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Prices Paid: Buying & Leasing Experiences Acura TL Prices Paid and Buying Experience
10989 messages, Last post on Dec 04, 2009 at 2:03 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: kyfdx (Jul 14, 2009 4:28 pm)
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Replying to: seif (Jul 14, 2009 5:37 pm) i SUGGESTED he pay only $23.5 for the car, i DID NOT say it was readily available everywhere. now i will explain why I came to that conclusion. A 2005 of lease, with around low to mid 30k mileage when returned on lease, is sold by honda, on average to dealers around 17k. The same Acura dealer advertises it for $25k on the lot, with cpo. How do i know? because my dealer, Ann arbor Acura did the exact same thing for me, i paid them 500 "service fee", and they resold it to me for 18.4 with cpo. Do they do this for everyone, NO..but it doesn't hurt asking. now my thought process on the 2008. At the end of 2008, there was a 3k rebate, and most dealers took around 5.5k to 6k off sticker, to move the old body style, in preparing for New bodystyle 09. If you are not aware of this, there are only about 25pages on this very own thread to read, if not, Read Acurazine.com So the BASE non-navi(in my opinion terrible looking without navi) could be had for 27-28k Easily. once again, check the threads. So now your telling me, a car, thats been used for 10k miles, sitting on the lot most likely for 2yrs since factory, is worth 26k, then i'm not sure what more to tell you. A NEW 09, base, NEW BODY STYLE...can be had for 31k, and demo'd versions of those cars, can be had for around 28-9k. Now its your responsibility to FIND these deals, people have done it, and because you haven't, dont bash others. So with a 15second search on autotrader, i found Pohanka Acura selling two used 09 RL's (30,900.....having 250miles on it). now I'm pretty sure if you bargained with them, you can get it down to 29, being a NEW untitled can be readily bought for 31k, as clearly other posters have done so, WITh special APR rate. So in conclusion, if you think, a car, that has sat on the lot for 2yrs, with 10k miles, having no idea how it was driven, is worth 26k, then you buy it. But i promise you, that car isn't worth 26k. Take it to carmax, another acura dealer, see how much they give you, ill bet 22k, hence i came up with 23.5k figure(the trade in value, is according to Manheim)
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Replying to: vchad (Jul 14, 2009 7:27 pm) Thank You I did not want an 09. Do not like the exterior. |
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Replying to: vchad (Jul 14, 2009 7:27 pm) Thanks in advance VCHAD
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Replying to: cman7 (Jul 15, 2009 4:27 am) i am buying a 2006 MDX off my lease this Friday. it is a base model with 20K miles on it. the dealer has told me that they will make it a CPO for $500 as well. my payoff price is just under $23K. i have been told that this is non-negotiable but does anyone know if this is written in stone or is there anything i can do to get that price down? i am also looking to buy an '06-'08 CPO TL. where are you getting that number for what honda finance sells back off-lease cars for? is that documented somewhere? that seems like an excellent bullet to have in the chamber when negotiating for the car. where can i get it?
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Replying to: seif (Jul 15, 2009 5:28 am) I know what you mean tho, its is really TOUGH to find a dealer to budge, but it can be done, I am living proof. The TL is an excellent car but personally i believe a bad choice for used...as in, it holds its value too much(even with age/mileage), according to a dealership, but they will ding you when you go to trade in. They can get away with it, especially in the TL cause people keep buying them at or close to there selling CPO'd price. (but i refused to pay that much, and did some research) Now with the MDX, i actually only found out about the lease turn in trick, through THIS FORUM! A while back i was reading the mdx forums(last yr), and he mentioned he turned in his mdx off lease to dealer, his NON-negotiable price from Honda Financial was I believe 23k approx. Honda financial, gives the dealer an opportunity to buy the lease turned in mdx, before its sold in Acuras closed auctions(for dealers only), then shipped off to public auctions(like manheim etc.) If i remember correctly, he paid approx 17-18?(not sure but i know its in that range) THIS IS what caused me to call around. I have been a lifelong Mercedes benz owner, and I bought a TL randomly and loved it. I kindly approached the Acura dealership, I nicely asked if they would do this, and to my surprise, they said YES! I was so appreciate of them doing it. So what im trying to say is, IT IS POSSIBLE. but it takes effort. -acura lease buyout is NON-negiotable to YOU -acura lease purchase is GIVEN at a DISCOUNTED rate to dealer(it is a fact) I know your dealer says it says in stone, but its NOT TRUE. he knows you have no way of bargaining, so he has no need to "hook you up". He's going to easily sell it to you making profit, doing no work. I know this is common practice, because my BENZ dealer has done the same for me, but ive been a loyal customer to them for years. I check these forums to help people, as others had helped me. I am not some evil person putting false information to mislead others, I am a busy doctor, but I love cars, and I love helping others get good/fair deals. If you have any more questions, send me a message. |
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Replying to: cman7 (Jul 15, 2009 4:27 am) My reasoning, in suggesting 23.5k for the car, was based on how much a NEW 08, untitled could be bought for. Id hate to see you(tho your comments dont exactly make me want to even respond) spend so much. Just because a dealer advertises it for so much, doesn't mean its worth that. A brand new 09 Lexus Rx350, before the new 10 body style came out, was selling for 10k below sticker, a base rx, could be had for 31k(check the forums) as hundreds bought at this price. Now those same dealers, are selling used base 09 rx350's for 35-37k with 20k+ miles. I laugh everytime i see those ad postings. Yet people keep buying them at that price, because they are not educated enough of on the deals that were going on. Like the rx, TL is same scenario. If a new one could of been had for 27k end of 08, why pay 26k for a used one?!! I dont need your 500, and im not interested in helping you find it. this is a Forum, for others to share there opinions and wisdom, if you find it unacceptable, move on.
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Replying to: vchad (Jul 15, 2009 12:33 pm) Allow me to adopt a different tone, and apologize.You may have set the tone when you used the word sucker. It has been a couple of months since I began my search for a CPO Acura TL. I am one that thinks it is my duty to research correct pricing on anything I purchase. I priced out the year, and trim TL everywhere from Edmonds,Consumer Report, Autotrader,KBB, and many other used car pricing publications. I have even considered private party purchases. All have put me int the $26K to 30K range. The key to my search was a sub 10k miles TL. After all my searching , I was able to get this dealer down to $26K, from the typical asking price of 30K. Believe me, I have been in contact with all Acura dealers within 300 miles of my home. Even in different states. I even cross checked dealers to see if I could get them down below 27.5K. They would not budge. A quick check of Autotrader will verify the going rate for the TL in question. I did not want to chance of private party purchase for the obvious reasons. I agree we would be able to find a TL below the $26K target that is in question,but I live in the Atlanta metro area. I would not want to travel 600 to 800 miles to find that one dealer with a sub $26k TL. We are all aware of what can happen between a phone agreement, and actually walking into the lot. My point in total is that based on my extensive research this was the lowest price I found,in addition to the fact that they are within 100 miles of my home. Yes you are correct the TL is at the top of the list in autos that hold it's value. I did not want a 2009 TL for aesthetic reasons, in addition to the fact that it may never be a good idea to by the first year of a new model. What would be your bottom line for the auto in question ? I humbly ask you that question. I was being pugnacious when I suggested that you find a TL for me. I am very capable of finding my own car, at the right price. Though I am open to any input minus the the name calling.
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Vchad is 100% right. The Acura dealers are trying to sell the used 07s and 08s for MORE than they sold for when NEW!!! It's insane. I went to my local Acura dealer, they had a gorgeious 2008 TL Type S. 11k miles. it looked like it was new - but it's NOT. it's used. the car sold NEW for $32k. I almost bought oe of these new back in late 08 - adn I had multiple written offers from so cal dealers -= Cerritos AND Tustin, and Keyes - all willing to sell me a BRAND NEW 2008 TL Tpe S for $31,500 + TTL. Yes. a LOT of people got them at this price. read this site, or Acurazine. now, I see Tustin Acura selling two 08 Type S - and they are asking $34k. the car is NOT worth that much. but you know what - some stupid sucker might give it to them. so when I offer them 27k which is what i think is fair, they laugh. i showed them my written offer to buy it new in 08 for $32k. they said there were "incentives" back then, they don't have now. so I guess the car has magically gone UP in value over the last year and a half!! amazing!! i should have bought a fleet of them as an investment!! ha ha ha. the new car market must suck and these guys are now raping people on the used cars? i've also noticed pricing in CA is way higher than in other states... same car?!? but cost of living in CA is higher, so they just jack up the prices b/c they assme there are more people earning more money... My local dealer also has a CPO 2008 TL base w/navi. they want $28999 for it. OMFG!! that car sold NEW for $29k. amazing how now that it has 26k miles on it, it's only depreciated a $1000!! our problem is that the average consumer just sees the price on the sticker, negotiates from there, thinks they got agood deal and the dealer rapes them. if I go in there, armed iwth all the info, and offer them a REAL price - they know that they can reject it, and they might find some sucker to pay $5000 more the next day..hence they pass teh offer up.. so in some ways are we both right?? the car shouldn't be worht these nutty prices they are asking.. BUT if people will pay that much - then doens't that mean it is worth that...if you assume that a car is worth what it can be sold for??? maye I should have bought that 2008 TL type S for $32k last year...if I had, I'd have equity!!!  hahahahaha
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Replying to: cman7 (Jul 15, 2009 2:36 pm) The frustrating part is, this is what bothers me, but its not much we can do, these dealers have the upper-hand on used Acuras because they get it at a discounted rate, and are unwilling to budge on there largely marked up price, knowing, someone WILL pay that price. it seems you've done your work, and thats a very important thing. I was practically pulling my hairout convincing my sister-in-law to buy the new 08 TL at that price of 27.5k, even tho, a USED 07 TL base being advertised on the same dealer lot for 29,999(it sat on there lot for 7 months, before they sold it, guess what price, 28.5(i knew my salesman personally, patient of mine, and shared it with me)). I was telling her, your getting a tremendous value, then she finally saw the light, and bought it. Now with respect to your car, I believe you said its at a non-acura store, been sitting there for some time. I know the new body style isn't impressing you much. Financially, 08 used one, still bothers me they want 26k for it. But in all my years of buying, I bought cars for the joy(but also tried, to make wise financial decisions), but sometimes it is what it is, and if you want it, circumstances/market dictate price. I sincerely still feel, you should suggest to them, "hey a new 08 end of year was selling for 27k, this is used, has 10k miles on it, how about we compromise?" Id suggest maybe 10% reduction compared to 08 should be a minimum. Personally for me bottom line, id go make $24.5k, maybe letting them know, you'll invest in a 1k acura warranty on your own, really making the purchase price 25.5, which seems close to there final agreement with you. in the end, buy what makes you happy, and economicaly wise for you.
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