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Car Forum / Honda Cars / December 2005Value of a '89 CRX SI?
My wife owns a 1989 Honda CRX SI that is in fantastic shape. She is the original owner, and the car has been garage kept since 1992, so the interior, body, and paint are in very good condition, with only a few parking lot dings. All maintenance has been done regularly (including paint sealant every 6 months) by the dealer. She only drives a few miles back and forth each day, so the car has only around 51,000 miles. She has begun to have problems with arthritis and is having difficulty with the steering and using a clutch. Therefore she is considering selling the car to purchase something with an automatic transmission and power-assisted steering (perhaps the new Civic Hybrid). We are aware that the CRX SI model has become something of a classic, and considering the superb condition of this car for its age, we know the usual sources of used car prices would not be accurate. We wondered if folks out there have suggestions about what price to ask in selling the car. It's black, with grey interior. Thanks in advance for any input. > We are aware that the CRX SI model has become something of a > classic, and considering the superb condition of this car for its age, > we know the usual sources of used car prices would not be accurate. Do you count www.edmunds.com among the "usual sources" for appraising used cars? It seems about as precise a resource as may be had for your needs, being organized by year, mileage, condition, color, etc., and geographic location, among other things. >> We are aware that the CRX SI model has become something of a >> classic, and considering the superb condition of this car for its age, [quoted text clipped - 4 lines] > being organized by year, mileage, condition, color, etc., and geographic > location, among other things. yup. id be interested, if it was in the los angeles region. ive always loved those cars. I would atleast pay $10,000 for this car. >>> We are aware that the CRX SI model has become something of a >>> classic, and considering the superb condition of this car for its age, [quoted text clipped - 7 lines] >yup. id be interested, if it was in the los angeles region. ive always >loved those cars. Sorry, we're on the opposite coast. By the way, we have checked Edmunds, and we don't think that represents the true value of the car. That's why we're interested in the views of people here. > Sorry, we're on the opposite coast. By the way, we have checked > Edmunds, and we don't think that represents the true value of the car. > That's why we're interested in the views of people here. I checked Edmunds yesterday, and I can say I personally would pay more than the top price (the retail used car price, not more than $3k for my area) that they said was the average for your car. I wouldn't pay $10k. Maybe 33% more than what Edmunds states for the retail price. Otherwise, I'd think the seller was seriously trying to gouge me. Fact is, I'd only be interested because I know this vintage of Hondas pretty well at this point. That's worth something to me. The typical used car buyer does not have this knowledge and has only Edmunds to go by. That's leverage on the buyer's side. S/he doesn't have to trust you about what a great car it is. You're only one person, and the (biased) seller at that. But set the price at a value that makes sense to you, with room for haggling, and see if you get some interest. Maybe have documentation on why this is such a great car. >> Sorry, we're on the opposite coast. By the way, we have checked >> Edmunds, and we don't think that represents the true value of the car. [quoted text clipped - 14 lines] >haggling, and see if you get some interest. Maybe have documentation on why >this is such a great car. This might be a good car to sell on eBay. However you sell it, be careful of funny transactions such as people offering more than your asking price, people outside the countries, etc. Iv'e heard there is a lot of fraud of this type going around. You might want to research this point before you sell. > This might be a good car to sell on eBay. > > However you sell it, be careful of funny transactions such as people > offering more than your asking price, people outside the countries, > etc. Iv'e heard there is a lot of fraud of this type going around. > You might want to research this point before you sell. ive sold 2 vehicles on ebay. its easy to set the stipulations you want. i asked for and got a buyer willing to pay cash, and that would come to my area to pick up. one came to long beach california from san diego, one from texas. both were happy. > However you sell it, be careful of funny transactions such as people > offering more than your asking price, people outside the countries, > etc. Iv'e heard there is a lot of fraud of this type going around. > You might want to research this point before you sell. yup, happened, to me (didn't get taken though, luckly) the guy sent me 4 postal money orders of 1,000 each. (selling price of the car was 3100.) well, money orders were fake (as soon as I saw them, I KNEW they were fake, I brought them to the post office the post master said "nope they are real" I then told him "ok, let me cash one" and sure enough I'm told "yep, your right, they are fake". point fo teh story MAKE SURE to have any checks clear (preferbly paid by bank check or good ole cash if possible) before they drive away. my friend had one of those (I think it was a 1990) and MAN did that care move, that thing was a blast to drive. >> Sorry, we're on the opposite coast. By the way, we have checked >> Edmunds, and we don't think that represents the true value of the car. [quoted text clipped - 4 lines] > that they said was the average for your car. I wouldn't pay $10k. Maybe 33% > more than what Edmunds states for the retail price. Otherwise, I'd think the if its "all that and a bag o chips", id say $7990 would be a fair firm asking price. a thourough detailing and visit by a paintless dent guy would help. who knows, though. might find someone who has fond memories of that being their "first car/car they drove in high school, college, etc/lost their virginity in/whatever" theyd obviously pay more. after all, $12k will get you a nice shiny hyundai, so i wouldnt expect more than that. this is all assuming its had at least ONE timing belt/water pump, and the tires are recent. > seller was seriously trying to gouge me. Fact is, I'd only be interested > because I know this vintage of Hondas pretty well at this point. That's [quoted text clipped - 6 lines] > haggling, and see if you get some interest. Maybe have documentation on why > this is such a great car. yup. theyre only going to get top dollar if they sell to an enthusiast. East coast means winter. You will get a better price in spring. The best price will come from someone who knows this car and wants it. Trying to persuade someone who doesn't know it that it is a great car is a losing proposition. The model and its condition will determine its price. There are few CRXs around that are in good unmolested condition. Most are just old cars or have extensive mods that are of questionable value. Dan (This account is not used for email.) >> Sorry, we're on the opposite coast. By the way, we have checked >> Edmunds, and we don't think that represents the true value of the car. [quoted text clipped - 14 lines] > haggling, and see if you get some interest. Maybe have documentation on why > this is such a great car. "Dan Beaton" <ag564@FreeNet.Carleton.CA> wrote > Trying to persuade someone who doesn't know it that it is a great car is > a losing proposition. Car salespeople persuade the naive all the time. The difference is that, in this instance, there actually are reports documenting what a great car the c. 1990 CRXs are. Probably can't beat the fuel mileage (for the dollar amount paid) either. If the guy has documented maintenance on the car, even better. If one is honest-sounding, not pushy, and documents his/her claims, this can be very persuasive. >"Dan Beaton" <ag564@FreeNet.Carleton.CA> wrote >> Trying to persuade someone who doesn't know it that it is a great car is [quoted text clipped - 8 lines] >If one is honest-sounding, not pushy, and documents his/her claims, this can >be very persuasive. (Original Poster, here.) We appreciate your and everyone elses input on this. We do indeed have all maintenance records, including that of a recent timing belt and water pump. No modifications, no accidents, though there is one very small parking lot dent. As we suspected, finding the right buyer is going to be key. Fortunately, we are in no hurry to sell, so we can wait for the right buyer. Since we have no experience with E-bay, Craigs list, etc., we may start with an ad in the Washington Post. Thanks again for everyone's help. "RAV" <PaulR@Case.com> wrote snip > (Original Poster, here.) We appreciate your and everyone elses input > on this. We do indeed have all maintenance records, including that of [quoted text clipped - 4 lines] > experience with E-bay, Craigs list, etc., we may start with an ad in > the Washington Post. Thanks again for everyone's help. Not to drag this out too much, but in 1991 when I was determined that my next set of new wheels would be reliable, I went to Consumer Reports April car review issues and confirmed all those bright, fully-filled in red circles for the Civic (CRX too) in the reliability section. They confirmed what I had heard from many people and sold me. Maybe have a set of those for years CR years 93-97 (of course the 89 CRX will be in there). Point out that those surveys are based on a few thousand cars per model. If I had a god-awful accident with my 91 Civic tomorrow, rendering it undrivable ever again, and a seller with the car history and documentation you claim was standing fast at $4k or even $4.5k for this 89 CRX, and assuming a few other things like it's a manual tranny and the seat folds down, then it would be a perfect fit. After checking Edmunds, I think I'd stealthily ('cause that's the kinda consumer I am) still leap on it and probably pretty happily hand over $4.5k. But again, that would be in desperate circumstances. Otherwise, I'd move on until I found a seller for a similar car not exceeding Edmunds retail price. > (Original Poster, here.) We appreciate your and everyone elses input > on this. We do indeed have all maintenance records, including that of [quoted text clipped - 4 lines] > experience with E-bay, Craigs list, etc., we may start with an ad in > the Washington Post. Thanks again for everyone's help. I would say to try autotrader or cars.com, when I sold my maxima, I used both of them and got 4 or 5 responses in a week. autotrader also goes in the magazine as well as on-line and cars.com also lists with a few other sites, just a thought. >>>>We are aware that the CRX SI model has become something of a >>>>classic, and considering the superb condition of this car for its age, [quoted text clipped - 11 lines] > Edmunds, and we don't think that represents the true value of the car. > That's why we're interested in the views of people here. for a rust-free, uncrashed, clean title california car with all the docs, i'd say $6k. maybe a little more on a good day. you'll have to figure out how yours compares. fyi, there's a guy that advertises on craigslist here in the bay area several times a week for such a car. he offers less, but he's been advertising for 2+ years, so i'd say he'd pay more for the right vehicle. people will fly to collect. you have a good digicam, right? > Sorry, we're on the opposite coast. By the way, we have checked > Edmunds, and we don't think that represents the true value of the car. hm. id also check: ebay CRX club sites would it be too new for something like hemmings? google should give some ideas, too. the "dealer resale" price on edmunds is higher and more accurate. > That's why we're interested in the views of people here. i know what you mean about that. my cars only "worth" (according to edmunds) $4500 or so as a trade in, and the dealer resale price would be something like $6000, supposedly. in reality, i know dealers would ask $8000, and id could easily get $6000 from a private party. >>>> We are aware that the CRX SI model has become something of a >>>> classic, and considering the superb condition of this car for its age, [quoted text clipped - 12 lines] > Edmunds, and we don't think that represents the true value of the car. > That's why we're interested in the views of people here. The true value of the car is what a buyer will pay. Is autotrader available online for your area? I'd give you $2K for it. I'm on the east cost. Let me know if you want to sell. Those miles you talk about are on the motor. That motor is $300 bought used with less mileage than the one you have right now. Nice shell/auto body is alright. I'll give you $1200 for shell and $800 for motor+tranny. Some of you have gone mad with $6000 for an 89 CRX even amongst enthusiasts like myself. It's just an old, Honda CRX after all. You can repaint an older car and get it to look brand new. You people have gone out of your minds. > My wife owns a 1989 Honda CRX SI that is in fantastic shape. She is > the original owner, and the car has been garage kept since 1992, so [quoted text clipped - 12 lines] > in selling the car. It's black, with grey interior. Thanks in > advance for any input. > I'd give you $2K for it. I'm on the east cost. Let me know if you want to > sell. Those miles you talk about are on the motor. That motor is $300 bought [quoted text clipped - 4 lines] > like myself. It's just an old, Honda CRX after all. You can repaint an older > car and get it to look brand new. You people have gone out of your minds. the old car dealer talk-down tactic. dude, i sold a beaten up old crx, admittedly clean title, but several wrinkles, 320k miles and a blowing exhaust, for more than you're offering. clean, uncrashed, original crx si with low original miles? like hens teeth. price accordingly. >>My wife owns a 1989 Honda CRX SI that is in fantastic shape. She is >>the original owner, and the car has been garage kept since 1992, so [quoted text clipped - 12 lines] >>in selling the car. It's black, with grey interior. Thanks in >>advance for any input. > > I'd give you $2K for it. I'm on the east cost. Let me know if you want to > > sell. Those miles you talk about are on the motor. That motor is $300 bought [quoted text clipped - 9 lines] > exhaust, for more than you're offering. clean, uncrashed, original crx > si with low original miles? like hens teeth. price accordingly. Dealer talk-down tactic? Dealers lie, I don't when I deal with this type of stuff. Dealer might say the car you're getting has cruise control or sunroof but it doesn't and you find out after you sign that lease. Dealer might say you'll get your car for $12K but they give you a loan with a 9% apr. I said car is an old CRX which is true. I'm being a realistic here. I'm not talking you down, I'm telling it like it is and paying for what it is. If you had a turboed CRX, I'll be willing to pay for the turbo parts that you have in there unlike someone who doesn't know one from the other. You can find CRX shells with slight dings and slight dents or slight rest for around 300-700. You can find a new motor for 300-500. That's for a stock CRX. Of course you can spend $100000 on various items on your CRX. > >>My wife owns a 1989 Honda CRX SI that is in fantastic shape. She is > >>the original owner, and the car has been garage kept since 1992, so [quoted text clipped - 12 lines] > >>in selling the car. It's black, with grey interior. Thanks in > >>advance for any input. >>>I'd give you $2K for it. I'm on the east cost. Let me know if you want > [quoted text clipped - 31 lines] > but it doesn't and you find out after you sign that lease. Dealer might say > you'll get your car for $12K but they give you a loan with a 9% apr. ok, my fault; i should have called you a schonky USED car dealer. one that's not very smart. good luck with your life kid. and carry a hogleg. something tells me you're going to need it. > I said car is an old CRX which is true. I'm being a realistic here. I'm not > talking you down, I'm telling it like it is and paying for what it is. If [quoted text clipped - 21 lines] >>>>in selling the car. It's black, with grey interior. Thanks in >>>>advance for any input. > I said car is an old CRX which is true. I'm being a realistic here. I'm not > talking you down, I'm telling it like it is and paying for what it is. If > you had a turboed CRX, I'll be willing to pay for the turbo parts that you > have in there unlike someone who doesn't know one from the other. id take a clean, stock CRX with 50k miles over a riced out one with a homebrew turbo kit any day. im just weird like that. > I'd give you $2K for it. I'm on the east cost. Let me know if you want to > sell. Those miles you talk about are on the motor. That motor is $300 bought > used with less mileage than the one you have right now. Nice shell/auto body > is alright. I'll give you $1200 for shell and $800 for motor+tranny. there is a difference in salvage value, which youre quoting, and a mint condition running car. > Some of you have gone mad with $6000 for an 89 CRX even amongst enthusiasts > like myself. It's just an old, Honda CRX after all. You can repaint an older its not going to be the same. i can spot repaints from 50 yards away. six grand is half the price of a kia, and its likely only 1/6th used. |
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