Guys, just curious as to how much I would really lose if I were to possibly trade-in my '07 5AT TL-S for a 6MT, granted I even find one in good condition.

The car currently has 39k and was just curious as to how a trade-in really works and stuff. I know a few members are probably more familiar in dealing with this so I figured I would ask the 'zine for some advice TIA.

 

go ahead if you can afford the extra $$$.

 

Wouldn't you actually gain by getting a 6MT?

 

Do it. I've always said if I found a KBP TL-S 6MT with similar miles to mine I'd trade.

 

The trade in price should be pretty good considering the miles. If it's an Acura / Honda dealer, they might give an even better price knowing you are buying same vehicle / brand. In the end, you will probably still have to dish out some extra cash toward the 6MT unless you get one with higher miles.

 

I would like to keep the payments the same, or slightly more.

Rain- How long have you had your 6MT and are you happy with it? I just turned 30 and feel like I should make the move to an auto but still miss and dream about 6MT, especially since I have been driving a manual for the last 8 years.

Yeah I hear ya man, the thing is they are very hard to find. There is a CBP 6MT with taupe interior in MD with 52k, but I am not a fan of CBP (sorry guys) and the taupe interior.

Yeah, I was hoping to find one at the dealer I originally purchased it from.

 

The only way to own a type s is with a manual gear box. That said, you are better off selling private than losing your ass on a trade in just to get a manual trans.

 

I've had it for a little over a year now and it was the best decision I've made. I'm with you, I have a mustang that I drove for like 10 years that's manual and when I was looking for a TL-S I wanted an auto, until I drove the 6MT, I'm 30 as well so I know where your coming from, driving in traffic still sucks but this car just makes it a little more enjoyable...you won't regret it!

Found a KBP 6MT at Wayne Acura of NJ

Not sure how to get the link listed off of cars.com, sorry

 

Im in the same boat too. Have a 2007 Type s WDP 5AT and wanted MT. But for me right now its now worth it to lose about 5-7grand for the trade in total. Apparently in trade in you need to pay Hst all over again which is shit balls

 

if you're going to trade in a car just to get the same car with a different transmission while LOSING money in the process, I'd get a different car altogether.

just my

 

I am assuming you mean sales tax? If so, yeah you're right forgot about all that. Sounds like a PITA but so many people do it I just thought it wasn't a big deal.

What other car? Personally, I don't find any other car besides the TL to be the best of sport, luxury and performance, shoot I may just even like a base TL with 6MT....although I would love an S4 but that is way out of my budget.

 

I had a couple local dealers looking for a type-s6mt for over two years now. They finally got in an 04 6mt base and I snapped it up. I'm still quite jealous of all of you with type-s' but very glad to be in a tl with 3 pedals. They are a rare bird indeed.

 

the answer to this question requires more information.

What did you pay for your auto and how much do you still owe on it (assuming you still owe because you said you want payments to be close to the same if you get a 6mt)?

If you paid top dollar for your auto, then you may lose several thousand dollars on the deal.

also I would not stretch your loan out just to keep payments low, if it came to that.

6mt is really cool, no doubt, but honestly I'm really weary about how much I borrow for a car. I own my '05 so when a type-s 6mt came along, I was able to just buy it without a trade or anything, and then turn around to sell the '05 privately and pay down the type-s with the proceeds.

That's really the best way to do it if you can - which is the final question - do you have another car you can use for a while if you sell your current TL privately? The problem of course with 6mt is that not many of them show up so if you want one like, now, you have to look nationwide usually - so if you don't have other means of transportation then it can be tough to go the private route, in which case you're stuck dealing with a trade-in at the stealership in which case you will most likely lose at least 3k if not 4 or 5k

 

Only sell private if you can get atleast $2k more. Why ?

Because when you trade-in a car you only get taxed on the difference.

Example. Trade-in. They give you $20,000 for your car, and charge you $23,000 on the new MT TL. You get taxed on the $3,000 diff. $3,000 x 7% = $210 tax.

Sell your car for $21,000. When you buy the MT TL for $23,000 you will get taxed-
$23,000 x 7%= $1610 tax.

Thats $1400 more tax if you sell your car, and buy the MT TL.

Go to CARS.COM and do a search. Thats where I have found MT Type-S.
Quite a few.

Just MY

 

Also if you owe say- 36 more payments, you can get a car worth $3,000 more and keep the payments the same if you go 42 months instead of 36 remaining on your car. Just add 6 months more payments.

GO FOR IT.

IF U REALLY WANT A MANUAL.

My last 3 cars were manuals.

I am going to buy an 07-08 Type-S with an auto.

I want to relax, manuals get me TOO REVED UP.

Time to CHILL IMO.

I had an 06 WDP TL Manual with $10k in mods and loved it.

So I have owned manuals and auto TL's.

I also had a new 06 TL Nav auto, and a new 07 Type-S auto.

 

Thanks for the help everyone it is making more sense now.

I purchased for 28.5k and put 7k down payment and took out a 72 month loan for about 3.4% finance rate. I currently owe around 16500 for it.

So, I think I cannot make a purchase or trade-in for more then 22k to keep payments around the same I believe.

So a trade-in would be better for the sales tax then selling private, unless I can sell for at least 2k, right?

There are very few 6MT on cars.com and I am looking for one within a 50 mile range.

 

Go for it. But just know that dealers do NOT want to budge on the price. I tried for two different ones at an Acura dealership in Wayne.

They had a blue 6speed with only like 30k miles, and they were trying to sell it for 32,000 (yeah okay). He didn't want to go much lower than 30 because "the car is a rare color and 6 speed." I later found out that they just "paid to much for the car."

Whatever.

Dealerships are raping for type-s 6 speed right now. So just keep that in the back of your head. I think that when I was in the market for one, there was 11 type s 6 speed for sale in the ENTIRE country. Supply and Demand is on their side.

Also, there are so many automatic type-s for sale that they will definitely probably low-ball you. I would try and sell it privately, if you have another car to fall back on for a little

 

yup, same thing happened to me when i bought mine. the identical car was for sale 30miles from my house (same mileage, 07 NBP 6spd Type-S) listed $5k higher than it should have been, they wouldn't budge. Drove 600 miles to save that money, totally worth it.

 

Yes. If you can get $1500 minimum more selling it yourself then go for it. Problem with selling it yourself is making appointments for people to view it, having to wash it several times, also will that person get a LOAN to buy it from you ??? Many reasons I prefer tradding-in. Selling yourself with timing. Will you be able to sell it yourself while a manual Type-S is available ???
Many factors I dont like selling it myself. If you have others cars you can drive, then you can sell your TL and then look for a manual Type-S.
Since a manual Type-S is so hard to find, all I can say is I HOPE it works out for you WITHOUT TOO MANY PROBLEMS

 

When dealers take a manual TL in for a trade they say the opposite- they say IT WILL BE HARD TO SELL A MANUAL.

Then after they give a low trade-in value because its a manual, then the sell them for a HIGH price because its RARE. Bullcrap.