A local Honda dealership has a used 2010 Honda Fit Sport for sale.

Is this a good deal? Should I go for it?

I was considering waiting to get the 2015 Fit instead, but might opt for this instead. What are your thoughts?

Here are the details on their website:

Price: $13,250
Mileage: 80,600 km

Transmission:
5 speeds Automatic
Drivetrain: Front wheel drive

Chassis
Category: Passenger
Type: Hatchback
Doors: 5
Passengers: n/a

Color
Exterior: Black
Interior: Black

Engine
Capacity: 1.5L
Cylinders: 4 Cylinder
Fuel: Unleaded

Options:

AM/FM Radio
CD Player
Power Windows
Power Doors
Power Steering
Air Conditioning
Cruise Control
Electric Mirrors
Tinted Windows
ABS Brakes
Alarm System
Spoiler
Alloy Wheels
Fog Lights
Engine Immobilizer
Tilt Steering
Bucket Seats
Driver Airbag
Passenger Airbag
Side Airbags
Adjustable Mirrors from Interior
Clock
Intermittent Wipers
Interior Fuel Latch
Remote Entry
Tachometer
Onboard Computer
Split Rear Seats
Power Brakes
Child proof locks
Rear window defroster
MP3 player
Floor mats
Anchor Points for Child Seats
Curtain Airbags

They have pics of the interior and exterior, and it all looks brand new.

 

I'd be reluctant to spend more than $10K for it. Prices have dropped considerably in the last 6 months.

Edmunds and KBB are high according to anecdotes floating around here. Go through a few pages in this forum and you'll see what I mean.

oops sorry, I see you're in Montreal. I have no idea what the market is like there.

 

IMO that price for the 2010 fit sport might be too high considering it already has 80k mi. I agree that prices on the outgoing model (2013) have dropped significantly this month. I would test drive the 2015 fit and shop around 2013s. You never know what you just might find these days. Or maybe a used 2012. Good luck. Happy shopping.

 

It's 80,000km or about 50,000mi.


Clifton

 

I stand corrected sir. I'd still shop around as you might get a better deal for the price you wanna pay for.

 

How much is it in the US dollars?

 

I believe with current exchange rates, it's $12,077.30 US.

 

How much is a new Fit?

 

A new (undriven) 2013 Fit in Ontario/Quebec is ~3000 off before taxes and $1000 after taxes right now. So ~19k to drive off lot, taxes included? (At 13% tax, the one below is ~15k to drive away).

In order for a 15k car to be worth it compared to a "new" 2013 fit you'd have to value the first 80000 km at under 4k, so 1000$ per 20000 km, or an expected car lifetime of 380,000 km. This does not include valuing "new car km" higher than older car km (as their maintenance costs are lower) or any financing costs.

Basically, with the kind of deals they are selling 2013 fits for (or even 2014), used fits are being undercut right now.

 

Yeah I'm just gonna wait for the new Fit lol.

 

That like 50k miles and $12,200 USD. Bargain them down $2k.