1998 with 70,000 miles

[jlab]

I am new to the BB. My husband and I have been researching CNG for a while. We have the opportunity to purchase a 1998 Honda Civic GX with 70,000 miles. It is clean and runs well. Asking price is $13,500 which seems high. What should we be paying for a car that age with those miles? Is the seller asking a premium price because of demand?

[jblue]

Re: 1998 with 70,000 miles

What should we be paying for a car that age with those miles?

Who knows what "fair market value" for CNG cars really are, greed and hysteria controls the market now.

Is the seller asking a premium price because of demand?

Without a doubt.

[Lakewood90712]

Re: 1998 with 70,000 miles

That is consistent with current prices . A year ago , the seller would be lucky to get 1/2 of the current price.

I sold my 2001 gx with 114,000 miles in april for $7300 (had to turn off my phone for a week due to calls for the car after it sold AND the ad was pulled !)

Keep in mind , common failure items on the pre 2006 gx cars. fuel injectors $580 each list price, $350 each at a discount supplier. fuel pressure regulator $2000 list, $ 1200 at discount. . Ocasionally the internal valve in the tank can fail . Cost - $1200 if it can be fixed , $6500 for a new tank if it can't be fixed.

This being said, many have gone 150,000 - 175,000 Miles with only nornal maintenance.

Don't be surprised if cng fuel prices in your state double or more in a year or two. The rumor mill is running on high speed , indicating Questar may sell the stations and the new operator may not be state regulated.

If you drive a lot of miles, order a new one and wait.

Just my $.02 worth.

[Adrian]

Re: 1998 with 70,000 miles

If you drive a lot of miles, order a new one and wait.

Just my $.02 worth.

I agree with Lakewood90712.

A new 09 Civic GX at MSRP will run you about $25,225 (and yes you should be able to find one at MSRP with a bit of research). Subtract $4,000 for the fed tax credit and another $3,000? for the Utah credit and your actual price is $18,225 + tax and license. Yes, it's $5k-6k more than the $13k 10 year old car you are considering, but a much better deal and a much better car. Believe, I've owned the older ones, sold them bough the new ones and my wife and I are VERY happy withour 2 2008 Civic GX's. Not to mention they have a warranty if something breaks!

[freedml]

Re: 1998 with 70,000 miles

Yes the price is high. Yes it's because of extremely high demand for these cars. Why should this person sell it for less than someone is willing to pay?

If you don't buy it at that price someone else probably will.

Can you buy gas conveniently (e.g. is there pressure at those pumps other than at 5am)?

If you make an offer that's lower you probably won't get the car, but maybe you will. Tough decision for sure. But it isn't permanent. You can buy this one AND put a deposit on a 2009. Drive this one until the other one comes along. It probably won't go down in value.

[jblue]

Re: 1998 with 70,000 miles

Why should this person sell it for less than someone is willing to pay?

My point exactly!

greed: Let's see just how much we can get for this ...

hysteria: OMG! Gas is $4.00 a gallon! I *need* a CNG car now!



"A fool and his money are soon parted." -- Thomas Tusser

[freedml]

Re: 1998 with 70,000 miles

If I sell one of my NG cars for as much as I can get for it, am I greedy? I don't think so. Frankly, I sell everything for as much as I can get for it. If I sold you my NG car for $1 or $1000 or even $10000 I'd feel pretty stupid.

You won't be surprised to find out that I try not to pay more than I have to for things. I will, in fact, go across the street to save $.02/gallon on gasoline (on the rare occasions that I drive that gas guzzler in the driveway). Does that make be a miser? I don't think so, either.

[ch4]

Re: 1998 with 70,000 miles

If I sell one of my NG cars for as much as I can get for it, am I greedy? I don't think so. Frankly, I sell everything for as much as I can get for it. If I sold you my NG car for $1 or $1000 or even $10000 I'd feel pretty stupid.

You won't be surprised to find out that I try not to pay more than I have to for things. I will, in fact, go across the street to save $.02/gallon on gasoline (on the rare occasions that I drive that gas guzzler in the driveway). Does that make be a miser? I don't think so, either.

I'm all for the free-market. Consumerism drives the economy (did everone get their $600.00 to boost are "economy is doing ok" economy?)

But only for educated consumers. You may say they should educate themselves, maybe... but as a former salesperson ripping-off people was not a lot of fun. Maybe you have different feelings...

However, you should absolutely get the most you can for your items.
Just don't rip people off...

[freedml]

Re: 1998 with 70,000 miles

I'll give you a call before I sell anything to make sure I'm not ripping people off.

[TheBundo]

Re: 1998 with 70,000 miles

The only way you could rip someone off is to not tell them something they have a right to know, such as about an accident the car had, that you are using sawdust to keep the tranny going, etc. Other than that kind of stuff, it's free market. Is a 1960's Mustang in new shape worth the cost of 2 new ones? Apparently so......

[MrClean]

Re: 1998 with 70,000 miles

With all that is she getting ripped off? Seems she will be educated now.

Id say buy for $11,000 offer 10,500.