Galves is a book that all dealers use when they estimate a trade in , Its the book all DLRs have in there hand during auctions. It is the bible of the car vaalue world.
These are the prices from Jan9th-22nd.

2008 RL $29,100 - $30,750 with 14K miles
2007 RL $24,500 - $26,000 with 27k miles
2006 RL $19,900 - $21,300 with 39k miles
2005 RL $16,000 - $17,300 with 50K miles
2004 RL $10,900 - $12,050 with 60k miles
2003 RL $8,300 - $9,350 with 69K miles

This will give you guys an idea if looking to trade in your RL,s in the near future. They droped alot since the new redesign body came out a few months back!

 

You can also buy a short-term Galves account online. That's what I did the last time I traded. It actually underestimated my TL's value when I traded for the RL.

Edmunds and KBB are for entertainment value.

WAH!!!! to the 2006 RL prices.

 

Wow... depreciation of more than 50% of the purchase price in 2 years!!

 

You mean more than 50% of MSRP. I paid far less than MSRP, as many of us did....which is part of what led to this sorry situation.

 

At least you guys aren't stuck with a bunch of impalas

Just keep the RL and you'll get your money worth!

 

Thats horrible.

 

I think KBB is pretty accurate. I got $19,9. for a trade-in value on a 06 RL with 39k miles. And that's actually the LOWEST number in the dealer handbook bible for trade-in value. Hmmmmm..

But the bottom line is the Acura RL is depreciating faster than you can pay it off, good thing I paid cash money for mine! I feel horrible for people who actually straight up bought the RL brand new.

But still, this car should gain value pretty soon, with being such a rare specimen, in the near future...

 

No, I meant the purchase price, which was generally at around 42k for brand new 06's. Now after 2 years it has become less than 21k...

 

Galves is only one of the guides we use. Funny thing is the 3 dealerships I've worked at( all big chains) have never used Galves. At everyone including the one I work at now we use Black book and Manheim's online database.

 

We don't use Galves either. Manheim mostly.

 

We ONLY used manheim. It's the only source to real time numbers. Better to rely on what cars actually SELL for than something in a book that is outdated 3 days after its published....I never liked the black book.

 

Yeah but Black book is what the bidders are looking at during the auction so it has to be taken into account somewhat. The only thing I dont like about Manheim is that it leaves too much to the imagination because you cant actually see the cars. For instance the below average rating and above average rating. If you and I saw that car in person I may think it's average because it has average miles, normal wear and tear but needs tires and you may think it's below average because it needs tires and my opinion of normal wear and tear may be different from yours.

 

It'll never be an exact science.

 

I def agree with you, it really depends on what you think below and above average means.

For me - it always depended on the car. I would pay extra for sport, nav, etc. I always had updated MMR on my treo and I noticed that was the trend with buyers.

Everyone walked around with PDA's. I always wanted the little scanner for mine, those things were cool
MAN I miss the car business.