I am undecided about whether buying a used 2004 Honda Accord with 190k miles is a good idea. Honda has a reputation for reliability, but isn’t 190,000 miles already too much? The dealer’s price tag is $5,900 with dealer fees, without tax and title.
The car had only one owner. It is an EX model with a 2.4L I4. It got in a “disabling accident involving front collision with another vehicle” at about 40k miles, which might explain that the car is below its retail price. KBB values the car at $7,827 in excellent condition and Edmunds says $6,362 in clean condition. The car drives great. It shifts smoothly. The brakes are firm. The suspensions make the ride very comfortable. It looks like the owner took care of the vehicle. The inside looks like new. No odor. No vibrations. There are some scratches on the rear bumper. According to the Carfax, the car was maintained pretty regularly (especially in the 30k miles following the accident when it got a maintenance inspection every 5-6 months). It values the car at $670 above the retail book value.
However, 190,000 miles still sound extremely high to me. I haven’t had yet time to have the car inspected by a mechanic. What do you think of this deal? Would the car last an additional 50,000 miles? And will I be able to sell it with more than 200k on the odometer and an accident in the records?