So i finally decided on a new car and i have been shopping around and i been trying to trade in the rsx-s and i got a quote of 12,400 for trade in...i nearly :pee: & :hurryup: myself when i heard this considering kbb for a good condition car is 15,465. I can only imagine the raping the next person would get on buying the rsx-s if i actually had decided to go thru with it....o well looks like im gonna just wait and turn it in. BTW i will never lease a car again you cant get rid of it when you want and you get nothing for it in the end

 

 

how do you think all the CL guys here feel. It's a buyers market, not a sellers right now

 

Yep...I leased a 98 Teg GSR and hated every fucking minute of it.

 

Whats even more fucked up is that a car in poor condition on www.kbb.com trade in is 13,700. god i feel raped and i didnt even go thru with it

 

I didnt know you can trade in a leased car. I thought you had to buy it out first...

 

I was quoted for 16k on my 2003 CL-S 6m, with 38k miles. The miles killed it, but still, it should have been worth a little more, or so I thought.

It is horrible, sell privately and you might get a little better deal.

 

they buy it from AHFC

 

Most places will let you trade in after like 2-3 years if you buy another car of the same brand. For example, Adri's accord is a 4 year lease w/ an option to switch to another honda in 3

 

The "dealer" just "buys it out", and in effect just handles the transaction. At least this is what I've been told...

YMMV

 

Thats the problem I cant sell privately because its leased i would have to buy it out first which would retarded on my part....so i will just have to wait till june and turn it in

 

Eric had it right.


a lease can be `paid off` just like a loan can. just isnt really cost effective to do it.

 

 

no matter if you buy new, used or lease you get screwed on a car (

 

That's true. My next car will not be a new car. I will get a slightly used one.

 

And not just with acuras either. There are tons of good deals on used cars out there now.

I think it's all the 0% financing that's causing the used car market to become bloated. Lots of supply, little demand, and it's a buyers market.

 

You can't go by KBB or Edmunds, their values are inflated and they don't write checks. Dealers generally go by Galves, much more accurate valuation of car values.

Don't blame leasing, granted getting out of leases early isn't the easiest thing to do....but as stated above whether you finance or lease you're going to get fucked one way or the other on a trade (in most cases).

Also, you should go see how cheap you can lease an RSX-S for now....around $350/month for 24 months. So I'm not surprised you're getting a shit tradein value, the dealer obviously doesn't want your car. You can get such good deals on new cars, the used car market is flat right now (has been for awhile).

 

Given how bad the 1st year depreciation alone is, I'm not certain I'll ever buy a new car ever again. I'll just wait a year or two for the new car I may want now (i.e.: Acura TL).

I also won't lease a car ever again.

 

unless you keep a car for more than 4 to 5 years you'll never break even. I've leased my last 2 car and just purchased the CL-S I'm driving down and I have no regrets about any of the choices. Leasing works well if your upside down on the car your trading in. It is nice at the end of your lease not to owe anything. plus it is nice to know that you get to drive a new car every 3 years. the only reason i bought this car was because i wanted to add all of the after market goodies to the car.

 

Experiment: If anyone here is planning to buy a new car-- right after you buy your new ride ask the dealer how much he would give you for that same car if you were to trade it in right there (seconds after you've purchased it)

I'm curious as to what they'd give you for it.

 

So what did you decide on for the new car?

 

after 2 nissans i have learned my lesson