Ok, the car is a 1998 Acura CL 2.3 stickshift. I just bought the Edutile 2004 Complete Price Guide (Canadian), the one that's available at major bookstores. There's other books, but that's another story. I couldn't believe the depreciation listed for this car, with or without the 24,000 km a year kilometerage adjustment:

2003 book: $17725 (I paid $18000 plus 7% tax from a dealer, not a bad deal for a Honda in this town)
2004 book: $12590 (I've put 19,000 km on it in ten months, about average)

Isn't this a bit unusual for a Honda, or any domestic for that matter? As a comparison a 1999 Accord EX 4 cyl. 2 door only lost $600 in one year. Does nobody want this car?

Daniel

 

It's kinda sad our cars arent worth shit for resale. Thats why I'm keeping mine.

 

seems they are dropping faster since they announced no more cls were going to be produced

 

I dunno about the Accord dropping only $600. My buddy's 2000 I4 2dr EX dropped 4K.

 

same here


however the market sucks for nearly everything out there these days. It's a buyers market, not a sellers

 

Yup keeping mine also. If i sold it i'd loose $$.

 

I got it new

 

What the hell is a Kilometer....J/K

 

aww come on its a 6+ year old car.

Lexus's 3 year retail depreciation rate value from sticker price is 52.4% from 2001-2003

acura's avg. depreciation rate retail value was 52.2%
so for a car that was originally 22-24000 brand new ( US dollars ) I'd say its hanging in there pretty strongly............buyers market or not

 

I went through the local Auto Trader as soon as it came out, and it seems that the going rates on these cars aren't as bad as I thought in this town (I only found one CL but Accords/Preludes as well). I didn't see how our car should be worth less than an Accord EX, or something. I was thinking 1st Gen CL was a slow seller, and now nobody wants it. Integras seem to be more of a prize horse, I think it's because Calgary has quite a young population.

Daniel