Horrible resale value for TLX
#1
Horrible resale value for TLX
I’m wondering if others have seen in reality that the TLX has poor resale value. I have a 2 year old 2015 TLX AWD with 22K miles, and according to KBB, trade in is only around $22K to $23K. Retail is only $26K according to KBB. That’s awful.
My 9 year old Lexus IS with 130K miles had a value of $16K (sticker was $39K in early 2007). Kind of hard to believe that a car with 110K more miles and almost 9 years older was worth only $6K less than my TLX. The IS is a smaller car as well.
My 9 year old Lexus IS with 130K miles had a value of $16K (sticker was $39K in early 2007). Kind of hard to believe that a car with 110K more miles and almost 9 years older was worth only $6K less than my TLX. The IS is a smaller car as well.
Last edited by neil0311; 09-25-2017 at 10:08 PM.
#2
Burning Brakes
Confirmed with my Canadian 15 TLX as well, that year is terrible. Mine has less than 10k KM, fully loaded with a retail of 55k (tax in). Got a quote of 26k from Audi and 28k from Infiniti. According to CBB, pure max is 30.5k. On an almost new 2 year old car.
The 15s are useless, nobody wants them (including my Acura dealership). On Autotrader.ca, out of 62 TLXs within 100km of MTL, 36 of them are 2015s with most being V6s.
The 15s are useless, nobody wants them (including my Acura dealership). On Autotrader.ca, out of 62 TLXs within 100km of MTL, 36 of them are 2015s with most being V6s.
#3
I’m wondering if others have seen in reality that the TLX has poor resale value. I have a 2 year old 2015 TLX AWD with 22K miles, and according to KBB, trade in is only around $22K to $23K. Retail is only $26K according to KBB. That’s awful.
My 9 year old Lexus IS with 130K miles had a value of $16K (sticker was $39K in early 2007). Kind of hard to believe that a car with 110K more miles and almost 9 years older was worth only $6K less than my TLX. The IS is a smaller car as well.
My 9 year old Lexus IS with 130K miles had a value of $16K (sticker was $39K in early 2007). Kind of hard to believe that a car with 110K more miles and almost 9 years older was worth only $6K less than my TLX. The IS is a smaller car as well.
#4
So much for best in class resale value.
I guess that's good news for people who might want to pick up a used one. As a bonus, they get a craptastic 9ZF transmission.
Last edited by AZuser; 09-25-2017 at 10:55 PM.
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justnspace (09-26-2017),
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#5
Moderator
iTrader: (7)
Resale value definitely wasn't as good as I thought when I sold my car.
I got my 2016 tlx v6 with tech in August 2016(new), and sold it in May 2017 for $26700 to a car dealer with 5k miles...(mint condition)
I wish I could have sold it privately for more but acura leases state only a dealer/insurance is able to buy it before the lease is over.
I got my 2016 tlx v6 with tech in August 2016(new), and sold it in May 2017 for $26700 to a car dealer with 5k miles...(mint condition)
I wish I could have sold it privately for more but acura leases state only a dealer/insurance is able to buy it before the lease is over.
#6
That’s not true at all. I had the transmission replaced in Feb 2016 and it’s been fine ever since. If you’re still driving around with one of the early original builds and having issues, that’s your own fault at this point.
#7
Wow. I paid $37,500 originally for a Tech AWD, but Honda paid me $6500 as compensation for the issues I experienced with the transmission and electronics, and fixed the problems. So I have $31,000 (plus tax) in the car, which I guess isn’t bad. I own it outright and had planned to keep it for 10 years, but now will probably sell once the warranty is all done.
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#8
If you want to make yourself feel better, go to see the rlx forum
they are losing their shirts
$24k resale for 3 year old RLX :
https://acurazine.com/forums/third-g...d-club-962741/
they are losing their shirts
$24k resale for 3 year old RLX :
https://acurazine.com/forums/third-g...d-club-962741/
#9
Tell me how awesome the 9ZF is again?
#10
Senior Moderator
Just hit 20k in mine; no issues to report with the ZF in my '16.
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Christopher. (12-26-2017)
#11
Geez...reading comprehension much? Did you miss the part where it’s completely fine now? It was replaced because earlier builds had an issue. The newer versions have been fine since mid-2015.
#12
Intermediate
#14
Intermediate
#15
I guess we all wanted an Acura. I had Hondas before that held up very well on resale. I guess it goes to buying a first model year vehicle, which I will never ever do again.
Oh well, lesson learned. Maybe the value will stabilize over time. I’ll be selling around the time the power train warranty expires just in case.
Oh well, lesson learned. Maybe the value will stabilize over time. I’ll be selling around the time the power train warranty expires just in case.
#16
I’m wondering if others have seen in reality that the TLX has poor resale value. I have a 2 year old 2015 TLX AWD with 22K miles, and according to KBB, trade in is only around $22K to $23K. Retail is only $26K according to KBB. That’s awful.
My 9 year old Lexus IS with 130K miles had a value of $16K (sticker was $39K in early 2007). Kind of hard to believe that a car with 110K more miles and almost 9 years older was worth only $6K less than my TLX. The IS is a smaller car as well.
My 9 year old Lexus IS with 130K miles had a value of $16K (sticker was $39K in early 2007). Kind of hard to believe that a car with 110K more miles and almost 9 years older was worth only $6K less than my TLX. The IS is a smaller car as well.
Just looked on cars.com and saw these prices
Used 2008 Lexus IS 350 $14,490 WAS $14,990 Mileage: 76,173
So trade in on yours with nearly twice the miles would be under 1Ok most likely. If you can get anything close to 16 take it and run. Dealers look at the market and give trade based on what else it out there rather the KBB or other pricing sources. Regardless the 2015 have a bad rap and the market will not be kind to them. Then the 2017's were discounted heavily so that you could get a near 40k sticker car for 32k or less new doesn't help. I traded my 2017 into acura for 30,500 but the audi dealer wouldn't budge above 26k for it with 5k miles.I was happy to not have to take too much of a haircut on it.
#17
Moderator
iTrader: (1)
with an average of 16 million new cars sold...of course resale value will take a hit. coupled with the bad press of the TLX zf 9speed, it not a surprise that you all are taking hits on resale value.
I live in Houston, along with Miner...and there are absolutely NO '18s on the road. TOns of MDXes tho
I live in Houston, along with Miner...and there are absolutely NO '18s on the road. TOns of MDXes tho
#18
Burning Brakes
I guess we all wanted an Acura. I had Hondas before that held up very well on resale. I guess it goes to buying a first model year vehicle, which I will never ever do again.
Oh well, lesson learned. Maybe the value will stabilize over time. I’ll be selling around the time the power train warranty expires just in case.
Oh well, lesson learned. Maybe the value will stabilize over time. I’ll be selling around the time the power train warranty expires just in case.
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justnspace (09-26-2017)
#19
Moderator
I guess we all wanted an Acura. I had Hondas before that held up very well on resale. I guess it goes to buying a first model year vehicle, which I will never ever do again.
Oh well, lesson learned. Maybe the value will stabilize over time. I’ll be selling around the time the power train warranty expires just in case.
Oh well, lesson learned. Maybe the value will stabilize over time. I’ll be selling around the time the power train warranty expires just in case.
1) Sedan sales are tanking - demand has shifted to SUV/CUV market.
2) The 2015's had issues (more specific to the V6 models but the 2.4 had a few TSB's as well) which are possibly entering into the equation.
3) Lack of demand has driven the price down for the new models which certainly plays a part in the resale of a car that's just a few years old.
4) Luxury or semi Luxury cars get hit harder, percentage-wise, than normal cars with regards to depreciation - ESPECIALLY in the first 2 years. It's not a value purchase and certainly a poor use of money if you're only focusing on value.
All that adds up to a challenging time to get top dollar for resale right now or in the foreseeable future in my opinion.
I'm with you 100% on the not buying a first year model again. I'm watching for the upcoming redesigned RDX - but won't be buying one until at least 2020 if it is indeed what I'm interested in. Not interested in being the "beta tester" again!
Last edited by CheeseyPoofs McNut; 09-26-2017 at 07:54 AM.
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#20
Why sell before the power train warranty expires, worried the awesome transmission will crap out?
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#22
Burning Brakes
Now, if Acura resumes building cars with a manual transmission, they just might be able to shake off the bad rep.
#23
Have they been? I got a 2017 as a loaner, and it was pretty lousy (or maybe that's how it's supposed to be and it was much worse before?)
#25
I am one of the weirdos with 2 manual cars in the stable. In my family/friends/work circle, no one owns manuals anymore
#26
Suzuka Master
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#29
Burning Brakes
Normally buying Acura or Honda helps with the amount of money you "throw away" because of their good resales but in this case, it's worse or comparable to German cars. But if everyone buys used cars, then used car prices will go up to the point it make sense to buy new
#31
Not exactly, you build decent equity in homes, granted your paying interest but in most cases you should get a big chunk of your principal back and hopefully more if markets are doing well. Unless your buying rare cars, and sitting on them, your never going to get much money back from a used vehicle. You dont pay any interest when you rent but your not getting anything back when you decide to move.
At the end of the day, if you have the cash to burn then who cares assuming your on track to retire when u want.
At the end of the day, if you have the cash to burn then who cares assuming your on track to retire when u want.
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BEAR-AvHistory (09-26-2017)
#33
Senior Moderator
#34
Suzuka Master
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Posted about it contemporaneously back around 2008 or so in the 3G forum.
NOTE: Apparently the GM oil is really good stuff. A bottle of the concentrate was packed in the crate with the FORD LSD rear axle that I bought for the COBRA.
Last edited by BEAR-AvHistory; 09-26-2017 at 05:34 PM.
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F23A4 (09-26-2017)
#35
Banned
My BMW E90 was not easy to re-sell either.
But in counterpart I was very pleased with Acura leasing terms of 2016. I pay the same month amount indexed to inflation than my Accord EX-L 1999 ... with more tax and 36mo instead of 48.
Just another case of 'better lease'. Might not be true in 2018.
But in counterpart I was very pleased with Acura leasing terms of 2016. I pay the same month amount indexed to inflation than my Accord EX-L 1999 ... with more tax and 36mo instead of 48.
Just another case of 'better lease'. Might not be true in 2018.
Last edited by Saintor; 09-26-2017 at 06:18 PM.
#36
Never leased an acura
are they as subsidized as Benz and BMW entry level leases ?
are they as subsidized as Benz and BMW entry level leases ?
#37
Banned
#38
Suzuka Master
I’m wondering if others have seen in reality that the TLX has poor resale value. I have a 2 year old 2015 TLX AWD with 22K miles, and according to KBB, trade in is only around $22K to $23K. Retail is only $26K according to KBB. That’s awful.
My 9 year old Lexus IS with 130K miles had a value of $16K (sticker was $39K in early 2007). Kind of hard to believe that a car with 110K more miles and almost 9 years older was worth only $6K less than my TLX. The IS is a smaller car as well.
My 9 year old Lexus IS with 130K miles had a value of $16K (sticker was $39K in early 2007). Kind of hard to believe that a car with 110K more miles and almost 9 years older was worth only $6K less than my TLX. The IS is a smaller car as well.
resale on many cars sucks last few years. The amount of used cars on the market has depressed the trade in value. The pressure to sell new cars and their discounts and then leases are driving resale low as there are so many used cars on market and people are keeping their cars longer. That is why I am back to leasing to make sure I can get a fresh car every 3 years. I am sure the 15 tranny issues is also pushing resale down.
#39
don't be so defensive
I have leased German
i never leased acura
you leased acura
thus I was asking you a question
geeez
#40
I’m wondering if others have seen in reality that the TLX has poor resale value. I have a 2 year old 2015 TLX AWD with 22K miles, and according to KBB, trade in is only around $22K to $23K. Retail is only $26K according to KBB. That’s awful.
My 9 year old Lexus IS with 130K miles had a value of $16K (sticker was $39K in early 2007). Kind of hard to believe that a car with 110K more miles and almost 9 years older was worth only $6K less than my TLX. The IS is a smaller car as well.
My 9 year old Lexus IS with 130K miles had a value of $16K (sticker was $39K in early 2007). Kind of hard to believe that a car with 110K more miles and almost 9 years older was worth only $6K less than my TLX. The IS is a smaller car as well.