Want value, class, luxury, reliability and low maintenance costs in your next used car purchase? Consider the 2007 Acura TL; which is produced by American Honda.
At the writing of this article, several 2007 Acura TL units are coming off of 36 month lease, through American Honda, and many of these units are still under the balance of factory warranty.
Let’s talk absolute value: Many will claim that the 2007 / 2008 Acura TL is the best equipped model that American Honda has ever produced in it’s price category, and that there isn’t a better choice in Asian, Domestic or European vehicles. The Acura TL is assembled in the U.S., in the State of Ohio and all Acura TL units are loaded with standard factory equipment that are an extra cost on other makes and models. Just a few of the standard factory features include:
- Fog Lights
- 17 inch Alloy Wheels
- Heated Leather Seats
- 4 Wheel Disc Brakes with Anti-Lock Braking System (ABS)
- Bluetooth Technology, which American Honda Refers to as Handsfree Link
- A Very Fuel Efficient V6 Engine (makes around 30 to 32 MPG on the highway)
- An Excellent Factory Warranty That Includes Powertrain Coverage to 70,000 Miles
Fuel Efficient: As mentioned in the list above, the 2007 Acura TL comes standard with a 3.2 Liter V6 VTEC engine that produces 258 horsepower. The Acura TL Type S has a 3.5 Liter V6 VTEC engne that produces 286 horsepower. This power-to-weight ratio provides the driver with excellent acceleration as well as great fuel efficiency. Acura TL owners can expect between 30 and 32 MPG on the interstate if they maintain a reasonable and consistent speed of 70 to 75 miles-per-hour (MPH) when using the recommended 91 or higher octane fuel. In stop-and-go city driving, this MPG can drop 20%, which will still provide an average MPG of 23 to 25 miles per gallon.
Low Maintenance Cost: As far as maintenance costs, Acura TL owners have very few. In normal driving conditions, American Honda recommends replacement of the timing belt every 7 years or 105,000 miles (whichever occurs first). The manufacturer also recommends that the spark plugs be replaced every 105,000 miles. In most environments, engine air filters and cabin air filters should be replaced every 30,000 miles. As with all Honda and Acura vehicles; our own service department recommends that the automatic transmission fluid be changed once a year or every 15,000 miles, and the engine oil & filter be changed every 3,750 miles. Unlike European vehicles, that may hold up to 10 quarts of a unique oil weight, which may be uncommon to comparable vehicles in the United States; the Acura TL engine holds approx. 4.5 quarts of 5w20 motor oil and a $6.00 spin-on oil filter.
Market Driven Oppportunity: As with most vehicles that have an initial MSRP of over $32,000; a large percentage of Acura vehicles are leased for the first 3 years. Once the 36 month lease term has ended; many of the Acura cars and SUV units are then sold by American Honda Finance at dealer auction. To the consumer, this is an opportunity because of the large volume of lease units that saturate the market for a few months. Currently, there are enough 2007 Acura TL units in the market, that a dealer can likely sell a 2007 model for less than a 2006 model Acura TL. However, this market condition will not last. Within just a few months, this surplus of 2007 Acura TL units will be absorbed into the retail market, and dealers will then be paying more for the same vehicle when obtaining them from American Honda.
One Final Thought: For the readers that sit on the fence and say, “the same thing will happen when the 2008 Acura TL units come off lease”……. My response is, “don’t count on it”.
In 2008 we were paying very high prices for gasoline and we also had a presidential election. This effected leases and purchases in 2008. In 2009 we had two major car manufacturers go dormant in the U.S., for about 8 months and we also had the program, “cash for clunkers”. This effected new car inventory and used car inventory. In 2010, we have had major flooding in several areas of the United States. This has destroyed many vehicles that were flooded and the replacement of these flooded vehicles has also weighed heavily on new and used car inventories.
At Accurate, we are the best place in Nashville / Middle Tennessee to purchase / service your Honda & Acura automobiles. Our vehicles are “hand-picked” by our own Accurate car buyer, who was the first technician that our company hired back in 1996. Our technician-selected Honda and Acura used cars are fully serviced and fully detailed prior to marketing. You will not find a better place to purchase your next Honda or Acura used car than www.accuratecars.com