03 civic ex 4dr
Originally posted by sCoTtEh
17.5 seems pretty fair but it all depends on the condition.
17.5 seems pretty fair but it all depends on the condition.
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Find out what the private party value for the car is and subtract about 3-4k. That should give you a pretty good idea. I think dealers typically try to make about 3k on a used car is the civic range.
Dealers are discounting new 03 Civics heavily - I got mine for $2,130 below sticker price, plus I got the 1.9% financing. Someone who buys your used 03 Civic cannot get that special financing.
I bet you're looking at around 11k for a 5 spd - more if it's an auto.
The dealer that resells your car is gonna want to make a grand or two on resale, plus it has to be priced low enough for someone to want to buy it over a new one.
For example - I bought my EX sedan 5 spd for $15,500 - with a small down payment and the 1.9% financing, it costs me 258/month.
So say the Acura dealer lists your car at 14,000. A buyer would have to pay the market rate for loans - say 5% if he/she has good credit. With no money down, the payment would be 264 per month (MORE EXPENSIVE THAN NEW).
So you gotta work downward. At a 13,000 sale price, payment would be 245/month. Still not enough of a motivation for me to buy used over new.
I would say that the sweet spot would be around 12,500 - with a payment of 234, about $25 per month cheaper than new. So, if they can only sell it at 12,500, you are gonna get around 11 grand for trade value.
I bet you're looking at around 11k for a 5 spd - more if it's an auto.
The dealer that resells your car is gonna want to make a grand or two on resale, plus it has to be priced low enough for someone to want to buy it over a new one.
For example - I bought my EX sedan 5 spd for $15,500 - with a small down payment and the 1.9% financing, it costs me 258/month.
So say the Acura dealer lists your car at 14,000. A buyer would have to pay the market rate for loans - say 5% if he/she has good credit. With no money down, the payment would be 264 per month (MORE EXPENSIVE THAN NEW).
So you gotta work downward. At a 13,000 sale price, payment would be 245/month. Still not enough of a motivation for me to buy used over new.
I would say that the sweet spot would be around 12,500 - with a payment of 234, about $25 per month cheaper than new. So, if they can only sell it at 12,500, you are gonna get around 11 grand for trade value.
Originally posted by hoho
maybe u can jus sell it privately...then use that money to buy the rsx...i think it'll be better...at least that's what i was told
maybe u can jus sell it privately...then use that money to buy the rsx...i think it'll be better...at least that's what i was told
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