How Much Should I Pay: 2004 Honda Accord
Question From Dianne: I was looking at a 2004 Honda Accord EX-L, 4 dr., 4 cyl.,leather seats, sunroof, 6 disc CD with mileage of 74,380. We made an offer of $9,500. Was this fair?
Queen of the Road: Hi Dianne. Welcome to AutoBragBlog! The offer you made was fair. Who are you buying from? Dealership or private seller? It makes a difference in price.
For a 2004 Honda Accord 4C Sedan Auto with 74,400 miles, wholesale prices range from $10,100 (being in above average condition) to $8,700 (being in average condition) and $7,300 (being in below average condition).
A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $8,300 to $11,300. A private seller will usually aim to sell it for 5%-10%.
Check the carfax and do plenty of research on the history of the vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Here’s a good article to read before continuing: Car Buying Tips From An Insider. Let me know if you have any further car questions.
Good luck and keep us posted on how the purchase goes!
June 29th, 2009 at 3:19 pm
I will be purchasing a 2004 Honda Accord EX V6, leather, etc. with 100k miles, new tires and timing belt from a relative for $10,000 if that compares. Can someone tell me if that is good also?