How Much Should I Pay: 2006 Honda Accord
Question From William: I’m looking at a 2006 Honda Accord Sedan EX-L V6 with a Manual transmission. It has got about 72k miles. The dealer has had it at least 2 mos and the current asking is $14k. Any guidance is appreciated.
Queen of the Road: Hi William. Welcome to AutoBragBlog! $14k sounds about right, but you can start negotiating at $11k and compromise on a lower price.
For a 2006 Honda Accord V6 Sedan EX 6Spd with 72,000 miles, wholesale prices range from $12,800 (being in above average condition) to $11,000 (being in average condition) and $9,200 (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 $10,500 to $14,400. 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!
