anilhanda

So I found a 2006 TL WDP w/ Nav, Tan interior.

I test drove the car yesterday, it has 62000km's (~38500 miles). The owner's lease is up this Friday owner wants to make a deal so as to allow me to buy the car from the dealership. He's asking $22,995 and its going to cost me $20,560 to buy it from the dealership (+$500 admin fee).

Haven't looked at CarFax yet, but so far from what he told me the front grill had to replaced, and repainted twice. Once someone in a parking lot hit him (replaced/repainted) and a golfball hit it once (repainted). The car is in good shape as far as I can tell without getting an inspection done. The breaks felt a bit shoddy, they weren't as responsive as I felt they should have been.

Anyway, I'm goin to have to get it inspected before I can tell him what I'd pay him. Also, dealership wants me to pay safety/emissions test, and I'll have to buy it "as-is" ... what do you all think of this?

Thanks!

AMUA6

iTrader: (7)

Where do you live? 21k sounds about right IMO as long as it is in awesome shape.

anilhanda

Ottawa, Canada

AMUA6

iTrader: (7)

Not sure about the market in Canada, but here in TN that price sounds correct I'll let others chime-in. Have you checked values on kbb.com/nadaguides.com?

anilhanda

In Canada, it's priced a little different. But according to http://www.canadianblackbook.com it's a good price. I just don't know about the whole buying right after its returned from lease stuff... I've never heard of it done.

As far as I can tell it goes:

Me and lessee work out payment to lessee -> Lessee gives car back to dealership -> Dealership and I have a financing contract for the car ($20,560)

blueridger

There must be some reason the leasee does not want to turn in the vehicle. Find out what that reason is. If all works out the price sounds OK for a private party deal. For reference... a few months ago, '07 TLs with Nav and ~30k miles were selling for $22-23k in my neck of the woods.

guitarplayer16

iTrader: (8)

For that many K's, it sounds like a great price.

There's a 06 TL with 89,000km and no navi selling for $20,000 at my local Honda dealer.

anilhanda

He is returning the vehicle, but in hooking me up with the 'as-is' sale (ie. me buying it from the dealership, so not a private sale) he wants $1500. Since he has no takers, I'm not willing to really pay him much more than the $500 admin fee he has to pay to get the deal done. (ie. transfer the residual value to my name). Even then, I'm getting an inspection done and I want to ensure nothing is wrong with the car, since the sale is as-is.

images

iTrader: (2)

if he is turning the lease in anyway, why are you going to pay him? let him turn it in, then buy it from the dealer for 20xxx, am i missing something? you're paying this guy for doing nothing but turning in a car that his lease is up on anyway.

anilhanda

There is no way the dealership will allow this to go for 20xxx. The market price of non-Nav TL's with around 40-60k here is roughly 21,995...

images

iTrader: (2)

so, same price for you either way, right?

heres an idea, talk to the dealership, tell them you want the car, but you already have a check cut from your bank for 20000, and that is the absolute most you can spend, if they still tell you no, then you can continue to search or if you absolutely have to have this particular car, then make up some BS about finding 2grand in a grave in your backyard (make something up, you get the idea) and pay the same you would pay this guy for his "sweet hook-up" thats landing him 1500 for nothing.

there IS a way that dealership will let it go for your price, you just need to know how to talk to them, unless TLs sell like hot cakes where you're at and dealerships cant keep them on their lot more than 20 minutes, these guys are going to see a solid opportunity to sell the car quick and will likely take your offer. dealers like a quick buck too, they've already made their moneys worth from the lease payments.

Slooo97CL

iTrader: (1)

and whats your point?





I got my Certified 2007 Base TL w/o nav with 28k on the clock for 21,900. A mint 06 with nav with 38k should cost at least equal value to mine if not less.

No reason to buy this car...go look for another one

images

iTrader: (2)

for reference, i bought my 05 tl non navi 30,600 miles great condition inside and out, for 15225+TTL, 16047 out the door, you can DIY convert non-navi to navi for 1600, so lets say that it's a 2000 dollar option, that puts my 05 tl w/ navi at 18000, is TPMS and a few very small differences between 05-06 worth 3-4 grand? you decide

Roger555

iTrader: (3)

I got my 06 NBP W/ NAV 6spd 34,000mi perfect condition inside and out for 19,200

poormans_tl69

go for it...

anilhanda

Thanks.

A lot of what you're saying is really helpful, definitely. A thing to remember is that the TLs up here in Canada are bit pricier... thats just how it is up here. For any car! So I should have really stated that originally.

20k for the car is good and fine, but if I have to pay admin fee (500) safety, e-test (100-200), profit this guy wants (up to 1500) ... might not be worth it after all that, considering the car is AS-IS too. hmm, sucks i only have a few days to decide. but i guess if it's not meant to be it isn't...

guitarplayer16

iTrader: (8)

Ain't tax a bitch up here?

anilhanda

Naww... I love paying 2-3k more for a car (taxes) that's already 2-3k more than in the U.S.

Actually looking at U.S. car right now!

guitarplayer16

iTrader: (8)

2-3k? When I was looking for a TL we found a 05 without navi for $15,000 (same day right after I looked at the car I actually purchased).
Went into the office to figure out the total cost; $20,000.