I just want a new CRV and not have loan on it. I've saved the money for it so why not trade it for a new one and keep Honda in business and put other car companies out of business. Plus, Honda makes trouble-free products and great resale value, so why not do it. After all, we all need to stimulate the economy, so why not buy a new car.
A CRV is a qulaity vehicle, so it should be a no-brainer to a wholesaler to buy it and move it fast. The internet should be able to tell them within a matter of minutes what the price is and make the deal.
You can't ever hit a CRV wrong. It will always sell.
Salespeole should be training to work fast on this and make it happen.
You need to go out and spend, spend, spend........and while you are at it.....pay with cash, not financing. For the next 3-4 years......Cash is King!!!!
"I just want a new one that is still under warranty."
And then: "Honda makes trouble-free products"
Sounds a little fishy. Why worry about the warranty on a trouble-free product? Our Odyssey is out of warranty and this is the first vehicle I've owned that it actually concerns me. We've had warranty work at every oil change. I think if I had a good one...I'd not even consider a new one "just because". I'm sure Honda's product will be top shelf when all the other companies are out of business though...good thinking.
Plus, Honda makes trouble-free products and great resale value, so why not do it.
I agree & I should know as well as anyone - I bought my 1st Honda, a Civic, in 1974 & my newest one, an '06 CR-V, in 2005.
But what's the point of buying "trouble-free products" if you're going to trade 'em in after just 2 years? It's like ordering dessert in an expensive restaurant & then not eating it when it shows up.
Smart buyers choose reliable cars because they last longer. They know that they save the most money by picking a good car & then driving it for 8, 10 or more years. But if you're not going to take advantage of a good car's longer lifespan, why bother?
Of course, it's your money, & you're free to waste it as you see fit. Still, I just have to ask: have you done the math? Have you crunched the numbers?
So what you're saying is, every two years you trade your bland, boring, and somewhat embarassing looking girlfriend for one that's equal ugly but slightly younger? Sounds great. I'd trade that old hog for an Acura RDX at the very least. Baby steps..... :P
U can never be 100% in control of the dealership. Why?? B`cos,,ultimately they will deal with u only if there is a profit. A fair deal for both of u-- if this means being in control-- then fine. Also,u said u like the new car warranty,,For a grand more u can buy a 7yr,100k Honda factory extended warranty. U keep looking for reliability-- changing your cars and girlfriends every 2 years-- Ultimately u will get a huge bill- U will get a LEMON eventually So,buyer beware.
I thought Honda only made perfect vehicles worthy of running everyone else out of business?? Well then to heck with the baby steps....trade that puppy for an X3. Still one ugly mistress but at least it does some nasty tricks when you ask it to.
The maintenance is free at the dealership where I go to. Hondas are pretty much maintanance free cars with the exception of oil changes and tire rotations
Hondas are not lemons, they are the best built car in america.
No one here is saying that Hondas aren't good cars. But if you get into the habit of trading in your car every 2 years for a new one, you will eventually go broke - even if you stick with Hondas.
That's why I asked you earlier if you had actually sat down & crunched the numbers to determine if this transaction represents the best possible use of your money.
You can't ever hit a CRV wrong. It will always sell.
You can hit ANY car wrong.
A CRV is a qulaity vehicle, so it should be a no-brainer to a wholesaler to buy it and move it fast. The internet should be able to tell them within a matter of minutes what the price is and make the deal.
The internet doesn't buy cars my friend. These days, even sure fire cars have trouble gettings bids sometimes.
Anyone can justify a new car in their own mind if they want to. He just wants a new ride and justifies it by saying Hondas are bullet proof and hold their value well, way better than other brands so why not trade them every couple of years. It doesn't make sense to me, but hey, it's his money.
If anything, a Honda should make someone hang on to their vehicle as long as possible.
Since he likes to trade every two years, I'm surprised he doesn't look in to leasing.
For those of you that do feel the need to know you've extrapolated the last penny worth of use from you car, then I suggest there is a point of no return where the depreciation will be such that the car has little value and then you need to keep it.
If you truly don't want to be driving a car with 150K miles then trading it at 100-125K may not be the optimal place for you. It's probably always best to keep a car but many like myself do not want to drive a car till death.
I used to look (in the day of high maintenance) at the cost of upcoming maintenance (tires, 60,000 mile inspection, etc) vrs trading. Use the time value of money and do an economic comparison. With a little work I was able to 100% convince myself it was the optimal time to trade
...is to be knowledgable about the market value of your car. You have to honestly appraise it and understand that a dealer has to make money on it. Know your limit before you negotiate and walk away from a deal that does not make financial sense for your economic situation.
Know up front that you will lose money and that if you sell it yourself you can probably do better. many though like myself do not want to fool with that part of the transaction.
If at first a dealer offers you a trade that doesn't absolutely $$#@ you off, then you probably underevaluated your car. Unless you have a long standing relationship with a dealer they will $%@#$# you off. Start from there and don't take it personal.
Only once have I gotten an offer that was more than what I expected and it absolutely made me speechless.
As someone here said,,if u are trading a car every 2 years ,,,then financing is the best option.U can get new cars with the warranty and at the end of the lease,,u can get a different new car. Makes sense!!!
You really do have to wonder if the OP isn't just winding everyone up with this silly & expensive CR-V-trading idea, & the kind of "wild & crazy" rationales for doing so: supporting honda (?), & the economy, now the GF thing (???). It's almost like an SNL sketch.
Altho, as most guys know, the best way to attract an endless supply of new GF's is to own the absolute newest CR-V with the longest warranty.........LOL.....
You say: "Hondas are pretty much maintanance free cars with the exception of oil changes and tire rotations ".
If you're only keeping them for two years, that statement pretty much applies to any vehicle out there.
Well, except for the last 3 new Fords I bought anyway.
2 fuel pumps, 3 sensors, one tranny, 3 clutches, 2 leaky gaskets, 3 general manufacturing defects, and water inside the vehicle all on new machines purchased between 2001 and 2007, repaired under warranty during the first 2 years of ownership.
I can understand wanting to buy something which doesn't exhibit this type of behavior ever, let alone the first 2 years.
I don't think anyone here would have a problem with a two year lease on a CR-V with payments in the low $200 range.
Upgrading a CR-V from two years old to brand new for $5k, tax included, is equivalent to paying $210 a month for the past two years, talking round numbers.
If it were me, I'd probably not do it cuz I'd be glad to have found a good car to begin with. But I don't think that the next two years are going to be any cheaper. Hondas have basically linear depreciation until they are "old cars," as in six or seven years old.
So while the idea of trading up so soon may be a bit unusual, to me it makes a lot more sense than the deal of the guy who will buy the two-year-old CR-V as a CPO vehicle, and save maybe $2-3k over a new one.
I wound like to buy a 2009 Honda CR-V EX-L. I have a mercury grand maquis lx 1997. with 100,000 miles on it. So I would probably not trade it in--probably not worth much. I live in the Grand Rapids, MI area and would like to know what a decent price to pay for the CR-V EX-L. Please give me some advice. Thanks.
I was told by a frequent trader that the dealer wants to make $3700 on the resale of a used car he takes on trade that is 2-3 yrs old. So check dealer retail and subtract $3700 to get trade in value. This is for vehicles originally listing in the 20's. Taking depreciation for 2 years and then another $3700 on top has to cost over $500 a month. That's why leasing is popular. The radio today adv a Rogue for 269 with zero down lease. It takes 7 years with 0% interest to pay for the Rogue 2wd base at that rate. I added dest charge and sales tax. The dealer wants to make $3700 on your trade?
So while the idea of trading up so soon may be a bit unusual, to me it makes a lot more sense than the deal of the guy who will buy the two-year-old CR-V as a CPO vehicle, and save maybe $2-3k over a new one.
I agree with you 100%.
The real saving is a lot less than 2-3K after you deduct the wear and tear of tires, breaks and a bunch of other stuffs.
I'm glad that many people still think trading cars after 2 or 3 years is a bad idea because it make my life a lot easier to trade in my 2-3 years old car.
We had a 70 degree weekend here in DC and not only did I sell my used 93 Miata, but 3 other used ones I was looking to buy were gone before I got the chance.
I ended up buying a new one, all the used bargains were gone.
I just spent the past 6 months actively shopping for used Miatas, so I'll share some thoughts, take it or leave it.
Saw a used one like yours, but a 2005, retailing at a dealership for $15,500, and it still had some warranty left. Yours would be lower even on the high side, just as a reference. Maybe $14k or so?
The roll bar is a style bar, right? Not welded to the frame? The reason I ask is that it won't really add value, nor will the clear bra. Just emphasize the fact that it's in good condition and was well protected and cared for.
The hard top adds value, though, in fact you may want to sell that seperately. I bet you can get a grand for it, if it's clean. I doubt it will add a grand to the car's value, because the buyer may want the car and not the hard top. I'd sell them seperately.
Those seats look nice, try to get a photo that show them better.
Mention more of the extras that the MazdaSpeed edition gets. Yours should stand out from the others.
Well, except for the last 3 new Fords I bought anyway.
If the first one was such a dog, why did you buy 2 more?
I bought the first 2 at the same time, and when I bought the 3rd in 2006 I had hopes they had improved their quality control. The 3rd one only needed a sensor, the fuel pump, and had a single manufacturing issue, so it was an improvement.
If this deal makes sense to you then that is all that matters. I caught hell here last year and was told I was irresponsible when I got a great deal and traded my 2000 Lexus LX on a 2007 LX. I think people were kind of mad because I paid cash. This was for my wife and the 2000 was just too long in the tooth for me to trust her driving it any longer.
Gas was $4.00 a gal at the time and people said it would only go up. Guess they were wrong, huh? Spend your cash the way you want to, you earned it and good luck !!
Don't think folks were really mad...we always pay cash and I've never gotten the same response that you did from the folks in this forum. And it's really no big deal to pay cash or not. We just do it because we tend to keep our cars at least 5 years usually. Think you read to much into the posts. I read them all too and came to the opposite conclusion.
The Sandman :shades:
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
The OP said he planned to keep the 2009 for 10 years, but later said he wanted out of the 2007 so that he would have a car with a full warranty... This whole line of discussion is way off-topic, and I suspect from some of the replies, the intent of the original post may have been to inflame or antagonize the board.
Orlando Florida 2006 Toyota Tundra Limited Stepside 8 cyl 4.7L engine, automatic, RWD 30000 miles Color: maroon exterior, gray interior Options: Bed Liner, AM/FM/CD, 17 Inch alloy wheels, trailer hitch, tube side steps, power driver's seat, daytime running lights Tires - OEM tires replaced with Michelins, plenty of tread left Original brakes, maintenance up to date No accidents
Actually looking at buying this one. Seller wanted $14k, so you were right on the asking price. The roll bar was real and the hardtop is a nice extra. I wasn't really happy with the overall condition though. Probably going to look at an 06 Sport with suspension package or hold out a few years for a PRHT.
Comments
Thanks.
You can't ever hit a CRV wrong. It will always sell.
Salespeole should be training to work fast on this and make it happen.
"I just want a new one that is still under warranty."
And then:
"Honda makes trouble-free products"
Sounds a little fishy. Why worry about the warranty on a trouble-free product? Our Odyssey is out of warranty and this is the first vehicle I've owned that it actually concerns me. We've had warranty work at every oil change. I think if I had a good one...I'd not even consider a new one "just because". I'm sure Honda's product will be top shelf when all the other companies are out of business though...good thinking.
I agree & I should know as well as anyone - I bought my 1st Honda, a Civic, in 1974 & my newest one, an '06 CR-V, in 2005.
But what's the point of buying "trouble-free products" if you're going to trade 'em in after just 2 years? It's like ordering dessert in an expensive restaurant & then not eating it when it shows up.
Smart buyers choose reliable cars because they last longer. They know that they save the most money by picking a good car & then driving it for 8, 10 or more years. But if you're not going to take advantage of a good car's longer lifespan, why bother?
Of course, it's your money, & you're free to waste it as you see fit. Still, I just have to ask: have you done the math? Have you crunched the numbers?
Why?? B`cos,,ultimately they will deal with u only if there is a profit.
A fair deal for both of u-- if this means being in control-- then fine.
Also,u said u like the new car warranty,,For a grand more u can buy a 7yr,100k Honda factory extended warranty.
U keep looking for reliability-- changing your cars and girlfriends every 2 years-- Ultimately u will get a huge bill- U will get a LEMON eventually
So,buyer beware.
The maintenance is free... :surprise:
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If you're only keeping them for two years, that statement pretty much applies to any vehicle out there.
No one here is saying that Hondas aren't good cars. But if you get into the habit of trading in your car every 2 years for a new one, you will eventually go broke - even if you stick with Hondas.
That's why I asked you earlier if you had actually sat down & crunched the numbers to determine if this transaction represents the best possible use of your money.
You can hit ANY car wrong.
A CRV is a qulaity vehicle, so it should be a no-brainer to a wholesaler to buy it and move it fast. The internet should be able to tell them within a matter of minutes what the price is and make the deal.
The internet doesn't buy cars my friend. These days, even sure fire cars have trouble gettings bids sometimes.
If anything, a Honda should make someone hang on to their vehicle as long as possible.
Since he likes to trade every two years, I'm surprised he doesn't look in to leasing.
For those of you that do feel the need to know you've extrapolated the last penny worth of use from you car, then I suggest there is a point of no return where the depreciation will be such that the car has little value and then you need to keep it.
If you truly don't want to be driving a car with 150K miles then trading it at 100-125K may not be the optimal place for you. It's probably always best to keep a car but many like myself do not want to drive a car till death.
I used to look (in the day of high maintenance) at the cost of upcoming maintenance (tires, 60,000 mile inspection, etc) vrs trading. Use the time value of money and do an economic comparison. With a little work I was able to 100% convince myself it was the optimal time to trade
Know up front that you will lose money and that if you sell it yourself you can probably do better. many though like myself do not want to fool with that part of the transaction.
If at first a dealer offers you a trade that doesn't absolutely $$#@ you off, then you probably underevaluated your car. Unless you have a long standing relationship with a dealer they will $%@#$# you off. Start from there and don't take it personal.
Only once have I gotten an offer that was more than what I expected and it absolutely made me speechless.
Altho, as most guys know, the best way to attract an endless supply of new GF's is to own the absolute newest CR-V with the longest warranty.........LOL.....
If you're only keeping them for two years, that statement pretty much applies to any vehicle out there.
Well, except for the last 3 new Fords I bought anyway.
2 fuel pumps, 3 sensors, one tranny, 3 clutches, 2 leaky gaskets, 3 general manufacturing defects, and water inside the vehicle all on new machines purchased between 2001 and 2007, repaired under warranty during the first 2 years of ownership.
I can understand wanting to buy something which doesn't exhibit this type of behavior ever, let alone the first 2 years.
Upgrading a CR-V from two years old to brand new for $5k, tax included, is equivalent to paying $210 a month for the past two years, talking round numbers.
If it were me, I'd probably not do it cuz I'd be glad to have found a good car to begin with. But I don't think that the next two years are going to be any cheaper. Hondas have basically linear depreciation until they are "old cars," as in six or seven years old.
So while the idea of trading up so soon may be a bit unusual, to me it makes a lot more sense than the deal of the guy who will buy the two-year-old CR-V as a CPO vehicle, and save maybe $2-3k over a new one.
-Mathias
Looking for trade/wholesale value.
2004 Mazdaspeed Miata, 24k, hardtop, boss frog chrome roll bar, clear bra.
Titanium gray, black/red cloth interior.
New front rotors/pads, new tires.
No wrecks, no dents. All maintenance up to specs.
Portland, Oregon 97214.
If the first one was such a dog, why did you buy 2 more?
I owned exactly one Ford. While my experience wasn't as bad as yours, I won't buy another.
this is if nothing unexpected goes wrong. :P
I agree with you 100%.
The real saving is a lot less than 2-3K after you deduct the wear and tear of tires, breaks and a bunch of other stuffs.
I'm glad that many people still think trading cars after 2 or 3 years is a bad idea because it make my life a lot easier to trade in my 2-3 years old car.
We had a 70 degree weekend here in DC and not only did I sell my used 93 Miata, but 3 other used ones I was looking to buy were gone before I got the chance.
I ended up buying a new one, all the used bargains were gone.
Saw a used one like yours, but a 2005, retailing at a dealership for $15,500, and it still had some warranty left. Yours would be lower even on the high side, just as a reference. Maybe $14k or so?
The roll bar is a style bar, right? Not welded to the frame? The reason I ask is that it won't really add value, nor will the clear bra. Just emphasize the fact that it's in good condition and was well protected and cared for.
The hard top adds value, though, in fact you may want to sell that seperately. I bet you can get a grand for it, if it's clean. I doubt it will add a grand to the car's value, because the buyer may want the car and not the hard top. I'd sell them seperately.
Those seats look nice, try to get a photo that show them better.
Mention more of the extras that the MazdaSpeed edition gets. Yours should stand out from the others.
Good luck. That's a special car.
If the first one was such a dog, why did you buy 2 more?
I bought the first 2 at the same time, and when I bought the 3rd in 2006 I had hopes they had improved their quality control. The 3rd one only needed a sensor, the fuel pump, and had a single manufacturing issue, so it was an improvement.
Gas was $4.00 a gal at the time and people said it would only go up. Guess they were wrong, huh? Spend your cash the way you want to, you earned it and good luck !!
2013 LX 570 2016 LS 460
The Sandman :shades:
2023 Hyundai Kona Limited AWD (wife) / 2015 Golf TSI (me) / 2019 Chevrolet Cruze Premier RS (daughter #1) / 2020 Hyundai Accent SE (daughter #2) / 2023 Subaru Impreza Base (son)
2006 Toyota Tundra Limited Stepside
8 cyl 4.7L engine, automatic, RWD
30000 miles
Color: maroon exterior, gray interior
Options: Bed Liner, AM/FM/CD, 17 Inch alloy wheels, trailer hitch,
tube side steps, power driver's seat, daytime running lights
Tires - OEM tires replaced with Michelins, plenty of tread left
Original brakes, maintenance up to date
No accidents
Edmunds has the trade in pegged at $14500.
What did you sell your 93 for?
Doh! My bad, it's the Access cab.