We’ve been keeping an eye out for and , but nothing could prepare us for seeing what a North Carolina dealer wants for an ‘, a , and a .
The dealer in question is in Sanford, NC and they’re swinging for the fences on some cars they’ve deemed “classics.”
Say you’re in the market for a third generation Honda Prelude Si. If we look at we can see a the results of a few recent Prelude sales. with 30,000 miles sold for $11,000 back in August. An ’89 with a five speed manual and 65,000 miles sold for $21,000 . Insurer Hagerty says the average value for an ‘89 Prelude is $8,700, but this one looks to be in much better than average condition.
With those numbers as a partial guide, even considering the new/used car market is wild right now, you’d think a Prelude with just under 80,000 miles could sell in the low teens. Not at Sanford Honda.
The oldest, an ‘89, is clean. But is it clean enough that you’d pay $28k for it?
While the ‘89 is more of an established classic, the other Prelude is a 5th generation car from the final year of production, 2001. It has just 2,245 miles on it. For a 20-year-old car, that’s impressive. Kelly Blue Book has trade-in for a Prelude of this year, with the same options and mileage between $6,058 - $7,411. But this one is really nice, if not necessarily desirable. What do you think? I’d say $10,000 - $11,000 would be fairly reasonable.
Sanford is asking $49,000. Keep in mind this is a base Prelude with a four speed auto. It’s not even a Type-SH.
Want an old HD diesel pickup from the Big 3? Sanford Honda will happily oblige. As long as you’re willing to pay new pickup prices for 20+ year-old examples. A 2000 Dodge Ram 3500 Quad Cab with Cummins diesel and 78,000 miles on it has a value in the range of $11,000 - $14,000. Sanford is asking $42,720 for .
If you prefer a Ford, a 1996 Ford F-250 XL with a five-speed manual and diesel is going for $42,560.
Oddly, some of their vehicles appear to be right in line with market pricing. For instance, a listed as “coming soon,” has 67,730 miles on it, with a $28,500 list price that falls right in line with some that have sold .
But then again, there’s this 2005 Pontiac GTO. With just under 26,000 miles on it, KBB says it’s on the high end. Sandford wants $33,540.
I called the dealer to inquire on an explanation or rational reasoning behind these prices. Here’s what I got:
These are classic vehicles so that’s classic car pricing, sir.
The manager I spoke with said this with an underlying “Why are you asking?,” attitude in his voice.
At this stage, maybe they sell. We’ll see.