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      03-16-2013, 09:16 AM   #1
benbenwin
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Need helps on a decision!

My lease of 09 acura TSX will be ended in late July, it only has less than 47000km on it so far, and the buy back is 15390+12%tax. It got hail damages just after 1 week I bought, but fortunately it was repaired (over 3500 bucks, I paid deductible though) without ant paint damage.

I am planning to lease a f31 for our next car, but have not decided whether I should buy the TSX out first then trade it in (or sell it privately), or just return it to the dealer when the lease is mature?
Any comments/suggestions would be appreciated!
Thanks.
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      03-16-2013, 09:28 AM   #2
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Try Carmax?

I did with an Acura TL and they took the car and cut me a $2k check.
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      03-16-2013, 09:59 AM   #3
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Quote:
Originally Posted by kromix
Try Carmax?

I did with an Acura TL and they took the car and cut me a $2k check.
Thanks for the comments!
What does Carmax do? Take used cars? Give more than buyout?
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      03-16-2013, 01:58 PM   #4
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I would just return the car.
15k to buyback is probably more than what the dealer will pay you for that car anyways
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      03-16-2013, 02:28 PM   #5
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Quote:
Originally Posted by benbenwin View Post
Thanks for the comments!
What does Carmax do? Take used cars? Give more than buyout?
Carmax is in the business of used cars, so they appraise your car (20 mins) and give you a payoff amount good for I believe 5 or 7 days.

They can then call Honda Financial (if thats your financier) and see if the amount they are offering you is greater or equal to your payoff.

If it is they take the car cut Honda Financial a check and cut you a check for the difference. Or if you are lets say under $500, and lease disposition is $250 + wear and tear, it's probably still cheaper to give the car to carmax and give them $500.

I take all my end of lease cars to Carmax just to see if its cheaper than lease turn in...

Only my Acura TL had positive equity and made me $2,000 at end of lease versus turning in to Acura and paying associated fees.
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      03-18-2013, 03:57 PM   #6
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return the car and save yourself the headache!
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      03-20-2013, 03:33 PM   #7
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Hey Ben,

Still have our preowned manager look at it but cars are rarely worth the buyout (unless it is rare or in high demand with low miles).

thx

Steve
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      03-20-2013, 03:44 PM   #8
benbenwin
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Thanks for your inputs.
I might just buy it out as our 2nd car since eventually we will need two cars...
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