There's a Honda dealer near me, so about every other week on my way home I cruise through their used lot after hours ... just to see.
The other day: '92 LX sedan 5-sp, lo-miles and nice Well, take a look for yourself: http://www.diamondlot.com/cgi/info.e...ealer=HENNHOND
I ran the VIN through CARFAX --- zero issues and a local car for many years (orig. Calif.)
The ad currently says $7000. Yesterday it was $8000. OK, we know it isn't worth that. Looked at another way, spending $5K for a car that will easily go 100K+ more miles and still sell for $1.5K when washed up isn't a bad deal. Nevermind.
But if it gets in an accident and totaled soon, ain't no insurance co. going to pay more than about book value on it and the owner will be screwed. Surely the dealer knows this?
The other day: '92 LX sedan 5-sp, lo-miles and nice Well, take a look for yourself: http://www.diamondlot.com/cgi/info.e...ealer=HENNHOND
I ran the VIN through CARFAX --- zero issues and a local car for many years (orig. Calif.)
The ad currently says $7000. Yesterday it was $8000. OK, we know it isn't worth that. Looked at another way, spending $5K for a car that will easily go 100K+ more miles and still sell for $1.5K when washed up isn't a bad deal. Nevermind.
But if it gets in an accident and totaled soon, ain't no insurance co. going to pay more than about book value on it and the owner will be screwed. Surely the dealer knows this?
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