Trading EX for EX-T?

7338 Views 15 Replies 8 Participants Last post by 5TAR, Mar 8, 2016

NickfromSD

Discussion Starter · Feb 26, 2016

i regret finalizing my purchase of an EX before experiencing driving an EX-T. The Sirius and HD radio are cool extras, but i'm really jealous of the torquier 1.5L turbo.

Are there any benefits to having the EX with the 2L non-turbo aside from less moving parts that will require maintenance over time? Please say something to mend my broken heart

I received a loan from my bank at 1.89% APR for 72 months, my first payment starts mid-april. Is there anything i can do to get myself into an EX-T instead? I understand my car is now considered used and the dealership obviously isn't going to take it back- or would they? It's still in flawless condition and it has 220 miles on it. Man oh man, i want that EX-T.

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BarneyFife

· #2 · Feb 26, 2016

NickfromSD said:
i regret finalizing my purchase of an EX before experiencing driving an EX-T. The Sirius and HD radio are cool extras, but i'm really jealous of the torquier 1.5L turbo.

Are there any benefits to having the EX with the 2L non-turbo aside from less moving parts that will require maintenance over time? Please say something to mend my broken heart

I received a loan from my bank at 1.89% APR for 72 months, my first payment starts mid-april. Is there anything i can do to get myself into an EX-T instead? I understand my car is now considered used and the dealership obviously isn't going to take it back- or would they? It's still in flawless condition and it has 220 miles on it. Man oh man, i want that EX-T.

Go back to the dealer. If the car has 220 miles, they can still sell it for almost the price of a new. You should not take a big hit for it. They should be willing to work with you since they're the ones making money out of the EX-T.

RobbJK88

· #3 · Feb 26, 2016

Considering the 1.5T has "more moving parts" it's ironic that the 2.0L has been the engine so far with the major recall issues. You'd think they could get a regular 2.0 right the first time, people would've been alot less shocked if the 1.5T had needed a recall so early on i think.

But i agree. you might take a small hit, but in my experience the dealership should be willing to cut you a deal and make a trade.

RedCivicTouringMA

· #4 · Feb 26, 2016

Mr.Stepanov said:
Go back to the dealer. If the car has 220 miles, they can still sell it for almost the price of a new. You should not take a big hit for it. They should be willing to work with you since they're the ones making money out of the EX-T.

No they cannot, it's considered a used car, because it's been legally registered.
And customers have no incentive to buy the used one when for the same price they can get one with 220 miles less.

Reactions: 1

RedCivicTouringMA

· #5 · Feb 26, 2016

NickfromSD said:
i regret finalizing my purchase of an EX before experiencing driving an EX-T. The Sirius and HD radio are cool extras, but i'm really jealous of the torquier 1.5L turbo.

Are there any benefits to having the EX with the 2L non-turbo aside from less moving parts that will require maintenance over time? Please say something to mend my broken heart

I received a loan from my bank at 1.89% APR for 72 months, my first payment starts mid-april. Is there anything i can do to get myself into an EX-T instead? I understand my car is now considered used and the dealership obviously isn't going to take it back- or would they? It's still in flawless condition and it has 220 miles on it. Man oh man, i want that EX-T.

Go back to the dealership and ask, the best anyone can do here is guess, unless its a dealership or honda employee. but even then they cannot tell you what your dealership will or will not do for you

BarneyFife

· #6 · Feb 28, 2016

RedCivicTouringMA said:
No they cannot, it's considered a used car, because it's been legally registered.
And customers have no incentive to buy the used one when for the same price they can get one with 220 miles less.

I didn't say sell it as new, but close to the price of a new. The loss isn't that big at the moment.

RedCivicTouringMA

· #7 · Feb 28, 2016

Mr.Stepanov said:
I didn't say sell it as new, but close to the price of a new. The loss isn't that big at the moment.

No way they will even offer it as close to the price of new.
Like I said someone will see it and say well for a tiny bit more I can have a new one.

joeb427

· #8 · Mar 6, 2016 (Edited)

RedCivicTouringMA said:
No way they will even offer it as close to the price of new.
Like I said someone will see it and say well for a tiny bit more I can have a new one.

I agree.
He'll easily lose $5K.

Reactions: 2

RedCivicTouringMA

· #9 · Mar 6, 2016

We have not heard from the OP since the posting, so we have no idea what happened

Jleecare

· #10 · Mar 7, 2016

I trade-in my Hrv with 1300 miles on it for Crv last month (after owned the Hrv for 20 days). I took $1600 hit but got a good deal from the Crv to make-up the lost. BTW, I did the purchased/trade thru a different dealer b/c my old dealer don't want to give me the deal. Shop around until you find a better deal or the dealer that want to work with you!

hunter44102

· #11 · Mar 7, 2016

Well it doesn't hurt to find out by calling a few dealers. Ask a few of them how much for a trade-in for the EX-T. Something that new and in that condition will sell especially a brand new model year. They are selling like hotcakes!!

joeb427

· #12 · Mar 7, 2016

Jleecare said:
I trade-in my Hrv with 1300 miles on it for Crv last month (after owned the Hrv for 20 days). I took $1600 hit but got a good deal from the Crv to make-up the lost. BTW, I did the purchased/trade thru a different dealer b/c my old dealer don't want to give me the deal. Shop around until you find a better deal or the dealer that want to work with you!

You put 1300 miles on the HR-V and only lost $1600?I call that BS.
So what will the dealer sell that used HR-V for now?
You lose at least 20% once a vehicle is DMV registered and you drive it off the lot.It's now a used vehicle which has to be sold for thousands less than a new model.No way around that.

5TAR

· #13 · Mar 7, 2016

hunter44102 said:
Well it doesn't hurt to find out by calling a few dealers. Ask a few of them how much for a trade-in for the EX-T. Something that new and in that condition will sell especially a brand new model year. They are selling like hotcakes!!

Well yeah but one downside is with the attractive new models Honda has going on selling that trade in might not go so well as it would have a year or two ago. Meaning the trade in value will be much less.

Still worth it if you want to get rid of the vehicle like... right NOW.

Jleecare

· #14 · Mar 8, 2016 (Edited)

Hrv is still high demand everywhere. I bought the Hrv for $23900 and trade-in for $22300 (add $350 for doc fee and title). Saw the dealer put it on the lot as certified (7yr/100k warranty) for $23999 and it was gone like a week later. They still make money on the trade and the new buyer will get extra 2yr/40k warranty for buying used (like new in this case). This is a win-win for the dealer and the person that buy used and I am happy with my lost. Find the high volume dealer to do trade since they have more room to negotiate and work with your trade-in.

joeb427

· #15 · Mar 8, 2016 (Edited)

Jleecare said:
Hrv is still high demand everywhere. I bought the Hrv for $23900 and trade-in for $22300 (add $350 for doc fee and title). Saw the dealer put it on the lot as certified (7yr/100k warranty) for $23999 and it was gone like a week later. They still make money on the trade and the new buyer will get extra 2yr/40k warranty for buying used (like new in this case). This is a win-win for the dealer and the person that buy used and I am happy with my lost. Find the high volume dealer to do trade since they have more room to negotiate and work with your trade-in.

Certification cost the dealer close to a $1K.
So you're saying the dealer was selling the used HR-V at an asking price of what you paid for it new.I doubt they got the asking price.
You also paid doc fee again and registration transfer fee.

I've been buying,selling and trading in vehicles for 40 years and there's no way a dealer takes back a new vehicle trade in,where the buyer only loses 6%-7%.
I don't care how hot sales are on a vehicle,you lose around 20% or more when you drive it off the lot unless your uncle owns the dealership.
If somehow you actually pulled this off.Play the lottery.

Reactions: 2

5TAR

· #16 · Mar 8, 2016

That's the biggest thing people miss out on with vehicles, you're always at a loss and I blame the banks for calling it an asset, making people thing there's real value in it and that its worth putting more time than needed on something that's only depreciating and depreciates a good chunk the first day you own it.

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