Resale value of TSX ?
#1
Resale value of TSX ?
Hi All,
I've seen alot of TSX for sale on the forum but most of them don't really have an update on whether it was sold and for how much. I was thinking about selling mine back due the amount of milage I'm putting on it. I have an auto artic blue non-navi that gets about 26K a year. Yeah I know, long commute to work. Instead of selling I just just might buy another really cheap car as my commuter, not sure yet.
But I was just wondering the resale value of my TSX. I called the dealer just to get a price quote of over the phone, he said 20K ,but I'm sure I can negotiate on that.
I've seen alot of TSX for sale on the forum but most of them don't really have an update on whether it was sold and for how much. I was thinking about selling mine back due the amount of milage I'm putting on it. I have an auto artic blue non-navi that gets about 26K a year. Yeah I know, long commute to work. Instead of selling I just just might buy another really cheap car as my commuter, not sure yet.
But I was just wondering the resale value of my TSX. I called the dealer just to get a price quote of over the phone, he said 20K ,but I'm sure I can negotiate on that.
#4
Race Director
Originally Posted by tsxhondatuner
its probly like $26k
![Crazy](https://acurazine.com/forums/images/smilies/crazy.gif)
People have paid less than that for a brand new one.
The dealer might not be too far off - you probably won't get more than $22K for it - unless you sell it yourself and even then not much more than that.
#5
Went through this depreciation exercise back on May 5, so adjust accordingly.....
The TSX invoice is $24,961 and obviously a dealer is not going to buy a used car from you for more than they can buy a new one from Acura!
I dusted off my MBA accounting textbook from (ahem) YEARS ago!
Using the "Sum of the Digits" depreciation method, and assuming a 10 year life and a $5000 salvage value, (10/55) x ($24,961-$5000) = $3629 first year depreciation. So $21,322.
Using the "declining balance" method, with the same assumptions, (1/10 x 2) x ($24,961)= $4992 first year depreciation. Or $19,968.
I'd guess the first estimate is closest to reality.
OCICBW, etc. etc.
I just tried KBB which now lists the TSX, and came up with $21,400 for my 9,000 mile 6M example. I'm still keeping my 150,000 mi. '98 Volvo as a "winter beater", not really to keep the miles off the TSX as much as for advantages like I don't really worry about driving it right behind a salt truck.
The TSX depreciation seems almost identical to the Accord's, retaining 82% of my actual transaction price. Which really isn't bad, the lion's share of a car's depreciation occurs in the first 2 years.
Originally Posted by bob shiftright
The TSX invoice is $24,961 and obviously a dealer is not going to buy a used car from you for more than they can buy a new one from Acura!
I dusted off my MBA accounting textbook from (ahem) YEARS ago!
Using the "Sum of the Digits" depreciation method, and assuming a 10 year life and a $5000 salvage value, (10/55) x ($24,961-$5000) = $3629 first year depreciation. So $21,322.
Using the "declining balance" method, with the same assumptions, (1/10 x 2) x ($24,961)= $4992 first year depreciation. Or $19,968.
I'd guess the first estimate is closest to reality.
OCICBW, etc. etc.
The TSX depreciation seems almost identical to the Accord's, retaining 82% of my actual transaction price. Which really isn't bad, the lion's share of a car's depreciation occurs in the first 2 years.
![](http://www.coeinc.org/images/autodeprec.h1.gif)
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#9
Originally Posted by iamhomin
The KBB is simply a guide that's relevant to the S&D in that area. That's why they ask for a zipcode. Correct me if I'm wrong.
![Big Grin](https://acurazine.com/forums/images/smilies/biggrin.gif)
#10
Race Director
Originally Posted by tsxhondatuner
i just checked my car and its kbb is $27441 and yes, used tsx's around here are all over $25k. (bay area)
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