Residual drop???
#1
Residual drop???
I made the mistake of going on the web to see how sub 10K mile TSX's are holding their residual value as that was one of the reasons I bought the Acura. Don't depress yourself by looking! Perhaps chaulking it up to the economy, but you can get a manual w tech, with 6K miles for $26.5K - certified!
#2
The problem is too find right color and availibility is usually very less. Only serious buyers who intend to keep the car for long term are now in the market. As it is far harder to flip around cars in this market.
http://www.kbb.com/kbb/NewCars/Revie...ctedTabIndex=3
It's one of a handful of premium-branded cars that start at less than $30,000, it's loaded with the most modern of conveniences and its projected resale values best those of competitors like the Audi A4, BMW 3 Series and Volvo S40, and even slightly top those of its corporate stablemate and industry resale benchmark, the Honda Accord.
http://www.kbb.com/kbb/NewCars/Revie...ctedTabIndex=3
It's one of a handful of premium-branded cars that start at less than $30,000, it's loaded with the most modern of conveniences and its projected resale values best those of competitors like the Audi A4, BMW 3 Series and Volvo S40, and even slightly top those of its corporate stablemate and industry resale benchmark, the Honda Accord.
#3
I only paid $27,350 for a base auto with 4 miles. The only CPO I found was more than the new one I bought. I expect the car to lose value quickly over the first few years. The ALG has the 5 year residual at 40% of MSRP!!, far better than the BMW and the Audi.
#4
Burning Brakes
Join Date: Oct 2008
Location: Charlotte, NC
Age: 41
Posts: 1,200
Likes: 0
Received 2 Likes
on
2 Posts
Looking up the risidual value of a car with less than 10K is retarded. The car loses quite a bit of value initially just from being titled to an owner and driven off the dealer lot.
It's much more accurate to compare the risidual value of a vehicle with approximately 2 years or so worth of driving (since average leases are approx. 24 months), so around 24-30K miles. Then comparing that retained value to other cars. I bet it's still fairly high in regards to the competition.
It's much more accurate to compare the risidual value of a vehicle with approximately 2 years or so worth of driving (since average leases are approx. 24 months), so around 24-30K miles. Then comparing that retained value to other cars. I bet it's still fairly high in regards to the competition.
#6
WTH happened to my garage
I bought an 06 Altima SE-R in October 06. MSRP 31,8xx? Six months later it was worth 21k in trade. Private buyer offers were barely 1k better. As stated above, you can't use >1yr values for a true picture of what's to come over a 5 year period, even though most people trade every 3.5 yrs.
IIRC, Volkswagen was #1 in resale values as of, like, 8-9 months ago. I read it in a trade publication like...Autoweek or something?
IIRC, Volkswagen was #1 in resale values as of, like, 8-9 months ago. I read it in a trade publication like...Autoweek or something?
#7
Three Wheelin'
I made the mistake of going on the web to see how sub 10K mile TSX's are holding their residual value as that was one of the reasons I bought the Acura. Don't depress yourself by looking! Perhaps chaulking it up to the economy, but you can get a manual w tech, with 6K miles for $26.5K - certified!
Trending Topics
#8
A larger drop than normal
Looking up the risidual value of a car with less than 10K is retarded. The car loses quite a bit of value initially just from being titled to an owner and driven off the dealer lot.
It's much more accurate to compare the risidual value of a vehicle with approximately 2 years or so worth of driving (since average leases are approx. 24 months), so around 24-30K miles. Then comparing that retained value to other cars. I bet it's still fairly high in regards to the competition.
It's much more accurate to compare the risidual value of a vehicle with approximately 2 years or so worth of driving (since average leases are approx. 24 months), so around 24-30K miles. Then comparing that retained value to other cars. I bet it's still fairly high in regards to the competition.
With all of that said, my 07 Mini CoopS convertible droped only 10% the first year, and during the summer panic for high gas milage cars, I actually had the chance to sell it for more than I paid, even after 9K miles on it.
Regarding the "retarded" comment, I did not ride the short school bus to school :-)
#9
The interest rates on used cars is usually higher than new ones. So payment is pretty similar. there is still not that many 2 G TSX on used lots and i dont think there will be like 1G TSX. only serious buyers in the market.
I have run search for entire CA for used 2009. The lowest priced asking is $26K with 5K miles. and there are only 26 2009. most are grigo metalli. (the carbon color)
http://www.autotrader.com/fyc/search..._type=priceASC
I have run search for entire CA for used 2009. The lowest priced asking is $26K with 5K miles. and there are only 26 2009. most are grigo metalli. (the carbon color)
http://www.autotrader.com/fyc/search..._type=priceASC
Last edited by SSFTSX; 12-14-2008 at 03:39 PM.
#11
Drifting
Join Date: Aug 2007
Location: Pittsburgh, PA
Age: 46
Posts: 2,548
Likes: 0
Received 5 Likes
on
5 Posts
Trying to look at the numbers at this particular point in time is all but useless. The economy is all off kilter and people are going to be much more tight fisted about dropping car sized piles of cash around. The numbers you're seeing right now have huge error bars between them. Given the pool of used vehicles is so small, the sample population does not likely accurately reflect the general trends anyway.
In short, keep your pants on for a minute.
In short, keep your pants on for a minute.
Thread
Thread Starter
Forum
Replies
Last Post
emailnatec
5G TLX Tires, Wheels & Suspension
29
09-28-2018 04:27 PM
CLOSED: 3G Acura TL Model Car(Blue)
bluetl04
Non-Automotive & Motorcycle Sales
12
08-16-2016 02:49 PM
us285126
3G TL Audio, Bluetooth, Electronics & Navigation
9
10-02-2015 02:03 PM
4drviper
3G TL Tires, Wheels & Suspension
2
09-23-2015 07:42 PM