Big time Depreciation?

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Old Aug 13, 2004 | 06:56 AM
  #41  
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Originally Posted by mattdaddyz
When I bought this car, that was my plan. But what happens when the tranny fails after warranty runs out?

I want to know what it cost to replace a tranny.

I currently don't drive a lot of miles. So I may be covered the full 7 years.

Owners with a long commute are

If my commute changes, I'll have to evaluate keeping the car or buying something else.


Deprecation seems to level off after 4-5 years. A nice 99 3.0 CL goes for about 9-10k. Not sure if people are paying that much.
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Old Aug 13, 2004 | 07:38 AM
  #42  
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I believe the CL is in a class of its own, with most CL/s getting up there in miles no one is going to want to by a car for just 25000miles, unless someone makes a tranny that can stay together for a good 100000 miles +

Bluto if i remember correctly its 2-3K for a refurbished tranny 4-6K for a new one.

As far as Values go as far as i can see long term there finshed, and would not surprise me if the CL has the worst resale value for a Luxury cars.
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Old Aug 13, 2004 | 09:53 AM
  #43  
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I bent over and traded in my CLS for a new loaded FX35.
I am very disappointed in Acura, my Integra held up much better in price (and quality) over my CLS.
I was going to hold onto the CLS longer, but the tranny issue just kills it. I can't drive the car down to FL to visit my family for fear of the tranny going out and killing my vacation. If I hold onto the car for 7 years, it will have no value, a car with a tranny timebomb that is out of warrenty. If I keep the car till the doors fall off, then will I really want to keep shelling out $3k on a 9 year old CLS for new trannies????

Then to add insult to injury, I cancelled my completely unused Acura extended warranty, and only received 42% back!!!!! The car was still covered by the original 4/48k factory warranty but they still prorate the extended warrenty!! Acura care explained that you are not buying another 3 years of coverage, but rather this superseeds the factory warrenty, so in effect I used 4 years of my 7 year extended warrenty. I asked well why can't I just buy 3 years and spend $500? No comment from Acura on this.


For me, the CLS was a great value when I first purchased it, but now it has left a very bad taste in my mouth, and this will be the last Acura I buy.
With back orders on the MDX and new TL, I can see why Acura wouldn't care about a small % of its previous customers who purchased a discontinued, poorly selling car.
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Old Aug 13, 2004 | 09:57 AM
  #44  
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Originally Posted by Red-CL
That's why I'll be keeping my CL 'til the doors fall off.
Have no worry about the door..the transmission will fall off first
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Old Aug 13, 2004 | 10:04 AM
  #45  
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hahaha, i should bring up all the threads I spent arguing the value of the CLS. I had so many arguments about how CLS is worth buying because it's cheaper.

Now people might see it's sometimes worth spending the extra. You get it back in the end....
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Old Aug 13, 2004 | 10:07 AM
  #46  
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Originally Posted by GreenMonster


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
The weird thing is that the G35 coupe has better resale than the sedan. I tried getting used on the coupe and they were selling only $2k less than MSRP here in So-Cal

The sedans were better priced (probably due to bigger supply) but didn't like the look of the sedan. Just got a new one instead.
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Old Aug 13, 2004 | 10:10 AM
  #47  
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Originally Posted by SiGGy
hahaha, i should bring up all the threads I spent arguing the value of the CLS. I had so many arguments about how CLS is worth buying because it's cheaper.

Now people might see it's sometimes worth spending the extra. You get it back in the end....
If I look back, I should have went with the BMW.
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Old Aug 13, 2004 | 10:30 AM
  #48  
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Originally Posted by fast_daddy_car
If I look back, I should have went with the BMW.
Well, I can still think on "leasing" a 2-year old M3, for 36 months. In theory I wont have huge lease payments, but who knows.
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Old Aug 13, 2004 | 10:39 AM
  #49  
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So correct me if I’m wrong, but anyone who LEASED a CL early on (like a 2001, 2002 or early 2003 run) probably made out pretty good.
I say this because the lease payments would have been based on the car having a pretty solid Acura value after 3-4 years.
Since it’s NOT, the buyouts are much higher then the car is actually worth so it’s not worth exercising that option unless you negotiate the price down.
But your payments have been LOWER all along then they would have been if they knew what the value really is now.

Right ???
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Old Aug 13, 2004 | 10:40 AM
  #50  
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Originally Posted by zamo
Well, I can still think on "leasing" a 2-year old M3, for 36 months. In theory I wont have huge lease payments, but who knows.
BMW leases USED cars ???
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Old Aug 13, 2004 | 10:44 AM
  #51  
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Originally Posted by Shawn S
BMW leases USED cars ???
Yes they do, but is not that common. They will rather sell you with a low interest rate and HIGH sale value.
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Old Aug 13, 2004 | 10:49 AM
  #52  
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Originally Posted by zamo
Yes they do, but is not that common. They will rather sell you with a low interest rate and HIGH sale value.
Maybe I’ll go put my name on the list now for when the 645Ci’s start coming off lease TWO YEARS from now.
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Old Aug 13, 2004 | 11:06 AM
  #53  
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Originally Posted by Shawn S
So correct me if I’m wrong, but anyone who LEASED a CL early on (like a 2001, 2002 or early 2003 run) probably made out pretty good.
I say this because the lease payments would have been based on the car having a pretty solid Acura value after 3-4 years.
Since it’s NOT, the buyouts are much higher then the car is actually worth so it’s not worth exercising that option unless you negotiate the price down.
But your payments have been LOWER all along then they would have been if they knew what the value really is now.

Right ???
Correct.

I got mine in Jan 2003 and the residual was around 52% after 4 years. Depreciation after 36 months was around 40% so my payments would have been higher. I believe I got a decent deal, mostly due to the *negotiated* sale price, which was 28.5k. The residual does not change due to discounted sale price, so my 52% calculation is based on the sale price (not MSRP).

But my idea was to sell it before the maturity date and try to pocket a couple of grand. Now I will "disposse of" my car at the maturity date.

After March 2003, lease deals were gone. They wanted at least 7 grand down WTF ? I paid nada down.
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Old Aug 13, 2004 | 11:07 AM
  #54  
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Originally Posted by Shawn S
BMW leases USED cars ???

yeap, w/ full warranties too. They even offer their free maintnence on them
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Old Aug 13, 2004 | 01:19 PM
  #55  
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Originally Posted by zamo
Now imagine repairing it for 2+ grand and then failing again after a year. I am with you on that.
If they replace the tranny than the new one comes with a warranty :captainobvious:
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Old Aug 13, 2004 | 01:24 PM
  #56  
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Originally Posted by Frainky
If they replace the tranny than the new one comes with a warranty :captainobvious:
As far as I know, it is a 12 month warranty? unless there is an exception :duuno:
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Old Aug 13, 2004 | 01:32 PM
  #57  
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You know,the exact length of the warrenty on a replacement tranny escapes me right now :blaze: .......... Not sure why. Its gotta be longer then 12 months.
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Old Aug 14, 2004 | 09:57 AM
  #58  
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Someone early in this thread said that "all discontinued cars" lose value and you may as well give them away! Is this the voice of experience talking!? I have a "dis-continued" little red/black Corvette ZR1 in the garage.....you know, nearly 400hp, 32 valve monster that still out runs almost everything on the highways! Yep, I may as well give it away as it has been discontinued for about 9 years now.
Funny though, it still shreads rear tires with ease, will do the 1/4 in the 12's and will hit 180+mph.
Okay, I am going to give it away, who wants it!!??
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Old Aug 14, 2004 | 05:38 PM
  #59  
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Originally Posted by KXM
Someone early in this thread said that "all discontinued cars" lose value and you may as well give them away! Is this the voice of experience talking!? I have a "dis-continued" little red/black Corvette ZR1 in the garage.....you know, nearly 400hp, 32 valve monster that still out runs almost everything on the highways! Yep, I may as well give it away as it has been discontinued for about 9 years now.
Funny though, it still shreads rear tires with ease, will do the 1/4 in the 12's and will hit 180+mph.
Okay, I am going to give it away, who wants it!!??
Dont forget that the model of your car is a Corvette, somthing that has never been discontinued.
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Old Aug 15, 2004 | 01:30 AM
  #60  
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I can tell you that BMW doesn't hold their valve any better than Acura. That is why this is mine.


00 328ci premium package 47Kmiles never in accident. dealer offer $16-18K. New was in the $39K range. BMW have a lot of option.
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Old Aug 15, 2004 | 08:20 AM
  #61  
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Sgmotoring,

Suprisingly 16-18K is about average on trade for a 328ci premium, PP would be about 19-20K, and dealer would be about retail asking around 23-25K.

Even though the CL was not out in 2000, a 2000 TL with 47K in same condition would be around 10K 13K in trade. Also factoring in there 10K less

I was at the dealer going back and forward over some 04 TL' s on saturday, when they take them in on trade with about > 10,000miles there losing about 3-5k in depreciation.

From the looks of your BMW your better of keeping it, looks like its in good condition, its really later on 7 years + where your loss in depreciation is not so great.
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Old Aug 15, 2004 | 08:14 PM
  #62  
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From: Diamond Bar
Originally Posted by F900
Sgmotoring,

Suprisingly 16-18K is about average on trade for a 328ci premium, PP would be about 19-20K, and dealer would be about retail asking around 23-25K.

Even though the CL was not out in 2000, a 2000 TL with 47K in same condition would be around 10K 13K in trade. Also factoring in there 10K less

I was at the dealer going back and forward over some 04 TL' s on saturday, when they take them in on trade with about > 10,000miles there losing about 3-5k in depreciation.

From the looks of your BMW your better of keeping it, looks like its in good condition, its really later on 7 years + where your loss in depreciation is not so great.
I am just saying that BMW doesn't hold their valve any better than an Acura.
My 00 BMW New $39 K(don't forget lux tax and sales tax) now worth 16-18K trade in
Acura TL new 29K now worth 10-13K
both those car lost more than half their retail price. That is why I said they both are shit in holding resale value. A Civic is a different story. I had a 90 civic hatch 5 spd price new was $9K after 12 year and 400,000 miles later I sold it for $2000 beat that!
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Old Sep 20, 2004 | 07:52 PM
  #63  
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Let's get some first hand facts here: (no speculation or KBB or NADA)

Who has traded their CLS?

What did you get for it?

I am looking at what is for sale and there certainly is a supply...
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Old Sep 20, 2004 | 08:02 PM
  #64  
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Originally Posted by shimbo519
well, my cousin just sold his 01 CL-S with 54K miles for $10k. I dunno if that is low?
That suck. He could have had more. Someone is driving a nice car.
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Old Sep 20, 2004 | 08:57 PM
  #65  
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Dollars n Sense

Look guys.. i guess things are different depending on where you live so..
i will relate my experience here in crazy So. Cal.. I just bought a 2001 CL-S
in June, 31K on it. Cherry condition and I paid $20K... I too thought they
all would be cheaper by now but, i can't tell you how many CLs i had bought
out from under me.. Some didn't last a week and, no one was barginning.
Buy it for what was posted or... see ya, it was gone.. Now i ain't talking
trash looking CLs or a few CLs that weren't cared for.. I checked 3 dealers
in my area 2 of them only had 1 or 2 for sale.. they were priced around
the $20K-$23K area and varied from a 2001 to 2002.. Several CLs needed
a little bit of paint (silver rear end was losing some clear on it and the spoiler)
I found a nice white with chrome rims, 45K on it and the guy wanted 20K for it...
It disappeard 2 weeks later for 19,5.... There weren't that many private
CLs for sale either...So, i know life down here is nutty but the stuff you guys
are talking about...wasn't happening here...
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Old Sep 20, 2004 | 09:28 PM
  #66  
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if i had waited six months to buy my car, i could have saved @ least $4000
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Old Sep 20, 2004 | 09:28 PM
  #67  
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really fawkin sad......
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Old Sep 20, 2004 | 11:06 PM
  #68  
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I traded in my '01 CL-S w/ Navi last December 31st for $11.2K. It had almost 80K miles on it.

The high mileage was a huge hit.
The horrible condition of the horrible acura paint had to be a big hit.
The horribly curbed aftermarket chrome rims had to be a big hit too.

All in all I was still disappointed in the amount I got for the car and I hoped for a couple of grand more. I did passify (sp?) myself with the thinking that...

In Texas when buying a car the taxable amount is reduced by the amount of the trade in. So in essence I would have had to sell the Acura for 12.5K to equal the trade in amount.
I didn't have to hassell with selling it myself
I don't ever have to worry about getting a phone call asking why the rear sway bar was in the trunk (I removed my comptech sways and didn't put the stock rear sway back on because I couldn't find a bolt ).

The depreciation of the CL is horrible and the main reason I got rid of it is because I refused to keep it past 100K miles. I really liked my car but had it not been for Acura's loner cars I probably would have hated it. It seemed my car was in the shop more than it wasn't and I never had a tranny problem. Hell, just the problems I had two or more times included: the brakes, sunroof rattle, misc. rattles, and a failing passenger seat sensor. The depreciation is very understandable and if I didn't know anything about the car and was looking into getting one I am sure my research would lend me not to touch the auto CL's with a ten foot pole!

But who said cars were an investment any damn way. Have fun in your ride and chalk up the lost money to a price to pay for driving a fun azz fast azz car with a great internet forum to boot!!!!
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Old Sep 21, 2004 | 07:40 AM
  #69  
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also leaving out that his BMW is a 00. Another 2 years of decreased value.

BMWs holdtheir value better....

A TL which is not as old is less than 50% of it's value.

BMW which is older than the TL is holds better value...


My 00 BMW New $39 K(don't forget lux tax and sales tax) now worth 16-18K trade in
Acura 02 TLS new 29K now worth 10-13K



Someone's not doing their math...

Bascially BMWs hold their value better enough to make it worthy of spending the exta to get them.
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Old Sep 21, 2004 | 09:34 AM
  #70  
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Originally Posted by SiGGy
Bascially BMWs hold their value better enough to make it worthy of spending the exta to get them.
The market has hit all brands due to the huge discount on new cars and flooding market of used cars.

The reason why BMW is holding better their value, is because a "typical" consumer who wants a used car with "brand" name will look onto BMWs. That demand makes BMWs rise their resale price compared to the other brands.

Many people do not understand what is Acura or even Infiniti. Ask any "typical" individual coming from outside the country wanting to buy a used car. They do not know about these brands, and they just think on BMW, MB or even Audi. They do not care about realiability, they just care about the brand. As a friend told me once [sic] "buy status damnit". Of course I do not care about what people say. But that is just an example.

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Old Sep 21, 2004 | 09:43 AM
  #71  
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Hell I am selling mine with everything in it for 9-10,000. Just no value in the car. Have 108,000 miles
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Old Sep 21, 2004 | 10:54 AM
  #72  
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So maybe the best way to get the value out is to go to an Acura dealer and trade in the '01 CLS for a used RSX-Type S.

Then they can't tell me the CLS sucks with the tranny - I'll just ask him why the service manager told me it was good as new...

an interesting strategy? (I can't spend more money on a new car so my goal is a dollar-for-dollar trade)
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Old Sep 21, 2004 | 11:03 AM
  #73  
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Dude, I just bought a 97 3.0 CL and I paid $7k for it...So don't feel bad if your
friend only got $10k for it -- I got hella screwed, cause I just found out that it
has lots of problems with it, making its value actually somewhere around $5500 or $6000.
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Old Sep 21, 2004 | 09:09 PM
  #74  
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From: Diamond Bar
Originally Posted by SiGGy
also leaving out that his BMW is a 00. Another 2 years of decreased value.

BMWs holdtheir value better....

A TL which is not as old is less than 50% of it's value.

BMW which is older than the TL is holds better value...


My 00 BMW New $39 K(don't forget lux tax and sales tax) now worth 16-18K trade in
Acura 02 TLS new 29K now worth 10-13K



Someone's not doing their math...

Bascially BMWs hold their value better enough to make it worthy of spending the exta to get them.
where can I get a excellent condition 02 tl with 50 K for 10?
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Old Sep 22, 2004 | 01:03 AM
  #75  
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Where can u buy an 02 TLS for 10K, the cheapest i have seen a ok 02 TL was for $15.5 with 69000miles. Around here a 02 TLS with about 40,000miles are going for 18-20K
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Old Sep 22, 2004 | 01:13 AM
  #76  
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Originally Posted by tmk70
"had" being the operative word. Not anymore.
Infiniti still=shitty resale. Only the G35 has decent resale. The rest of the lineup drops faster than Jenna Jameson's pants in a porn video.
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Old Sep 22, 2004 | 01:16 AM
  #77  
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Originally Posted by SiGGy
also leaving out that his BMW is a 00. Another 2 years of decreased value.

BMWs holdtheir value better....

A TL which is not as old is less than 50% of it's value.

BMW which is older than the TL is holds better value...


My 00 BMW New $39 K(don't forget lux tax and sales tax) now worth 16-18K trade in
Acura 02 TLS new 29K now worth 10-13K



Someone's not doing their math...

Bascially BMWs hold their value better enough to make it worthy of spending the exta to get them.
And to dispute this is pretty fucking idiotic. Resale is not kind to cars that change every 3 years.
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Old Sep 22, 2004 | 09:30 AM
  #78  
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Originally Posted by 1SICKLEX
And to dispute this is pretty fucking idiotic. Resale is not kind to cars that change every 3 years.
What about the Chevrolet Corvette? Those have terrible depretiation and do not change for 8 years or so
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Old Sep 22, 2004 | 09:51 PM
  #79  
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Cars depreciate for many reasons. A model has been dropped, many incentives are given, they are not reliable, sales are sluggish, the company is in bad financial straits (Mitsubishi comes to mind here), the car has a navigation system (depreciates faster).

I think the CL's being dropped is the biggest factor. The transmission problems are not known outside of Acura owners I think. Even then, I bet most Acura owners don't know.

My dealer took in my CL-S 6MT for about $20,500. It was taken in for lower than it should have been, granted. But I think the stick CLs will, in 5 years or so, be worth a lot still because they are rare, like the 6 speed Legends.

The Corvette's depreciation has to do largely with how well they hold up over long periods of time I think.
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Old Sep 23, 2004 | 08:54 AM
  #80  
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Originally Posted by sgmotoring
where can I get a excellent condition 02 tl with 50 K for 10?
Really the TL holds its value better than the CL. Those numbers are way flawed.

When I checked 4 months ago I comapred a 01 330Ci and a CLS. THe 330Ci held it's value better.

No clue on the TL. I would exepect it to be worth more being 4 doors, but I honestly have no clue. Never looked up the TL resale info. I was just using his numbers.
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