My mom just bought a CPO 2013 Accord - huzzah!

"Chairman Kaga" (mike-mckinnon)
03/28/2014 at 16:42 • Filed to: None

I'm proud of her for trusting me the CPO 2013 EX-L in alabaster silver with 12k miles was a better deal than the brand new 2014 EX. $24,800 (I think she ended up paying $23,800 after some negotiations) versus $27,100, but also with the Honda CPO extended warranty and all the extra equipment in the EX-L; I was happiest with the safety stuff, since my mom is 68.

The only downside is the half point difference in interest, although she's about to settle my grandmother's estate and come into about $150,000 of inheritance. Now we just have to decide if she'd do better by investing 100% of that, buying a small house for retirement (she rents a condo now), or paying off the car in one payment and investing the (significant) remainder.

NO difference between a 2013 and a 2014 in this trim, BTW.

She also negotiated $4500 for her '05 Corolla CE with 100k miles, which had NO options, not even power windows. That wasn't terrible either. I know she could have gotten more through private sale, but she couldn't handle that on her own and I'm too far away to help.

I also have known the salesman since I was 12. His mom and my mom were teaching buddies for about 20 years too. !!!error: Indecipherable SUB-paragraph formatting!!! .

DISCUSSION (12)

SnapUndersteer, Italian Spiderman > Chairman Kaga
03/28/2014 at 16:49

Good stuff. You're gonna love the car. It drives well and has pretty damn great mileage.....

It's made in Ohio too, a mere 5 miles from where I sit right now at my own job.

Roberto G. > Chairman Kaga
03/28/2014 at 16:49

Good, reliable car. It's a fact.

Audi-os, amigos > Chairman Kaga
03/28/2014 at 16:53

Someone gave her $4500 for an almost 10 year old Corolla????

Chairman Kaga > Roberto G.
03/28/2014 at 16:54

We drove a couple while she was visiting last week. There was, in fact, nothing I could find wrong with it. I even forgot it had a CVT until the salesman reminded me. And it's quick! The Integra GS-R could sprint to 60 in 7.2 seconds, and that's snapping every shift and not getting out of the power. The Accord gets to 60 a tick quicker, but with no more effort than just putting your foot down.

I have absolute faith in this CPO, even though I didn't get to drive it. She got it for about $1,000 under Edmund's TMV. Not a bad deal.

Chairman Kaga > Audi-os, amigos
03/28/2014 at 16:55

It's SPOTLESS. They offered $3800. I told her to push for $4500, to fully cover sales tax and registration. They relented.

Dunnik > Chairman Kaga
03/28/2014 at 16:55

A good choice for a retired mom car. She is to be commended for not getting a CUV.

And you're right, of course, a loaded CPO Accord with barely any miles on it is to be preferred over a brand-new stripper. Kudos to her for taking good advice.

Chairman Kaga > SnapUndersteer, Italian Spiderman
03/28/2014 at 16:57

She lives 3 miles form work, although she's retiring in a few months. Mainly it's for road trips to come visit us. And I know for a fact people are getting 40+ MPG on the highway. The EPA doesn't evaluate the "Eco Button" effect when determining MPG.

I can't find a single thing wrong with the new Accord. It's one of the few cars on the market that are essentially flawless.

Audi-os, amigos > Chairman Kaga
03/28/2014 at 16:58

I don't doubt that she's been taken good care of! But dang...a decade old un-optioned compact....?

Heck, if they were willing to pay it, good for you!

Chairman Kaga > Dunnik
03/28/2014 at 16:59

She almost got an Escape, but decided she didn't like the interior (too modern, not grandma enough), the ride (too stiff) or the fuel economy (too low). Plus it was just bigger than she needed on a day to day basis. I'm proud of her!

Chairman Kaga > Audi-os, amigos
03/28/2014 at 17:00

It's a retirement town and I think the dealers clean up on cat food cars for oldies, as my brother calls them. Pull the door dings, wash it, sell it for $6,000 next week.

SnapUndersteer, Italian Spiderman > Chairman Kaga
03/28/2014 at 18:25

the Media interface is tough to use though

Roberto G. > Chairman Kaga
03/30/2014 at 06:44

You lucky family you.