Hello Guys,

I currently own a 2006 Rl with 131,500 trouble free miles and not paint damage etc. I am now in the market for a 2012-2013 certified pre-owned MDX advance. Would it be better for me to sell privately or do a trade in with an Acura dealer and how much coupled i expect to get for the car if sold its all paid for.

I purchased it pre-certified back in 2010 with 38,000. She has always been Acura serviced... timing belt....shocks....and all the required stuff changed over the past year including all engine mounts.

 

Sell will always get you the better bang as the dealer will try to lowball you. For convenience sake, the dealer is easiest but it's not worth it in my opinion..

 

Trade in is easy buy you get wholesale value, many times less than that. Sell it yourself is hard, people don't have the cash or credit. I remember having a hell of a time selling a Honda Civic that was mint with 60K miles on it. And that's a Civic! I'm gonna try to sell my Acura, but I don't expect much luck. I think everyone who's interested will not have the money or credit to get a loan. OF course, you have to be an idiot to finance a car with over 100K miles on it, but that's not our problem. Good luck, and I'll post my results later in the fall.

 

The benefit of a trade-in is you only pay taxes on the difference of your final purchase. If you sell private party, you will pay full sales tax on your next purchase.

KBB has your car valued around $8500 private party and $7100 at the dealer. In TX with 6% sales tax on cars, that's $426 in tax savings at the dealer for $1400 less. In that case, you could sell private party for as little as $7600 and still come out ahead.


LOL. I guess I have to be an idiot then.

 

i would try carmax, their quotes are fair.

 

Trade. It is not worth the time or liability of selling a car these days.

 

I apologize for that. It's always a specific reason for a specific transaction. You have to weigh it out, and you did, I'm sure. That was a general statement. People should always think twice about financing cars with high miles and understand what additional costs are down the road. People like us who are on forums and know our car's weaknesses, know that stuff while the general public may just see a shiny car that looks great and only has 110K miles. Hey it's a Honda! It'll run forever. When the truth is, it may still cost you a boat load on top of the payment. We used RL owners know this well.

And as far as taxes go, it depends on your state. Here in SC where we pay property tax on cars (Grrrrrr!), sales tax is capped at $300. There should be no sales tax if you ask me if I pay property tax! Every friggen year! For crap roads! Ugliest in the country!

 

^There are some circumstances that you just can't avoid and others that just fall into your lap. The reason I financed my last purchase was because I totalled my previous one. I kept my same payment, same term, same 2% interest rate, and paid off half of my wife's principle with the left over cash. Her loan was finished a year later. It was for a Tundra with 140k miles. There are no absolutes. That's all.

You bring up a great point about tax laws and states. What applies to me probably has no bearing on the OP. YMMV.
There should be no liability. Write up a legitimate bill of sale, and there is nothing on your shoulders after they sign the dotted line.