Does being a CPO negate some depreciation?

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Old 11-05-2008, 10:23 PM
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Does being a CPO negate some depreciation?

I'm looking at the 2008 base TSX's, and the prices seem a little off to me. The models I am looking at are certified pre-owned, auto tranny, no NAV, and about 10k miles. They are all asking $25k.

assuming that invoice was ~$28k, first year depreciation is ~$7k (per yahoo), and the 2008 is the last year of the body style, I think a fair price would be around $20k. does the fact that they are certified negate some of this devaluation, or do I have a reasonable estimate of how much they should go for?
Old 11-05-2008, 10:28 PM
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the car shouldn't depreciate that much as long as it has low miles. 25k is a good price for an '08 with less than 10k miles.
Old 11-06-2008, 07:02 AM
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That's not horrible. I got mine CPO right when the 09s came out. It had never been titled, had 3200 miles on it. 08 CGP/Quartz non navi 5AT. After much negociating and walking away and coming back, I got it for 24k before tax (25.4k after tax, tag, etc.) Original sticker on an 08 non navi was 29,800. Dealer invoice was of course less.
Old 11-06-2008, 08:26 AM
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LOL, you will never get an '08 for $20k right now. These cars don't depreciate like that.

And yes, CPOs are a little higher.
Old 11-06-2008, 07:41 PM
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yeah, after looking around, I can see how that was a little unreasonable. they really are sexy cars, though. I'll see what kind of magic I can work.
Old 11-06-2008, 10:17 PM
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Remember this is an Acura, and not a Kia our cars don't depreciate that much even in 2 years or 5 years. You might be able to find an '08 with more than 20k+ miles for 20k but anything 10k miles and under i doubt you will be able to find one for 20k or less.
Old 11-07-2008, 05:55 AM
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Exactly, Acuras don't really depreciate. When I was in the buying process, I remember seeing TSXs with 25K miles and 60K miles that were not even $2000 apart.
Old 11-07-2008, 07:05 AM
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I got my CPO which had never been titled before with 6,900 miles for $22,900
Old 11-07-2008, 07:11 AM
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Originally Posted by miked8887
Exactly, Acuras don't really depreciate. When I was in the buying process, I remember seeing TSXs with 25K miles and 60K miles that were not even $2000 apart.
I hope that is true if I sell my 06 next year.
Old 11-07-2008, 12:50 PM
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that sounds like a solid deal, TS_eXpeed. I think I'm going to test drive a couple today.
Old 11-08-2008, 02:41 AM
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Originally Posted by gab2409
I'm looking at the 2008 base TSX's, and the prices seem a little off to me. The models I am looking at are certified pre-owned, auto tranny, no NAV, and about 10k miles. They are all asking $25k.

assuming that invoice was ~$28k, first year depreciation is ~$7k (per yahoo), and the 2008 is the last year of the body style, I think a fair price would be around $20k. does the fact that they are certified negate some of this devaluation, or do I have a reasonable estimate of how much they should go for?
TSX price also depends on exterior and interior color combination. Premium white pearl and Blue pearl command higher price than Sliver or Carbon Gray Pearl. even the Greenish is rare color. Milano red is not pearl paint. It costs almost $800 less in Euro Accord configuration. In US auto transmission and free pearl paint is free luxury. TSX is not Accord/Civic. Even those dont deperciate that much.
Old 11-08-2008, 02:11 PM
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tsx dont depreciate fast like other cars. It is one of the best in the car market.
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