1st gen Honda Fit is a good car, but I think 07 is the first model year in Canada. The $9k - $10k figure by itself is a little meaningless because trim level, mileage and condition of the car needs to be taken into account as well. You can find out the dealer trade-in value of cars from:
http://www.canadianblackbook.com/black-book-values
The thing with Honda engines is that they are generally very well built. As long as proper regular maintenance has been performed, I really wouldn't worry about the mileage on the car at all. They can easily keep chugging along until at least the 250k km mark, if not 300k. On the other hand, Hondas don't generally have the most reliable automatic transmission, and their auto trannies will tend to start slipping and die long before the engine gives up. The Fit has a timing chain instead of a belt, so you wouldn't have to worry about changing it out (unless it stretches too much).
Personally, I'm big on keeping up with preventive maintenance, and I would very much prefer to go with a car where the owner has kept full service record (ie. paper service reports from dealership, owner's own records, etc.). That way, I'll know the full service history of the car, and can better decide what kind of preventive maintenance services are needed.
The thing is, manufacturer's recommended service schedule is only a guideline, so it may or may not be applicable to the car's actual usage. (eg. If you do a lot of short trips, the manufacturer's recommended 8000km OCI is not good enough.) Also, certain maintenance items are either listed with too long an interval, or is not listed in the service schedule at all even though they are absolutely mandatory. (eg. Brake fluid replacement is not listed at all in some service schedules, or is listed to have a replacement interval of 3 years -- a better recommendation is at least once every 2 years, or better still, when you start noticing the brakes are getting mushy before the 2 year period).
Because of Honda's typical automatic transmission reliability, I would at least do an ATF change on the car unless one has been done recently. Other fluid changes might also be necessary.
When you keep the car in good shape, it'll not only give up a better drive. When the time comes to sell it, you'd also have a much easier time finding an interested buyer because the car will just drive right.
-Lik |