Should I buy, or should I pass?

CTRHONDATA

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Just buy a Model Y Performance and save 10k. It’s a faster car too at 3.5s to 60 mph. Delivery is in March 2020 (now). Resale is actually insanely high; better than Honda.

https://www.forbes.com/sites/jimgor...an-be-a-better-deal-than-choosing-a-used-one/

Do come back and post a pic when you get your new ride.

B4CE808D-4C46-4EBB-90CA-8BF777A3751B.jpeg
I like the model Y , but now I might sell my 2018 and upgrade to a 2020 CTR . Looks like gas prices are dropping due to the oil price war and soon to be recession . Or pay off my car , and play the waiting game. Seems like interests rates have plummeted on CDs , savings and even though my 2.75% loan is low it might be better just to deal with the CTR and beat the shit out of it some more, i only have 8150 miles on it !

Coloado the market is ridiculous 37k all day long for used. I should cash out and buy a new one just to get the upgrade and wait a few more years for the WRX STI AWD, supposed to have 400hp from the factory
Sponsored

 

FriscoBrah

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I personally would wait for the 2020 model so you get the "refresh" on the appearance and all of the performance improvements. You don't have to do improvements yourself to get to the starting point of the 2020. You will already have the solid platform to start with.

Saying that, if you are not concerned about the 2020 upgrades and refresh, now would be financial time to go for the 2019 model.
Or buy a 2019 and swap the parts for $600 - 800.
 

CTRHONDATA

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Or buy a 2019 and swap the parts for $600 - 800.
not worth it , rather have a 2020 . 2017-2019s are insignificant compared to the 2020. The damping system alone on the 2020 is 10 x better in comfort from what I am hearing. id rather deal with sensing vs having to buy honda parts and mess with my brand new cars suspension.
 

tinyman392

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Or buy a 2019 and swap the parts for $600 - 800.
It would be nice if it was only 6-800 bucks. Shift knob, shift boot, shifter lock nut is about 200 already. Steering wheel probably another 150-200. Grill and wings probably 200. Fake vents, maybe 350 for front and rear. Front splitter might run you another 150. These are the easier parts to replace at 1-2 hours each if you're quick enough. We then have the shifter which is like 30 and a good 3-4 hours to install. So just for the aesthetic parts we're looking at around 900 bucks worth of parts and the time to install them.

OK, so now we go to the performance parts. Shocks would probably be 350-400 each and the two new control arms probably close to the same. Add in the radiator for maybe 100. So in performance parts we're looking at 2200-2500 in parts plus some hours for installation.

For some additional accessories like a new head unit, we'd be looking at 600 for that. I'd probably guess maybe 100-150 per sensor if you wanted to add in the HondaSensing then add in cost of calibration.

All in to do the full conversion we're looking at 3100-3400 if you want to do the aesthetic and performance upgrades. If you want the infotainment then add another 600 to that, but I'd also add in for an oil sensor and maybe even a new ECU as that may be required to use all the new smartphone and logging features (maybe another 750 for the two?). Also keep in mind that it doesn't include all of the installation and labor costs to do such a job. It's far cheaper to just buy an 2020 at MSRP than do a 2019 at MSRP and install the parts yourself (at worst it's better on time only, at best it'll save on time and money).

Edit: note on a lot of these prices I simply looked up the current price of the parts (non-2020 model) on Hondapartsnow's website. I skipped a few (sensors and ECU for example) though.
 

CTRHONDATA

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It would be nice if it was only 6-800 bucks. Shift knob, shift boot, shifter lock nut is about 200 already. Steering wheel probably another 150-200. Grill and wings probably 200. Fake vents, maybe 350 for front and rear. Front splitter might run you another 150. These are the easier parts to replace at 1-2 hours each if you're quick enough. We then have the shifter which is like 30 and a good 3-4 hours to install. So just for the aesthetic parts we're looking at around 900 bucks worth of parts and the time to install them.

OK, so now we go to the performance parts. Shocks would probably be 350-400 each and the two new control arms probably close to the same. Add in the radiator for maybe 100. So in performance parts we're looking at 2200-2500 in parts plus some hours for installation.

For some additional accessories like a new head unit, we'd be looking at 600 for that. I'd probably guess maybe 100-150 per sensor if you wanted to add in the HondaSensing then add in cost of calibration.

All in to do the full conversion we're looking at 3100-3400 if you want to do the aesthetic and performance upgrades. If you want the infotainment then add another 600 to that, but I'd also add in for an oil sensor and maybe even a new ECU as that may be required to use all the new smartphone and logging features (maybe another 750 for the two?). Also keep in mind that it doesn't include all of the installation and labor costs to do such a job. It's far cheaper to just buy an 2020 at MSRP than do a 2019 at MSRP and install the parts yourself (at worst it's better on time only, at best it'll save on time and money).

Edit: note on a lot of these prices I simply looked up the current price of the parts (non-2020 model) on Hondapartsnow's website. I skipped a few (sensors and ECU for example) though.

great write up and I agree. Since the demand is super high in my state due to capitalist honda dealers marking up the CTR 4-5k with no accessories , I should be able to sell my 2018 for 36k and upgrade for only 3-4k after taxes. I am exempt from tax on title/tags. It is pretty sad but luckily I was able to aquire a 2018 at MSRP with no accessories , almost had to hire an attorney to sue the dealership for trying to weasel their way out of a 500.00 deposit and terms were MSRP no accessories when I was 4th on the list back in late 2017.

Anyway the demand is high here in my state and plan on selling my car. The tires have 8k miles on them , needs a minor front end alignment on one wheel, brakes are almost half way gone in the front, windshield has been sand blasted "not a big issue. Minor scrape on the front spoiler. Other than that the car is mint on the outside. Now I am not sure if these 2019 owners are disgruntled and need to justify their purchases because the 2020 CTR is a better car now.

In the end it just makes logical sense to sell my car outright for 35-37k and get a buyer who doesnt care about the 2020 "like most people on here who think they can just throw a ton of parts on it and make it a 2020" and just pickup a brand new 2020. After the 3rd year most cars start seeing more depreciation than a first or second year vehicle up to 38% , the CTR is different though because of the demand and thankfully might not lose this much depreciation. All honda's are going hybrid/electric in europe by 2022 which means no more 100 % gasoline engines. We in the USA can almost guarantee the next CTR will have acura nsx electric/hybrid tech and this is when we might see our cars depreciate more due to the significant tech/performance upgrade .

https://www.cnn.com/2019/10/23/cars/honda-electric-cars-europe/index.html

https://www.carlist.my/news/all-new...be-made-in-usa-might-be-electric-65300/65300/


Also I was at the dealer yesterday and the GM informed me that the limited edition type r "yellow" honda will make dealers do pre orders through the customer only..

Which means these dealers will not get allocated a 2022 yellow CTR unless the order is put into the system through the consumer to get the car. Of course the dealership would be notified first through the system if they are allowed a 2022 limited edition CTR and this only happens based on volume of sales at that dealership.

The GM informed me he was visited by some kind of national Honda Manager . Sorry I forgot the actual position of this Honda manager that visited this dealership and GM.

Just FYI
I do not work for a dealership , I bought my car there and the GM knows me because of how complained about not getting my car even though it was coming. I was there yesterday because my 2018 Champ white CTR had a bad battery with 8163 miles on the car , would not charge. Let me tell you this was a bad experience the warranty process to hook up t o a special battery tester to test every cell took 5 hours just so they could have a special ticket print out to send to honda corporate that the battery was bad and I could get a replacement. The battery starting smoking at the 4th hour mark and yet still had to wait another 1.5 hours to get my car. At this point I am done with all the dealers in my state and might look into other options. Like a different dealer in a different state or look into Tesla or BMW M2 comp.

With gas prices about t o plummet due to the oil crisis war, it might be best to wait for buying a Tesla right now though. Might not be beneficial in the long run.
 
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NapalmEnema

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Rofl 36k for a 2018? Come on now.... I bought my 2019 brand new for 35750
 

CTRHONDATA

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Rofl 36k for a 2018? Come on now.... I bought my 2019 brand new for 35750
Dealers sell them for 38K here if the milage is low.
All the GMs are in bed together and have created a high demand by not taking deposits, not selling at msrp, marking it up 4k on 2019s.
So yes in my zip code people are lining up to buy a 2018 with low miles for 35 to 37k.
Also we only have one corporate dealer in the state and heard they sell at msrp but force you to buy accessories up to 2k more. Not sure how you dont understand supply and demand. Some people especially in a large military state that have money and dont care.. trust me I know I was in the military.. The only dealer in the used market is carvana but even them I think they are sketchy, selling wrecked cars that were fixed. Even car max sells off loan rentals that have high miles cheaper but you get what you pay for. I am one owner
 

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Dealers sell them for 38K here if the milage is low.
All the GMs are in bed together and have created a high demand by not taking deposits, not selling at msrp, marking it up 4k on 2019s.
So yes in my zip code people are lining up to buy a 2018 with low miles for 35 to 37k.
Also we only have one corporate dealer in the state and heard they sell at msrp but force you to buy accessories up to 2k more. Not sure how you dont understand supply and demand. Some people especially in a large military state that have money and dont care.. trust me I know I was in the military.. The only dealer in the used market is carvana but even them I think they are sketchy, selling wrecked cars that were fixed. Even car max sells off loan rentals that have high miles cheaper but you get what you pay for. I am one owner
Not sure your numbers are correct but since I live in the same zip code (or county), I hope so.
 

CTRHONDATA

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Not sure your numbers are correct but since I live in the same zip code (or county), I hope so.
35k is fair value for a 2018 with under 10k miles trade in but most dealers give 32k and they sell the used ones for 35-38k..... ,kbb.com 37.9k is private party
 

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Wow, used prices are elevated with supplies dwindling. Best to time to sell between now and June (when new models arrive in numbers). Can actually make money on low-mileage ‘19s.
 


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35k is fair value for a 2018 with under 10k miles trade in but most dealers give 32k and they sell the used ones for 35-38k..... ,kbb.com 37.9k is private party
Humm kbb trade in for 10k miles, very good condition is 32.5k. PP is 35.3k. :dunno:
 

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oh I rated mine at excellent so that is pretty good then for very good and trade.
Note that kbb says only 3% of cars get an excellent rating.

So all in ~6k (MSRP, trade, dealer fees) for getting a 2020 seems pretty reasonable. You said no tax but, in CO, tax would only be on the difference between the trade and new car.
 

CTRHONDATA

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Note that kbb says only 3% of cars get an excellent rating.

So all in ~6k (MSRP, trade, dealer fees) for getting a 2020 seems pretty reasonable. You said no tax but, in CO, tax would only be on the difference between the trade and new car.
out the door would be about 42k so yeah I dont mind reseting my loan to a 6 year at 2.75%. If it will save me having to buy tires , brake fluid flush, alignment. I will play the market this spring and maybe I will look into the model y. Although I think we will see premium gas in the low 2.00 gallon here soon so that might not be a good option. I hope we see something soon what we expect to see with the 11th gen civics when it comes to electric motors powering the rear
 


 


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