NO this is not me trying to sell my car on here(note to mods).

I have had my 2004 Honda Accord Ex-L for around 2 years. It has the 3.0 V6 motor in it.

It has 88,000 miles on it. Carmax offered me 6000 bucks for it. I thought that was low as the KBB value is like 9700 in fair condition. It at least qualifies at that haha

Well I have had my car listed for at least a week as 7000 bucks in the local craigslist and nobody wants the car. I am getting very few calls and nobody has came to look at it.

I paid 8600 bucks for it about two years ago. Should I cut my losses and take a 1300 dollar per year loss on my car or hold out for a sale? The carmax offer is good until this coming Thursday.

Do you think a 1300 dollar per year loss is acceptable for a used car? I just cant figure out why at 7000 dollars I am getting no calls when KBB says its worth 10 and carmax has theirs listed for 13-15k. My car is just like theirs.

It has some scratches on the paint, a clean and clear title and clean carfax report. The stock radio died but thats typical of these worthless radios Honda installed. I put in an aftermarket one in the cubby hole below the radio with an adapter thing.

I just feel pretty bad seeing how my car has seemed to have lost so much value in two years. I mean I thought Hondas held their value better than this.

 

New Cars loose almost $5000 driving them off the lot New

 

Yeah, but I bought used. Is 1300 a year bad?

 

$1300/yr is not bad. It's expensive to own a car. KBB values are always over the top IMO.

Check ebay sales (completed listings) for a better idea of market value. I took a quick peak and think you'll have to come down a bit to move. Ebay is a better avenue to move the car. Try a no-reserve sale starting a $6k. Anything over $6K is better than you're getting from carmax. But you have to share any sale w/ ebay so may need to bump that reserve price.

You bought retail and are selling wholesale.

W/ cost of gas, V6's may not move as well.

good luck

 

Well thank you for the advice

I sold it today for 6800 bucks. Thats actually 900 bucks a year. I lost 1800 bucks on the car not counting the 100 dollar radio. So $950 per year plus the car payment. Car payment was $146.10 a month.

I will miss it, they come get it tomorrow or the next day. Got a 500 dollar down payment. Since its the weekend and the banks are closed, his bank wouldnt let him draw out more than 2500 bucks through the ATM.

Now I am off to buy a Honda Civic SI.

 

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