aurora85

Just put in offer in at a dealership on an 07 with 14,500 miles. Their asking price is 25,680. I low balled at 22,500 hoping to realistically pick up the car for no more than 23500. Is this realistic?

I see 08s all over the place but they are asking 28-29K. Keep in mind I had a few friends buy new 08s a few months back for this price. Pretty crazy to pay the same for a used model.

Anyhow I have seen 07s go at the auction for around 18-19K. I need help on an accurate offer for a 07 model under 30,000 miles.

stephen.parker

Is it just the TL and not the S type? Where are you located?

paliknight

well the KBB value for a NON-navi 2007 TL (with 14500 miles) is around 28,000 dollars.

but in this economy, KBB doesnt matter anymore.

Babnik

Actually I have not observed a reduction in the prices of used cars in general due to the economic recession. There has been a slight drop in 3rd gen TL prices but that is due to the release of the 4th gen.

95oRANGEcRUSH

How long has this car been sitting on their lot?

I thik your offer is good. Remember, once you submit an offer they will counter that. Your counter can't be lower than your original so it's always a good idea to go as low as you can without looking like a moron. I think your offer is fair, especially in this economy. Whether or not this economy has affected the sale of used cars is irrelevant. A sale is a sale at this point so money switching hands is a good thing.

aurora85

it is a just the reg TL. I'm located in NJ. Anyhow he emailed back and said he could come very close to my offer. Hopefully this isnt a ploy..we shall see. Dealership is about 2 hours away so I'm trying to get a good price on phone/email so I dont have to waste time going up there.

Seems KBB is thrown at the window right now..I have buddies that have gotten some pretty good deals on cars lately that have been much lower than KBB or edmunds etc. Who knows?

Decaturflyer

I just paid $22,800 for a Certified 06 with 26K miles. They were asking $24,700 for it. The price I paid was a little less than what Edmonds said I should pay in Atlanta. I guess I still paid too much?

Steven Bell

iTrader: (2)

Aurora..everyone is desperate to sell cars now. Your offer is good. If they counter offer-you counter offer up from YOUR offer-not theirs.

2008 Kansas City Acura Meet
https://acurazine.com/forums/3g-tl-photograph-gallery-96/kc-acura-meet-pics-lots-pics-638782/

snake134

iTrader: (1)

you could get ti for 22k if you tried trust me. NO ONE is going to buy that car right now

dannyboy10

The auctions prices in the NJ/PA area for TL's have gone up over the past 2 months as new car dealers are showing up and buying auction cars that are in very good condition.

People are showing up at new car dealers with increased interest in 2-3 year old cars as they are afraid to plunk down 35-40k for a new 2009 TL

2006 TL's are now about $19,000 at auction for a car with less than 30,000 miles. Based on this, an 07 (low mileage) should be another $3,000 at auction if you can find them.

What auctions did you see 07's for 18-19k ? That must be
Nov/Dec 2007 auctions when the credit crisis hit. My friend got priced out by not pulling the trigger to buy a 2006 M35x for $19k from a dealer's auction buying service 2 months ago....a similar M35x is now over $21k at the auction.

dannyboy10

Used car prices have risen from the lows of fall/winter 2008.
Here's an article for all to read:

Economic slump drives used car sales, prices up



By Chris Woodyard, USA TODAY
March 16, 2009

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Used car salesmen are becoming the kings of the lot as demand for such vehicles is starting to rise.
While new car sales continue to fall, many dealers are finding buyers are willing to spring for a good used car instead.


The volume of used cars sold through dealers rose 3.1% in February compared with last year, the first year-over-year increase in 12 months, reports CNW Marketing Research. By contrast, new car sales slid 41.4% in February from a year ago.

Wholesale used car prices have risen steadily since October, including a 1.1% rise in February compared with January, says Tom Kontos, chief economist for Adesa Analytical Services, though they remain lower than in February 2008. "People are trying to be a bit more responsible in their major purchases," Kontos says, making used cars more attractive. It's "another sign of prudence."

AutoTrader.com, an online listing site for used vehicles, says it's seeing the same price trend at retail, especially for larger vehicles. The average price of all Ford F-150 pickups listed on the site is up 2.9% from October, spokesman Brian Gluckman reports.

Driving the increases:
• Necessity. A used car is a more economical alternative if the current car dies.
"There are people who need vehicles," says Mike Maroone, president of AutoNation, the country's largest dealer chain.

•Scarcity. Rental car agencies, a top source for late-model used cars, are clinging to their fleets longer to save cash. And poor new car sales also cut supply. "Dealers aren't getting any trade-ins," says Tom Webb, chief economist for Manheim Consulting. As a consequence, "they are bidding up prices at auction" to have used cars to sell.

•Desirability. Dealers can buy just the used cars that they think will sell rapidly. With new cars, they often have to take an automakers' slow sellers if they want more of the hottest models. Plus, used cars can carry good profit margins.

AutoNation is seeing gains in sales of "certified" used cars, the newest pre-owned models that are checked out and come with a warranty. Sales were up 15% last year and "single digits" this year, Maroone says. The program is being spurred, as well, by 2.9% loan rates offered by General Motors on certified used vehicles, including to buyers with imperfect credit.