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Prices Paid: Buying & Leasing Experiences Honda Odyssey Prices Paid and Buying Experience
20762 messages, Last post on Oct 11, 2008 at 7:28 PM
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Replying to: anu_shri (Jun 13, 2005 1:59 pm)
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Hi, I am thinking about either buying a new 2005 Honda Odyseey EX or a 2002 certified pre-owned. From all what I heard, buying certified pre-owned can save money because it avoid the initial depreciation. But when I compare the price I start questioning that belief. (1) I dealership quoted me $26K for a new car. (Including destination fee.) (2) In my area there are 10 certified pre-owned. All are about the same: average 3-year old, mileage 35K; priced at $21K. (I assume I can negotiate the price down a little but don't know how much.) As you can see, buying a certified pre-owned saves only about $6K. But I will get a 3 years old, 35K miles car. I don't know if in the case of Honda Odyssey, buying certified pre-owned is a good idea. Maybe buying new makes better sense. Your opinions will be much appreciated!! Tony
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Replying to: tpan (Jun 14, 2005 8:32 am) I think buying a certified used CAN be a great way of saving some money on a car, especially for cars that depreciate in value considerably during the first 2-4 years. We also thought about getting a 1-2 year old Odyssey. In the end, I decided against it for a couple of reasons: *Hondas simply keep their value too well (it's a problem, right?!!).  in other words, you don't save very much for getting a used vehicle. *the interest rate negates some of the difference. Some of us have been able to get pretty good rates for a new car, and the used rates are always higher. Even a 1% difference is about a 500$ difference, so that gap is closed. *I like some of the changes on the new Odyssey, especially with respect to the additional safety featured, the 3cylinder option, and most importantly for us, the split and store third row, which we use all the time. I can't quite explain it, but the design of the new ones just feel more contemporary to me. At the end of the days, these are great minivans, and i don't think you can go wrong either way. Whatever you decide, I hope you enjoy it and it is a great car for you and the family. maulana |
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The problem with Honda...and I think Toyota as well is that their cars hold their value so well, it is just not worth it to buy used. I think all his points are right on. The only possible exception is if you can get a used vehicle from a private seller. As a general rule, you'll get it cheaper from the private seller and may be able to get the price down low enough where it does make sense to buy used. Of course this has it's own risks(non-certified, is there anytihng wrong with the car, etc), but I personally think they are not all that high. For me - I'm looking at a Sienna or Ody. I'll buy new pretty much for all of the reason tpan says.
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Can somebody suggest which of the following cars is better: Nissan QUEST S - on the road price $ 23, 000 (because of the Nissan's rebates and below invoice price bargaining) v/s Honda Odyssey EX - on road $ 28,000 Is the Odyssey worth that extra $5000.0 (i.e ~ 20 % price difference). I personally donot like to center console in the Odyssey. But in terms of driving and car exterior, it is not bad. As much as Honda looks good, it is difficult to justify the extra $5000.0 |
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Replying to: rsht (Jun 14, 2005 8:08 am) |
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Replying to: jammeger (May 17, 2005 6:13 pm)
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Replying to: 96corolla (Jun 14, 2005 9:11 am)
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Replying to: tpan (Jun 14, 2005 6:02 pm) That's wonderful news. Congratulations on the decision, and hope you are pleased with the car. We've had ours for a couple of weeks, and couldn't be happier with the van. maulana |
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Replying to: kush1 (Jun 14, 2005 5:15 pm) |
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