Question on used vibe pricing

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redchicago
Posts: 6
Joined: Thu Jun 03, 2010 2:48 am

Question on used vibe pricing

Post by redchicago »

I'm looking at a 2007 vibe next week that a private seller is selling. It has 79,000 miles on it and will need a couple of tires replaced before winter. They guy wanted 8500, but I said I'd pay $8000 or $8200. When I said I could probably pay 8200, that was before I knew about the tires.I'm having my mechanic check it out next week before purchase. What would be a fair price for the car? Is $8000 too much even? Nothing has ever been replaced on the car so far. The guy is the original owner, but doesn't have maintenance records because he changes oil and stuff like that himself.
ramenboy...
Posts: 2739
Joined: Thu Apr 07, 2005 1:50 am
Location: Chicago il

Post by ramenboy... »

hey welcome from another chicagoan.kbb says in good condition, at about that 79k, $8140. 'fair' condition is a little over $7k. good that your mechanic will take a look at it.good luck!!
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jake75
Posts: 4792
Joined: Sun Feb 09, 2003 1:33 pm
Location: Columbus, OH

Re: (ramenboy...)

Post by jake75 »

In Feb. 2003 I sold my 2003 Vibe 1.8L AT Power Package Monotone with 33,000 miles for $9,500. That was significantly less than the no haggle prices CarMax was asking for similar vehicles but frankly I think a new 2009 would have been a better choice economically. Low miles are worth money. Personally I think people pay too much for higher mileage cars but the market is what it is.Recently a new 2010 Matrix with AT and Power Package was advertised here at about $16,500. My view is that makes more sense. I'd rather make car payments than make repair and maintenance payments.But to reassure yourself that you are not overpaying, do a national search at CarMax.com. I think you will see that CarMax is asking (and apparently getting) at least $10,000 for what you are paying $8,000 for. But if you drive it around the block and ask CarMax what they would give you to buy it back you will be in for a big surprise.
2009 Vibe 1.8L Carbon Gray AT Power Pkg 1/12/092003 Vibe 1.8L Neptune AT Mono Power Pkg 1/27/03 [sold 2/2/09]2007 T&C SWB 7/31/07 "Broke people stay broke by living like they're rich. Rich people stay rich by living like they're broke."
redchicago
Posts: 6
Joined: Thu Jun 03, 2010 2:48 am

Re: (jake75)

Post by redchicago »

I wish I could afford a newer vibe or one with lower mileage, but my budget is around $8000. Seems like most cars have 60-80k miles on them at that budget.The other option I have is getting a similar style car, a 2007 Kia Rondo with 61k miles on it for the same price. Would that be a better bet than the 2007 vibe with 79k miles?I really don't know much about the rondo or kia's in general. Does 18k miles make that much of a difference?
Vinlandr
Posts: 60
Joined: Mon May 24, 2010 6:05 pm

Re: (redchicago)

Post by Vinlandr »

2 weeks ago I paid 8895$can for my 55K 2006 base model automatic + full electric group... ironically at a Kia dealer. I negociated a bit the price and also could get 4 new tires and kept the almost new winter tires it came with.The Rondo has a more powerful engine if I am not mistaken but beside that I can't really tell.Regarding the Vibe we talk about a Toyota engine which has been around for a while and proven to be a though horse. I dont know about the Kia engine on the long Run. 18K as far as I know won't make much of a difference if the car maintenance was made.Toyota engines reach insane odometers numbers when properly maintained.Jean
Vibe base 2006 Neptune Blue Powerpack
northvibe
Posts: 7641
Joined: Tue Jul 05, 2005 2:25 pm

Post by northvibe »

use NADA for a car value, kbb seems off to me.Vibes are holding their value used very well so $8k doesnt seem bad to me. I sold my 04 to my sister with 75-80k miles on it for $8-9k.
AdmRose
Posts: 73
Joined: Sun Apr 11, 2010 8:04 am

Re: (northvibe)

Post by AdmRose »

I bought my '04 AWD w/M&T in Feb. 2010 for $9,500 when all was said and done. It had 62,000 miles on it. Still it beat the KBB price for it so I was happy.
2004 AWD Vibe - "The Indignant"- Traded in 7/9/12
2010 Honda Insight EX - Current ride
northvibe
Posts: 7641
Joined: Tue Jul 05, 2005 2:25 pm

Post by northvibe »

use NADA for a car value, kbb seems off to me.Vibes are holding their value used very well so $8k doesnt seem bad to me. I sold my 04 to my sister with 75-80k miles on it for $8-9k.
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