Skip to comments.Need advice on buying a used car (2012 Hyundai Accent)
Posted on 04/16/2014 7:04:10 PM PDT by Kolath
I'm looking to buy a new vehicle after my old one (2005 Hyundai Accent) hit the 110000 mile mark. I've nicked-named it the "old gray mare"
I'll be going to the same Hyundai dealer who sold me the previous Accent. I'm looking at a 2012 Accent which was a lease and it only has 6176 miles on it.
Auto Check is "clean" and it's Hyundai "Certified Pre-Owned" (and under it's original warranty).
Any advice you can offer to make this a smooth transaction, save some money, and avoid pitfalls?
FYI: I'm already pre-approved by my local credit union (helps to have a 800+ credit score).
(Excerpt) Read more at edwardshyundai.com ...
PS: Asking price is $12,828 (automatic transmission with the usual standard equipment)
110K - still practically new.
For Japanese cars.
My Japanese car is nearing 100K...middle age. I take care of it and hope to see it hit 200K.
I drive a 30 year old Mercedes diesel that I bought ten years ago for $100. What does that tell you?
If you want it, that is reason enough to buy.
I think your old one is still good for a lot more miles and years. Of course you know it better than anyone.
It never hurts to have a backup.
My FIL was close friends with a dealer who sold cars for at least 50 years and also owned and sold another 100 plus cars himself. He said that there is at least $2000 dealing margin in the price and another $2000 in the trade in value. This was 10 years ago. This worked for people he knew, cutting the amount they paid by $4000.
You have a good financial sense, by priority?
Shop your trade in, numerous places will buy it wholesale outright without a trade. Could come out better than what the dealer with the vehicle you want to buy is offering.
You’d come out best selling your old car yourself and getting better than wholesale, but you’d likely miss out on the car you want, if you have to trade to pull off buying it.
Certified pre-owned is often a better warranty than new. I assume it’s still the 100K mile bumper to bumper? Decent warranty.
Only concern with the car itself would be that it has been parked for a lengthy period for some reason, blown engine or something. Unusually low miles can mean trouble. Carfax history should show any major mechanical work as well as accidents, routine maintenance performed by a dealer, etc.
I bought an ‘05 Elantra GT (leather/roof/sound), with 85k on the speedo, for $2,200 on CL. But it had a salvage title. I’ve put 50k miles on it, and have zero problems except tires/delamination. If you are paying cash, offer $10k, but since you mentioned your credit score as a brag, go ahead and overpay.
Uh, black smoke out the tailpipe, especially when the pedal is just recently pressed to the metal?
I drove my old Honda to 210,000 and still sold it for $800. But that was a ‘90. I don’t think they make them like that anymore.
That, too. She was asking $2,000, so I was waiting for a commission check (was a mortgage broker at the time) when she suddenly called and said to bring over $100 and pick up my car. Her heirs were fighting over the Mercedes, even though they were in line to inherit millions.
Ram 1500 pickup
Volkswagen Jetta TDI
Not as much as you’d think. Plus, that’s the guy behind me’s problem. LOL
Well, I’ve got two #9’s, both about halfway there.
Daughter-in-law’s Subaru wagon had rust holes clear through the body. It was just traded in (they gave her $1,000) at just under 300,000 miles.
Hyundai has improved from one of the poorer quality cars to one of the best. That is quite a change. I am not sure when they began to be really good tho.
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