Buying a used car
Buying a used car
Alright well my buddy wants a used RSX Type S and he found one today in desert metallic, a 2002 with 50k for $14,999. He was somewhat excited because of the resale value and how high it can be however he then told me the book value private party was $15,085... I then said, ok nope that is in no way a "deal" and that I wouldn't buy the car unless they dropped to say, umm $14,100 or $14,200. He then ranted about "look at dealers blah blah blah and what theyre pricing them for" and going on about how high they go for. I told him a friend of mine bought an 02 Type S in silver with the same mileage for $15,000... this time LAST YEAR. Meaning the car was available THEN for this price and a year later being the same price not to mention under $100 bucks under private party value.
I understand resale is high on these cars, however I also do understand that even high dollars, high resale cars like BMWs Mercedes, Audi, VW, etc etc do not sell private sale for the full private sale value, I told him it was a guideline that is meant to flex... also that dealership pricing means **** because it is just them overpricing cars used to cover overhead and make lots of money on them... He begs to differ and insists paying private party value in this case being an RSX Type is a decent idea. He admits it is not an outstanding deal however I told him to not bother if they won't budge and that it would be wise to NEVER pay almost full PVT Party value, because it is retarted.
I understand resale is high on these cars, however I also do understand that even high dollars, high resale cars like BMWs Mercedes, Audi, VW, etc etc do not sell private sale for the full private sale value, I told him it was a guideline that is meant to flex... also that dealership pricing means **** because it is just them overpricing cars used to cover overhead and make lots of money on them... He begs to differ and insists paying private party value in this case being an RSX Type is a decent idea. He admits it is not an outstanding deal however I told him to not bother if they won't budge and that it would be wise to NEVER pay almost full PVT Party value, because it is retarted.




+1 post count maybe?