What's my car worth? Waffling on lease end options...

Old 12-29-2007, 10:10 AM
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What's my car worth? Waffling on lease end options...

My lease is officially up in 30 days on my 2004 TSX. I've tossed around the idea of purchasing it to sell, but the ease of turning it in is quite appealing. I'm just worried I'll be throwing several thousand dollars away if I do so. Anyway....

2004 SSM/black, 6MT, no nav. Only 27,800 miles.

I have babied the car and it shows. I've always used all-weather mats (the originals are in the trunk.) The backseat has had passengers three times in 38 months. I have meticulously maintained the paint including machine polishing with a random orbital. There are a couple of scuffs on the rims and small scratch on the trunklid where I put the garage door down on it New brake pads and resurfaced rotors. Has required nothing else except oil changes and gas.

I've ran the Kelly Blue Book, but I'd like to hear some real world thoughts on what my car might fetch. eBay motors has not been helpful as most 2004s have twice the mileage mine does.

Thanks!
Old 12-29-2007, 12:32 PM
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Originally Posted by MSO4gtt
My lease is officially up in 30 days on my 2004 TSX. I've tossed around the idea of purchasing it to sell, but the ease of turning it in is quite appealing. I'm just worried I'll be throwing several thousand dollars away if I do so. Anyway....

2004 SSM/black, 6MT, no nav. Only 27,800 miles.

I have babied the car and it shows. I've always used all-weather mats (the originals are in the trunk.) The backseat has had passengers three times in 38 months. I have meticulously maintained the paint including machine polishing with a random orbital. There are a couple of scuffs on the rims and small scratch on the trunklid where I put the garage door down on it New brake pads and resurfaced rotors. Has required nothing else except oil changes and gas.

I've ran the Kelly Blue Book, but I'd like to hear some real world thoughts on what my car might fetch. eBay motors has not been helpful as most 2004s have twice the mileage mine does.

Thanks!
Sounds like a dealers' dream with that low mileage; an 04 they could actually certify (maybe) even though it's 4 years old. That said, I think it would be hit or miss on a private sale (and sorry, but the MT doesn't help). You may find someone that would pay more for the low mileage, but chances are if you asked a little more you'd bump up against 05's that might have more mileage but are a year newer, might still have warranty, and certainly have less baggage (the numerous model year 04 issues that a savy buyer would be aware of). I'd vote for dropping it off at lease end and taking some solice in knowing that someone will get one of the nicer 04's out there (and let the dealer worry about moving it).
Old 12-29-2007, 01:29 PM
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Good points. Thanks for the input.

The simplicity of turning the car in is tough to resist. My lease buyout is only about $15.5K if I recall. Seems like I could get $18K for the car if I tried. So basically I'm leaving $2500 or so on the table. Kind of sucks! Oh well.
Old 12-29-2007, 01:53 PM
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Tough call. Nice that it's low miles, but as Simba said, the MT could be a problem.
Old 12-29-2007, 02:21 PM
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You should just try posting it on Craiglist for $18000 or so and if you don't sell it just turn the car in. It doesn't hurt to try.
Old 12-29-2007, 04:56 PM
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Originally Posted by JeffGSR
You should just try posting it on Craiglist for $18000 or so and if you don't sell it just turn the car in. It doesn't hurt to try.
This is a good point. It's easy to do and you'll know fairly soon if there's buyer interest (and it's free).
Old 12-30-2007, 11:18 AM
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I'd buy it ou and try to sell it. Local dealer has a CPO 2004 with AT 29,000 miles, listed at $23,495. Yours will sell for less due to the MT and the premium paid for CPO, but you can definately turn around and make $2500 or $3000 on your car.
Old 12-30-2007, 04:33 PM
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What are you going to get to accompany your BMW M now?
Old 12-31-2007, 06:01 AM
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Originally Posted by 04EuroAccordTsx
What are you going to get to accompany your BMW M now?
I bought my wife a new Range Rover, so I'm going BMW only for awhile. We have a Grand Cherokee I can drive on inclement days.
Old 01-06-2008, 10:21 AM
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Originally Posted by MSO4gtt
I bought my wife a new Range Rover, so I'm going BMW only for awhile. We have a Grand Cherokee I can drive on inclement days.
So let me get this straight... you have a Range Rover, a BMW M3, a spare Grand Cherokee, and you're worrying about whether you're gonig to save a couple of grand on the TSX?

Looks to me like you don't have much to worry about, just give it to the dealer and save yourself the stress and time.
Old 01-07-2008, 02:10 PM
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Originally Posted by Icculus
So let me get this straight... you have a Range Rover, a BMW M3, a spare Grand Cherokee, and you're worrying about whether you're gonig to save a couple of grand on the TSX?

Looks to me like you don't have much to worry about, just give it to the dealer and save yourself the stress and time.
Hey, you can't blame a guy for trying to save some money, can you? And it's a z4M coupe, not an M3
Old 01-07-2008, 03:49 PM
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Originally Posted by MSO4gtt
Hey, you can't blame a guy for trying to save some money, can you? And it's a z4M coupe, not an M3
Hehe good point, my bad . I tend to be a bit frugal myself. I hope I can have any one of those cars some day though.
Old 01-09-2008, 04:30 PM
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Well, she's gone! Hated to see her go, but I turned her in today. Very nice car that never gave me any trouble. It ran as well today as the day I brought it home.

I'm sure I'll still frequent the car talk forum here. Thanks to all who answered questions and helped me with my TSX. If Honda ever makes a reasonably exciting car I may return to the fold
Old 01-09-2008, 07:47 PM
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Originally Posted by MSO4gtt
I bought my wife a new Range Rover, so I'm going BMW only for awhile. We have a Grand Cherokee I can drive on inclement days.
wow man, dare i ask how much your car insurance is? dang man, nice Range Rover though
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