Did our cars take a huge hit in value the last few months?

I bought a 2005 NBP TL Navi, black on black for 22,500 and with taxes 24k. I thought I made out because it was hard as hell to find a 6sp and it only had 20k miles and was in pristine condition. I figured it was worth 25k because I didn't really see any cars with similar specs below 25k.

Edmunds has it around 22k and kbb around 20k. Did the new 4th gen kill our values or did I not get as good a deal as I thought? What do you guys think about the values and what has happened in the last 6 months.

 

Well all older tl's price took a shit not saying yours is old, its just a new one came out and so prices are forced to drop...

 

It also has alot to do with the way the economy has been doing. I did alot of searching in ads, craigslist, etc and bought my TL a few months ago, for what at the time was a great deal. Now when I look around, the prices are definitly lower. People just cant afford to spend as much money now as they could a few months ago when the economy was a little bit more stable.

 

I dunno what you guys are talking about...

My TL is worth $100,000!!

 

^^ True, i forgot to take that in account too...

 

Well said, my friend !!! I'm in total agreement with you.

 

If you don't mind me asking, what did you pay a few months ago for your 05 NBP, seems like it has very similar specs to mine.

 

Nothing is worth more than......................


Sentimental value!! OH YEAH!! lol

 

Try this thread...

https://acurazine.com/forums/3g-tl-2004-2008-93/how-much-did-you-get-your-tl-640522/

 

05 NBP 6MT w/ navi and 53,000 miles I paid $19,000 out the door. I got a pretty good deal on it, the guy wanted $21,000 and i talked him down. Downside is I bought it from some sketchy used car lot, but its in mint condition and haven't had any problems with it.

 

yea man.. i paid 36k out the door for my 06 TL 6sp Navi and factory body kit two years ago.... put 12k down and financed 24k.. i can't believe how much the value has gone down in only a couple years.. i'm sure glad i plan to keep my car for awhile...otherwise i'd be losing so much money..

 

my car is just like yours, 05 NBP w/black leather and navi 6spd.....only difference was i got mine with 70k miles....but i only paid 15,000 + 1,000 tax tag title = $16k

 

there is a glut of used car on the market.....and TL are not known for long term reliability thanks to honda's shitastic automatic transmission.........even the newer ones suffer bad failure rates compare to older honda/acura

i just looked up my car....lol when I bought it 2 years ago it was worth 19K and now it is worth 11K according to nada. i paid 15K for it......with 40K miles and it now has 74K

 

well, if it matters I just got a 2005 for 13k non nav. The navi models are worth less if you can believe it.

 

How is that possible?

 

I don't know where you get your info from. Dealers buy cars at the auction and the price difference is usually about 500 to 700 bux for the navi option and they sell it for about 1200 more on the used market.

 

kbb shows for cheaper

 

For my benefit (and anyone else that cares)- can you post where you got this from? I'm interested to see how the 3G TL is not known for its reliability due to the transmission.

I find it hard to believe the 3G suffered massive tranny failures like the 2G did.

 

I was talking to a freind about how f-up the 4g is imo and he was saying how sometimes when a change in body style is unliked by most of the people in that market it makes the old body style increase in value as there is more demand for something no longer in production.

 

my NBP TL is priceless

 

the 04 and 05 users that have had their transmissions replaced the 99-03 users whom have had their transmissions replaced some MULTIPLE TIMES...........you honestly think that previous cars do not affect the current generation cars when it comes to resale?

all you have to do is google it



http://www.google.com/search?hl=en&s...oblems&spell=1

 

I tell you what else is losing value: my stocks! WTF! I also thought I got my TL for a song and now that's worthless, too. If only I had just purchased some gold bars...

 

when the ecomics collapse, that will be worthless as well......

 

So you're saying I should buy foodstuffs? I think the margin is lower...

It's kind of depressing to me that the more money I waste on my TL, the more it loses value. If only I could find a financial justification for BBK based on the increased value of my car.

 

So the handful of 04-05 owners who have had their transmission replaced in comparison to the massive tranny failures in the 2GTL means that the TL is unreliable?

The link you provided containing your google search says nothing to massive tranny failures/unreliability for the 3G.

There are three recalls that I am aware of. The most note worthy relevant to this discussion is this one:
2004 ACURA 3.2TL Recall ID from NHTSA: 04V176000
Auto Recall Date: APR 15, 2004
Vehicle Component: POWER TRAIN:AUTOMATIC TRANSMISSION
Model Affected 3.2TL
Estimated Vehicles Affected: 1099796 Recall Details



Auto Recall Date: APR 15, 2004


Vehicle Component: POWER TRAIN:AUTOMATIC TRANSMISSION
Estimated Vehicles Affected: 1099796
Model Affected
2004 ACURA 3.2TL


2004 Acura TL Defect Summary:
ON SOME MINI VANS, SPORT UTILITY AND PASSENGER VEHICLES, CERTAIN OPERATING CONDITIONS CAN RESULT IN HEAT BUILD-UP BETWEEN THE COUNTERSHAFT AND SECONDARY SHAFT SECOND GEARS IN THE AUTOMATIC TRANSMISSION, EVENTUALLY LEADING TO GEAR TOOTH CHIPPING OR GEAR BREAKAGE.


Defect Consequence:
GEAR FAILURE COULD RESULT IN TRANSMISSION LOCKUP, WHICH COULD RESULT IN A CRASH.


Remedy:
ON VEHICLES WITH 15,000 MILES OR LESS, THE DEALER WILL UPDATE THE TRANSMISSION WITH A SIMPLE REVISION TO THE OIL COOLER RETURN LINE TO INCREASE LUBRICATION TO THE SECOND GEAR. ON VEHICLES WITH MORE THAN 15,000 MILES, THE DEALER WILL INSPECT THE TRANSMISSION TO IDENTIFY GEARS THAT HAVE ALREADY EXPERIENCED DISCOLORATION DUE TO OVERHEATING. IF DISCOLORATION EXISTS, THE TRANSMISSION WILL BE REPLACED IF DISCOLORATION IS NOT PRESENT, THE DEALER WILL PERFORM THE REVISION TO THE OIL COOLER RETURN LINE. THE RECALL BEGAN ON APRIL 21, 2004, FOR PILOT, ODYSSEY, AND MDX OWNERS. OWNERS OF THE ACCORD VEHICLES WILL START RECEIVING LETTERS ON JUNE 28, 2004, AND ON JUNE 29, 2004, FOR OWNERS OF THE TL AND CL VEHICLES. OWNERS SHOULD CONTACT HONDA AT 1-800-999-1009 OR ACURA AT 1-800-382-2238.


Estimated Vehicles Affected: 1099796


Notes: HONDA (AMERICAN HONDA MOTOR CO.) P30/P31

I'm still not convinced that there was a widespread failure of tranny's on the 3G.

 

OK you're right The TL value has not suffered as a result of previous cars so why is it that you can get 2-3 year old TL with navi and under 60K miles for $20K or less?

Obviously I did not include the search results for this site

Ask 01TL4TL and he will tell you that the 04and some 05 model have the SAME TRANSS as the 01-03 model years and why is the acura powertrain warranty extended to 70K?

but hey you're right and the used car values are wrong............

http://lutherhopkinshonda.lutherauto...kargument=page


2006 TL navi for 19,995 milage 60K

you find them everywhere around here for that price

 

I do know that 04 and early model 05's share the same tranny that the 2G TL had. I think everyone here knows that or at least a great majority of AZ'ers. What I am asking is what proof do you have in making a blanket statement that the 3G is unreliable and that the "new ones suffer bad failure rates compare to older honda/acura?"

I'm sure your well aware of the financial crisis this country is in and maybe that plays a significant part into why values are lower? Maybe it's because there's a brand spankin' new model out?

06 G35 and 330i's can be had for under 20k too. What does that mean?

The sarcasm in your post does not convey your message any stronger....

 

lol I just provide you several links, open your eyes.............

and yet again you did not read my whole statement

"there is a glut of used car on the market.....and"

If acura didn't make an effort to stand behind the auto with goodwill, they would be worth even LESS

auto trans problems are the deathnote to a car's resale value. it will take at least the 2011 model year before we will know if resale valuse on used 09 TL are following the same trend...... Honda generally has strong residual value but their V6 auto trans problems have put a serious dent into that.......

 

So other than your "links" you have no statisitical data to back up your position and no hard numbers to show me or the rest of the forum and you conclude that based on the fact that since the trannies in 2G were bad in conjunction with the 04 recall and the fact that 04's and early build 05's shared the same tranny then that must mean that all 3G's are unreliable in general.

Is that right?

 

ok explain why the TSX hold's it's value better than a TL does............ could it be that it does not have the storied history of automatic problems that the TL does? if you have a car that was made from 99-05 with automatic problems, you are telling me that it has absolutly no impact on resale?

 

You made a blanket statement that the TL in general was unreliable. You didn't say that the 99-05 TL's were unreliable. I just wanted clarification on that specific issue.

Oh and my 05's transmission is just fine.

The 3G TL came out in late 03 as an 04 model. The stigma of Acura's transmission woes come from before the 3G was released.