the_wonder_boy

I got a 02 TL with 47k miles on it and on www.bluebook.com it said it only wroth $16,520 with NAVI. that is CRAP!!! my car is wroth like a freak civic what the deal with acura! man i wish i got the IS300 when i had the chance.

vandy786

They were going for around $22k before the 2004s came out. If you wanted to sell without losing too much, you already missed your chance.

nuclear Fishin

Wonder_boy,

you got some bad info dude. First off I would go to more reliable sites like kelly blue book (www.kbb.com) or www.edmunds.com and price the car. According to those sites your car is worth $21-$22K. Also, look at your car. You have a 1 year old car with 4 years worth of mileage on it. If you price the same car with only 12,000 miles on it, it is worth $3,000-$4,000 more. Your car is only 3,000 miles away from running out of its standard warranty. Assuming you paid a fair price for your car, $22,000 is not bad considering the high mileage.

ColdFusionTL

Well, i just traded my car recently and the most infiniti said it was worth was around 24300. It was an 03TLS with 15k miles. They said resale value really went down because of tranny issues and because a new body style was just released. They also said that people would probably not buy a used tl because they can get a brand new 03 for the same price. My car looked as new as the first day i got it. No scratches, dents or swirl marks on the outside and no wrinkles anywhere on the seats. At least they gave a good deal on the trade-off.

fldave

I purchased my 2002 TLS with 15,500 miles for $23,000. The only other car I was considering was a 2002 9-5 Saab. The "deal" influenced my descision, for I was dead-set on the Saab. I checked both Edmunds and Kelly to confirm the "good deal." Only after the sale did I happen upon this site did I hear of the tranny problems. Had I known about the tranny problems prior to buying the TLS, I don't think I would have followed through with the transaction?I had done a car- fax and everything was "OKAY"! After the sale I took my TLS into the local Acura dealer for a sticking accelerator! there was a service memo regarding this problem:new throttle linkage solved this problem.While at Acura an outstanding recall for the timing belt tensioner pulley was done! This will be the first car I've ever owned where I feel a need for a cell phone just in case of a catastrohic mechanical failure! Other than that, right now my car runs great.

FlDave

Tom Blasing

Was the value you found applying to a personal sale or a trade in value? Trade in value has always sucked.

r10apple

The best source is what most banks and insurance companies use: NADA...
As of November '03, our NADA numbers reflect a trade-in value on your car of $19,845 with a mileage deduction of $1,300. The loan value is $18,000 and retail is $23,005--both without mileage deductions. None of these values add back in $400 for your navi, either...The MSRP was $31,030.

The new model year has killed the resale--for now. It will pick back up for 2005/6...

As for your Civic comment, well the most valuable Civic model is the 5spd hatchback with a trade-in of $13,700 (before the same mileage deduction) and with every option, it only adds another $375. The loan value is $12,250 and the retail is $15,850. It's MSRP (without options) was $19,000 with options totalling $1,310.

If you take the trade in value, with options and mileage deductions, your TL is worth 61.1% of it's MSRP and the Civic would be worth roughly 62.9% of its value. Now, a TL without navi (as noted above) would actually have netted you 64.2% of it's value. See why buying a map is so much more economical???

Twenty03 Type-S

I think, though, he has missed an important thing to remember. A car is an investment that will always continue to lose value. Unless you're talking about very rare cars, ALL cars lose value. Period.

pianoman41

Actually I believe the mileage on your car (47K) is a major reason you took a hit. The auto industry still considers the "average" yearly driven mileage to be 12-15K per year. Anything over that is considered high mileage, regardless of other factors. You may be like me, who bought their '02 in '01 (bought mine in May '01 and I have 38K on mine). Unfortunately the resale books don't take purchase date into consideration. All they see is this: it is 2003 and you are checking the value of a 2002 vehicle. Vehicle is 1 year old and has 47K on it. Very high mileage and you get spanked accordingly. If you parked it tomorrow and didn't drive it until next year, your value may actually go up because it will be 2004 and you will have a 2 year old vehicle which means 23.5K miles a year. Still high but way better than 47K for a one-year old car.

Remember, resale value doesn't care when the car was bought. Joe Consumer is going to see a 2002 as a 1-year old car with 47K miles and pass on it.

samkws

just talked to the salesman at acura and he said u can't avoid it...

since the new TL is out, and there are SO MANY old TLs out for the used market now since eveyrone is trading in their 99-00 TL for the new TL...

suddenly it got so much TL out there and it hurts the resale value and he said it' s not a wise idea to trade in the 02-03 TL eihter...

he told me to keep it for at least 2-3 more yrs b4 i go get for the new TL, since my 02TL is pretty brand new and it keeps my car's value and there would be more discount by then~

if u want resale value, think of the MDX or Lexus RX300, the demand is sooooo high that u can't believe~!!!

Tracer

I am keeping my 99 till the 05's come out, then i will do the trade in thing and here's hoping the deal will be good.

I actually had someone offer me $16,000 for my 99 last week. I didn't go for it, he wanted my wife with the car

Tracer

Pure Adrenaline

iTrader: (2)

When I got my car, the projected resale value after 3 years was 52% of the MSRP price. That's 16551.6.

Better than my brother's car, an '01 Eclipse GT, which took a 50% hit after only 2 years of ownership.

I would say Acura's resale value is actually pretty good. But now is just not the best time because the model just came out.

Now there are some weird cases where the value of the previous model goes UP due to the release of a new model -- the BMW 7-series.

When the new model came out, the resale value of the previous generation models actually went up, because the design was so controversial that people either did not want to trade in, or the dealerships had to offer higher than normal resale value on trade-in's to sell the the new 7-series. Nevertheless, I stll see a lot previous gen. 7-series rolling around in my town. That's very weird, because the moment a new model comes out for the popular models (BMW, GM SUV's, MB, etc.), nearly all of them upgrade.

But Acura's never one to take a risk in design, so whatever. My lease is running up in July 2006. I'm going to be negotating a new buy-out price and keep it. I'm exactly not a fan of the new TL's design, and DVD Audio and Bluetooth doesn't tempt me when I don't like the design.

Type S Lady

IS300's don't hold their resale value either, and that is no surprise. Before I got my TLS I was looking at the IS300 and new with manual/suede/roof was somewhere around $30,500. But used 03's were going for 22k-23k (Now that's a low resale value) But I think the tranny issue hurts resale values for the TLs and the fact that there is a new design out. You should have tried to sell some time last April-May because of the new bodystyle.

samkws

maunal cars doesn't hold resale value too.....

buy the auto if u want ur car to get higher trade in value~

of coz there are soem certain exceptions...like the 540i 6spd is red hot in the used market, but who would want accord with a stick??

my friend couldn't get rid of his 99 accord manual becoz of teh poor resale value, nobody wants it.....

DOLEFEE

Funny, I checked the Blue book just last week, comparing a '03 IS300 5spd to my '03 TL-S w/o Navi. The IS300 is worth about a grand more! $25400 compared to $24500. No regrets though. Now if they had bumped the HP/TQ on the IS300 to about 250 or so, I think I would have been all over that. And the G35 Cpe 6MT was out of the question since my wife is expecting in May. Oh well...

Pure Adrenaline

iTrader: (2)

Well, the question is, what were the MSRP's on each car after options/etc.?

Got_3.2?

iTrader: (2)

dats y i would never buy a new car... depriciation would just kill me.

1SICKLEX

Depends. Many enthusiests will pay top dollar to get a manual over an automatic. Especially if the manual is no longer produced or rare.

With mass produced cars, yeah autos hold more value.

samkws

u just quouted one part...where were my others??


u didn't quote this...

of coz there are soem certain exceptions...like the 540i 6spd is red hot in the used market
[B]

groebuck1

What is killing resale is the 0% financing (or 1.9 or 2.9). There has been a flood of trade ins and such and no one is buying used cars when you can get a new one with no interest.

oxidizer2k

well, atleast he wanted to give you $15,999 for your car......

ncelk

Just bought the TL, very happy with it (2002 TL-P) w/ 24k.

I really don't think the resale is bad when you compare it to the 2001 Mercury Sable we traded.

Car listed for $21k sticker in 2001.

Of course it had 76k on it when I traded it but, we got a grand total of $4500 for it.

Now that is crappy resale....

BEIKAY

An Acura dealer is selling lease returns of 2000 models not for $22k, $21k or even $20k. But for the crazy low price of $19,999.00 In Pleasanton, California and spending good money promoting that fact. As a 2002 TL-S owner I think I could get more money. If I got $22k, I lost 25% of value in 2 years and 37k miles. In dolar terms about 7500 bucks. If I include the $6K I got for mileage reinbursment, what a deal. But, even without that the TL is not a bad bargain in my opinion. About $312.5 per month average depreciation and leveling off to even less. The best part is I still like driving it!

oxidizer2k

actually, thats not too bad.... for an american car... did you take care of it real well?

ncelk

Car was very well maintained.

Looked great, no accidents, all service records since new.

It really cosmetically looked as close to new as it could with 76k. The only real sign of the miles were a few minor paint chips from rocks on the front bumper and hood, and that is really nitpicking the car.

I was braced for the depreciation because of the miles.

We do like our TL however. Hope not to put as many miles on it.