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A dealer is selling a 2005 Civic very near the KBB trade-in value - $6,995. The KBB trade-in value for good condition is $6,950.
Even NADA clean trade-in is $6,975.
The car has recently been traded in so it is not sitting on the lot for too long.
The carfax is clean with low miles and one owner with regular maintenance done.
The dealer has two cars of the same year listed at the same value.
Is this something should I be alarmed for?
And the dealer is offering 3 day money back guarantee and 60 day limited warranty on the car too.
Last edited by Nirvana2Hell; 09-08-2011 at 09:17 PM..
KBB doesn't make the market, they only report the data that they receive.
What cars sell for is what a willing seller and buyer agree for a price. For whatever reasons, the dealer has set his asking price ... and you can agree to it or not, or it can simply be the starting point for negotiations. Perhaps the dealer is looking for a quick no-haggle sale ...
As always, an independent pre-buy inspection is a valuable tool for you to make an informed purchase decision. If you are interested enough in the car, then get it checked out by somebody who is familiar with these vehicles and go from there ....
I wouldn't necessarily be alarmed, but I would definitely have a mechanic check it out. While KBB may not set the market, they are the standard for most people, and being able to snag a car for way less than KBB is rare unless there is a big problem with it.
Just because the carfax is clean, doesn't mean it hasn't been in an accident. Dealers can tell if paintwork has been done. May be one reason why it's cheap.
If there is a good independent shop locally, especially one that does a lot of Japanese cars or specializes in Honda, that would be a good place to start. I would not put much faith in "money back" or warrenty from the dealer. Best of all is if you learn about the car yourself, but that will take time, if this is a good deal it will be long gone before you know enough to be able to evaluate it yourself.
If its an auto I would stay away.... Known a few people screwed on those year civics. People think they are reliable but has tranny/torque converter issues.
Sent from my autocorrect butchering device.
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