How Much Should I Pay: 2008 Honda Accord EX
Question From Kelly: Thanks for trying. I really appreciate your help.Because the car is an 08, I thot I could price it as a “new” car, as usual. But, I was told in the new car thread on FW, that’s not the case. And, I was also told there is usually a 3-5k markup on used cars. So, with an estimate of 3k(maybe more) or so on 1st yr depreciation, seems to me the asking px by dealer is high by 2k OTD or so. Does that seem logical? Also, did I post the response correctly on autobragblog? There was an ask and reply course I could have gone thru, and I chose the reply. Was that correct?
Queen of the Road: It’s true. There’s usually a 12%-14% mark up on used cars. The gross profit margins on new vehicles are around 7%-9%.
You did reply correctly, I received it right away. Below is a new Accord price so you get an idea of the difference between brand new and the “used” price they’re giving you.
For a NEW 2008 Honda Accord EX 4dr Sedan (2.4L 4cyl 5A),
The Lowest Internet Price: $22,756.00
MSRP: $24,794.00
ePrice: $22,756.00
Savings: $2,038.00
% OFF MSRP: 8.22%
Let us know what you end up doing!
