I have considered purchasing a 2004 Acura TSX (no Navi) with 54000 miles. Total cost for the car is $18887. Does this seem reasonable? I checked websites and it seems reasonable, but people I have spoken with says the price is about $2k too high.
Posted Dec 29th by Melissa the owner of a Acura TSX
Answers from the Automotive Experts
You need to verify the condition of the vehicle with your personal mechanic, then go on line and compare the condition, mileage, equipment, etc. to determine if YOU are satisfied with the pricing. REmember you also have taxes and title to consider. You might also check with your lender to find out the Loan Value of the vehicle before making a committment to the seller.
Prices are public domain and you should be able to ascertain the value with a minimal of research. You might also call your local dealer, describe the vehicle and ask them to give you a value (some will do this, some will not but it is worth a try.)
If your local market is flooded with these type of vehicles it might be high, if this is a rare model it may be a good price. It all depends on your local market.
〉 Answered on Dec 30th, 2007 by Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company (Retired)
Best place to get used car values is www.nadaguides.com, it is the most accurate.