Should I trade in my car for a '12 TL?
03-20-2011, 07:31 AM
#1
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Should I trade in my car for a '12 TL?
Honestly, I've been having this itch to jump into a new car. I still have a little over 2 years left on my current car to pay but I want to jump into a brand new '12 TL awd 6mt. Any Suggestions?
03-20-2011, 07:35 AM
#2
Suzuka Master
It all depends on your finanaces. If you owe more than current car is worth then don't do it. If you have a decent downpayment and equity in the car you have now, then maybe go for it.
03-20-2011, 10:09 AM
#5
Instructor
I don't know you from Adam, but I'm going to step out in the middle of traffic and guess that you're under 40 and maybe even under 30, because what you're talking about here is generally thought of as a young person's car (or an eccrentric old person's car)
I also understand having a bad dose of the "I-wannas" - that's fine, but please go into this with your eyes wide open because you are going to eventually take a royal gouging of epic proportion when the day comes that you want to sell or trade-in any car with a stick shift. Trust me, been there and done that with several Corvettes in my lifetime.
'12 TL SH-AWD, yessir, you betcha, in a heartbeat!
With a stick shift? Judas priest, not unless you have money to burn (and since you'll be financing it, I'm guessing that you don't)
What initially seems appealing to you, (the SH-AWD) is nifty-keen (but expensive) date-bait that in reality appeals to fewer than 5% of TL buyers (according to my dealer). Compounding that niche-interest with a manual transmission also suggests to me that there's a good chance this car of your dreams may have to be special-ordered. Are you ready to plunk-down several thousand in earnest money and then wait 6 or 8 weeks for it?
I have been screwed so many times in my younger years on stick-shift cars that I can't say enough against them. Fun as hell to drive but a horrible investment. Three, four or more years from now you'll likely be trading it in for something else and that stick-shift is going to send up red flags to any used car manager that this car has been hot-rodded and beaten (whether it has or hasn't).
Also, saying that you have "a little over 2 years" still owing on your present car is another way of saying you're only 1/2-way through a typical 5-yr loan. If true, that would tell me that there's a good chance that you possibly still owe more than it's worth (unless you had a big down-payment).
Even with 0% financing (which I doubt you'll find on a 5-yr loan) with nothing else down besides a near zero-equity trade-in, you're looking at a minimum of a $750 monthly note. Can you handle this along with your other obligations and without unfairly penalizing significant others? Also, how stable is your income? If you lost your job could you still swing this?
03-20-2011, 11:36 AM
#6
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Okay you asked, so here's dad's 2¢ worth. (father-son fireside chat)
I don't know you from Adam, but I'm going to step out in the middle of traffic and guess that you're under 40 and maybe even under 30, because what you're talking about here is generally thought of as a young person's car (or an eccrentric old person's car)
I also understand having a bad dose of the "I-wannas" - that's fine, but please go into this with your eyes wide open because you are going to eventually take a royal gouging of epic proportion when the day comes that you want to sell or trade-in any car with a stick shift. Trust me, been there and done that with several Corvettes in my lifetime.
'12 TL SH-AWD, yessir, you betcha, in a heartbeat!
With a stick shift? Judas priest, not unless you have money to burn (and since you'll be financing it, I'm guessing that you don't)
What initially seems appealing to you, (the SH-AWD) is nifty-keen (but expensive) date-bait that in reality appeals to fewer than 5% of TL buyers (according to my dealer). Compounding that niche-interest with a manual transmission also suggests to me that there's a good chance this car of your dreams may have to be special-ordered. Are you ready to plunk-down several thousand in earnest money and then wait 6 or 8 weeks for it?
I have been screwed so many times in my younger years on stick-shift cars that I can't say enough against them. Fun as hell to drive but a horrible investment. Three, four or more years from now you'll likely be trading it in for something else and that stick-shift is going to send up red flags to any used car manager that this car has been hot-rodded and beaten (whether it has or hasn't).
Also, saying that you have "a little over 2 years" still owing on your present car is another way of saying you're only 1/2-way through a typical 5-yr loan. If true, that would tell me that there's a good chance that you possibly still owe more than it's worth (unless you had a big down-payment).
Even with 0% financing (which I doubt you'll find on a 5-yr loan) with nothing else down besides a near zero-equity trade-in, you're looking at a minimum of a $750 monthly note. Can you handle this along with your other obligations and without unfairly penalizing significant others? Also, how stable is your income? If you lost your job could you still swing this?
I don't know you from Adam, but I'm going to step out in the middle of traffic and guess that you're under 40 and maybe even under 30, because what you're talking about here is generally thought of as a young person's car (or an eccrentric old person's car)
I also understand having a bad dose of the "I-wannas" - that's fine, but please go into this with your eyes wide open because you are going to eventually take a royal gouging of epic proportion when the day comes that you want to sell or trade-in any car with a stick shift. Trust me, been there and done that with several Corvettes in my lifetime.
'12 TL SH-AWD, yessir, you betcha, in a heartbeat!
With a stick shift? Judas priest, not unless you have money to burn (and since you'll be financing it, I'm guessing that you don't)
What initially seems appealing to you, (the SH-AWD) is nifty-keen (but expensive) date-bait that in reality appeals to fewer than 5% of TL buyers (according to my dealer). Compounding that niche-interest with a manual transmission also suggests to me that there's a good chance this car of your dreams may have to be special-ordered. Are you ready to plunk-down several thousand in earnest money and then wait 6 or 8 weeks for it?
I have been screwed so many times in my younger years on stick-shift cars that I can't say enough against them. Fun as hell to drive but a horrible investment. Three, four or more years from now you'll likely be trading it in for something else and that stick-shift is going to send up red flags to any used car manager that this car has been hot-rodded and beaten (whether it has or hasn't).
Also, saying that you have "a little over 2 years" still owing on your present car is another way of saying you're only 1/2-way through a typical 5-yr loan. If true, that would tell me that there's a good chance that you possibly still owe more than it's worth (unless you had a big down-payment).
Even with 0% financing (which I doubt you'll find on a 5-yr loan) with nothing else down besides a near zero-equity trade-in, you're looking at a minimum of a $750 monthly note. Can you handle this along with your other obligations and without unfairly penalizing significant others? Also, how stable is your income? If you lost your job could you still swing this?
Cap, thanks. I've decided to keep my car. Just to inform you, I'm a 27 year old Psychiatric Nurse. I've already made some financial mistakes in the past and have paid them off through having a steady paying job. I do have the money to put down but i've decided to keep my car and not make another horrible investment. Anyway, to be honest with you, i really want to do it but i've decided to be responsible with my money. I'll just wait til i've exhausted my payments. Thanks again for the reality check
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03-20-2011, 11:52 AM
#8
Cap, thanks. I've decided to keep my car. Just to inform you, I'm a 27 year old Psychiatric Nurse. I've already made some financial mistakes in the past and have paid them off through having a steady paying job. I do have the money to put down but i've decided to keep my car and not make another horrible investment. Anyway, to be honest with you, i really want to do it but i've decided to be responsible with my money. I'll just wait til i've exhausted my payments. Thanks again for the reality check
03-20-2011, 11:57 AM
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Okay you asked, so here's dad's 2¢ worth. (father-son fireside chat)
I don't know you from Adam, but I'm going to step out in the middle of traffic and guess that you're under 40 and maybe even under 30, because what you're talking about here is generally thought of as a young person's car (or an eccrentric old person's car)
I also understand having a bad dose of the "I-wannas" - that's fine, but please go into this with your eyes wide open because you are going to eventually take a royal gouging of epic proportion when the day comes that you want to sell or trade-in any car with a stick shift. Trust me, been there and done that with several Corvettes in my lifetime.
'12 TL SH-AWD, yessir, you betcha, in a heartbeat!
With a stick shift? Judas priest, not unless you have money to burn (and since you'll be financing it, I'm guessing that you don't)
What initially seems appealing to you, (the SH-AWD) is nifty-keen (but expensive) date-bait that in reality appeals to fewer than 5% of TL buyers (according to my dealer). Compounding that niche-interest with a manual transmission also suggests to me that there's a good chance this car of your dreams may have to be special-ordered. Are you ready to plunk-down several thousand in earnest money and then wait 6 or 8 weeks for it?
I have been screwed so many times in my younger years on stick-shift cars that I can't say enough against them. Fun as hell to drive but a horrible investment. Three, four or more years from now you'll likely be trading it in for something else and that stick-shift is going to send up red flags to any used car manager that this car has been hot-rodded and beaten (whether it has or hasn't).
Also, saying that you have "a little over 2 years" still owing on your present car is another way of saying you're only 1/2-way through a typical 5-yr loan. If true, that would tell me that there's a good chance that you possibly still owe more than it's worth (unless you had a big down-payment).
Even with 0% financing (which I doubt you'll find on a 5-yr loan) with nothing else down besides a near zero-equity trade-in, you're looking at a minimum of a $750 monthly note. Can you handle this along with your other obligations and without unfairly penalizing significant others? Also, how stable is your income? If you lost your job could you still swing this?
I don't know you from Adam, but I'm going to step out in the middle of traffic and guess that you're under 40 and maybe even under 30, because what you're talking about here is generally thought of as a young person's car (or an eccrentric old person's car)
I also understand having a bad dose of the "I-wannas" - that's fine, but please go into this with your eyes wide open because you are going to eventually take a royal gouging of epic proportion when the day comes that you want to sell or trade-in any car with a stick shift. Trust me, been there and done that with several Corvettes in my lifetime.
'12 TL SH-AWD, yessir, you betcha, in a heartbeat!
With a stick shift? Judas priest, not unless you have money to burn (and since you'll be financing it, I'm guessing that you don't)
What initially seems appealing to you, (the SH-AWD) is nifty-keen (but expensive) date-bait that in reality appeals to fewer than 5% of TL buyers (according to my dealer). Compounding that niche-interest with a manual transmission also suggests to me that there's a good chance this car of your dreams may have to be special-ordered. Are you ready to plunk-down several thousand in earnest money and then wait 6 or 8 weeks for it?
I have been screwed so many times in my younger years on stick-shift cars that I can't say enough against them. Fun as hell to drive but a horrible investment. Three, four or more years from now you'll likely be trading it in for something else and that stick-shift is going to send up red flags to any used car manager that this car has been hot-rodded and beaten (whether it has or hasn't).
Also, saying that you have "a little over 2 years" still owing on your present car is another way of saying you're only 1/2-way through a typical 5-yr loan. If true, that would tell me that there's a good chance that you possibly still owe more than it's worth (unless you had a big down-payment).
Even with 0% financing (which I doubt you'll find on a 5-yr loan) with nothing else down besides a near zero-equity trade-in, you're looking at a minimum of a $750 monthly note. Can you handle this along with your other obligations and without unfairly penalizing significant others? Also, how stable is your income? If you lost your job could you still swing this?
I was surprised though to read you just paid very close to full MSRP for a car.
03-20-2011, 10:50 PM
#10
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Not an investment
Pardon me, I'd like to add my 1/10 cent to the Captain's excellent advice.
A car is not an "investment", it's an expense, and it can be a darn expensive major recurring one at that. Keep that in mind when you hear the siren call of the Gotta-have-it; wait a few days and the siren call will subside.
A car is not an "investment", it's an expense, and it can be a darn expensive major recurring one at that. Keep that in mind when you hear the siren call of the Gotta-have-it; wait a few days and the siren call will subside.
03-21-2011, 08:05 AM
#11
Mademoiselle Chanel!!
Pardon me, I'd like to add my 1/10 cent to the Captain's excellent advice.
A car is not an "investment", it's an expense, and it can be a darn expensive major recurring one at that. Keep that in mind when you hear the siren call of the Gotta-have-it; wait a few days and the siren call will subside.
A car is not an "investment", it's an expense, and it can be a darn expensive major recurring one at that. Keep that in mind when you hear the siren call of the Gotta-have-it; wait a few days and the siren call will subside.
I concur...car are surely not investments and a recurring expense.
03-21-2011, 01:07 PM
#13
03-21-2011, 02:27 PM
#15
Drifting
I'm scrathcing that same itch. I guess if you're not taking food off the table, clothes off your back or jeopardizing your finances, go for it.
03-21-2011, 02:38 PM
#16
honestly i have the 2011 ..i know there is not much difference between the 11 & 12 other than facelift and 6 speed manual tranny .....i have had the car since december and am losing sleep wising i would've gotten a better car...........
Dont get me wrong if you are looking for a nice car....that's reliable......and looks good and cost efficient it's perfect .....that's all the reasons i went for mine ....i even threw the dubs on it and threw some light tints .....i am on a different website every day looking at cars i could trade it in for ............
depending on what you want it for ...it's a perfect car ...but if you want a CAR CAR ....continue looking before you make the final decision ........
^^i meant 6 speed auto tranny
Dont get me wrong if you are looking for a nice car....that's reliable......and looks good and cost efficient it's perfect .....that's all the reasons i went for mine ....i even threw the dubs on it and threw some light tints .....i am on a different website every day looking at cars i could trade it in for ............
depending on what you want it for ...it's a perfect car ...but if you want a CAR CAR ....continue looking before you make the final decision ........
honestly i have the 2011 ..i know there is not much difference between the 11 & 12 other than facelift and 6 speed manuel tranny .....i have had the car since december and am losing sleep wising i would've gotten a better car...........
Dont get me wrong if you are looking for a nice car....that's reliable......and looks good and cost efficient it's perfect .....that's all the reasons i went for mine ....i even threw the dubs on it and threw some light tints .....i am on a different website every day looking at cars i could trade it in for ............
depending on what you want it for ...it's a perfect car ...but if you want a CAR CAR ....continue looking before you make the final decision ........
Dont get me wrong if you are looking for a nice car....that's reliable......and looks good and cost efficient it's perfect .....that's all the reasons i went for mine ....i even threw the dubs on it and threw some light tints .....i am on a different website every day looking at cars i could trade it in for ............
depending on what you want it for ...it's a perfect car ...but if you want a CAR CAR ....continue looking before you make the final decision ........
^^i meant 6 speed auto tranny
Last edited by Steven Bell; 03-21-2011 at 11:04 PM.
03-21-2011, 02:41 PM
#17
Drifting
honestly i have the 2011 ..i know there is not much difference between the 11 & 12 other than facelift and 6 speed manual tranny .....i have had the car since december and am losing sleep wising i would've gotten a better car...........
Dont get me wrong if you are looking for a nice car....that's reliable......and looks good and cost efficient it's perfect .....that's all the reasons i went for mine ....i even threw the dubs on it and threw some light tints .....i am on a different website every day looking at cars i could trade it in for ............
depending on what you want it for ...it's a perfect car ...but if you want a CAR CAR ....continue looking before you make the final decision ........
Dont get me wrong if you are looking for a nice car....that's reliable......and looks good and cost efficient it's perfect .....that's all the reasons i went for mine ....i even threw the dubs on it and threw some light tints .....i am on a different website every day looking at cars i could trade it in for ............
depending on what you want it for ...it's a perfect car ...but if you want a CAR CAR ....continue looking before you make the final decision ........
03-21-2011, 03:06 PM
#18
had a couple in mind
^initially i was looking at the M37x but thought that was to pricey for the car .....................so i started to look at bmw 5 series but they want alot for those also .....for the price of a TL they are selling the 5 series 2 to 3 years older with 40k on them ...and besides i like the body on the 4th gen TL better than the 5 series anyway so my last option was the 6 series .......but trying to get one of those with low miles for less than 40k is damn near impossible .......i have a brand new TL havent even hit 2000 miles yet its like why go back 2 or 3 years and have a car with 40k on it and be paying more .....doesnt add up
so what i will prob do is try to hold out until the initial acura warranty is about to run out then trade the car in ..and by that time ...they prob will have some crazy car out that i really really want .............
so what i will prob do is try to hold out until the initial acura warranty is about to run out then trade the car in ..and by that time ...they prob will have some crazy car out that i really really want .............
03-21-2011, 03:09 PM
#19
Drifting
^initially i was looking at the M37x but thought that was to pricey for the car .....................so i started to look at bmw 5 series but they want alot for those also .....for the price of a TL they are selling the 5 series 2 to 3 years older with 40k on them ...and besides i like the body on the 4th gen TL better than the 5 series anyway so my last option was the 6 series .......but trying to get one of those with low miles for less than 40k is damn near impossible .......i have a brand new TL havent even hit 2000 miles yet its like why go back 2 or 3 years and have a car with 40k on it and be paying more .....doesnt add up
so what i will prob do is try to hold out until the initial acura warranty is about to run out then trade the car in ..and by that time ...they prob will have some crazy car out that i really really want .............
so what i will prob do is try to hold out until the initial acura warranty is about to run out then trade the car in ..and by that time ...they prob will have some crazy car out that i really really want .............
03-21-2011, 03:09 PM
#20
Pro
03-21-2011, 03:24 PM
#21
i can not pinpoint it.....
^i really dont have an answer.......i think it is partially that i am now on my 3rd TL .........idk ....i just have a problem i believe.......i have a bad habit .........i just want a car that ...when i pull up no matter where i am at .........i get that WOW look at that car type of reaction.........lol....like the other day when i seen this dude with an BMW M6 ........i need to go to a meeting like AA but for cars........and it doesnt help that my boy jumped from a cherokee with the hemi srt8 to a porcshe suv gts model .............
03-21-2011, 06:30 PM
#22
The Sicilian
Buying a new car is the worst investment you can make and that is why I do my homework and buy dependable/reliable cars and drive them till the wheels fall off.
I also take care of my cars and keep up on the maintenacnce and repairs at all times. I definitely get my money's worth out of the cars I buy.
I also take care of my cars and keep up on the maintenacnce and repairs at all times. I definitely get my money's worth out of the cars I buy.
03-21-2011, 11:07 PM
#23
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^i really dont have an answer.......i think it is partially that i am now on my 3rd TL .........idk ....i just have a problem i believe.......i have a bad habit .........i just want a car that ...when i pull up no matter where i am at .........i get that WOW look at that car type of reaction.........lol....like the other day when i seen this dude with an BMW M6 ........i need to go to a meeting like AA but for cars........and it doesnt help that my boy jumped from a cherokee with the hemi srt8 to a porcshe suv gts model .............
You want a "WOW" effect-Lamborghini will do that for you every time!
2011 National AcuraZine Meet-Kansas City-June 12, 2011-Details Here!
.
03-21-2011, 11:20 PM
#24
Suzuka Master
Buying a new car is the worst investment you can make and that is why I do my homework and buy dependable/reliable cars and drive them till the wheels fall off.
I also take care of my cars and keep up on the maintenacnce and repairs at all times. I definitely get my money's worth out of the cars I buy.
I also take care of my cars and keep up on the maintenacnce and repairs at all times. I definitely get my money's worth out of the cars I buy.
Smart money says to drive a car until the wheels fall off, saving money along the way to but another well kept used car afterwards... I don't listen as well as I should.. but none of here do either. or most of us, anyway.
03-22-2011, 06:59 PM
#25
Pro
Indeed.. no other purchase loses value like a car does.. an average of 60% (according to financial wiz's) in the first 3 years. I'd stay in my '08 if it had the upgrades of the '12.
Smart money says to drive a car until the wheels fall off, saving money along the way to but another well kept used car afterwards... I don't listen as well as I should.. but none of here do either. or most of us, anyway.
Smart money says to drive a car until the wheels fall off, saving money along the way to but another well kept used car afterwards... I don't listen as well as I should.. but none of here do either. or most of us, anyway.
My point of view is: calculate how much you need to cover your desires (including saving for your old days) then choose how to burn the rest (if any).
My
-YetiTL
03-22-2011, 08:27 PM
#27
Instructor
When it's "opening day" of sales on the new model and inventory is low, it's a seller's market. I could have saved approx. $4500 by buying a 2011, but with the 2012s already on the ground it means the 2011 just had a birthday and will hearafter be considered last year's model. Essentially Acura screwed owners of 2011 and prior by bringing out their 2012 before the end of even the 1st quarter of 2011, forcing accelerated depreciation.I'm sure the economic downturn hurt sales, but with the early introduction of the 2012 I suspect Acura is also trying to rectify an unpopular and highly criticized cosmetic mistake. Some would argue that "the beak" grows on you, but so does ringworm. You either like the beak or you don't and most of Acura's strongest critics (their customers) didn't. They were losing sales. If I'm right about this, we could see a Dutch Auction later this year on remaining 2011 inventory along with a commensurate hit on 2009/10/11 trade-in values. Owners are understandably going to be hot.
03-22-2011, 09:52 PM
#28
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Yes I did. When it's "opening day" of sales on the new model and inventory is low, it's a seller's market. I could have saved approx. $4500 by buying a 2011, but with the 2012s already on the ground it means the 2011 just had a birthday and will hearafter be considered last year's model. Essentially Acura screwed owners of 2011 and prior by bringing out their 2012 before the end of even the 1st quarter of 2011, forcing accelerated depreciation.
I'm sure the economic downturn hurt sales, but with the early introduction of the 2012 I suspect Acura is also trying to rectify an unpopular and highly criticized cosmetic mistake. Some would argue that "the beak" grows on you, but so does ringworm. You either like the beak or you don't and most of Acura's strongest critics (their customers) didn't. They were losing sales. If I'm right about this, we could see a Dutch Auction later this year on remaining 2011 inventory along with a commensurate hit on 2009/10/11 trade-in values. Owners are understandably going to be hot.
When it's "opening day" of sales on the new model and inventory is low, it's a seller's market. I could have saved approx. $4500 by buying a 2011, but with the 2012s already on the ground it means the 2011 just had a birthday and will hearafter be considered last year's model. Essentially Acura screwed owners of 2011 and prior by bringing out their 2012 before the end of even the 1st quarter of 2011, forcing accelerated depreciation.I'm sure the economic downturn hurt sales, but with the early introduction of the 2012 I suspect Acura is also trying to rectify an unpopular and highly criticized cosmetic mistake. Some would argue that "the beak" grows on you, but so does ringworm. You either like the beak or you don't and most of Acura's strongest critics (their customers) didn't. They were losing sales. If I'm right about this, we could see a Dutch Auction later this year on remaining 2011 inventory along with a commensurate hit on 2009/10/11 trade-in values. Owners are understandably going to be hot.
BTW, not all stick shift cars are less desirable. Family sedans like the TL, yes, but most car enthusiats would take a 6spd anyday over these auto and hybrid trannies out there like the DCT, PDK etc especially with sports cars.
Anyways, enjoy your car.
Last edited by CalgaryAWDTL; 03-22-2011 at 10:00 PM.
03-23-2011, 12:51 AM
#29
Well considering that the improvement of the economy demands the people to spend more money ... please buy the new 12 TL. Don't worry about going into debt because it is quite normal to live above ones means and commit financial suicide. Remember someone will always bail you out.
03-23-2011, 11:24 AM
#31
The Sicilian
Well considering that the improvement of the economy demands the people to spend more money ... please buy the new 12 TL. Don't worry about going into debt because it is quite normal to live above ones means and commit financial suicide. Remember someone will always bail you out.
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