inspired_m:

[b]
I just Bought a 2005 Honda Accord EX-L for $12,000.  Exclusive of shipping, Clearing and Profits.

BizBooks:

Yes, you are right. I recently toyed with the idea of getting a new car and went to a Honda dealership. They offered me the same price - $12,000 for my 2005 EX-L if I will buy a 2011 model. Unfortunately, I didn't have the appetite to take on another car loan having recently finished paying off the one I had.

Honda is the worst hit. A few days ago, they announced a 90% decline in profits.

texazzpete:

Decline in profits usually means a price slash.
looming recession usually means a price slash too.

Good times

BizBooks:

Yes, you are right. I recently toyed with the idea of getting a new car and went to a Honda dealership. They offered me the same price - $12,000 for my 2005 EX-L if I will buy a 2011 model. Unfortunately, I didn't have the appetite to take on another car loan having recently finished paying off the one I had.

Honda is the worst hit. A few days ago, they announced a 90% decline in profits.

On a Lighter Note Maybe we can look into Re - Exporting Cars from Nigeria back to the USA

( Pre order your cars from Nigeria to the USA 100% deposits Only. )

The Good thing about this Palava is for People that Deal on Salvaged Cars, When Customers can no longer afford Clean title Honda Accords they would be forced to go for salvaged cars.

Salvaged 2005 Honda Accord sells for around $4000. With another $2,000 to Repair Professionally, You're good to go.

inspired_m:


Salvaged 2005 Honda Accord sells for around $4000. With another $2,000 to Repair Professionally, You're good to go.

texazzpete:

Decline in profits usually means a price slash.
looming recession usually means a price slash too.

Good times  

Honda Posts Surprising Quarterly Profit

Honda Motor Co. released its second-quarter results Monday, posting a sharp decline in profits mostly due to supply chain disruptions stemming from the March 11th earthquake and tsunami in Japan.  But a growing view that those supply disruptions may be coming to an end allowed the carmaker to upgrade its forecast for full-year earnings.

For the three months ended June 30th, Honda reported net profit of 31.8 billion yen, an 88 percent decline from its 2Q 2010 earnings.  Despite the sizable decline as compared with a year ago, however, the results exceeded the expectations of analysts in a recent Thomson Reuters survey, who had projected a net loss of 24.2 billion yen, on average.

Fhemmmy:

You are very wrong Sir . . . . .Looming recession means, more people will hang on to their rides and not sell to get a new one and meaning lesser used rides will be in the market, meaning less to chose from and price will go up and be a little higher.

The only thing that might be in the market for the people would be people that default on loans and have to repo their machine and be sold . . . however, imagine demand and supply as well, when 200 people are waiting to buy same machine, the banks will wanna sell at the highest price possible and the bidding with so many interested buyers will drive the price up as well.

So whichever way you look at it, the price is going up . . . . .

BizBooks:

No, I think you got it wrong. How can there be a price slash when there are few new cars and even fewer used ones in the market. Instead of a price slash, prices are going up astronomically.

BizBooks:

For your information, Honda reported a decline in profits not because of recession but due to a disruption of their operations in Japan caused by the earthquake. Some of their plants were closed for months.

I just Bought a 2005 Honda Accord EX-L for $12,000

baby-boy:

WTF thats a flipping rip off, and its cheaper to ship from Europe

6,807 EUR (negotiable)

cinzo:

I WANT TO BUY A 2000 NISSAN XTERRA BEFORE THE SCARCITY STARTS OH

texazzpete:

I was referring to the price of new cars. I admit it may have been confusing since this topic is about Tokunboh cars

The price of new cars will always drop in a recession. Consumers are afraid to spend so manufacturers do their best to entice them to spend by reducing prices.
Rule of thumb: You cannot tempt people who are reluctant to spend by raising prices!

Which is why i said 'Looming' recession. It hasn't started yet and it may be averted but there's no denying that there's danger on the horizon.

blank:

See mess up. I miscalculated. Bought land to hedge taking a loan on the car. Should have bought the car and hedged taking a loan on the land.

Should have seen this coming. My Camry o!

baby-boy:

How much would it cost to Change from RHD to LHD

Fhemmmy:

Depends on what kinda ride you wanna buy . . . . And your budget, there are still some good deals out there.

I am sure when you ready, we have numerous great dealers on NL that would help you get the best, however, i will advice that you dont regret teh purchase of a land, it is a better investment.

SO THERE IS STILL HOPE FOR MY XTERRA