InvestoGuy wrote:Folks:
I have identified a used Acura MDX 2009. I am about to start negotiations with the dealer. The car is not In my town, so a physical inspection / test drive is not possible. Need some advice on:
1. Other than Edmunds and KBB, how do I determine the price is fair?
2. How do I make sure it is not a lemon or does not have any issues? Is Carfax enough?
3. How do I negotiate on the price? I may not have a trade in, so what are the levers to pull?
4. Any other advice?
Regards.
I will just say, never buy a car site unseen. Far too much risk for such a large purchase.
If you are not particularly mechanically inclined, the best course is to have a trustworthy mechanic take a look at it on the test drive and put it up on a lift. They will usually do this for a fair sum. Failing that, at minimum you must go and test drive the vehicle at both around town and highway speeds.
Carfax is kind of like a pregnancy test (sorry for the analogy, I have 3 kids from 1-5yrs!) in that if something shows up, there's a problem (regarding the car, not the potential child!) however just because nothing shows up does not mean there aren't unreported issues. It is very easy to hid things from a carfax. Out of curiosity I carfaxed my first car once a few years back - yes I remember the VIN - and of my 2 fender benders from my younger days, only one was reported. And I did nothing out of the ordinary to attempt to conceal the other. The repair shop simply didn't document it to whatever database carfax pulls from. Long/short, don't take carfax as bible.
Edmunds and KBB are acceptable. For an MDX, take the wholesale value number they show and offer the dealer $1-$2K above it, and see if they bite.