08AcuraTL3

Do not know anything about trading cars in, so just curious. I have a fully loaded 08 acura tl, with 52k miles (a spec kit, lip trunk spoiler, and type s rims also). If I were to trade it in for a used 2010 tsx without tech package (preferably the v6), would I lose money? again I know nothin about this loll.

Any help would be appreciated, thanks.

tobwac

after a comparing those two cars seems like you gonna have to spend some money from your pocket in order to get TSX

TSXV6Guy

As a rule of thumb, you always loose money if you trade your car. You can sell it privately and then try to find a really good deal on the car you want. But that takes time and energy, and you have to be able to wait to find the car you are looking for...

crxgator

then you have to look at the tax situation. is selling it privately going to help me out on taxes. because if you trade in a car worth $20k on a car worth $25k, you only have to pay taxes on $5k vs $25k. (This is how it is in NY)

ceb

Go to Edmunds and appraise your car. On trade, expect to get a bit less than "average condition" trade in value (even if your car is in outstanding condition.) For the 2010 TSX, expect to pay somewhere between the "clean condition" private party and "outstanding condition" dealer retail.

Don't expect to get anything for your mods. A dealer may actually subtract value to return the car to stock condition.

Although "loaded" has several connotations (nav or no nav?) it looks like a nav with 52k miles trades for around $17k and a TSX 4cyl 2010 tech retails for about 25k with 30k miles.

You might not like the numbers and may vehemently believe that your car is in much better condition than average, but the reality is that the dealer will give you what the car sells for at auction.

Selling your car privately will get you a better price but - depending on your state tax laws - you may end up not reaping a tax benefit (as another poster mentioned, in some states you only pay tax on the difference between your trade and the new car.)

You'll need to educate yourself before you jump in or you'll lose thousands of dollars.

08AcuraTL3

^^^^ thanks a lot guys