Suphawk

I have an 01 TL, just went to a dealer yesterday and they would only give me 14K trade in value! WTF my lease residual is 18K+! I also checked edmunds and this appears to be an accurate value for what 01 TL's are going for, where the hell is this great resale value all Japanese cars are suppose to have??

Lice Locket

Trade-in value is much less than resale value. If you want mroe of your money, you should sell it privately instead of trading.

S2020

if your lease residual is more than the price you can get, let the car go once the lease is up

aklucsarits

Even with it only being trade in value, that's still really good for resale on a 4 year old sedan.
$29000 car - $14000 trade in = $15000 depreciation in value over 4 years. That's only $3750 avg for the first for years, or an average of just under 13% anually, which is quite good for a new car!

What I don't understand is why you are even concerned about depreciation anyway. You leased it right? That's one of the biggest advantages of leasing - the lessor takes the gamble on depreciation. If the residual value is higher than the car is worth, just turn it in at the end of the lease. Let the lessor take the loss.

Andrew

AP2kyle

A TL should be worth more than that...
I traded my 02 wrx into the honda dealer for $16k.

climacus

Why is the resale so low? Because they keep blowing their trannies.

aklucsarits

A WRX is a sporty car, that was sold in lower numbers and is in higher demand on the used market than an automatic, family sedan TL. I would think the WRX should hold it's resale value better. Sporty cars typically do hold their value very well. Minivans, most family sedans, and most SUVs do not.

Andrew

Suphawk

My experience with leases has been if I trade it in , let the dealer buy the car off, I don't have to deal with the lease company. The one time the stealership pulled one over on me they returned the car to the lease company on my behalf and I got a bill for $2K for their little checklist of crap they claim is excessive wear and tear I take excellent care of my cars. So that is the reason I hesitate to return a car to the lease company at the end of the term.

ProV1

yup, new cars depreciate faster than a sinking titanic, that's why i'll lease and let honda fs worry about the horrific depreciation.

u think selling a car to a private party is easy?? have fun dealin w/ fanbois wanting to testdrive, scammers who try to steal your car, lowballing a$$es ...

Pakisho

The TLs/CLs depreciate like a load of bricks, for some reason. Tranny issues dont help, either.