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What can I expect from Acura TL depreciation?
I bought a new Acura TL when I graduated from college in 2011. I’m looking to buy a new car now, but I’m uncertain whether my old Acura has any value. What can I expect from Acura TL depreciation?
Bonnie Stinson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The average
Acura TL
depreciation is 20% loss of value in the first year and about 10% additional loss of value for every following year after purchase.The MSRP was $36,000 for the Acura TL in 2011. Today, 11 years later, you could expect a resale value of around $10,000, according to websites like Kelley Blue Book.
While make and model do have some effect on resale value, your Acura’s condition is far more important. If you have taken good care of your vehicle—and you have the maintenance records to prove it—you could sell your used Acura for between $13,000 and $15,000.
This is a great time for you to review your
car insurance
options. Before you buy a new car, make sure you have the coverage you need. Jerry
can help you compare quotes and get the lowest possible price for the coverage you need.View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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