What would u do if...???

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Old 06-12-2011, 09:17 AM
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What would u do if...???

Hey ppl I bought 2010 tl fwd in aug 2010 and I finance it now I really looking for manual tl awd and I went rellay acura they giving my for trade 24500 but I still ow 28000 to finance compny..and on kbb my car worth for trade is 29000 and around coz its 2010 black with tech packge...im really looking for manual car...so I wanna ask what sud I do keep the car pay it off or go into new one and my car only has 22000 miles..thnx in advance..
Old 06-12-2011, 01:20 PM
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Sometimes I wonder what the guys at KBB are smoking...
Old 06-12-2011, 03:42 PM
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Try another dealer. You have nothing to lose.
Old 06-12-2011, 04:00 PM
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If you want to take the loss and trade it in then do it now. May be you will get a better trade in offer at another dealer. If you try to trade it in a month later it will be several thousands less then the current offer. Now every time you look at your automatic you wish you had a manual so you aren't really happy and its eating you up on the inside.
A wise man would keep their car and ride it into the ground. But your heart wants what it wants. Nufff said.

Originally Posted by inder
Hey ppl I bought 2010 tl fwd in aug 2010 and I finance it now I really looking for manual tl awd and I went rellay acura they giving my for trade 24500 but I still ow 28000 to finance compny..and on kbb my car worth for trade is 29000 and around coz its 2010 black with tech packge...im really looking for manual car...so I wanna ask what sud I do keep the car pay it off or go into new one and my car only has 22000 miles..thnx in advance..
Old 06-12-2011, 05:11 PM
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Without being able to fully measure the merits of the entire deal, a good bet is usually to sell it privately. This might sound strange but KBB trade-in is usually the real world private sales price or what you can realistically expect someone to offer you if you were selling it on your own. You should be able to actually get $28k for your car privately and then should have no additional trouble going forward, plus there is a chance you could sell it for more than you owe.

Now if there is a tax deduction for trade-ins in your state, the other thing I would do (while maybe also entertaining offers on my car), would be to offer the dealer full price for the new car, assuming it is the 2012 6MT you are talking about, in exchange for them buying out your car.

Not sure about the exact likelihood that a dealer would bite on this but it accomplishes the same goal of selling it for what you owe and getting the going rate on the new car and it is a fair deal. The difference is the discount and the savings come from the state in the form of the taxes you would not have to pay and it's nothing off your or the dealer's back.

Regarding your particular deal with this dealer, if the tax law is in effect, I would only consider that trade offer if they went to at least $25k for you car and invoice on the new one. This way it is again very close to the same thing as selling the car for what you owe and getting the (national) average sales price and going rate for the new car.

The best case scenario that you actually have a realistic chance of achieving, would be selling the car for (little) more than you owe and getting invoice (or better) on the new car. This involves a bit more work and time plus the chances are slimmer but you would still come away just fine in any of the above scenarios IMO.

Last edited by winstrolvtec; 06-12-2011 at 05:20 PM.
Old 06-12-2011, 06:30 PM
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Originally Posted by inder
Hey ppl I bought 2010 tl fwd in aug 2010 and I finance it now I really looking for manual tl awd and I went rellay acura they giving my for trade 24500 but I still ow 28000 to finance compny..and on kbb my car worth for trade is 29000 and around coz its 2010 black with tech packge...im really looking for manual car...so I wanna ask what sud I do keep the car pay it off or go into new one and my car only has 22000 miles..thnx in advance..
So you bought the wrong car. Do your homework and make sure that this time you buy the right car for you.

You could try to sell it private party, but it takes patience.
I see this same story all the time. When the dealer wants to sell the car, they quote the KBB price. When they are offering to buy your car, they will tell you that KBB is worthless. The used market is really low on inventory, the dealer called me last week and offered me top dollar for my RDX if I wanted to come in and buy a new one. You should have no problem getting good money for your 2010 TL. The dealer will turn around and sell your old FWD TL for $33,275 and tell the new buyer that it is $1,000 below KBB!

If they will not work with you, find another dealer.

Patience: A minor form of despair disguised as a virtue. ~Ambrose Bierce

Last edited by Mr Marco; 06-12-2011 at 06:35 PM.
Old 06-12-2011, 11:29 PM
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007 had a good suggestion. Remember, dealerships are now paying top dollar for trade-ins. It's a good idea to shop it around, or do what Marco suggested and sell it privately.
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