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Is this too high of a price?

 
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Old 03-10-2017, 02:01 PM
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Is this too high of a price?

I'm considering purchasing a 2001 Prelude (non-SH) that's in Pristine condition. It has 76k miles and is a one owner car. Apparently, the guy babied it and drove it 5 mi from home to work daily.

The inside and out look great! The paint job is original, but has some bubbling on the wheel edges with some rust signs (not rusted out though).

The best price I can get is $7,400 which I think seems high. It's a manual as well.

Any thoughts? I've been searching for a nice Prelude for years and this one might be the right one, but didn't want to over pay if possible.

Thanks in advance!
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Old 03-10-2017, 02:11 PM
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Re: Is this too high of a price?

The price is too high IMO. You are still talking about a 16 year old car here. People sometimes ask unrealistic prices because they are somewhat unique and can be harder to find in good shape. I don't live in an area with much rust so I don't know too much about it, but the bubbling would personally scare the **** out of me... On that alone I'd probably offer a great deal less then what he is asking.

In my neighborhood KBB and Nada both price a perfect condition prelude with similar mileage right around $4600-5k and a fair to good condition (which is more likely what you have here) goes between 3600 to 4k)

Take from that what you will. Personally I overpaid for my prelude but I feel I have got so much more out of it then what I paid so I am satisfied. (or I just keep telling myself that). In all likelyhood you could find a prelude thats in as good of shape but with more mileage and pay so much less.
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Old 03-10-2017, 02:30 PM
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Re: Is this too high of a price?

Thanks for the reply. The reason why it's so high is because they are getting a ton of tire kickers, but no sale yet. I can wait, but I'm afraid I'll have to wait a long time to find my car. They won't budge either, not a penny.

Unsure what to do.
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Old 03-10-2017, 02:50 PM
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Re: Is this too high of a price?

Theres no one buying because its an unreasonable price lol. I'd move on, there are plenty of other fish.
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Old 03-10-2017, 03:06 PM
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Re: Is this too high of a price?

What would be a good price then?
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Old 03-10-2017, 03:21 PM
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Re: Is this too high of a price?

4k ..
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Old 03-10-2017, 03:39 PM
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Re: Is this too high of a price?

Even for a perfect condition car for it's age?
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Old 03-10-2017, 04:06 PM
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Re: Is this too high of a price?

its not like an M3 where it maintains a value. even if it had 30k miles on it and garage kept its whole like I wouldn't give more than 4k
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Old 03-10-2017, 04:14 PM
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Re: Is this too high of a price?

Thanks for the advice.
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Old 03-10-2017, 09:41 PM
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Re: Is this too high of a price?

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Originally Posted by M0B5TA View Post
its not like an M3 where it maintains a value. even if it had 30k miles on it and garage kept its whole like I wouldn't give more than 4k
You're a stronger man than me :D

Err maybe I mean more sensible :o
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Old 03-11-2017, 02:36 AM
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Re: Is this too high of a price?

I just bought a 2001 base 5spd, 190k, 2 owners, full Honda service records, timing belt/tensioner replaced 3 times, Nevada car, no rust, no dents, bone stock, adult owned.

$2550
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Old 03-11-2017, 02:38 AM
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Re: Is this too high of a price?

Quote:
Originally Posted by kingjavo View Post
"Pristine condition" "it has some bubbling on the wheel edges with some rust signs (not rusted out though)"
Doesn't sound pristine.
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Old 03-11-2017, 02:43 AM
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Re: Is this too high of a price?

5k car all day. 1 owner car does mean something.. if you have 7400 to spend you might as well get something newer RSX-S / S2000 IMO but thats just me
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Old 03-13-2017, 11:34 AM
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Re: Is this too high of a price?

youre on crack with your 5k
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Old 03-13-2017, 09:53 PM
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Re: Is this too high of a price?

$5,000?!? Are you the seller?
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Old 03-13-2017, 11:18 PM
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Re: Is this too high of a price?

like omg cry me a river


KBB says 4600 in my area... guess i wasn't far off ;)
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welcome. I got some bad news, nobody wins at the prelude game lol
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Old 03-17-2017, 09:51 AM
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Re: Is this too high of a price?

in my dream last night I almost bought a built turbo 5th gen for $1500. I was offered $700 lmao
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