I have had my CL-S for about 4 months now and I want to get rid of it. I want to get rid of my high payment and would rather just lease something cheaper and not bother with financing anymore, cause I always want a new car. I have 23K left financed and want to trade it in and then just lease something new, obviously not as nice cause i would rather save money. It was a mistake to get this car in the first place but I was stubborn and had to get it. Here are pictures of my car:



How much do you think I could get for it? Its a 2003 CL type S with Navi and 6spd?

 

http://community.webshots.com/user/reddly9007

Here is the link for pictures

 

Its also total stock with no mod's and I have 15K miles on it which are all highway, i drive about 100 miles each day to work. Its terrible and I'm just wasting money on gas and depreciation

 

The mileage will hurt you big time. That’s over a years worth of “normal” use.
How the heck are you gonna LEASE a car when you drive 15K every 4-months?
Just keep the car and run it into the ground.

Shawn S

 

i'd say 20K

 

Just trade it in on a new cheaper car. Something below $20K You should be + on the trade since your car is worth at least $20K.

 

I agree... with that high mileage and the bad coupe market (plus it's stick) you're going to take a big hit on the car. I would agree with Shawn as well and say at this point, keep it for another 150k miles or more and run it into the ground.

 

1st 6speed i have seen with tan interior.

should be a rule...that they come in black only.

 

 

Buyers remorse does indeed suck doesnt it. Sorry bro but your buried in your car big time. Youll be taking a hit to get rid of it.

 

yea i know its freaking blows, but would rather get out of it now, then to lose my job and not be able to pay for the car and then get really screwed ya know. I am going to maybe lease or at least try to lease a 1.8T A4, i don't mind losing the money, just would rather get out of this while I still can, and while the car isn't a total loss of money. Definitely shouldn't have done this in the first place!

 

As long as you can pay the negative equity you should have no problem at all. I have a Black CLS6 with 19,000 miles in 19 months that I'll be trading for a loaded 04 tl. Cant wait

 

Man, Reddly, I'd be almost willing to trade my 2001 46k 5AT plus a few k for your ride..

 

yea i want to trade it in for something like a mazda6 or if possible a 1.8t A4, and have a 300-350 a month payment, this 450-500 a month shit is just not worth it for me. Any one interested in buy, i'll take offers, i might laugh at them but i'll still take them.

 

Dude you are not going to get an A4 lease for less then 400 a month. If you want to get out of the CL cause you dont want high payments then you need to start looking at different cars.

Mazda6
Accord lx or 4cyl ex

You are going to have to around 26g or less to get to the 300-350 zone with a lease for the most part. And why lease???? Then you awasting even more money cause you are left with nothing, then you have to go spend more money to get another car later, and what if you lose your job with that too??? i mean come on. and lets not forget the negative equity you'll aquire by trading.

Not be an ass, but its like the way youre talking you should have bought a certified preowned honda/acura for 15,000 or less so you could pay for it and then youd own and not have to worry about it.

You gotta think this shit through or youre stuck being pissed about it like you are now.

I hope you find something that works out right for you, good luck.

 

The parchment looks better in a red 6spd

Back on topic - I've seen dealers w/ CLS's (non 6spds) for around 23K, so you'd probably only get 20 or so like others have posted.

I say drive it into the ground too. I did that w/ my tbird (well almost), and it's the only way to beat the depreaciation hit. You should be able to drive the Acura for a long time after you have it paid off.

 

Its to early to get some Edmunds #'s (for what thats worth) however i'd say 22-23k is about right.

 

you owe 23K

trade in value might be 21k

you loose 2k

you wanna go from 450 to 350 a month (thats "savings" of $100 per month).

2k = 20 times $100 u "save". that means 20 months. Why loose money on trade in when u can continue to pay for 20 months what you are gonna loose in 1 day...

maybe after 20 months u will be in better financial situation.

Also, how the hell are u gonna lease a car if u drive 100 miles a day !!

 

First of all i'm sure none of you have considered this. I'll try to explain this is a simple fashion.

You have a car, $500 a month for 5 years right. =$30,000
Now, if I trade in my car (break-even on the loan) and get a lease where my payments are $350 a month for 5 years the difference is =$21,000. That means after my 5 year loan is up on that 30k car, i would have to keep it for another year and a half just to match what I paid for the second car. Take into consideration that after 6 years something is bound to go wrong so you can add on about another 2-3k probably, especially since the warrenty will be up. So just to break even on the two transactions I would have to keep the first car for about 7 years before I break even on a cheaper leased car. Plus the lease i would not need to pay for maintance and then I could just turn around and get a new car. Where as on the first car situation I would have to keep the car for like another 2-3 years for it to be a real money saving situation. And by then I will have the car for about 10 years, who the hell keeps cars for that long anymore plus with depreciation the car will pretty much be worthless. Does anyone see my point here. I want to know what you think. To be honest i'm probably just going to trade in my car try to break even and get a used car (2000 or 2001) with about 20K to 25K miles on it and hopefully save that way. Who knows, i'm at least going this weekend to talk to some dealerships.

 

If i understand what you are saying....

Yes, who is keeping the car for 10 years? Ok, so why did you buy a new car? 50% of the depreciation occurs around the 36-42 months. Now, leasing a car and paying the depreciation is a choice, put what about the excess of tear and wear and even mileage when you turn in the car?

Now you say you want a used car, ok. But what kind of car? you want a used bimmer? you will end paying as much as what you owe for the Acura. Unless you wanna buy a '00 Accord with sitck shift and no leather, you might be able to get it around 12 grand or so.

 

Zamo, thats what I'm going to have to do, i'm going to look for something used like 15 grand. Right now I have 23 left on my loan, I financed i think 24. So if i look for something used around 15-17 it will be a lot less payment wise. I know it won't be half as nice but thats what I have to do in order to save money right now. I don't necessarily want a nice used car, thats why i'm going to have to look at like carmax or something. I'll have to see what happens. Do you know anyone who wants a 03 CL-S six speed with navi, holla at me

 

Take your car to the dealer you bought from. Best you can try to do is to get them to take you car in and pay the whole thing off, then buy one of their preowned certified, im sure they have to some inexpensive integras or accords on the lot for 15-17g. that will be your best bet. At least that way you starting back at 0 and not losing any more money to negative equity.

 

hey sarlacc, i figure the only way i'm going to trade in my car is if they offer me more or equal to my loan on the car. Otherwise i'll keep it for a little while longer. There is no way i'm going to have negative equity on this piece of shit. I guess if they do pay it off, then i would consider getting a certified something from them. I might go there this weekend and find out what they will do. I'm going to try to go to a couple of places. There is a ad in the paper that say they will buy your car for 125% of Kelly Blue book value. I just need to drive around this weekend and talk to people and figure out where i stand. But i definitely won't be getting less then my loan thats for damn sure, i mean i already lost enough, i'm not losing anymore ya know. i take it you don't want to buy my car