Wednesday, February 1, 2012

How much is a 2003 Honda Element with 56k miles worth?

The car is on its second owner. Comesmetically it looks fine.

2003 Honda Element with 56,000 miles.

How much is it worth?How much is a 2003 Honda Element with 56k miles worth?One of the keys to pricing a car is to effectively rate the car as the price will vary widely based on condition and mileage. Mileage is pretty obvious. You should base condition on a Carfax report (which would also help catch any odometer fraud) and your own review. Before you buy your final step should be an inspection by a qualified mechanic - but that's too expensive to do on every car you look at.



There are a bunch of places to check car prices on the Internet. NADA guides is one - but since they are owned by the car dealers association I never recommend them. KBB is another. Driverside.com is a new site and they have a couple of extras - great data showing price based on mileage; DriverSide Estimate where they search actual listings to find what cars are actually selling for in local markets; and estimates for trade in pricing.



http://www.driverside.com/value-your-car鈥?/a>



Also take a look a the DriverSide cost of ownership - service, gas, insurance and even depreciation to see how the price will drop over time. I find that most folks look at the one time sales price - not the ongoing costs which continue long after you buy your car.How much is a 2003 Honda Element with 56k miles worth?that's a tough question when not being able to look the car over. as a guide line you can look it up on Kelly Blue Book (.com) and answer a few questions. it depends also whether your buying/selling or whether its being sold/bought from a dealership or from the public. if nothing else, i don't think it would hurt to bring it to a Car-Max and get them to look it over for you. whatever they tell you its worth compare that to the KBB value then you will at least know ball-park what its worth. How much is a 2003 Honda Element with 56k miles worth?probably 500-800 dollars

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