Dealer Trade in ......what to expect ?

[Sall]

Another is example my brother just trade in his 07 tc he had like 55k miles on it he got a brand new camry (price tag on the camry 23 k ) hopefully same as the frs and he did not give any downpayments or anything he left the tc and got the camry but hes now payin 30dlls more monthly

[duffman13]

Originally Posted by koyv90

oh damn time to private sell haha

I've been looking at ditching my 04 type-s recently. On the high end with 100k on the clock I'm looking at $9500 on the high end privately, so figure about $7000 on trade-in. Being 2 years older and likely more miles, you do the math

Originally Posted by DieDriving

RSX holds resale value real well especially type S.....an '02 with about 140-150k could fetch 5Gs easy or even over that.

I was talking specifically about trade-in. An 02 in decent condition with that many miles definitely could see $6-7k privately

[DieDriving]

Originally Posted by duffman13

I've been looking at ditching my 04 type-s recently. On the high end with 100k on the clock I'm looking at $9500 on the high end privately, so figure about $7000 on trade-in. Being 2 years older and likely more miles, you do the math



I was talking specifically about trade-in. An 02 in decent condition with that many miles definitely could see $6-7k privately

You wouldnt have problem selling your car....RSX-S would be one of the few cars I would buy it used....some on time basic maintenance and that thing would hit 200k+

[Zgrinch]

Originally Posted by DieDriving

I don't want to be a spoiler but you better off keeping the TC....taking a hit on a year old car might not be worth it.....I have been there before....I bought an '06 330i then the next year 335 came out with twin turbo 300 ponies....I kicked myself in @ss and contemplated trading it in but I dediced to stay put, no regret since....

Given your payout and likely trade/sell value this is good advice.

[ACHlLLES]

I would personally never go over 5 years on a car loan.

I paid off my fj in 3 years. Down paid 9 k cash and made 800 monthly payments in most of the payments.

Wasn't easy but its well worth it when you don't have anymore car payments to worry about.

[Longhorn248]

Personally I'd stick with the TC until you have positive equity, but it's your money so have at it.

[Sall]

Originally Posted by Longhorn248

Personally I'd stick with the TC until you have positive equity, but it's your money so have at it.

Thanks for your honesty , and obviously i want this Car badly but i more worried about my credit than having the frs i know is not a good move to trade in my car after 1 year but also didnt know it was bad for my credit score

[tripjammer]

Your only 3k from payoff...sell the tC privately and get the FR-S. why wait?

You only live once!

[Sall]

Originally Posted by tripjammer

Your only 3k from payoff...sell the tC privately and get the FR-S. why wait?

You only live once!

Lol i know right also if i wait like 3 more years my trade in value would be less bcuz of mileage so i dont get why it would bad for my credit score ,im paying off and also getting a new loan

[fistpoint]

Originally Posted by koyv90

what can i expect to get for a 2002 acura rsx type s? Or should i just sell it privately?

Aha! '03 RSX-S here and I've been watching the resale of my car for years now.

What I always do is randomly check auto Trader and find cars in my year/style and similar mileage and save them. Check back in a couple weeks and see if it sold while paying attention to the various prices people asked.

Do this with private sellers only, skip the dealer vehicles and you'll get a pretty decent idea of what to expect when your time comes.

I have relatively high mileage for my year(148k), but have seen several sell over the last few months for between $5k and $7k for the Type-S. some had more mileage, some had less.

Kelley Blue Book rates the trade-in for me right now around $4250-4750 based on NOT being excellent condition(I always try to be fair with my own estimates). Edmunds estimates it slightly lower.

So, go to KBB and Edmunds and fill out the info and find out for yourself. Be honest when you fill in the blanks because you can be sure the dealer will look for every opportunity to subtract money off the value.

Lastly, like the others said, never trade in because they have to give you the low number so they can sell it themselves for what it is actually worth. Think pawn shop, same idea. I plan to sell privately and expect at least an additional $1k or more.

[coyote]

Originally Posted by ACHlLLES

Down paid 9 k cash and made 800 monthly payments

A 66 year car loan?

[Max Schnell]

The only time I've traded in without feeling butt raped was trading in a leased car while being 20k over the milage limit on the lease and with less than a year left on the lease. I managed to trade it in at slightly above payoff value so I leased another car with no money down and started the cycle again.

[DieDriving]

Originally Posted by coyote

A 66 year car loan?

lmao, the bank is probably gone before he finished his payments.....but I think he meant $800 monthly payment.....pretty high but it feels darn good driving a paid off car.

[DieDriving]

Originally Posted by tripjammer

Your only 3k from payoff...sell the tC privately and get the FR-S. why wait?

You only live once!

You only live once but can be broke many times