
Question From Reminice: got one for ya:
1997 Honda Accord LX Coupe
Green with tan interior
Zip Code: 11355
Car’s current location: Jersey City 10038??
Quote from Private Seller:
- AC blows both Hot and Cold air in just a few seconds.
- Custom performance K&B Air filter.
- Great brakes, Great engine. Runs with absolutely no problem.
- Cruise control, Automatic sun roof.
- All services and Oil changes done on time and in well known dependable service garages. Has barely been driven all of last year.
- The car has has no underbody rust as it has spent all its life in Raleigh NC(no snow)
- Don’t use my car anymore and hence an selling it.
- Price is negotiable.
- Clean history and title.
Must go ASAP, I am selling it well below KBB for $3000.
Is this worth it? The car looks clean but I am a bit bothered by the mileage. This person also works in my company so I found it through the posting boards.
This is a manual car. Ah yes! It seems that I have forgot to put down the mileage when I thought I did. Sorry. Anyway, it has 155,000 miles.
Queen of the Road: Reminice, I don’t think it’s a good idea. $3,000 may be overpaying by a few hundred when comparing to the wholesale value, but there’s more to that. Check it out…
For a 1997 Honda Accord 4C LX 5SP prices range from $2,500 (being in above average condition) to $2,000 (being in average condition) and $1,500 (being in below average condition). A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $2.1k to $3.2k. Have you seen any images of the vehicle? How does it look?
Did you run a Carfax yet? I have a “decade rule“. Since car is older than a decade, I highly recommend you keep looking around for something within a decade and lower mileage. Don’t get me wrong. Honda’s are very dependable cars. I put 230,000 miles on my 2002 Accord and it still ran smoothly with minimal problems, but you still should try to eliminate any problems down the road when purchasing a older car.
I have confidence that you could find something newer with lower mileage for $3k. I paid $3k for my 2002 Accord, but that was after researching for a month and an 20 minutes of negotiating. Have you looked through Craigslist yet? You live in a highly populated area, I’m sure you could find a great deal. When you find a promising car, run it through me and I’ll tell you what you should pay. Goodluck with your search and if you need help, I’d be more than happy to assist you.
If you do decide to purchase this Accord, talk the price down based on the condition of the car. $3k is too high. You could save some cash.