3G TL Type S Overpriced?
#41
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#42
#45
Checks all the boxes. Looks in pristine condition. Pricing makes sense, since they paid $19k for it at auction, then probably had to put some $$$ towards getting it detailed and up to showroom snuff.
So, can't fault them for the $24k price. Still, I wouldn't be willing to pay that much for this car. I hate to say it, but the TL-S is not a classic that will appreciate, if only because so many were made.
"Fair market price" is only what one single buyer is willing to pay for something.
So, can't fault them for the $24k price. Still, I wouldn't be willing to pay that much for this car. I hate to say it, but the TL-S is not a classic that will appreciate, if only because so many were made.
"Fair market price" is only what one single buyer is willing to pay for something.
#46
^^^ Actually I would not buy that car and here is several reason behind it.
1. Sure the car is in mint if not almost new condition.
2. TL-S MT sure are rare in certain combo but in no way they have the same used car market as 1st gen NSX.
3. You really can't put alot of miles in the car since you don't want the car to decrease in value.
4. What the point of spending $22-$26K car and let it sit and you really can't enjoy it, remember its a TL and not a Vette or NSX
The owner of the TL above trying to flip car and I saw several time he and the other guy trying to sell the car for $26k in the end no one paying that much for a 11 years old car that they ca't put mileage into it and the tech is out dated.
1. Sure the car is in mint if not almost new condition.
2. TL-S MT sure are rare in certain combo but in no way they have the same used car market as 1st gen NSX.
3. You really can't put alot of miles in the car since you don't want the car to decrease in value.
4. What the point of spending $22-$26K car and let it sit and you really can't enjoy it, remember its a TL and not a Vette or NSX
The owner of the TL above trying to flip car and I saw several time he and the other guy trying to sell the car for $26k in the end no one paying that much for a 11 years old car that they ca't put mileage into it and the tech is out dated.
The problem with these rare combo 3G TL is that while it is somewhat sporty and has a small following....it's not going to be on many collectors' minds...and so the community that would continue to shell out for these things will diminish....as opposed to true classics that will virtually guarantee increase in value.
THe issue with buying these low mileage 3G TL is that you cannot put lot of miles on it. Because you paid such a premium...and UNLESS you truly want to drive this specific car (which I think the gruop is VERY small), then you have to keep it as a weekend/low mileage status. And unless you own it purely for sentimental/emotional reasons, you would want the car to appreciate and maybe sell it years later for profit.
The problem is in 2027 will anyone pay $30,000 for a 2008 KBP TL-S 6MT? Because if it is truely a collectible car someone will....but this seems hard to fathom.
Of course the gamble is that in 10 years there will be virtually no other 3G TL in similar condition unless you have other collectors who are also stashing these in their garage and they try to unload them too.
And you find that one guy/girl how has been lusting after a 2008 3G TL in 2027/2028 and would pay high dollar for it....
But later TLs are reasonably priced at 10-15k.
#47
5 months later, I'm seeing similar examples (in boring neutral colors) with 75k-80k on the ODO listing at $11.5k or higher.
#48
Maybe you looked around quite a while before settling on that deal? I know for car enthusiasts we generally are more likely to score nice deals and snag up nice cars. Also listed pricing may not be the final transaction price after negotiations are done.
Used car lots (which where I think many laymen buy their cars from) are notorious for ridiculous markup and I'm not surprised they are that high. My own TL was acquired from a private seller and even then they wanted 8500 as the initial asking price.
#49
Stay Out Of the Left Lane
Joined: Oct 2003
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From: SE Mass --- > Central VA --- > SE Mass
This has a lot of merit. You have to remember as enthusiasts (and we are definitely in the minority) we tend to spend more time researching and digging which makes us more particular and informed. Many folks don't look at cars the way we do. It's just a form of transportation to get us from point A to point B. In the example above, someone will see a nice clean car with the flashy boy - racer blue paint and fall in love with it. They may negotiate a couple of grand off the asking price and think they have done well and/or will ask their rich parents to pay for it. It's all what the market will bear and what a buyer is willing to pay..........................
#50
Nice deal.
Maybe you looked around quite a while before settling on that deal? I know for car enthusiasts we generally are more likely to score nice deals and snag up nice cars. Also listed pricing may not be the final transaction price after negotiations are done.
Used car lots (which where I think many laymen buy their cars from) are notorious for ridiculous markup and I'm not surprised they are that high. My own TL was acquired from a private seller and even then they wanted 8500 as the initial asking price.
Maybe you looked around quite a while before settling on that deal? I know for car enthusiasts we generally are more likely to score nice deals and snag up nice cars. Also listed pricing may not be the final transaction price after negotiations are done.
Used car lots (which where I think many laymen buy their cars from) are notorious for ridiculous markup and I'm not surprised they are that high. My own TL was acquired from a private seller and even then they wanted 8500 as the initial asking price.
This has a lot of merit. You have to remember as enthusiasts (and we are definitely in the minority) we tend to spend more time researching and digging which makes us more particular and informed. Many folks don't look at cars the way we do. It's just a form of transportation to get us from point A to point B. In the example above, someone will see a nice clean car with the flashy boy - racer blue paint and fall in love with it. They may negotiate a couple of grand off the asking price and think they have done well and/or will ask their rich parents to pay for it. It's all what the market will bear and what a buyer is willing to pay..........................
Anyway, after unexpectedly losing my Mazda3 on Valentine's Day--in an accident nicknamed the "St. Valentine's Day Massacre"--I was left in a lurch w/out a DD and was starting to feel the pressure of time--that is, my insurance benefit of having a rental car (2017 Hyundai Elantra, piece of crap) was about to end.
At first my heart was firmly set on a 2013 Scion FR-S, even with all of its 1st year production problems and that notorious hole in the middle of the torque-curve. Was really hankering for the dynamics of a RWD sports coupe. Test drove a couple examples, one of which I took for a pre-purchase inspection. Even put an offer on that car, but it didn't work out.
After (reluctantly) letting go of the FR-S idea, I switched to looking at something less "whimsical" and more "practical"--namely, a 2G TSX and some 3G TLs. Test drove a TSX, but wanted more grunt under the hood.
Saw the car I'm in now listed on a dealer's website for $10.5k. Test drove it the same day and tried to talk them down to $9.5k. Ended up getting it for $9950 and have been pleased with it so far.
Like I said, I feel like I got lucky with this one example, which was purchased pretty hastily and without too much research.
#51
Dang that is quite lucky it seems (as long as there are no hidden surprises...hopefully!).
One of the biggest advice that I give now to friends/family who ask me for car-shopping advice is....don't wait for the last minute if you don't have to. The biggest issue with people having to cough up big bucks for mediocre cars are used lots is because most people, I reckon (no data to prove but proably true), only buy another car when their last car goes dead and its not immediately fixable and they are in a big time-crunch to find another car quick.
If you have time to look at several sources daily, then you are more likely to find a good deal/car. I was lucky in that I had about 1-2 months shopping time so I actually looked at about 4-5 sites daily for 1.5months before settling on my TL which was 1-owner with all records(higher miles though but the owners seemed like careful drivers).
One of the biggest advice that I give now to friends/family who ask me for car-shopping advice is....don't wait for the last minute if you don't have to. The biggest issue with people having to cough up big bucks for mediocre cars are used lots is because most people, I reckon (no data to prove but proably true), only buy another car when their last car goes dead and its not immediately fixable and they are in a big time-crunch to find another car quick.
If you have time to look at several sources daily, then you are more likely to find a good deal/car. I was lucky in that I had about 1-2 months shopping time so I actually looked at about 4-5 sites daily for 1.5months before settling on my TL which was 1-owner with all records(higher miles though but the owners seemed like careful drivers).
#52
Due to limiting my search to 6MT cars, it took me a long time to find mine back in May, a long time like five months long and many dozens of cars (probably over 100). I ended up paying fifteen-hundred more than I wanted for a car (the seller was asking for three-thousand more) with 20,000 more miles than my goal (but this one had just had the timing belt service performed). The thing was, the car I bought was so very much cleaner than all but one of the cars I'd looked at, I took it for a test drive, and wrote out a check for the negotiated price and told the seller I'd be back to pick the car up after the check cleared.
The thing is, for virtually all of my driving life, I've bought new cars, more than half of which were special orders. As happy as I am with buying the TL for well under a third of its original sticker price; I admit shopping for it was a pain in the ass compared to going into a dealership and ordering exactly what I want.
The thing is, for virtually all of my driving life, I've bought new cars, more than half of which were special orders. As happy as I am with buying the TL for well under a third of its original sticker price; I admit shopping for it was a pain in the ass compared to going into a dealership and ordering exactly what I want.
#53
I was looking for a new car for a few weeks. I looked at civic Sis for a while, but felt cheaply made. And slow. I really wanted this 2009 honda accord ex-L v6 with 6 speed. I was prepared to buy it actually, but after I felt insulted by the salesperson I walked away from the deal.
I decided to look at the TL on a whim, mostly because it was very very similar to the 6-6 accord I was going to get. The deler that had my TL had two 6spd models. I only shop manual cars, but cross shop models because I enjoy variety.
The main reason I got sold was the salesperson was really nice, he offered me a very reasonable amount for my previous car, and he respected my time and purchase. Also the prices on the TLs were pretty competetive, because they were on the "back" lot where cars not sold after 90 days go to get discounted. It had some minor issues but as an enthusiast I knew I could fix them.
I decided to look at the TL on a whim, mostly because it was very very similar to the 6-6 accord I was going to get. The deler that had my TL had two 6spd models. I only shop manual cars, but cross shop models because I enjoy variety.
The main reason I got sold was the salesperson was really nice, he offered me a very reasonable amount for my previous car, and he respected my time and purchase. Also the prices on the TLs were pretty competetive, because they were on the "back" lot where cars not sold after 90 days go to get discounted. It had some minor issues but as an enthusiast I knew I could fix them.
#54
Well the dealer bought the car at 19k at a auction so yeah this car is probably worth around 19-20k
the problem with buying a car at a premium price like this type-s is that you are still buying a car with almost 10 year old tech in it..
navi can still be useful but theres no lane departure warning, radar cruise control, side view camera, different driving modes, etc
also while the type-s isnt a gas guzzler, the newer measures and tech to increase MPG isnt going to be seen in this car either
so at the end of the day this price is truly for someone that wants to collect a 3rd gen 6spd type-s
the problem with buying a car at a premium price like this type-s is that you are still buying a car with almost 10 year old tech in it..
navi can still be useful but theres no lane departure warning, radar cruise control, side view camera, different driving modes, etc
also while the type-s isnt a gas guzzler, the newer measures and tech to increase MPG isnt going to be seen in this car either
so at the end of the day this price is truly for someone that wants to collect a 3rd gen 6spd type-s
#55
Why do we have yet another thread about something as subjective as pricing.. 'Worth' is a product of market supply and demand. Just because YOU aren't willing to pay, doesn't mean someone else won't be willing to.
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