Is 2,500$ a good price for a 1996 Honda Accord?
So I'm about to get my drivers license and there's a 1996 Honda Accord for sale in my neighborhood for 2,500$. The car has 170,000 miles and has a lot of dents in it. There's a long black scratch on the side of the door, below the right headlight it's all scratched up, and on the back door where the tire is there's a lot of black, white, and brown scratches on it. There are 3 other dents but they are small. So is 2,500$ a good price for this 18 year old beat up car? I'm going to talk to my parents about it but I want your opinions thanks!
The private party sale book value for that car in that sort of condition is maybe half what they're asking. Even the book price from a dealer is about $400-$500 lower than what they're asking as a private seller. In other words, it's not a very good price given its condition and age.
Dealer retail for that car is 1400 according to Edmunds estimator. Pay no more than 800-1000 for it assuming it runs good and passes a mechanics check
You can also check values at Kelly Blue Book on line
Yeah, that is way over priced. As they started so high when trying to sell it I'm going to guess that they won't be willing to drop to a reasonable $900 range, which based on what you described is the most i would even consider paying for it. 170,000 is a bunch of miles.
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