What is the fair trade in value for a 2000 TL with 104,000 miles Black/Black no nav. New tires brakes mint inside. One dealer offered me $8,000 for it. Would I get more privately?
Thanks

 

You can usually get more from a private sale, but it depends on how much time you're willing to put into the process. Kelley's Blue Book says it's worth $9500 for trade-in.

 

I just attended a car-buying seminar yesterday, and my '00 TL w/Navi and 89,700 miles was netted $9500. I've heard that kbb is always high.

 

KBB is always low.
NADA, Edmunds, and Trade-in-value all show higher. 00 TL with 50K miles in good shape according to Acura's own website should bring 13K+. 00TL retail with same mileage, you will find dealer asking around 18K. There's no way markup on used is 8 - 10K. When you buy one and they don't want to discount it, all you hear about is how they hold their value and blah blah blah. I'd be pissed if even with the mileage I only got $9500. Not to flame you or anyone. I'm just stating I'd be pissed.

 

What I also don't get is these sites claim to get their data from transactions. Whose transactions? Trade-in-value shows 13K for a 2000 TL with 89K miles. I'm assuming KBB is around $12K.

 

yeah to bad.

 

roll the miles back, i know this guy did it with his lease form this board.

 

Guys, we have to be careful to consider geography. I just did the kbb again for a '00 /Navi , 89k miles and excellent shape and got trade-in of 11,375 in zip code 75116. On the east or west coasts it may vary by a couple grand. no way is this car bringing 18k at retail, especially with a new body-style out.. A co-worker just bought an '02 TL-S for 22K.

 

2001 Acura TL 3.2 $20,995 13,882 Mac Churchill Acura Sedan Nighthawk Black 29 mi.
2001 Acura TL 3.2 $18,995 43,321 Vandergriff Acura Sedan White/Tan Int 12 mi.
2001 Acura TL 3.2 $18,988 31,489 Mac Churchill Acura Sedan Firepepper Red 29 mi.
2001 Acura TL 3.2 $17,999 30,051 Budget Car Sales Dallas Sedan Oyster/Silver 13 mi.
2001 Acura TL 3.2 $17,995 70,131 Vandergriff Acura Sedan White/Tan Int 12 mi.
2001 Acura TL 3.2 $17,950 39,000 Ace Imports & Financial Sedan Silver 20 mi.
2001 Acura TL 3.2 $17,900 49,128 Moritz North Arlington Sedan White 9 mi.
2001 Acura TL 3.2 $16,950 47,652 Dallas Roadster Sedan Blue / Beige 23 mi.
2001 Acura TL 3.2 $16,950 43,474 Dallas Roadster Sedan Gold / Tan 23 mi.
2001 Acura TL 3.2 $16,900 37,600 Republic Enterprises Sedan BLACK 16 mi.
2001 Acura TL 3.2 $15,995 48,990 North Hills Auto Sedan green 21 mi.
Results: 1-50 | 51-80 | Next
After my valuation at kbb.com just now, I checked local listings for 75116. Above are examples of what's availabl, keeping in mind these are all NEWER than '00.

 

I'm in Midwest. If I rate my 2000TL with 57xxx miles excellent, I get $14050, whether useing my zip or yours. $13,100 at Good. I also got the $11,375 in my zip with your mileage. The $18,400 retail was for a 2000 TL with mileage in the 50's. Regional used differences are probably no more than +- a few hundred dollars.

Going to model year 2001 with the same mileage and excellent returned $15000. So adding one model year with same mileage added about $1000.

NADA for your car and mileage returned 12,500 with a retail of 15K. That sounds about like normal used car mark-up $2500. NADA for mine was $13,900.

So my last question is. What is trade-in-value. Does it factor in that the dealer has money in the new car or not? It's never been spelled out. Is it wholesale?

 

From my experience, a price in a book means nothing to a dealer unless they choose to make it mean something(when, of course, it is to their advantage). Basically, they'll pay you what they want to pay you for it. You have to come up with ways to get the bargaining power back into your court. Whether that be higher trade-in quotes from another dealership or whatever.

KBB is high on retail compared to Edmunds, but low on trade-in compared to Edmunds. I've never gotten close to an Edmund's price on any vehicle I've purchased.

If you can, try out this theory of mine. Have your girlfriend or something go into the dealer and ask about the car you're interested in purchasing. Have her look at the sticker price and say, "oh, that's not bad at all". Have her show interest in all the dealer add-ons, extended warranty, etc... At this point the dealer's mouth will be salivating. He expects to pull a fast one on some dumb broad. He should also be willing to give more on the trade-in value, since he'll be making so much more money on the new car sale. Have him put the trade-in value in writing.

Then, you go into the dealership and negotiate the lowest price possible on the car you want. Tell the dealer you have a trade-in. He then will be more forgiving on the price since he expects to make that up on the trade. When you've negotiated the low price on the new car and get it in writing, present him with the written trade-in value statement your gf got. At this point the dealer's pants are around his ankles and he's lubed up and ready to go. I'm seriously going to try this on my next new car purchase assuming there is going to be a trade-in.

 

You're making me cry. I paid 14,5 for my 99 no s, no nav.
The new body hadn't come out yet, however...
Oh well. I do love the car, afterall

 

Resale value really bad for a car that's supposed to be best in class in terms of resale. How many thing the tranny isssue has had a big effect on the resale value of our cars?

 

I doubt the tranny issue has or will have much of an effect since Acura is touting that they are fixing it up front.

I agree with the statement above that they only use those books when it's to their advantage. Otherwise they dismiss them as not accurate. That's why they love to tout the KBB. It's almost always to their advantage. I would think NADA or the Black Book would be more accurate, but it doesn't help their cause.

I know it's supply and demand. Look at the RL. They can't give those away. I'm sure trade value on those is now horrendous. Makes you wonder what Honda/Acura was thinking when they made that dog. I think even the MDX has slowed down considerably. My dealer has virtually no TL's and a bunch of MDX's. But they still won't deal on the MDX. Eventually they'll have to deal or they won't get many 2005's in.

 

I think the tranny issue has left a sour taste in many potential buyers appetites for our TLs. Think about how many people are selling or cosidering selling their TLs due to the Tranny issue in their minds. Nobody wants to get stuck with a tranny problem outside of warranty.

I would say the resale value hit is about 3 - 4 K per unit.....OUCH!!!! Thanks Acura...... :fingerfawk:

 

Trying to keep this on topic, I somewhat disagree with baddawg on how the tranny issue affects resale. Sure, Acura is extending the warranty and fixing or replacing the tranny. But my car is at 90k, and who wants to be left with a tranny that may explode again in 10K miles. After 100k buyers will be on their own, which may be scary considering the out of pocket to replace the tranny. Just one opinion. To keep from crying, I try to console myself with the fact that they're attempting to correct the problem. If that doesn't fix it though, where will I be when it breaks again or how can I get another poor soul to take it off my hands, dealer or private party?

 

Fast,
I think you've got the formula. The closer it gets to 100K, the more the savvey buyer will be put off. You will also probably see many people dump their TL's as the mileage approaches 100K. Law of supply and demand will drive the value down at that mileage also. I have 58K on my 2000. If it doesn't go this year, it will go next for sure. The problem I have is, even though in MO, I live in a very hilly subdivision. FWD is very useful. There basically is nothing comparable to the Acura for the price other than another Acura. I don't care for the G35 interior; the I35 is dead in the water. All the new gee whiz cars are RWD. Some are AWD, like the G, but not right for me. I like the A6, but it's a bit steep. Saab and Volvo are not realistic options. BMW 5 is high, ugly, and RWD. That leaves me with another TL

Pros:
270HP with decent mileage
Lots of stuff
Awesome styling
General Acura quality and supposed resale

Cons:
12.3 cu ft trunk (size does matter sometimes when packing for the lake or hauling the kid)
Continuing transmission reliability questions

Thought about SUV, but already have pick-up in the family. One gas hog is enough. It would have been (still possibly could be) toss between MDX and RX330. But they don't get 30mpg on road trips. If I can afford it or not is not the issue, it still pains me to pay ~$2/gallon for gas.

Back on topic. I'm convinced you have to be willing to be extremely aggressive and unfortunately hit them at the end of the month and pray they haven't made quota. Contrary to what Consumer Reports says, you're more likely to get that extra $500 out of them at the end of the month than at the beginning. They all have plenty of room to work, the question is will they?

 

Agreed, this TL will definitely be replaced with another, as I see no other practical replacement, save for the as-yet-unproven Chrysler 300c, which reminds me of a 4-door version of the '97 Camaro Z28 I used to own. But nothing approaches the TL as an all-arounder, so it's back to Acura I'll go. The only thing that may save me is if the '05 G35, like the Altima, finally gets a better interior, as I agree with C&D That FWD is at its power limits.

 

I'm selling a 03 TL-S w/ nav. and every thing else offerd except spoiler, 70700 miles. $14400. In the auto trader magazine here locally there are too many to choose from. The 03 TL must of had a good lease program.

 

wow... what an old thread!