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How much is my 300K mile Sport worth?

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Old May 18, 2011 | 08:36 PM
  #1  
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How much is my 300K mile Sport worth?

This car is frankly starting to bother me with its dependability.
I was hoping it would start to get tired by now so I could have an excuse to get the 2012 when it comes out, but this car seems to have become aware of my plan. It has 287K miles on it, and I've done nothing but regular maintenance for the last 50K. The suspension is still stiff, the engine is as strong as ever.
Even the tires seem to be lasting longer. The current set of Yokahamas is 60K miles deep and still have plenty of life.
So, my quandary. Given the premium being paid for used cars due to the low inventory, it seems like it might be a good time to cut her loose and let someone else do the next 300K. I'm hoping the 2012 Fit will be available within a few months.
What the hell do I ask for a 300K mile Blaze Orange Fit Sport 5-speed that is mechanically freakishly sound? I know I should keep it, but I really am just getting tired of driving the crap out of the same car for so long.
 
Old May 18, 2011 | 11:38 PM
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Are you looking to sell privately or trade? Privately, 6-7k would be a fair asking price. You'll recieve way less from a dealer trade-in, <4k.
 
Old May 19, 2011 | 01:05 AM
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Oh yeah I would never trade to a dealer. $6-7k would be pretty sweet considering I'd counted on $2-3 tops at this point.
Last car I sold was a '99 VW Jetta TDI with 315K miles. Got $5700 for it. I've been having pretty good luck with resale values.

Originally Posted by 403tech
Are you looking to sell privately or trade? Privately, 6-7k would be a fair asking price. You'll recieve way less from a dealer trade-in, <4k.
 
Old May 19, 2011 | 02:05 AM
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Cut her loose and get a 2011 v6 mustang. DO EEET!
 
Old May 19, 2011 | 03:26 AM
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Originally Posted by 403tech
Are you looking to sell privately or trade? Privately, 6-7k would be a fair asking price. You'll recieve way less from a dealer trade-in, <4k.
Who's gonna pay $6k-$7k for 290k miles? People are asking ~$9k for Fits with ~40k-70k miles.

And a dealer won't even take it on a trade with that many miles.
 

Last edited by FollowingNFront; May 19, 2011 at 03:48 AM.
Old May 19, 2011 | 08:20 AM
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i agree, i think trading it in would be tough. i wouldnt expect over $4500 for it. that is a crap load of miles!

personally, i would keep it as a second car. it wouldnt be worth giving up for less than $6000 if it is in the state it is in now.

build a race car out of it?
 
Old May 19, 2011 | 08:37 AM
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Originally Posted by Lyon[Nightroad]
Cut her loose and get a 2011 v6 mustang. DO EEET!
Those glass transmissions sure are popular these days.

Keep the 300k-mile Fit. Why tack on payments when you have no reason?
 
Old May 19, 2011 | 10:05 PM
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I'd pay ya 2k for it and because it's a Fit I'll fly down & drive it back to Va. Beach
Big Mike
 
Old May 19, 2011 | 10:19 PM
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I'd like to see a pic of the odometer reading....
 
Old May 19, 2011 | 10:25 PM
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I'd like to see some pix of a 300K Fit
Big Mike
 
Old May 21, 2011 | 02:45 PM
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I think you'd get $4K out of it at the most if you were VERY patient. Otherwise, $3K if you wanted to sell it within 30 days.

Zippy chance of getting anywhere near $7K for a car with 300,000 miles on it - average mileage cars are selling for $9K now.

Honestly, if I were in your shoes I'd drive the car until it literally gives you a reason to no drive it any longer (engine failure, transmission failure, etc.). Start saving money now so that when that day does come, and come it will, you'll be in an ever better financial position to buy a new car than you are today.

BTW, thanks for the awesome news that a well cared for FIT can exceed 300,000 miles of use!
 
Old May 21, 2011 | 07:06 PM
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Wink

YA! like KyleB said it is good to know that a GD3 will run like the EverReady Bunny.
I just turned over 32K on mine and I'm 51 so 300K hummmm, AxB+% of Y= holy cow 7/2018 I'll just be start'n 2 getting old 68, before it's 300K . Looks like I'll be modd'n for a while yet! lol.
Big Mike
 

Last edited by Perrenoud Fit; May 21, 2011 at 07:08 PM.
Old May 21, 2011 | 07:58 PM
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How often do you change your oil and do you use synthetic or conventional?
 
Old May 21, 2011 | 09:40 PM
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Originally Posted by vinnymac
I'd like to see a pic of the odometer reading....
Still wait'n
 
Old May 21, 2011 | 11:50 PM
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Wow...well I would stick with the GD...watch you get the new Fit and it will be a lemon or something! Who knows...but the GD you have is just too good to just let go like that.
 
Old May 22, 2011 | 05:10 AM
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he's full of it....no pics and then he throws a 300k JETTA (!!!) into the mix...
 
Old May 23, 2011 | 10:41 PM
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Straight trade for a 1999 Integra with 120k miles is what you should do
 
Old May 29, 2011 | 04:31 PM
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First of all, I'm not sure what kind of idiot would lie about the mileage on his car to impress some car geeks on a messageboard. Here's a pic.
Secondly, you people seem to have no understanding of the current state of the used car market. I posted the car on Craigslist yesterday morning for $5700, and took it down after getting 2 offers for that price, and one for $6K, sight unseen, cash, for immediate delivery.
I lucked out and found a 2004 Prius with 155K for $6500, so I'm buying that. The owner needs to keep it for a few more weeks before she moves, so I'm delaying the sale of the Fit.
As for maintenance, I changed the oil with Mobil1 0W-20 every 7K, and ran HKS exhaust and K&N Typhoon intake for its entire life. Really I'm just selling it because a). I'm bored with it, and b). I can save $50 a week on gas with the Prius.
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Old May 29, 2011 | 04:32 PM
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I'd NEVER buy a high mileage prius, but that's just me
 
Old May 29, 2011 | 04:50 PM
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I understand partisanship as a Fit owner, but I'll refer you to this thread...
$1700 total maintenance cost over 300K miles, original battery pack and inverter. And that's just one of the stories.
Prius 300K Club.
One of my best friends is a certified Toyota mechanic. Refurbished battery packs go for $1K. Inverters are down to $500. And they go 300K easily without failing. It's a no-brainer.
I've logged over a million miles as an independent courier in Boston and Phoenix over the last 15 years. I have a pretty good sense of how to keep my overhead down. The Fit was good for bigger freight, but now I do mostly small parcels.
 



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