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Reply to "Sell this old Pilot & get a new car, or hold out for a better time?"
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[quote=Anonymous]The used car market is showing some signs of cooling demand, but there are few bargains to be had so long as new vehicles are not readily available. A dealer is going to continue to charge a premium to drive away a car when the alternative is to wait weeks for a new vehicle allocation to be delivered. Your car has de minimis value and a dealer would be lucky to get $500-1000 at wholesale auction. Regardless, what’s wrong with the A/C? Has there been a leak test? Does. It need a recharge? Is it a port that needs replacement? Or does it need a rebuilt compressor? Knowing that will help inform your decision. And be careful not to buy into the sunk cost fallacy. Either way, putting a deposit on a 2023 Honda might be the most prudent course of action right now, with 4-5 year old used cars (without warranty) selling for only a few thousand less than a new car. You should be able to get a 90 day rate lock on financing as a hedge against rising interest rates. [/quote]
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