I had this URL for a while and I just found out they added resale value to the cars.

Check at this comparison. Is this true? BMW retains almost all its value while the CL and 350Z are 1/3 of its value down?


edit: Thanks zeroday; yes I meant 350Z

 

Yup. Discontiuned cars hold nill value. Might as well give away. Possibly the manual will be higher and be wanted by Honda enthusiasts in the future.

 

well he meant 350z since there is no 300z in that link, but those numbers make no sense. it gives no timeframe...accordind to that BMW's are appreciating investments. we all know this is far from the truth. btw the 350z and the g35 were rated among the highest resale value retainers in their segment. also, i have yet to see anyone prove a discontinued model automatically means lower resale.

 

well, my cousin just sold his 01 CL-S with 54K miles for $10k. I dunno if that is low?

 

Your kidding right ?
Was there a missing door or window or soemthing

 

That really sucks...but I'm not plannin to sell the CL anytime soon

 

infinity had always had a shitty resale value.

 

That's why I'll be keeping my CL 'til the doors fall off.

 

That car must have been in really bad shape or they fudged the numbers on what he traded it in on.
Like pretending to substantially discount the new car and they lowball the trade.

If not one of the above, he really got screwed.

Shawn S

 

The CL was not a big seller new, why whould it have an above average resale used?

Just find the sales numbers of the other 3 cars and compare to the CL.

 

I know with the G2 Legend Coupes, they were so expensive new that the used market on them was strong, plus they were also scarce. I traded in my 8 year old 95 Legend Coupe last year for almost $10,000, and that was to an Acura dealer. I think they had it listed for $12,999 and they told me they sold it in one day.
I think there will be a niche market for the CLS, and a little more demand for the scarcer 6 speed 03 version.

 

his price is low, but these cars can be found for under 13K. My buddy is going to the local auction tomorrow, I'll have him report some prices if any CL's go.

 

It's amazng how well the Legends have held their value

 

I agree.
I sold my 8-Year old 1991 5-Speed Coupe back in 2000 and got 11,500 bucks for it.
And it had 110,000 on the clock.

I still hold onto hope that some of this will hold true with the 6-Speed CL’s, but the Auto-Tranny problems are really killing the value of the whole car.
If I can’t sell mine for a decent price when the time comes, I guess it will just become my “winter beater”.

Shawn S

 

I am still believing that after the fifth year, the depreciation curve will flatten. So owners with a long term commitment with the CL can have good luck on trying to sell them after that point.

These last 3 years have been terrible for the auto industry; used car values had gone to hell due to huge incentives on the new ones plus the slow down economy. Do not forget the out of lease cars that are continuously being "dispossed" - thats how that term "certified preowned" comes into the market - to try to slow down the depreciation of the used cars.

So at this point, people who bought a CL need to keep them for some time. If we like to change cars every once in a while, we can attain to the "Lease or Die" concept, with high resale value cars.

I am leasing the CL; my original idea was to "try" and sell it before the maturity date and hopefuly get some extra cash after the payoff. Yes, 48 month lease with the idea of selling just over the 36th month. The original purchase price was around 28.5K on Jan 2003, the residual is 14.8k, just a tag under 50% of the value (yeah not that great).
The good thing about my lease was the "0 down" option. Now I am facing reality, and i will need to disposse it off at the fourth year. On the good side, I do enjoy my car with 3 pedals.

In contrast, The TL's have had some good resale values and I am aware of owners who sold it for higher than the residual value.

In any case, we will need to watch the market and "maybe" the 6-speeders can get more appreciation by enthusiats as some folks have expressed.

my 2 cents

 

The car had a few scratches on the bumper, but other than that...it was fine. Both the local Honda and Acura dealerships gave estimates at around $10k. Did he get screwed?

 

"had" being the operative word. Not anymore.

 

But remember the 95 legend Coupes retailed for $41-43k, $10k more than the CLS.
I only buy used cars, I won't pay for new car depreciation, makes no sense to me.
I got my used 03 CLS with Navi and 7500 miles for $9k less than a new one.
So, at least I missed out on some of the biggest depreciation.

 

That data is completely unaccurate. BMW's do hold their value, but not by that much. Not that much more than the G35 coupe.... Anyways, we all know that its the american cars that lose their value the quickest! hahaha

 

Either accidented and repaired or something is definitely wrong with the car....

 

I will agree with you on no "eating" the depreciation. The problem is that you need to get lucky with the used car you get. You never know how was it treated before. For intance, a used 6-speed can have a near-dead clutch and you might not know.

 

im kicking myself everyday that i didnt get a bmw....with these bad trannys that keep going left and right...the depriciatin is going to continue to go down

 

I'm happy with what I paid for my used 03 CLS. Sure, buying used cars has a a risk but it'd take a lot of repairs to equal the $9-10k more a new CLS would have cost.
I don't regret not getting a BMW and I did shop the 330CI 5 speeds. Overpriced, less features, and not as reliable. and I prefer the CLS engine and 6 speed anyway. for automatics I can see your point, I'd be mad if I had a bad tranny but I only wanted a shifter anyway.
resale is important if you don't plan to keep it awhile. I know I got one of the rarer and desirable CLs (6 speed navi) so I hope there will be a market, no matter how small, for it when I decide to sell it.

 

ahem...

http://money.cnn.com/pf/features/lists/resale_values/


Depending on how companies collect the data, the results can vary WIDELY.

Just my $.02

 

Dude, in 2 years you just killed $10k from your G35. Definetely a very good chart. I will consider a used car next time. Imagine buying at the 67% of the value and then selling it 3 years later at the 49% of the origina value. I will roughly be loosing 26% on just 3 years (extrapolating values).

Incredible.

 

and this is news to you??

 

sarcastic zeroday. Yes it is news for me. I never sat down and looked on how the depreciation works on year 2 to 5.

 

Holy crap! I totaled my '01 CL-S with 54K miles last October & my insurance company awarded me $19,688 less my $1000 deductible.

 

Um...I'd vote YES on that one.

 

 

When I bought this car, that was my plan. But what happens when the tranny fails after warranty runs out?

 

Now imagine repairing it for 2+ grand and then failing again after a year. I am with you on that.

 

You must have a very good insurance company. Did you have the gap insurance or something?

 

Exactly, that's what I keep thinking about. I tell my friends about the situation with the honda/acura auto trannys and they go, oh well so what if it fails, you got 4 and a half years of warranty, you'll just replace it and be ok. and i tell them, dude you don't understand, this tranny can fail again in 10,000, 40,000, or 100 miles. Who knows.. they just say... oh..

i mean seriously, when i'm done paying it off, i may very well sell it and that's a HUGE disappointment. i was planning on keeping this one for 10 years. there's no way in hell i'm going to sink 2000 bucks into a car in which the tranny i'm putting in may prematurely fail. i'll 1) make them GIVE me a new tranny if it starts failing at unreasonable intervals, or 2) i'll straight up sell that bitch and take whatever i can get for it on the private market (i've got lojack which is a great sale feature in the private market but isn't worth anything to a dealership)

by that time, an 03 auto G35 coupe should be in my price range i haven't read about any huge reliability issues on that car.

 

Yeah, but on a percentage basis, which is apples-to-apple comparable, it's not as bad as most other cars.

It's hard to see 10K go POOF in just two years... But, I saw that and then some with my CLS in 18 months... And now look where things are.

My next car will be an SUV, for the wife... And I am on the fence if it'll be new or not. May try to find a nice low mile vehicle. Let someone else eat the depreciation.

 

Most luxury cars see about 50% lose in value in 5 years (with average mileage).

If I can't get 15K for my 6spd in 5 years, I'm keeping it too as a winter beater.

The CLS was my first new car, but the last one I bought when it was a year old. 20K car orginally that I bought for 12k, so I know about how to let someone else take the hit.

Scribby got out at the right time before the CLS got a bigger hit from being discontinued.

Coupes don't usually retain much value as a sedan, and discontinued coupes are even worst.

If you look at the shortterm depreciation (2 years), it sucks, but hopefully the longterm depreciation (5 years) will level out and be better

 

Its so odd that hondas have been known to hold their resale value, and the cl is the only one with the shitty resale value. That really pisses me off my 33,750 dollar car which is only a 2001 is worth an estimated 19,200: but in reality i would be lucky to get 17 thousand, my parents really got screwed on this one. Hoepfully the value will stop decreasing and even out, in a year or so. Otherwise we will have 6 year old cars word 1/3 of their original value

 

I got out of my SLUSH-BOX just in time before the values plummeted.
They gave me 24,000 for it when I traded for my 6-Speeder.
It had about 22,000 miles on it at the time.

 

Damn you were lucky.

Now try the trick again

 

If Acura made something I’d want to buy right now, I just might.
But they don’t so I’m holding onto the car and will shop elsewhere when the time comes.