Trade-in my almost new 2018 Si for 2024 Type-R

[Cornercarver]

Interesting...I traded my original 2017 un-modded SI for a CTR. Was it a brilliant financial decision..?
No. Did it work for me anyway? Yes, because I planned on keeping the CTR for the foreseeable future.
I did get a fair price on the CTR - but I got lowballed by the dealer on the trade.
In retrospect, should have sold the SI privately. The fact that you don't drive the car much makes me wonder if it is a great idea to trade...the SI, other than the seats, was a wonderful car, and if I had it today - almost four years after I traded it - I could get more than I traded it in for. It hold value really well.
Buy it if you just have to have it and it is your dream - I get it. But don't convince yourself it is a good financial move.

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[Pekingduck]

I came from a 2018 si and I enjoyed it more for daily driving. For track driving the type is more useable. But for pure financial it a bad choice. I have to admit everytime I drive my type r it feel like event plus I get compliments on the type r all the time.

 

[RP2000R]

Late Nov 23 I was given $21k trade in on my 2020 Si Coupe. Interior was spotless, outside was clean but the grill was broke, tires needed to be replaced and the window had a few dings/chips no cracks. Car had window tint and splash guards. This was in Seattle where we also get a tax break on trade value @ 10% + depending on our area.

 

[TchnoZ33]

Look at the post 5 minutes ago! They have a type R in NC for sale!

 

[xcon]

Dealer offers MSRP + $6K with $2K worth of add-on for 23 CTR. I have a 2018 civic Si with only 3,000 miles. The car has rarely being drive much since I use another car for work. The car has full front-end protection film (PPF), high-end alarms and exhaust system etc. I spent over $6,000 on parts & labor. If I am going to trade-in my Si, will the dealer lowball me due to my aftermarket parts? Taking everything back to stock will cost about $300-$500 of labor and might not a good idea. If I ended up not able to purchase the CTR, then I would just keep my Si. I don't want to change back to stock if I am going to keep the car longer. Is it a bad idea to trade-in my Si with aftermarket parts? I think selling my Si will help me financially when buying the CTR (since my Si should worth about $27,000). My reason of trade-in is that CTR can keep the car value for long time. I always want to own a CTR as I am at 45. Life is short. What do you guys suggest for the trade-in situation? How many of you agree or disagree?

See my post on a new car.

 

[Samurai1225]

As others have said.... One dealership in my city has a 2023 Championship White advertising it a little over 45k and their 2024 Boost Blue is "call for price" .

 

[rob495]

Dealer offers MSRP + $6K with $2K worth of add-on for 23 CTR. I have a 2018 civic Si with only 3,000 miles. The car has rarely being drive much since I use another car for work. The car has full front-end protection film (PPF), high-end alarms and exhaust system etc. I spent over $6,000 on parts & labor. If I am going to trade-in my Si, will the dealer lowball me due to my aftermarket parts? Taking everything back to stock will cost about $300-$500 of labor and might not a good idea. If I ended up not able to purchase the CTR, then I would just keep my Si. I don't want to change back to stock if I am going to keep the car longer. Is it a bad idea to trade-in my Si with aftermarket parts? I think selling my Si will help me financially when buying the CTR (since my Si should worth about $27,000). My reason of trade-in is that CTR can keep the car value for long time. I always want to own a CTR as I am at 45. Life is short. What do you guys suggest for the trade-in situation? How many of you agree or disagree?

I think 6K + 2k of add-ons is too much. I paid 4K over and even at that price point, I'm barely able to justify the purchase to myself. Get a rough trade in estimate online using KBB, Carmax, Carvana, and Truecar. If the price is within an acceptable range for you, you can bring the car back to stock and have it evaluated at the dealership. Factor in the high interest rates we are currently experiencing, so be smart and go to the dealership pre-approved. Make them work to beat your rate. Beware, I think the economy is going to be rough for the next few years so check and double check your finances. I think the best bet is to sell the Si for cash and invest it appropriately.

But before any of this, I'd suggest test driving a Type R, GR Corolla, Golf R, and a Mustang GT. You never know what you will like. I'm sure someone on this forum would, at the very least, be willing to give you a ride.

Good luck and let us know what you do.

 

[be12nard]

@rob495 Thanks for your comment. The dealer offers ADM $6,000 mark-up with $2,000 free accessories. I am going to wait for MSRP or until the markup is lower. I am not in a rush to purchase a CTR.

 

[RUNN1N]

@rob495 Thanks for your comment. The dealer offers ADM $6,000 mark-up with $2,000 free accessories. I am going to wait for MSRP or until the markup is lower. I am not in a rush to purchase a CTR.

Can you list out the "free accessories"? I'm willing to bet they cost nowhere near $2,000, and believe a few of us can help you figure out their actual value.

 

[menikmati]

Can you list out the "free accessories"? I'm willing to bet they cost nowhere near $2,000, and believe a few of us can help you figure out their actual value.

Floor mats.

 

[RUNN1N]

Floor mats.

I believe you meant to say "floor mats with installation".

Big difference.

 

[TypeRD]

I understand that sometimes owning things at one point or another to fulfill a dream is important and personal goals are super helpful to achieve dreams. But…what I can’t quite wrap my head around here is making a financial leap just to have a new, rolling, motorized, statue you almost never drive. I get it, but I also don’t.

You bought the Si because you apparently enjoy driving…but then you didn’t drive it. We’re only in the beginning of 2024. So let’s say you’ve actually owned the car for about 5 years. At 3000 miles, this means you drove your Si an average of 50 miles a month…but, I’m guessing that in reality it sat in the garage 90% of the time and you took it out only on perfect weather days that landed on Saturdays and Sundays.

If I were in your shoes I’d get something that’s already worthwhile to preserve and fits perfect weather, weekend, driving, and isn’t going to depreciate. With that in mind I’d greatly consider a clean S2000.

Just my $.02

 

[menikmati]

I would imagine that finding a clean and reasonably-priced S2000 is not an easy endeavor with the current market, but I'm not well-informed about that car.

 

[TypeRD]

I would imagine that finding a clean and reasonably-priced S2000 is not an easy endeavor with the current market, but I'm not well-informed about that car.

Yeah, that’s probably true. I know they’re out there…as are other GREAT car choices for keeping the miles off of and just occasionally driving! That was my point.

Why buy a new, semi-limited, car and never drive it…unless you’re a collector? If one just has to have a collectible Type R and one that might make sense not to rack up miles on, get an FK8 LE. If you don’t like yellow, wrap it in another color! Hell…that’d preserve the original paint too. I’m just spitballing here. LOL

 

[menikmati]

Why buy a new, semi-limited, car and never drive it…unless you’re a collector? If one just has to have a collectible Type R and one that might make sense not to rack up miles on, get an FK8 LE. If you don’t like yellow, wrap it in another color! Hell…that’d preserve the original paint too. I’m just spitballing here. LOL

I used to be in the camp of minimizing miles put on cars, but that eventually killed any enjoyment out of driving. Once I shifted my mindset to looking at cars as tools for enjoyment and they should be used (within reason, not saying to neglect and trash them), then my joy for driving has been at its peak ever since.

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