Man, I want to go ahead and order my new F-150 but I can't until my 03 Accord sells!! I have had it in the paper for a week now and not one call. I'm asking $23,500 for it OBO.

I have a commitment from my dealer that they will sell me the truck Invoice minus rebate minus half the holdback.

I just need to sell my Accord!! The trade in is only $18,000. My payoff is $26,900, so you see why I have to sell it myself

Apex F-150

 

Whats your interest rate on the Accord?

 

what if you were to drive your accord into the city, roll down the windows, leave the keys in the ignition and go for a walk...I'm sure it would be there when you got back...damn shame if it wasn't though, whats the world coming to?

 

List it on E-Bay, You'll get a huge audience.
I'm in the process of selling my 1996 Impala SS.

 

I am a member at the NC State Employees Credit Union so my rate is 5%. My payoff is so high because I rolled some negative equity into it.

It's the snowball effect!

 

I was thinking about doing that, but what do you plan on doing if someone buys it in another state? Does the buyer also pay for a transport?

Thanks.

Apex F-150

 

that happened to my brothers mustang, Stolen in D.C., he owed $18,000, insurance gave him $14,000, he had to come up with 4000.00 to pay off the loan on the now missing collateral. your stuck with the accord until 2007

 

Are you comparable to or competetive with other similarly equipped Accords in your area? Where are you getting your price from? Is it based on research of private sale values for your car or based on just not wanting to get too much less than your payoff? Unfortunately the hard fact sometimes is being upside down doesn't automatically entitle you to a trade in or private sale value that will make that negative equity disappear. Look in the adds, see what 04 brand new Accords equipped like yours as well as 1 year old used ones are going for out the door. REmember, you have a small audience now where the choice people have is either having to come up with 23K in cash to buy your vehicle in a private sale, or going to a dealer to pay maybe only a little more and getting the convenience of fairly low rate financing.

With all these rebates and dealer financing available out here, you have not only other private sellers and dealerships to compete with. YOu also gotta think about brand new car dealers where people may not end up paying much more out the door to drive away in brand new wheels than they would to buy your 1 year old used car. REmember, people think in terms of monthly payments. So find the difference between what you're asking and what brand new Accords in your area sell for and divide it by 48 or 60, the length of most car loans. See how tiny the difference suddenly seems to pay for the priviledge of the new car smell?

For example, on Edmunds a 2004 EX V6 with 5 speed auto sells at a true market value, or average regional selling price, of 24,500. Invoice is mid 23s, sticker is mid 26,s. Most people are probably paying 25 grand for this car as a brand new 2004 and you want 23,9 for your 1 year old used model. An 1100 dollar difference over a 60 month finance period is about 18 bucks per month, for the priveledge of 0 miles on the car and knowing its history from day one. Need I say more?

 

Thanks for the reply. I ran Edmunds, NADA, and KBB and they all say Private Retail is actually about $24K. So $23,500 is not a bad price. Additionally my car is fairly rare. I have a 03 Accord V6 6 Speed manual with voice activated Navigation (it is also a touch screen). It has a 6 disc in dash CD, Tan Leather, dual heated seats, Moon Roof, Traction Control, XM Sat Radio, power seats, side curtain airbags, factory carbon fiber....etc.... They don't make too many V6 6speeds with the NAV. My dealer here in Raleigh only got 12 6 speeds in all of 2003.

It is entirely stock minus the Delphi XM that is professionally installed and is hidden and out of the way.

I should be able to get at least $21,500 for it but wanted to test it first at $23,500.

Thanks for the heads up though.

Eric

 

You have a powertrain combination with the 6 speed amnual which a small portion of the driving public desperately wants, and which the majority of the driving public has absolutely no interest in. YOur car is rare for a reason. Because so few people wanted it that Honda felt it wasn't sufficiently profitable to build large numbers in that configuration. That can work both for and against you, depending on things like what region of the country you live in. So you have to hope that you will encounter someone in that small minority who wants it at 23,5. I sincerely wish you good luck either way.

 

Sorry Dude, I'm gonna be your Uncle Blitz here:

1) You rolled a prior bad purchase into this vehicle. Granted, at a decent interest rate.
2) You want to roll both into a third vehicle.

Ain't gonna happen.

I would analyze your buying habits if I were you. Buying a vehicle and then trading it in the next model year is not smart $$$ wise.

Doing it twice is dumb.

Why I asked about the rate is that if you are ready to commit to a vehicle for about 4 years, you might be able to get in at a good rate on a new vehicle and then amortize the loss over the loan period. But, and its a big but, don't go there if you are going to want a new vehicle again a year from now.

 

well said

 

I'm actually in a similar situation.. I was just looking into possibly trading in my f150 to get something more economical to drive, and something sporty that I can go back into SCCA solo in.. or just something kinda fun... but the trade in offers I've had on my Truck have been just flat out insulting... 35000 sticker and a year later I've had offers from 18K to 25K all because of the rebates ford is offering on the new ones... So it looks like I might be stuck in my gas hog a little longer... I like the f150 but I'm starting to regret this purchase a year later... live and learn I suppose...

 

Here in Detroit Crime City we have people that can take care of problems like this. Man I love this town.

 

This my friends is why you should buy Gap insurance.