1998 Honda Accord EX

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1998 Honda Accord EX - 5/10/2008 8:51:58 PM    Dhanu   Posts: 2 Joined: 5/10/2008 Status: offline Hi All, Few days back I was looking at a 1997 Honda Accord LX (51K miles) which had a KBB value of $5300, but it was for sale (private party) at $5900. I didn't want to pay $550 more than the KBB value, so I let it pass but that car got sold the very next day. Today I saw another 1998 Honda Accord EX (92K miles) for sale at $6500. But when I checked the KBB values it's only $5300. It has some small cosmetic damages for which the dealer has asked $400 to repair. NADA      - $6925 (Clean Retail) KBB        - $5355 (Private Party - Good) Edmunds - $4918 (Private Party) So whats the deal with this? So people always price Honda cars way above their KBB value? Is anyone willing to pay $500 - $1500 more than the KBB when buying a Honda? As I understand NADA value is the top most value that you start to deal with and mainly used by car dealers, not private sellers. Thanks in advance P.S. : I don't know if this is the correct section for this post. Plz feel free to move it if its in the wrong section. Post #: 1

RE: 1998 Honda Accord EX - 5/12/2008 1:28:15 PM    00AccordLX5spd Posts: 3818 Joined: 1/16/2007 Status: online If the 98 is an auto trans car, you may want to get the VIN# and get it to a dealer and find out if the transmission was recalled.  You are out of the warranty period and many of the 98-02 model automatic transmissions were junk. I bought my 2000 LX 5spd with 104k on it in December of 2006 for $5500.  The dealer had it advertized for $7k.  Keep in mind there is always room for negotiation at a car dealership. Anywhere from 5k to 6k seems like a pretty fair deal to me, but i would never buy an automatic Accord made between 1998 and 2002 - there is far to great a risk of transmission failure. _____________________________ 2000 Accord LX Sedan F23A1 5spd -Short Shift Adapter -eBay SRI w/ K&N 1995 Accord V6 Sedan AT - AKA "the money pit" 1991 Mustang LX 5.0 Convertible - my daily driver all through college - now sits in my dad''s garage - needs a little TLC (in reply to Dhanu) Post #: 2

RE: 1998 Honda Accord EX - 5/12/2008 1:33:59 PM    Dhanu   Posts: 2 Joined: 5/10/2008 Status: offline Thanks for the info. I didn't even think about checking for recalls. Its not from a dealer, its a private party sale and he's not willing to go below $6500. I'll probably walk away from the deal since I don't want to take a $1200 loss on this to begine with. (in reply to 00AccordLX5spd) Post #: 3

RE: 1998 Honda Accord EX - 5/12/2008 1:38:51 PM    WheelBrokerAng Posts: 7085 Joined: 8/30/2004 From: Canton/Massillon, Ohio 44646 Status: offline Private party dealer, smeeler, makes no difference..both of them could be passing a bad car off on you. Have that car checked out by someone who knows what there doing before you put down your hard earned money. WheelBrokerAng  _____________________________ " Prejudice Saves Time ; It Enables Us To Form Opinions Without Facts " (in reply to Dhanu) Post #: 4

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