I enjoy your columns and thought I would get your input regarding what I should do with my current vehicle, a 2002 Acura TL 3.2. I purchased the vehicle new almost 12 years ago. The Acura has about 200,000 miles on it and is still on its third-transmission. As we all know, the transmission used on this vehicle was problematic but seems to be running okay. The car is very clean inside.
I recently priced out a new headlamp ballast and was surprised at the expense. I probably also need a new temperature sensor for the cooling fan, which seems to run in temperate weather when it shouldn’t. Timing belt change coming up and probably the brakes will also need to be changed soon.
A used car dealer I know, who I thought could sell the car for me instead suggested that I could get $5,000 or $6,000 at auction. I was surprised that the car could get such a high dollar amount, but he insisted that a lot of foreigners attend the auction and purchase vehicles such as mine to be sent overseas. He speculates that the mileage gets rolled back when they arrive in their overseas destination.
Sounds like it’s time for a new car and there are a lot of interesting vehicles these days, but at the end of the day, Honda/Acura has treated me right over the years and I don’t dare rock the boat. Besides, I’m from the Columbus area so I’m doing my part to help the local economy.
Ideally, I would like to wait for the new Acura TLX to purchase as a replacement. According to a local Acura dealer, it should start coming out about March, 2014. Would you 1) keep the TL around until the new TLX comes out, knowing that there might be expensive repairs coming up; 2) dump it now and get an Accord (with leather) or a CRV; or 3) just keep it until it dies?
I’m surprised to hear a price range that high at auction, no matter who rolls back the odometer! Me thinks $3500-4500 is the high side with a very clean leather interior and shiny paint. Just for giggles, I logged into Manheim Auctions (thanks Steven Lang!) and verified that I was–once again–correct about the market for 2002-2003 Acura TLs. Why do I even bother with modesty anymore?
Oh right: the Best and Brightest…but I digress…
Your man on the used car scene knows the local market: who participates, what they like, what they’d pay, etc. And I bet you want a new Acura TL, no matter what. How difficult is that?
If a new TL is too damn hideous (could be worse, it was somewhat de-fugly’d in 2012) for your tastes, limp yours along until the next version arrives. And why not? You stomached those transaxle swaps and still love Honda/Acuras, so you can handle anything.
Buy a new TL or wait for the next one. Either way, you can’t lose. Off to you, Best and Brightest.
Send your queries to sajeev@thetruthaboutcars.