Hey everyone! I'm new to the site and a long time BMW owner, who will soon purchase an S2000. I was at a Honda dealer a couple of days ago and saw a 2005 Silverstone w/ black/red interior and 303miles. I got the salesman down to $28K, but wanted I was asking at $27,500. First of, is $28K a good price? Secondly, did I get too greedy by asking him to go lower?? After all the haggling, he said he can't go lower so I walked away leaving my name and number if they ever change their mind by simply going a little lower than their final price. What are they chances of them calling me? I'm almost 95% sure those guys are desperate with selling cars because I know a guy there and he said business has been very slow!!! Thanks for any input!

 

u could get NEW for 29500 from some of the dealers plus u get lower interest on new car.... so if u finance ur car.... get NEW

 

Is the car used or new? Sometime it can be a new car but with that mileage, if it's new, most likely a test drive car. Where are you located?

 

I dunno, for 300 miles I'd probably be inclined to save the $1500-2000 dollars.

 

The car is Certified Used and it's in Edison, NJ. I test drove a week ago and was impressed overall. But yeah, I don't mind saving a couple thousands if it's worth it. And yes, I would finance the car. So I would have a lower interest rate on a newer car vs a Certified used one? As far as insurance, since it's a 2005 with that little miles, it would still be the same cost as if it was a brand new one.

 

I'd be worried about why the guy was trading in after 300 miles. Plus, always that unknown on a used car even with such low mileage. I'd spring the extra $$ and buy new.
Chris

 

Yes, very fishy with 303 miles (steelers are calling it used). But if you look at it other way migh be a great catch and save you couple G's.

 

i dunno what to do! it does sound fishy, but who knows?? it is covered with the warranty so if anything goes wrong with it, they'll take care of it. decisions, decisions!?! im gonna go to another dealer that is supposedly offering employee discounts on any new honda! i wanna see what the catch is??

 

The warranty start date is when the car title is transferred to someone other than the dealership.

As to your original question. You are talking about $500 purchase price on a $28K purchase. Depending on all the financial details we don't have, that's probably around $600 over the course of the loan - or roughly $10 a month, or 33 cents a day.

As of now you've probably already lost this weekends great driving days already, and as anyone on the board can tell you, those are worth far more than 33 cents, or even $10.

It comes down to this - If YOU think its worth it, it is, period. If the $500 difference concerns you, then what will you do when its a set of $800 tires or your insurance jumps by some percentage. Only YOU can decide.

 

Another question: If its certified used, doesn't that come with the 7Yr/100K warranty? If so, I believe that overrides the initial manufacturer warranty, so you would have the balance of the used warranty in effect and not the original.