How Much Should I Pay: 2004 Honda Civic
Question From Peter: 2004 honda civic lx 4dr and its a 5spd. it has 60k miles and its going for $7,500. is that a good deal?
Queen of the Road: Hi Peter. Welcome to AutoBragBlog! Who’s the seller? If it’s a dealership, then $7.8k is fair, but I’d still bargain. If it’s a private seller, then the price is too high.
For a 2004 Honda Civic Sedan LX 5Sp with 60,000 miles, wholesale prices range from $6,800 (being in above average condition) to $6,400 (being in average condition) and $5,900 (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 $6,900 to $7,800. 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!
September 3rd, 2009 at 5:22 pm
Yes, it is a private used car dealership. Not associated with any car maker, they sell multiple makes and models.
Thanks for your help