how to sell a 1991 Honda Accord for 3600$
Talk about resale value for Honda cars! We just sold our 1991 Honda Accord for 3600$! Yes it had only 110K kms and was in good shape but it's still an impressive amount for a car that can't be insured for damage done to it! A lot of people predicted I'd never get close to that amount but I kept believing and it worked. I had to use negotiation tactics like not coming back with a counter-offer if the buyer's offer is too low. If they're interested, they'll come back with a new price. It took longer than I would have hoped but I didn't let my emotions run the show (I used to get discouraged quick in these situations before). The best thing is we had got this car used. So we didn't have to take the drop in the initial value that apply to all makes.
The lesson learned? Hondas have good resale value and you have to be patient when you're selling (or buying for that matter) stuff. Hey, maybe that same thinking applies to stocks: buy stocks with a good margin of safety (solid brand/company at a good price), be patient with your stocks and don't let your emotions take over! (hmmm... I've heard that before)
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Having just bought a new Santa Fe, I wonder if I'll ever get such a good resale value...
The lesson learned? Hondas have good resale value and you have to be patient when you're selling (or buying for that matter) stuff. Hey, maybe that same thinking applies to stocks: buy stocks with a good margin of safety (solid brand/company at a good price), be patient with your stocks and don't let your emotions take over! (hmmm... I've heard that before)
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Having just bought a new Santa Fe, I wonder if I'll ever get such a good resale value...
3 comments:
How are you liking the Sante Fe so far??
it's great! very comfortable, powerful, easy to drive ... lots of space ... can't wait to test the AWD in the snow!
As I knew in advance,it does consume more gas though.
$3600 for a 16yr old car is crazy. Goes to show you that a good investment holds on to value. Now I wonder how much I can get for my 2005 Civic with only 25km.
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