has normal wear; nothing is actually worn out or in need of replacing, but in rather great shape. Everything on it is stock and original. I do all the dealer maintenances and can probably get records. (OK, so I live a boring car life )

I had a conversation the other day with a family member and he knew someone at his work who was looking for a used TSX. I wasn't actively looking to sell it, but I had been pricing out a new TL anyway and if things work out...I figured why not try. The car is in great shape, no problems, so I have nothing to lose if he doesn't want to buy it.

Kelly Blue Book estimates $21,845 for a private party sale.

Edmunds estimates $23,072 for private party sale.

NADA estimates $25,125 for average retail or $22,000 for average trad-in. I think nada is a bit high at $25K.

I rated the car as excellent for all. If you were in his situation, what do you think is a fair price for it? What would you be willing to pay for a car in this condition? I do owe money on it because it’s financed, but I owe somewhere around $16K, so I’d even make money on a trade (possibly) if I went to the dealer.

Which leads me to my next question…how does one actually sell a car that is currently financed? I assume his money would be paid to American Honda Finance, but what things should I look for and be careful of (certified bank check for one thing)? Also, does the warranty of the car transfer to him if he buys it from me? It's still under the 4/50, but I don't know how that works.

 

I would say a private party sale would probably go for a little below blue book. Right now the TSX's are a pretty new car even new. So if you can get below KBB private party, i'd say you have a pretty good deal. Be sure to ask for service records, and if the seller is young... he may have beat the hell out of the Vtec (not stereotyping... but most young teenage guys i know beat the hell out of the car).

If you sell a car that is already financed. You will have to call your bank and tell them the name of the buyer. The buyer will probably be going with financing. So they will get in contact with you. The money will be transferred between the new person's bank and your bank. You won't even touch the money. Once the check clears, your financing company will send title to new owners back. They will also send you the remainder of the money if there's anything left after the payoff.

If it's a factory warranty, it does transfer to him. At least with Honda and Toyota i'm sure they do.

For example ford, kia, hyundai, etc...
Be sure to read the fine print. The warranties are only transferrable to like 36000 miles at certain warranties. My friend who owned a kia said this. She said it's a POS and you'll keep on going into the dealer every few weeks to get something fixed. You'll get tired of it eventually and you'll sell the car. The 100k mile warranty is not transferrable in most cases.

So to put a long story short, they can advertise a car with 100k mile warranty and still stay in business even with poor reliability since most owners dont keep the cars that long.

 

I am the seller, I have service records, and I haven't beat the hell out of the car, nor am I a teenager. A little below kbb puts the car under $20K which is closer to trade-in value. So in that case, what do peope get for trade-in?

 

Why are you people getting rid this awesome car already?

 

i thought it was pretty rare that, even on ebay, they only had like 4 TSX listed. owners must like this car a lot.

 

If you read my post you may have notice that I wasn't even actively trying to sell my TSX, this was a situational thing. If this person is not interested in my car, I'll probably continue to drive it for several more years.

I don't mind if you state your opinion (your question is more of a reflected opinion than a question), but please leave some substance. Does your comment indicate that it makes no sense to sell this car? Do you think it's too soon? Is there no other car that can be bought once a TSX is bought.

 

Wanna sell me ur TSX?