loaded ody EX with added sunroof. the sunroof added a thou i think to a 32k full price sticker. MSRP + sunroof. leather, power everything.
kbb private party value
04 odyssey w/ 47k miles
Condition Value
Excellent $22,085
(no one has an excellent condition vehicle, espeically minivans which get beat on)
Good $20,700
(Selected)
I considered it good condition.
Fair $18,835
their 18,500 trade offer was higher than trade value and lower than private party value. it likely was simply an auction value. all the dealers go to the computer and pull up auction value and give you that in case they get stuck unloading the car. You try to debate the trade value and they basically say, see ya and leave you to 'go fk yoself, homie'....In this case they will preserve 6.5% of that for sales tax.....about 1200 (not 15, sorry). so in the end the offer is 19,700 real cash. I'm pretty sure the 32k sticker was paid and then tax on top of that. So let's cancel out the tax and go only on price paid. Let's drop that 18,5 trade number down to 18 because that makes up for the 1000 that was paid extra for the moon roof.
18k/32k = 2.5 years and 56.25% value retained. that's 43.75 / 2.5 = depreciation per year = 17.5 x 3 = 52.5% value lost in 3 years, admittedly slightly higher mileage than normal.
Even if we only go 50% value lost in 3 years, that's still 16 grand out the window. That's not cheap and even the biggest Honda bangers cannot justify saying the car holds its value at that point.