01 CL-S Trade In Value Example
#1
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01 CL-S Trade In Value Example
So I'm washing the ride over the weekend, and a guy pulls into my driveway while I'm applying some wax. One of his friends told him about my car, so he stopped by. He used to own a CL but had to get rid of it a month ago because his job required a truck. (he was toting cans of paint and other hardware around in the CL)
anyway...
This guy was pretty cool. He had black on tan, 19" axis mod 7s, versus body kit, comptech headers, injen CAI, Straight Pipe, suspension mods, and greddy evo exhaust. At 48K miles, he ended up selling the car.. AS IS for 12,000! He had just put the 19s on so he asked how much could he get if he took everything off, and he was quoted 10K! Ouch, what a hit!
I know mods detract from resale value, but shouldn't we be able to get more than 10K for a bone stock CL-S with 50K miles?
What have people been quoted recently on trade in value?
anyway...
This guy was pretty cool. He had black on tan, 19" axis mod 7s, versus body kit, comptech headers, injen CAI, Straight Pipe, suspension mods, and greddy evo exhaust. At 48K miles, he ended up selling the car.. AS IS for 12,000! He had just put the 19s on so he asked how much could he get if he took everything off, and he was quoted 10K! Ouch, what a hit!
I know mods detract from resale value, but shouldn't we be able to get more than 10K for a bone stock CL-S with 50K miles?
What have people been quoted recently on trade in value?
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CL-S resales continue to fall like a rock, ive seen 2 near me (both 2001 with 50-60k miles, non navi, in mint shape) for about 13-15k, thats dealer lot prices...its really sad what happend to the CL-S and its trade values.
i guess its just a matter of a simple equation
poor sales + publicized transmission problems + model cancellation + "too little too late" 6 speed = awful trade-in/resale values.
im glad i got out when i did. and i look forward to my Audi A6 holding its value quite nicely. original sticker price on my car was approaching 50,000 dollars and therefore most of the depreciation has taken place.
i guess its just a matter of a simple equation
poor sales + publicized transmission problems + model cancellation + "too little too late" 6 speed = awful trade-in/resale values.
im glad i got out when i did. and i look forward to my Audi A6 holding its value quite nicely. original sticker price on my car was approaching 50,000 dollars and therefore most of the depreciation has taken place.
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Originally posted by jimcol711
CL-S resales continue to fall like a rock, ive seen 2 near me (both 2001 with 50-60k miles, non navi, in mint shape) for about 13-15k, thats dealer lot prices...
CL-S resales continue to fall like a rock, ive seen 2 near me (both 2001 with 50-60k miles, non navi, in mint shape) for about 13-15k, thats dealer lot prices...
#7
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They gave me 18K for mine, had 30K on it, this was last July. ![Frown](https://acurazine.com/forums/images/smilies/frown.gif)
Let me elaborate, that was what my Infiniti dealer offered me...just to pay off what I owed. My CLS, as most of you know, was wrecked, so my body shop guy cut me a check for 6400 bucks on top of the 12K I got from insurance to fix it...the same that I would have gotten if I would have traded it in.
![Frown](https://acurazine.com/forums/images/smilies/frown.gif)
Let me elaborate, that was what my Infiniti dealer offered me...just to pay off what I owed. My CLS, as most of you know, was wrecked, so my body shop guy cut me a check for 6400 bucks on top of the 12K I got from insurance to fix it...the same that I would have gotten if I would have traded it in.
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#11
Cajun Gumbo Man
I bought a new 03 MDX last August for 41,500K. I checked a couple of weeks ago what the value was with 8,000 miles in mint condition:
$41,000.00
LMAO........
I still LOVE my CLS and plan on keeping it for a long time.......
$41,000.00
LMAO........
I still LOVE my CLS and plan on keeping it for a long time.......
#14
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he knows he got raped, but he was in a crunch to get the truck really fast. he aws almost ashamed to say what he got for it.
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Originally posted by darrinb
damn that guy got raped, got any pics of his ride
damn that guy got raped, got any pics of his ride
#18
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value
I got 01 CLS Certified from a Acura Dealer, in excellent condition 10/10, 4 new rims and pilot tires, 26000 miles ( 30K service done) On a monday morining i was able to get them down to $17500, on the bases i made a down payment of $7000. The sticker price was $23,000.
so who ever traded in this CL that i own probably got no more then 14K
I hate to say it but in the next 2-4 this car will be worth nothing
what really hurts this car is the tranny issue, trading in a high mileage TL/CL dont expect to get alot.
So 10K sounds low, but remember a 01 CL-S with 50K retails for around 15K, so the dealership has to have some protection so he can make a profit( as i'm sure u know)
It sucks I know ............
so who ever traded in this CL that i own probably got no more then 14K
I hate to say it but in the next 2-4 this car will be worth nothing
what really hurts this car is the tranny issue, trading in a high mileage TL/CL dont expect to get alot.
So 10K sounds low, but remember a 01 CL-S with 50K retails for around 15K, so the dealership has to have some protection so he can make a profit( as i'm sure u know)
It sucks I know ............
#20
Pro
IMHO, my 2001 CL-S, which cost me $29,400 in Aug of 2000 was more car than anything else that cost $35,000 at the time. 260 hp loaded with every option included that was important. A BMW loaded with all the CL options and with a comparable hp engine was $38,000.
So I was $6-10,000 ahead starting off. It was the best deal at the time by far. Keep it for 7-10 years and it won't matter. Nothing is worse very much after 7 years anyway.
So I was $6-10,000 ahead starting off. It was the best deal at the time by far. Keep it for 7-10 years and it won't matter. Nothing is worse very much after 7 years anyway.
#23
Drifting
Originally posted by louisn
IMHO, my 2001 CL-S, which cost me $29,400 in Aug of 2000 was more car than anything else that cost $35,000 at the time. 260 hp loaded with every option included that was important. A BMW loaded with all the CL options and with a comparable hp engine was $38,000.
So I was $6-10,000 ahead starting off. It was the best deal at the time by far. Keep it for 7-10 years and it won't matter. Nothing is worse very much after 7 years anyway.
IMHO, my 2001 CL-S, which cost me $29,400 in Aug of 2000 was more car than anything else that cost $35,000 at the time. 260 hp loaded with every option included that was important. A BMW loaded with all the CL options and with a comparable hp engine was $38,000.
So I was $6-10,000 ahead starting off. It was the best deal at the time by far. Keep it for 7-10 years and it won't matter. Nothing is worse very much after 7 years anyway.
#24
holy cow. i'm either bummed or ecstatic. i just took a test drive in a "bone stock" certified black/tan '03 CLS 6-speed w/ 20K miles the dealer wants $28K for. i thought it was about $5K too high. based on what i'm seeing here it sounds like its closer to $8K too high.
glad i passed.
glad i passed.
#26
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Originally posted by carquest
holy cow. i'm either bummed or ecstatic. i just took a test drive in a "bone stock" certified black/tan '03 CLS 6-speed w/ 20K miles the dealer wants $28K for. i thought it was about $5K too high. based on what i'm seeing here it sounds like its closer to $8K too high.
holy cow. i'm either bummed or ecstatic. i just took a test drive in a "bone stock" certified black/tan '03 CLS 6-speed w/ 20K miles the dealer wants $28K for. i thought it was about $5K too high. based on what i'm seeing here it sounds like its closer to $8K too high.
#29
I am still debating wether to dump out of it now while I can get something for it, or hold onto it for another 3 years. I definitely won't keep it past the extended warranty.
How are sales on the 04 TL, I thought someone said they were soft and dealing on them?
How are sales on the 04 TL, I thought someone said they were soft and dealing on them?
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