Depreciation
#1
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Depreciation
I have been toying with the idea of getting a 04TL....I dont think i would leave the acura domain...like it too much.
So i started to work out finances and see how things work out and there lied the shocker regarding my 00 TL
KBB says that it is now worth 11-13k depending on good vs excellent rating. That sucks...true that i have 65k on the car, but i thought it would be worth more than that...15-16k range. Just think about it, that is 16k+ depreciation in less than 4 years. Is this rate normal ?
Does anyone know of a good website to compare car depreciation ? I thought Acuras like most (entry level) luxury cars held their values pretty good.
So i started to work out finances and see how things work out and there lied the shocker regarding my 00 TL
KBB says that it is now worth 11-13k depending on good vs excellent rating. That sucks...true that i have 65k on the car, but i thought it would be worth more than that...15-16k range. Just think about it, that is 16k+ depreciation in less than 4 years. Is this rate normal ?
Does anyone know of a good website to compare car depreciation ? I thought Acuras like most (entry level) luxury cars held their values pretty good.
#2
Instructor
KBB is notoriously lousy for figures.
Try Edmunds.com, nadaguide. com, or cars.com.
Any of these are far more informative than KBB and much more accurate.
That figure is a bit low......
Try Edmunds.com, nadaguide. com, or cars.com.
Any of these are far more informative than KBB and much more accurate.
That figure is a bit low......
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The update is on both edmunds and nadaguide the car value is between 14k and 17k...now thats more like it. Hopefully that convinces the dealer as well.
#6
Pusha Z
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I got hit on the head when I turned in my 2003 TL-S, bought it less than a year ago (Memorial Day 2003) for $31,500 and traded it in o 2/20/04 for $22,500. They gave me over blue book for it but damn! do them TLs depreciate!
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#8
@ slide or die @
If you sell to dealership ull get that, your 00TL worth 15+, sell by yourself, online or your mama and ull get more than dealership or watever KBB sais its worth.
#10
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![Angry](https://acurazine.com/forums/images/icons/icon8.gif)
Reply...
From what I have seen hear in Canada... Acura currently has a full page ad in the local paper advertising the 2003 TL for $34K... $4K off the regular price...
I bought a 2002 TL Type S... 18 months ago for $42K... it's worth right now about $32K on trade in. The dealer salesreps have discouraged me from buying a 2004 because they have NO ROOM to give me a decent trade-in value.......
Guys....., the transmission issues and the strong competition out there has dropped the resale on TL's. Now in my case, if I sold my car today, I would lose $10K in 18 months... that $555.00 per month in depreciation alone.
You can tell that I am very disapointed with my purchase...
From what I have seen hear in Canada... Acura currently has a full page ad in the local paper advertising the 2003 TL for $34K... $4K off the regular price...
I bought a 2002 TL Type S... 18 months ago for $42K... it's worth right now about $32K on trade in. The dealer salesreps have discouraged me from buying a 2004 because they have NO ROOM to give me a decent trade-in value.......
Guys....., the transmission issues and the strong competition out there has dropped the resale on TL's. Now in my case, if I sold my car today, I would lose $10K in 18 months... that $555.00 per month in depreciation alone.
You can tell that I am very disapointed with my purchase...
Originally posted by denmoses
I have been toying with the idea of getting a 04TL....I dont think i would leave the acura domain...like it too much.
So i started to work out finances and see how things work out and there lied the shocker regarding my 00 TL
KBB says that it is now worth 11-13k depending on good vs excellent rating. That sucks...true that i have 65k on the car, but i thought it would be worth more than that...15-16k range. Just think about it, that is 16k+ depreciation in less than 4 years. Is this rate normal ?
Does anyone know of a good website to compare car depreciation ? I thought Acuras like most (entry level) luxury cars held their values pretty good.
I have been toying with the idea of getting a 04TL....I dont think i would leave the acura domain...like it too much.
So i started to work out finances and see how things work out and there lied the shocker regarding my 00 TL
KBB says that it is now worth 11-13k depending on good vs excellent rating. That sucks...true that i have 65k on the car, but i thought it would be worth more than that...15-16k range. Just think about it, that is 16k+ depreciation in less than 4 years. Is this rate normal ?
Does anyone know of a good website to compare car depreciation ? I thought Acuras like most (entry level) luxury cars held their values pretty good.
#11
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Re: Re: Depreciation
Originally posted by 222star
Reply...
From what I have seen hear in Canada... Acura currently has a full page ad in the local paper advertising the 2003 TL for $34K... $4K off the regular price...
I bought a 2002 TL Type S... 18 months ago for $42K... it's worth right now about $32K on trade in. The dealer salesreps have discouraged me from buying a 2004 because they have NO ROOM to give me a decent trade-in value.......
Guys....., the transmission issues and the strong competition out there has dropped the resale on TL's. Now in my case, if I sold my car today, I would lose $10K in 18 months... that $555.00 per month in depreciation alone.
You can tell that I am very disapointed with my purchase...
Reply...
From what I have seen hear in Canada... Acura currently has a full page ad in the local paper advertising the 2003 TL for $34K... $4K off the regular price...
I bought a 2002 TL Type S... 18 months ago for $42K... it's worth right now about $32K on trade in. The dealer salesreps have discouraged me from buying a 2004 because they have NO ROOM to give me a decent trade-in value.......
Guys....., the transmission issues and the strong competition out there has dropped the resale on TL's. Now in my case, if I sold my car today, I would lose $10K in 18 months... that $555.00 per month in depreciation alone.
You can tell that I am very disapointed with my purchase...
#12
Pusha Z
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Location: Virginia
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Originally posted by BIG_KOUT
Edmunds still has an 03 TL-s with nav certified going for 28,000 so you got ripped on your trade in
Edmunds still has an 03 TL-s with nav certified going for 28,000 so you got ripped on your trade in
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