Buy 08 TL-S or lease NEW 4G TL?
#1
Drifting
Thread Starter
Buy 08 TL-S or lease NEW 4G TL?
I'm curiosu what the consensus is here.
I am debating on two choices:
Lease a new 4G TL. either a base w/tech or just an SH-AWD non-tech. I believe I could get into one for $2500/down and about $500/month. maybe slightly less.
I can BUY a used 2008 3G TL-S for about $30,000. if I put down the same amount $2500, and finance the rest over 72 months, it comes out to about 500/month.
what is the smarter move? on the purchase, at the end of hte loan, I own the car, but if you assume I buy a car with about 15k on the odometer, and I put abotu 15k/year on it - at the end of my loan, I have over 100k miles on the car. in six years, the 2008 is goign to be 7-8 MY old. what is an 8 year old TL-S iwth 100k miles going to be worth then? 5k? it may not be worth a ton, such that the "residual" value at the end of the laon doesn't really make it worth a whole lot at the end.. or will it be worth 10k in 6 years??
I am debating on two choices:
Lease a new 4G TL. either a base w/tech or just an SH-AWD non-tech. I believe I could get into one for $2500/down and about $500/month. maybe slightly less.
I can BUY a used 2008 3G TL-S for about $30,000. if I put down the same amount $2500, and finance the rest over 72 months, it comes out to about 500/month.
what is the smarter move? on the purchase, at the end of hte loan, I own the car, but if you assume I buy a car with about 15k on the odometer, and I put abotu 15k/year on it - at the end of my loan, I have over 100k miles on the car. in six years, the 2008 is goign to be 7-8 MY old. what is an 8 year old TL-S iwth 100k miles going to be worth then? 5k? it may not be worth a ton, such that the "residual" value at the end of the laon doesn't really make it worth a whole lot at the end.. or will it be worth 10k in 6 years??
#3
How many miles on the 08? The price seems high, unless it has 5k miles on it or something similar. If the 08 is a CPO, the warranty isn't an issue, you'll get the extended warranty from Acura. Even if you have 100k at the end of the loan, it will be worth more than $5k, easily.
I drove an ok, it's a fairly different machine than a TL-S. The base has a more floaty, luxury feel, than a TL-S.
I drove an ok, it's a fairly different machine than a TL-S. The base has a more floaty, luxury feel, than a TL-S.
#7
Senior Moderator
iTrader: (1)
test drive both and see which one you like better.
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#8
Safety Car
iTrader: (4)
Prices vary a lot for some reason. There is a local stealership that has a 08 CBP TL-S with 13,000 miles on it they want $34.9!!!! im like WTF isnt that what it cost new? lol
I just got my 07 KBP TL-S with 23,000 miles for $27.
$27ish give or take a few seems to be the going rate for the S's right now.
I just got my 07 KBP TL-S with 23,000 miles for $27.
$27ish give or take a few seems to be the going rate for the S's right now.
#9
Prices vary a lot for some reason. There is a local stealership that has a 08 CBP TL-S with 13,000 miles on it they want $34.9!!!! im like WTF isnt that what it cost new? lol
I just got my 07 KBP TL-S with 23,000 miles for $27.
$27ish give or take a few seems to be the going rate for the S's right now.
I just got my 07 KBP TL-S with 23,000 miles for $27.
$27ish give or take a few seems to be the going rate for the S's right now.
#12
Team Owner
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I like buying my cars-not leasing. I feel like you get nothing when you're done-kinda like renting an apartment vs. purchasing a house.
I think the look of the 3G is much better than a 4G. The 3G is MUCH sexier in my opinion. If you can handle the look of the 4G's, you're a better man than I am.
I think the look of the 3G is much better than a 4G. The 3G is MUCH sexier in my opinion. If you can handle the look of the 4G's, you're a better man than I am.
#14
I can't stand the look of the 4G. I bought my '08 Type-S two weeks before the '09 dropped to make sure I got the 3G. The price on Type-S is too high though, get em to knock it down.
#15
Drifting
Thread Starter
honestly - what is a reasonable price for an 08 TL-S with roughly 15-20k miles...
26, 27, 30?? i remember them selling for 31.5-32k NEW toward the end of hteir active sales life..... so i think high 20s is themost i'd go...
26, 27, 30?? i remember them selling for 31.5-32k NEW toward the end of hteir active sales life..... so i think high 20s is themost i'd go...
#17
I got mine new for $32.5k with every available option (High Performance Tires, Wheel Locks, Trunk Tray, etc) in September. I know others have gotten an even better deal than that.
With 20,000 miles I'd have a hard time paying over $26k.
With 20,000 miles I'd have a hard time paying over $26k.
#18
Three Wheelin'
for what it's worth, I traded my 2001 CL typeS for 6,500 when I bought my TL-S. Other dealerships (bmw/infiniti/lexus) would only offer me 5,000 to 5,500 for it. It was 7yrs old and had 116,000 miles on it.
if you plan on keeping a car 6-7yrs, I would personally buy the car. And in my opinion the price difference in 6-7yrs from a 08 to 09 TL won't be that drastic even considering the generation change.
Another thing, for me, I opted to just pay cash for the TL-S because at the time the market was falling off big time, so I didn't see the value in holding on to my cash... not like I was going to invest it, plus the loan rate for a purchase was higher that interest from the bank.
if you plan on keeping a car 6-7yrs, I would personally buy the car. And in my opinion the price difference in 6-7yrs from a 08 to 09 TL won't be that drastic even considering the generation change.
Another thing, for me, I opted to just pay cash for the TL-S because at the time the market was falling off big time, so I didn't see the value in holding on to my cash... not like I was going to invest it, plus the loan rate for a purchase was higher that interest from the bank.
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