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oil consumption effect on value of car

Old Feb 8, 2015 | 05:31 PM
  #1  
rickster's Avatar
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Default oil consumption effect on value of car

Hi folks, I have a 2003 accord LX 4 door with the 4 cyl auto.(upgraded to EX wheels.)
clean title, only 70,000 original miles.

I'm going to be honest with the fact that it does consume 1 quart per 1000 miles when I advertise the car for sale.

So if it would normally be worth say $7000, what should I discount it to considering the oil usage?

Not my style to stick it to someone and not mention It.

Thanks!
 
Old Feb 8, 2015 | 05:41 PM
  #2  
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Originally Posted by rickster
Hi folks, I have a 2003 accord LX 4 door with the 4 cyl auto.(upgraded to EX wheels.)
clean title, only 70,000 original miles.

I'm going to be honest with the fact that it does consume 1 quart per 1000 miles when I advertise the car for sale.

So if it would normally be worth say $7000, what should I discount it to considering the oil usage?

Not my style to stick it to someone and not mention It.

Thanks!
I would stay with whatever asking price you ultimately decide upon (definitely well below $7,000, KBB values are optimistically high), disclose the oil issue to prospective buyers and negotiate from there.
 
Old Feb 8, 2015 | 05:53 PM
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Thanks! Didnt know that kbb was that high.
Hopefully I can get 5k and be done...

need some opinions on what this car is really worth

Thanks!
 

Last edited by rickster; Feb 8, 2015 at 06:30 PM.
Old Feb 8, 2015 | 06:32 PM
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From: Southern New Hampshire
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Originally Posted by rickster
Thanks! Didnt know that kbb was that high.
Hopefully I can get 5k and be done...

need some opinions on what this car is really worth

Thanks!
I think $5,000 is pretty close to the mark.
 
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