HollywoodTSX

It seems that TSX sales prices are dropping rapidly. I couldn't resist and just bought at $27200 w/ NAV and I'm sure other got better than that. Are supplise too high? If so will they be forced to do rebates or other incentives that will further lower resale values?

iamhomin

What a great deal. Was it a demo? How much miles did it have?

Alin10123

Yea... that's actually a very killer deal.
Yes... lower selilng price = lower resale value.
That's also another reason why the American cars tend not to hold their value so well especially when they are bought new. It's because they usualyl heavily discount the majority of the models. Not only flooding the market, but also bringing the value way down as it's driven off the lot since they already got a huge discoutn on it.

sccpu3d

Is that a '05? or demo vehicle o.O? its kinda like 500 below invoice =/ Most dealers usually don't take 500 dollar hits per vehicle unless its last year's.

HollywoodTSX

No it's a 2006. Most people don't know there's a holdback of about $900. If you know that going in, and they have the inventory, and it's the end of the month and they're trying to meet their sales goals, well, that's how you get the best deal.

HollywoodTSX

I do want to add though that I spoke with TWO area dealers, the first offered me $27,400 and the second $27,200. I can only assume others are getting that or better right?

Gooker1

Hollywood TSX - Which dealerships in LA?

CGTSX2004

iTrader: (1)

I wouldn't worry too much considering that my 04 w/ 31,500 miles was traded in for a hair under $20k and will probably sell to someone for around $22.5k as a CPO from a dealer. The TSX has held it's value very well considering that my car was purchased back in May of 2003.

TSXRev

When i bought mine it was november 2004 at the end of the month...got mine for $27,200 and he threw in the front underbody spoiler....i regret not getting the whole kit but still looks good.

IlliNorge

I'm willing to bet all these great deals in SoCal are on 5AT's. It seems Acura has recently flooded the market with 5AT's, while leaving the 6MT's as scarce as water in a desert. It is virtually impossible to get a 6MT at anything close to those prices, especially if you have to order.

kyotousa

Calil always get better deal.....
I had to wait for 1 month to make my purchase...i got it for like 25,800 for non nav so...that sux

bradykp

I'd love to know the full details of hollywood's deal. a dealer offering it for 400-700 below invoice is pretty crazy (even knowing about dealer holdback, which almost never enters negotiations).

GIBSON6594

Maybe i'm not understanding the question, but resale is a percentage of residual value of the car. The value after a certain amount of time doesn't really how that much to do with the original price.

Ex. $50,000 Audi A6 after 3 years=$31,000
$50,000 M3 after 3 years=$43,000

Obviously the lower the price of the car, the lower the resale price, but the price itself doesn't affect depreciation.

bradykp

It certainly does. If people do their research, and find out everyone paid $27,000 for a car instead of the $30,000 MSRP....a year from now, you're not going to be able to get as much for the car. I think it's a pretty simple concept. If you tried to sell me a car for $25,000 that you paid $30,000 for, i'd be more willing to pay 25,000 rather than if i knew you paid $27,000 for it. then i'd negotiate more.....

IlliNorge

Now that I've purchased my car, I don't want any more made and I don't want the price to come down one cent.

GIBSON6594

Your comparing sale price to value. Every car has a value and a price they actually sell for. The two are usually different numbers..

What you said, while maybe true, is based on the assumption that (a) people will do research and (b) people will negotiate.

bradykp

and this is a horrible assumption when it comes to buying cars?

GIBSON6594

No, it's not. That's why I said your statement may be true.

It's just not a law/rule that high or lower original cost will directly affect resale value.

bradykp

of course not. but it's pretty close. if the TSX isn't holding it's value at initial sale, i think it'd drop easier after that. originally, i figured if i'm on the low end of the buying prices, i just save some of the initial depreciation. but if everyone is buying at 28,000 or even 27,000, the depreciation starting point would be lower in my opinion.

but who knows!

ninjamyst

Lower resale will only happen if the deals are nationwide (like incentives and rebates). If this is a localized deal, sort of like a YMMV deal, than I don't think it will affect resale value at all. However, if all Acura dealers start lowering their prices for this year or next..etc, then it sucks for everyone that paid over invoice for the car.

bradykp

i agree with the above stated wisdom.

joerockt

That IS a great price. I got my 2004 navi for 27,100. That was in May of 04, so do get the deal you go so early in the year is fantastic...

joerockt

I really dont think you can base your offer of a used car on what the buyer orginally purchased it for. If the MSRP of a new car was $29,035 then thats all you have to go on. Im certainly not going to show a potential buyer what I paid orginally for a car I have for sale, nor do I expect someone to show me. KBB gives you a pretty good starting point. You could argue till your blue in the face with someone who paid 27K, for a 29K car, but bottom line, its still going to be based off the MSRP.

You cant just base pricing off of our little microcosm here. Most of the members are savvy enough and do the research to get a good deal. Not everyone in the world does this...

bradykp

true, but hollywood's statements say the dealer offered it to him for 27,400, then another undercut that at 27,200.

if i go on admonds and get the TMV price...it tells me what people are paying for the car on average....which, if i were buying a used car, i'd base my pricing on that.

i'm sure not all cars depreciate from MSRP. think of all the cars with very high msrp's but have deep discounts associated with them, that affects the resale.

obviously, a few people getting great deals on the TSX won't hurt the big picture, but if it's a sign of things to come....and it happens on a larger scale, it could. not to mention hurt the value of the 2005s and 2004s.

joerockt

Well, guess what, the TMV for an 06 Navi 6MT is $29,762. And their TMV for my 04 Navi 6MT with 15K miles is $24,034 and KBB shows $25,065.

So, your pretty much right back where you started.

bradykp

well that's a good sign then

i'm just saying, in theory, i'd be worried if TSX's were selling at invoice across the board. I still have no idea how long we'll kep the car, somewhere between 3-5 years. but we're sure going to drive the heck out of it. 2400 miles in 6 weeks already!

joerockt

But it is different here on teh Acurazine since we all rUlzORs oN teH iTaRWeB and get great deals like alls us Big Ballaz should

Motohip

lol. The dealers in my area are stupid!

http://autotrader.com/fyc/vdp.jsp?ca...g=en&cardist=2

bradykp

if by some chance he get's that price.....who's the stupid one. hahahahaha

Dirk Diggs

https://acurazine.com/forums/showthread.php?t=28105

I posted in this thread on what TSXs are doing at dealer auctions. It looks like these cars have great resale values.


Diggs

JerseyGlocker

It must be something with California. I went on carsdirect.com and the price of a TSX in SO Cal was MUCH lower than the cost of a TSX on carsdirect here in New Jersey.

HollywoodTSX

I'd encourage anyone shopping to run a report on Consumer Reports and then email a few dealers what you're willing to pay. If they have the inventory, and you time it right, you can probably do better than I did.

I want to add that there was ZERO negotiation involved in getting that price. The first dealer offered it vial email, and the second dealer said if I had it in writing he'd beat it "by a couple hundred". He never asked to see the other offer but did sell for $27,200 with no other deal fees.

I'm not going to mention the dealers as a courtesy... as they told me "we'll just make it up on the next guy".

HollywoodTSX

Don't think so. 17 miles. (too many!)

Gooker1

I understand that you want to be friendly w/ the dealership, but you can also help the others in the SoCal area too.

How bout this - which dealer ship offered the second best price. I am working w/ the dealership in Glendale, so any help would be appreciated

joerockt

Woah, thats too weird. That exactly what I tell them!

HollywoodTSX

If you can wait, try buying at the end of the month (too late today I think). Email them an offer, tell them you'll buy that day and have no trade and your own financing. I really don't think it matters which dealer go to if they have the inventory.

Hint: Consider "the largest Acura dealer in the nation"... or do they all claim that?

bradykp

i think it matters to a point, and in my opinion, part of te benefit of this message board is sharing information. my dealership mentioned a referral credit and as far as i know, most dealers welcome free advertising. and trust me, they have plenty of oppportunities to "make it up on the next guy"

Gooker1

Thanks for the tip! Much appreciated!!

Zoopa

Don't know if I'm not following you exactly, but I believe, the selling price of the car does effect the resale. This is evident in most American cars which tend to lose 50% of their value in two-years. Cadillac sedans, reasonably similar to a luxury sedan like the A6 example above lose their value in an even more dramatic drop.

joerockt

Maybe with other cars, but the TSX is holding its value extremely well. Many of us 04 drivers got great deals when we bought, but that hasnt affected the resale value of this car. Check a few posts up, my 04 with 15K miles is still worth 24-25K.

No doubt, if GM was selling cars last year at employee discounts, the value of those cars will drop signifincatly. Since Honda dosent do this, values still remain high...