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Used Cars/Honda Odyssey Purchase

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Question
We are looking at used minivan purchase.  We are in Kentucky.  Our price range is 14k or under.  We have settled in on the Honda Odyssey. This put us in the 50k-60k mile range and '05-'06 model range.  Is this a wise purchase?  Any other minivan suggestions?  Also it seems to help if I widen the search to a long distance purchase.  Any advice on that?

Answer
Hi Jesse,

You should be able to get a newer Honda Odyssey than an 05/06 and should be able to get an 07 08 EX for the amount of money you're talking about...

Personally I think that Chrysler makes a great minivan (Town and Country) they have the Sto and Go feature as well as all of the normal comforts of home AND they are incredibly affordable. You could drive a 2010 or 11 Town & Country for the same amount of money as the Honda. My personal opinion is that while Honda's might be cool looking and have branded themselves very successfully as the brand to own... I don't think the premium you pay for them is anywhere near any perceived additional value you might receive. Take a look around and get back to me and let me know if you have any additional questions I am with you all the way on this until you are completely satisfied with the answers and can give me those perfect survey scores. If you find a van that you are serious about send me a link and I will tell you what I think

Thanks for your question

Roger,

Here is my personal email roadloans@gmail.com

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Roger Alvey

Expertise

I can answer any question about the car buying process. I am a recognized industry expert on all issues regarding auto finance, including sub prime and buy here pay here financing, I can answer questions about car lock out systems, GPS monitoring by your bank, and about auto recovery methods and defenses. I am a 20 yr car industry expert and can tell you what to look for in a used car, how to negotiate the deal, help with how to market your own car, and how to negotiate with the internet department of any car store. I can tell you every single way the dealer is set up to beat you and how to avoid those traps, I can discuss all aftermarket and extended service contract products you will be offered in the finance process, I have lectured extensively on "The Best Way to Buy a Car" to civic groups and university students. I am a credit expert and can tell you what the dealer and banks are looking for and the rate you can expect to pay. CHECK OUT MY WEBSITE AT http://thecarguyz.wordpress.com/

Experience

20 years industry experience in top management of dealerships and dealer groups. Recognized industry expert since 2004 in the Top 10 industry experts for The Gerson Lehrman Groups Auto Industry Council. I also do consulting work for Experts360, Atheneum Partners, Expert Connect and Coleman Research. I have been a franchise owner and understand all facets of the auto industry from the time the car leaves the factory until it leaves the lot with it's new owner. I have written training materials for both the prime and the subprime sales and finance process.

Organizations
NADA, OADA, NFIB, State Certified Used Car Appraiser

Publications
Special Finance Insider, Dealer, and Automotive News, Gerson Lehrman Group Auto Industry Council News (frequently, various industry websites and blogs including my own blog at http://thecarguyz.wordpress.com/

Education/Credentials
Willamette University - Salem Oregon BA Economics Willamette University Graduate School of Business - Econometrics Statistics

Awards and Honors
GM's Award of (their most prestigious award) Given to Dealers who surpass their annual benchmark planning volume while also maintaining Top Box (top 5%) CSI

Past/Present Clients
Citadel Investment Group , Summit Partners US ,Broad Peak Investment Management, Nautic Partners, LLC, Hellman & Friedman Investors, L.P. and over 40 additional money managers, hedge funds and research groups

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