JZ

Answer is........

the Edmunds private sale value of my (our) car(s)!!!!!!!

Holy shit!!!!!

Three years old and it's worth less than most 1999-2000 Preludes I see advertised!!!

16500$! I couldn't even get into a new Accord LX for that price!

Ah, cars--what a waste of money!

But they sure are fun.

At this point, I think I'll just see how far I can drive my 01--mobile 1 synthetic every 4000-5000 miles since the first change. Engine should last--I wonder about the transmission (haha)!

Bluto

I should have bought the yellow 01 Type-R on the showroom floor. It was 3000 less than my car. I see asking prices of 18-21k with comparable miles. I don't know if they actually sell for that much. Still, a $6000 difference.


Oh well, I like my CL. I probably would have done something stupid and wrecked the R anyway.

TypeSKid

I've got the same feeling. It may be worth more to keep it and drive it than to try and sell the damn thing.

All I know is, I will never buy another new car from now on. After the problems I've encountered, and an ABOVE average depreciation value, it's just not worth it to me.

Strictly certified pre-owned for me from here on out!

mc222

Oh well, yeah that blows - but, it is a car and depreciation will level off after 5 or 6 years anyway - I just plan on enjoying it until then, then I'll trade it in and use the 7-8 grand I get as a downpayment on my next vehicle.

Red-CL

That's all I ever did.

Buy a car a year old and save 5 to 10 grand.

JZ

Amen!

Doc.Booty

As long as the tranny holds out, i plan on driving my car until the wheels fall off. Then i'll probably weld them back on an drive it some more.

danny25

$16500 sounds about right. Most cars loose about 50% of their value in the first 3 years.

JRock

I could answer that question by the topic title because last night I found out my car is worth $16.5k on KelleyBlueBook trade-in value.

Shitty, ain't it?

Did my thread about trading in mine make you check the value?

Haus

I have bitched about that too, but it could be worse. I was speaking with a sales guy at a local Porsche dealership and he said that the day before a gentleman traded a '02 Range Rover (last year before the huge redesign and new BMW engine) and got $30,000 for his trade in - he had bought the car for $76,000 20,000 miles ago!

I have found out the hard way that used is the only way to go! You can pick up 2 year old Benz's, P-cars, BMWs etc. for half of what the cost new and in never be in a position of negitive equity!

cob3683

I am sorry...but used cars suck. Even if they are certified pre-owned, you still dont know how the original owners drove them. Example: I bought a CPO Bmw 328is 2 years ago before the CLS. Drove it for 6000 miles and got rid of it. Nothing but problems and I just dont put up with that crap very well. I guess I have had shitty luck but I will never have a used car again. If youre going to spend the money you might as well spend a little more, especially if the car is a sports car where it could have been raced every night just kept up well and you wouldnt know. No thanks, Ill take new.

As far as $$$ mine has fallen to 22,675 trade in and Retail is 26,850 according to KBB. Not too bad.

mrdeeno

I'm sure the original owner of the 328is you had was bitching about all the problems his NEW car had also.

I don't think it's a matter of used or new that sucks, it's a matter of the car. If the car sucked when new, of course it'll suck in the used/CPO market. If a car is excellent to the original owner, it'll be a great car in the used/CPO market as well.

sdho

my 2001 Acura CL-S (purchased in Aug 2000) thru KBB, came out $20,000....are you guys sure 16.5K?

synth19

speaking of used cars today, I picked up a rental today @ enterprise..... saw the signs all over the place "We sell cars too" WHO the FCK would buy a car from a car rental place?!? Every person I know abused the shit out of a rental (except me).

tankmonkey

from edmunds.com:

my 2001 comes out at $18,580 private party.

a 2000 prelude sh with 36000 miles comes out at $16,515 private party.

sounds like you've got a lot of miles on your car and the ads you're looking at are asking an awful lot for a prelude...

jimcol711

hate to break it to you, but those numbers are complete and total BS.

my 2002 had 12,000 miles on it when i sold it, it was mint, i went to 5 dealers, the most anyone would offer was 19.5k

edmunds numbers are out of the park, they arent even playing in the same leauge as the REAL WORLD of car values.

GreenMonster

Yep, I plan on doing the same.

I thought the CLS was surposed to depreicate about 52% over 5 years, but it looks like it's hitting the 50% mark a little early (probably due to 1)auto tranny issues, 2) being discontinued, 3) being a coupe).


Oh well... No big deal...

Beltfed

You should have......

They still fetch a nice sum, my buddy traded his Black Type R like 8 months ago for an 02 S2k (the Type R was leased I might add) and the dealer gave him $20k for it.

He walked out with like $1800 in positive equity, which is extremely rare for a lease.

Beltfed

Indeed, you can't go by Edmunds or KBB for dealer trade-ins (you have to go by Galves).

Bluto

At the time, I thought the upcoming RSX-S would hurt the Type-R's value. :o

If I owned a Type-R, I'd probably be looking for a 2nd vehicle, not selling/trading it. Poorman's Viper.

Live and learn.