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2017 TLX 2.4 base resale value in the toilet already.
Long story short, I got out of my accord sport lease early and got into a 17 TLX 2.4 base. I carried over 2k in negative equity and my lease figures for the Acura are $0 down and $390/month. My residual is $19k.
Out of curiosity, I checked the current trade value of my Acura and its coming back at 19k - 21k. Mind you I have 26 more payments remaining and just hit 10k miles.
I’m happy with the car and it comes equipped with a few things that I wanted and didnt have in the Accord Sport (push button start, sun/moon roof, heated seats, better sound system, 8-speed dct, and just a better fit for me all around). I guess what i’m trying to get at is, is the bank in for a huge loss come 26 months from now when I turn this car in? I contemplated even buying it out at the end of lease, but with this info I’d be crazy to do so as I’m sure the buy out will be far more than what the car is worth in 26 months.
there's LOTS of factors going on right now.
Since 2015, there has been 15 million new cars sold and increasing every year.
there has been a shift away from sedans and has moved into crossovers.
Acura hasnt had the best four years with the TLX, namely how they handled the transmission issues of the ZF9.
Yep - the first two years are pretty nasty for depreciation for luxury or "near luxury" sedans.
Good for me! as I only buy used cars.
in a few years, used sedans will be worth pennies!!! I honestly can't wait for 2020+ as all these cars are coming off leases with MORE than 15 million to choose from!!!!!!!!!!!!!!!
Just wanted to thank you all for buying new cars.
Last edited by justnspace; 01-05-2018 at 10:16 AM.
Good for me! as I only buy used cars.
in a few years, used sedans will be worth pennies!!! I honestly can't wait for 2020+ as all these cars are coming off leases with MORE than 15 million to choose from!!!!!!!!!!!!!!!
Just wanted to thank you all for buying new cars.
Sounds like a plan. I will give you such a deal on a lightly driven 440 by a little old guy from Pasad….opps Raleigh.
Very hard to resell an used car $25000-30000+ 'mainstream' car when no financing. I tried to sell my Bimmer for 2 years.... until I sold it via my Acura dealer who financed my buyer at an appealing interest rate.
You can negotiate the price of the buyout at the end of the lease. If it's worth a lot less than your buyout (on your lease paperwork), it's worth Acura negotiating a "different" buyout price, rather than sending the car to auction.
Very hard to resell an used car $25000-30000+ 'mainstream' car when no financing. I tried to sell my Bimmer for 2 years.... until I sold it via my Acura dealer who financed my buyer at an appealing interest rate.
This is very true. Not the sort of thing you just put on Craigslist.
Selling a car can be a real pain in the butt & more often not worth it. Quick & dirty is take it to Car Max get a price then see what the dealer will give you. If you sell it to Car Max you need to beat the tax reduction you get on a trade. In NC that means if the dealer will give you $30,000 on a trade you need to get $30,900 on a private sale to break even on the tax. The tax on the new car will be for the full price rather then tax on the full price less the $30,000 trade.
I have both traded & sold to Car Max based on the numbers. If Car Max or similar is local investing a few hours can generate some extra cash for your deal. At the worse case it can give you a good idea as to the worth of your car for free.
Last edited by BEAR-AvHistory; 01-05-2018 at 03:30 PM.
There's a few ther factors playing into the resale price, as OP is indicating:
1. Sedans are no longer in hot demand. That in itself will kill resale.
2. It's a 2.4L base- which buyers rarely ever want- that hurts resale also. Base cars never sell well. It's the middle of the line appointed cars that sell the best.
There's a few ther factors playing into the resale price, as OP is indicating:
1. Sedans are no longer in hot demand. That in itself will kill resale.
2. It's a 2.4L base- which buyers rarely ever want- that hurts resale also. Base cars never sell well. It's the middle of the line appointed cars that sell the best.
It's interesting because Edmunds has been pretty spot on about the residual and current incentives. They state that the highest residual values are the Base and the ASpec. 2% higher than the other trims. Which in itself would fit a traditional bell curve for sales by trim, but what would cause middle tier models to be worth less in the long run? The technology? And a side note, the current lease incentives are now $4000. They're trying real hard to get more off the lots.
It's interesting because Edmunds has been pretty spot on about the residual and current incentives. They state that the highest residual values are the Base and the ASpec. 2% higher than the other trims. Which in itself would fit a traditional bell curve for sales by trim, but what would cause middle tier models to be worth less in the long run? The technology? And a side note, the current lease incentives are now $4000. They're trying real hard to get more off the lots.
Which in itself would fit a traditional bell curve for sales by trim, but what would cause middle tier models to be worth less in the long run? The technology?
Yes, since technology quickly becomes dated and the mark up on the package can be high so you can lose a lot more on the overall package.
I suspect the poor reliability ratings for the TLX are hurting resale value. Plus, Acura has been offering large dealer incentives on new TLXs, so used car values will suffer. I saw another post where someone linked to a new 2016 TLX for sale. Years ago an Acura salesman made fun of domestic brands by pointing out that he used to have to try to sell new cars that were two model years old. Now Acura is having that problem,
A new 2018 TLX can be bought for $30k. Why would a 2015 go for more than $26k. I think the 2018 is a great value. And i bought it to ride it for 8-10 years. Then I’ll sell to some college kid for $8k.
I suspect the poor reliability ratings for the TLX are hurting resale value. Plus, Acura has been offering large dealer incentives on new TLXs, so used car values will suffer. I saw another post where someone linked to a new 2016 TLX for sale. Years ago an Acura salesman made fun of domestic brands by pointing out that he used to have to try to sell new cars that were two model years old. Now Acura is having that problem,
Id wager that it’s still a bigger issue for domestic makes, Acura’s stumble from grace notwithstanding. My local Acura dealer indicated that they have no issues flipping the TLX; the same wasn’t the case with the 4G TL.
Most cars lose 22% after year one and then 12% more for years 2 and 3. So you bought a 2015 for $33K. By year 3 it's worth <$20 k. That's a typical car. I don't see Acura being much different in years one thru 3. But in later years it will hold its value slightly higher than most.
If I was to get stuck with a car for long term, because I couldn't afford to eat the depreciation, well, it's hard to think of a better option than the Acura TLX. I mean, something like a Mercedes AMG might be nice, and run forever, or, it might cost an arm and a leg in maintenance (and a kidney). If my Acura TLX was old, like a few years beyond warranty old, well I'd take it to this inexpensive shop down the street to get it fixed because the guys there charge nice low rates (relative to other shops) yet are also trustworthy.
If dealers lost money they would go out of business quickly. Main thing is be happy with the deal you make or don't make it.
Last price that my traded in Acura was quoted for on the dealership’s website was 21.3k (down from initial 22.8k)before it got sold. My guess is it was sold below 21k.
Trade in values are generally based on local Manheim Auction weekly prices. If the dealer is keeping the car he thinks he can beat the auction price. Typically they can make money on the trade, the new car retail sale price, the new car manufactures hold back, manufacturers volume incentives & a piece of the financing. They look at the whole deal not just a piece of it.
Trade in values are generally based on local Manheim Auction weekly prices. If the dealer is keeping the car he thinks he can beat the auction price. Typically they can make money on the trade, the new car retail sale price, the new car manufactures hold back, manufacturers volume incentives & a piece of the financing. They look at the whole deal not just a piece of it.
Since, this is a thread on the TLX 2.4 trade in value, my point was the dealership made most likely $1000-$1700 on the trade. Not a huge profit.
As far his profit on the selling part of the transaction, his price to me was the lowest in that market(by a large margin) in that area(150 mile radius) at that time. I was talking to it for a month-2months till it dropped the price to sell(meet quota or whatever).
I don't care what the dealership made in total or whether it survives or not OR if he makes up the loss/reduced profit by selling at an inflated price to BEAR-AvHistory , the deal on my side was a great deal.
Since, this is a thread on the TLX 2.4 trade in value, my point was the dealership made most likely $1000-$1700 on the trade. Not a huge profit.
As far his profit on the selling part of the transaction, his price to me was the lowest in that market(by a large margin) in that area(150 mile radius) at that time. I was talking to it for a month-2months till it dropped the price to sell(meet quota or whatever).
I don't care what the dealership made in total or whether it survives or not OR if he makes up the loss/reduced profit by selling at an inflated price to BEAR-AvHistory , the deal on my side was a great deal.
First thing is I don't trade I sell so there is no used car trade in the deal. Second if you know the dealers cost structure you can always get a good deal as long as you are willing to walk out. Third if you shop nationally you can get a better deal then just buying locally. Current car a 2018 bought in April 2017 was below invoice from a BMW dealer in Portland OR. Deal was made in three days by email & car was ordered to my spec from Germany.
Dealer made money because all he did was process paper & never saw the car.
Last edited by BEAR-AvHistory; 05-12-2018 at 10:34 PM.
First thing is I don't trade I sell so there is no used car trade in the deal. Second if you know the dealers cost structure you can always get a good deal as long as you are willing to walk out. Third if you shop nationally you can get a better deal then just buying locally. Current car a 2018 bought in April 2017 was below invoice from a BMW dealer in Portland OR. Deal was made in three days by email & car was ordered to my spec from Germany.
Dealer made money because all he did was process paper & never saw the car.
Sure am happy for anyone who does well on a car deal, whats not to like?
In my case the deal was invoice from the dealer, minus $2000 BMW loyalty bonus from BMW financial, minus $750 unused miles from BMW financial, Minus $500 BMWCCA 440 rebate, minus $850 complimentary full track performance school weekend from BMWUSA, minus reduced interest rate for Multiple security deposits from BMW financial, minus 1 day complimentary car handling clinic (Performance Center Delivery Program) value unknown by available to any new car buyer that wants to go.
Nothing special there some do better some not so good. For local buyers regional special deals can make a difference.
Last edited by BEAR-AvHistory; 05-14-2018 at 11:36 AM.
First thing is I don't trade I sell so there is no used car trade in the deal. Second if you know the dealers cost structure you can always get a good deal as long as you are willing to walk out. Third if you shop nationally you can get a better deal then just buying locally. Current car a 2018 bought in April 2017 was below invoice from a BMW dealer in Portland OR. Deal was made in three days by email & car was ordered to my spec from Germany.
Dealer made money because all he did was process paper & never saw the car.
01-05-2018, 09:56 AM
Very nice looking car.
