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2020 Honda Passport Touring
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Discussion Starter · #1 ·
I’m thinking about selling my 2020 Passport Touring. I’m not selling it because I don’t like it, I actually really like and haven’t really any problems with it. after a year I’m finding it a little too big and it does sit in the garage a lot. It has 9,200 miles on it and hasn’t seen rain or snow. It’s in showroom , still smells new. condition. The dealer offered me 36k and I thought that was low. I spent like 2k on Oem trailer hitch, mud flaps and running boards. Has anyone sold there Passport yet and did you get good money for it?
 

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Your vehicle is a model year old, soon to be two years. I'd take the 36k and run, but that's just me. New your vehicle was at the most 40k. Buying extras like the trailer hitch etc. really has no bearing on the current value. If you still want a Honda, you might be able to trade even up for a CR-V touring?
 

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You can check the usual cast of characters and you will have an idea within 1k or so of what the trade in value will be. If you can't accept that there is always the selling privately option.

If you are going to trade in to purchase and you live where netting tax is allowed that's when it will get interesting. I had an experience with a trade in where the offer was low but not low enough that doing the trade and buy separately would have been cheaper.
 

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Hi, are you selling or are you trading in? Is it AWD? Since a trade in avoids the taxes, the economics are different fo you. Anyway, the used car market is crazy, and I’d bet your dealer will list that car for close to the original MSRP . I just bought an EX-L and the Dealer (NYCsuburbs) in my town is putting $2500 market adjustments with no budging. I did do better than that but not easy at least near me to find a passport let alone a good deal.

Dealers are also desperate for used cars and this low mileage car would be ideal for them.

For your vehicle I think 36 is a bit low assuming AWD. I would check KBB. You can also get a vin based value from car fax. You can also get firm offers from Carvana and Vroom. I’d also check those sites to see what comparable vehicles are selling for.

if I were personally selling that vehicle private party on Facebook or whatever, assuming it’s AWD, I would probably list it for 40 or more.
 

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2019 Passport Elite, Modern Steel (4/2019)
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Never sell your vehicle to the dealer unless they are offering you a great price on a trade!
They have their overhead and costs to meet. You can easily make more selling to a private buyer.
 
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2020 Honda Passport Touring
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Discussion Starter · #6 ·
I was thinking about selling it privately and yes it’s awd. I’m really torn because I love it. It’s paid for too, so I’m in no rush. We also have 2 Subaru’s but I’ve been itching to get a fun car like a Mini Cooper or a little BMW 2 series. I only take the Passport out for the long trips, it’s not my daily. I’m on the East coast and I don’t see too many Touring models for sale.
 

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2020 Honda Passport Touring
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Discussion Starter · #7 ·
Hi, are you selling or are you trading in? Is it AWD? Since a trade in avoids the taxes, the economics are different fo you. Anyway, the used car market is crazy, and I’d bet your dealer will list that car for close to the original MSRP . I just bought an EX-L and the Dealer (NYCsuburbs) in my town is putting $2500 market adjustments with no budging. I did do better than that but not easy at least near me to find a passport let alone a good deal.

Dealers are also desperate for used cars and this low mileage car would be ideal for them.

For your vehicle I think 36 is a bit low assuming AWD. I would check KBB. You can also get a vin based value from car fax. You can also get firm offers from Carvana and Vroom. I’d also check those sites to see what comparable vehicles are selling for.

if I were personally selling that vehicle private party on Facebook or whatever, assuming it’s AWD, I would probably list it for 40 or more.
I’m not selling it to the dealer and at the moment they are all sold out of Passports. I thought they would offer at least 38. It’s awd, I’m having second thoughts about selling it and I’m not trying to be greedy but given the fact that inventory is low I can do better.
 

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If you would have asked me in August, I'd say 36K would have been a fair price in our area (SW Ohio) since you could have scored a 2021 Touring for around 38K (if you include the 1250 rebate). I was in the market and was tracking the local inventory on a daily basis. Back then there was decent availability, but now there's much less in stock, and I don't see any advertised discounts. Everything I read suggests supply is only going to get worse.
 

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2020 Honda Passport AWD Touring-Black Forest Pearl
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We just bought a 2020 touring and with 10k mileage for 37k. Good luck!
 

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Now is a good time to offer your car for sale, but don't give it away.

The Blackbook "clean" Trade-in value is $40,190. That doesn't take in to account the OEM options, which you've listed. The Full Retail resale value, at a dealer is $46,425.

It costs $49 to list a vehicle on Autotrader dot com. They show you a recommended "asking" price range.

I sold a car over the last 4th of July weekend, using Auto Trader. After the test drive, my buyer asked me to come down in price. I told him that I was selling it at the middle of the Auto Trader price recommendation and that the price didn't include the additional OEM options which were listed in the advertisement.
I did not come down and he knew that that he wouldn't find a more fair price, at a dealership.

Tip...The reason that you're selling your car as a "Private Seller" is to avoid Salesmen. There will be many Salesmen watching the Auto Trader listings. They'll call you and not be interested in anything except seeing how much you will come off of your asking price. They'll offer you thousands below your asking price, but don't 2nd guess Auto Trader's price recommendation.
 

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Discussion Starter · #12 ·
Now is a good time to offer your car for sale, but don't give it away.

The Blackbook "clean" Trade-in value is $40,190. That doesn't take in to account the OEM options, which you've listed. The Full Retail resale value, at a dealer is $46,425.

It costs $49 to list a vehicle on Autotrader dot com. They show you a recommended "asking" price range.

I sold a car over the last 4th of July weekend, using Auto Trader. After the test drive, my buyer asked me to come down in price. I told him that I was selling it at the middle of the Auto Trader price recommendation and that the price didn't include the additional OEM options which were listed in the advertisement.
I did not come down and he knew that that he wouldn't find a more fair price, at a dealership.

Tip...The reason that you're selling your car as a "Private Seller" is to avoid Salesmen. There will be many Salesmen watching the Auto Trader listings. They'll call you and not be interested in anything except seeing how much you will come off of your asking price. They'll offer you thousands below your asking price, but don't 2nd guess Auto Trader's price recommendation.
Thanks, for the tips. I was thinking about Autotrader and 49 isn’t bad if it attracts the right buyers.
 

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From the Honda web site, build your own Passport.
Tire Wheel Automotive parking light Land vehicle Vehicle

MSRP = $44180 for the Elite. Me thinks someone is blowing smoke on their valuations listed above.:oops:
 
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I'll leave this Blackbook link up for a little while. LINK
It's the link that finance offices use, when determining the value of a car, before they loan money . It is the same link that is the Standard in the Used Car business.
I'm fascinated how a "financial office" determines a used car is worth more than the MSRP on a new one at an even higher trim level.
 

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I was thinking about selling it privately and yes it’s awd. I’m really torn because I love it. It’s paid for too, so I’m in no rush. We also have 2 Subaru’s but I’ve been itching to get a fun car like a Mini Cooper or a little BMW 2 series. I only take the Passport out for the long trips, it’s not my daily. I’m on the East coast and I don’t see too many Touring models for sale.
Skip the Mini Cooper. Nothing but problems with those cars. A big headache who owns these vehicles.
 

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Discussion Starter · #19 ·
Skip the Mini Cooper. Nothing but problems with those cars. A big headache who owns these vehicles.
I had a 2007 and it was a good car. I didn‘t drive it everyday and I sold it before the warranty was up.
 
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