Did you recently take on (or consider) a loan of 84 months or longer on a car purchase?
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wasn't really looking for another vehicle, BUT(thats the mini-akagl part), been driving by a '93 lumina eurosport bring one of the kids to dance a few times a week.
it's busy street, so i couldn't see the anything on the for sale sign, at first, but i found a listing in the newspaper that matched a local phone# and the description of the car. listed a few weeks ago. has 100k miles, asking 3k. went by the for sale sign today , slow enough to see 'asking 2700' now.
car looks pristine (i mean really, really good)and straight(from 10 feet driving by), has a circa 93 plate on it, tires look tready, and there's no grass growing around them.
someone is driving and cleaning this car every day.
'assuming' no recent repaint or rebuild, what do you think?
Now I won't get so PO'd when they come up with a low number. I'm hoping to get a little something better for it since I'm only getting 1k under MSRP on the Sienna (and I'm lucky for that, lol!)
They are all dead on right about the transmission problems on these, especially if not properly and completely maintained. It is a $1600 rebuild repair at best, more at worst.
Guess my search continues....
sailing man, the skipper brave and sure, 5 passengers set sail that day on a 3 hour tour a 3 hour tour...sound effects thunder and lighning.........the weather started getting rough and the tiny ship was tossed, if not for the courage of the fearless crew the minow would be lost, the minow would be lost, the ships aground on the shore of this old deserted desert isle, with giligan,the skipper too, the millianaire, and his wife, the movie star, the professor and mary-ann here on giligans island.. thank you very much steve has left the building..........
Please, let's post cars for 'Trade-In Values', and responses with answers and advice for same. Keep the other topics where they belong, and save personal cross talk for e-mail.
This has been a public service rant from ghulet, we now return to our regularly scheduled program, hopefully.
I am your host, Mr. Rourke. Smiles everyone, Smiles!
We're here to talk about vehicle values and why they are what they are...
death in the electric chair, or being given a vw jetta, my response would be PUSH THE BUTTON!!!!
My Exploder is going along.....not happily.....and needs work.
I want a new car!!!!
Hey Terry.......What this worth?? 1994 Escort LX, 2dr, 5-speed, sunroof, CD player, A/C, 105k, green/gray.....sound familiar?? Its my old Escort.
I'm thinking about buying it back just to have something to drive back and forth to the bus stop.....42 miles/day.
Private party sale of a 2000 Toyota Celica GT.
Auto, leather, roof, "fairly new tires," ABS, all the power stuff, spoiler, alloys. White.
55K miles in the Baltimore area.
Is $11,500 a good deal in the real world?
Thanks!
Steven
Terry.
When have you ever seen me up at 5am? - I'm usually sleeping in til' noon and eating Bon Bons til 4pm .l.o.l.. thanks for the follow up .. $15,5, he got the right money for it and I will bet it's already sold ..!
Terry.
Terry.
away
from
the
Car
Lot's.!
Terry.
I also do a little boat peddling on the side, so here is a "yesterdays analogy" .. this particular customer has had his boat up for sale since March, paper ad's, ebay, online, fliers, national boat broker, etc .. he has had 3 hit's in 7 months, 1 offer for $12,0 less than what he is asking, so he asked me if I would take it on trade, of course and I offered him a figure that was $5,0 less than the original offer .. all I heard was, NADA say's it's worth XXXXX, BUC book say's it's worth XXXXX, it will loan XXXXX, I have $12,0 in electronics, etc, etc, etc.com .. "I will just keep it til' it Rot's, I will never take that kind of hit" ~ hmmm, sounds like a car deal .l.o.l.
Boats, just like cars seek their own level, the market is: "what someone will pay" Nada doesn't send you a check, Kbb doesn't buy vehicles and Edmunds' doesn't have a car lot ... if you have something for sale, pick a figure that you can live with AND, you have to be ~~ r e a s o n a b l e .. if not, don't waste your time or someones else's time and patience ...
Terry
Terry.
Real money, it's worth "around" $27ish, maybe $28,0 on a push, miles kinda kill it .. "he should" be seeing the low low $30's from the insurance co, maybe more, maybe less - it depends on the insurance co, barometric pressure, Sun spots and the percentage of salmon that are running up river ...
Terry ;-)
The guy is asking $3500.....but I'm working on him. He gave me $900 and put some money into it, so not sure what he'll sell it back to me for, hasn't given me a straight answer yet.
I'll say...it'll be gone by October 20th.
Jolie....NO!!!! Stay away from the car lots! You can do this! I think there is a 12 step program even!
or
junky car?
buddy's car...
Fully loaded '03 Escape(maybe '04)
I mean loaded, 27k retail etc.
3 weeks old, like 200miles on it.
dk blue in Portland, OR
logger decided to kiss it with 4 of the wheels on his trailer and drag it out of its parking stall.... 4k in damage, front driver panels are goners... bumper, fender, hood, lights, etc.
Any idea on a DV number? oh yeah, there is frame damage as well... dolt!
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Keep the Exploder! If nothing else, your DMV costs must be staggering!
Assume there are two new cars:
Car A: $27 k no options
Car B: $31 k w/ popular option pkg
So the starting spread between the car values is $4k. In 3 years, what will the spread look like? If the Car A is at $16 k at that time, would Car B likely go for $18 k at that time (i.e., spread narrows to $2 k)? I am trying to figure out what the real cost of getting the popular option package will be. Is it also fair to assume over the long haul (6+ yrs), the spread is $1k or less?
My real-world case is trying to decide on a stripper, base RX-8 vs. the RX-8 with GT package.
Thanks in advance!
DT
jlawrence-the only difference in this case is mostly leather vs. cloth, moonroof, DSC, power seats, and xenon lights. Other things like air conditioning, CD,etc. are definitely in the base model. The base is $27 k so it's not an econo-box!
I guess the one additional factor is that I am a little concerned on buying a $30k+ Mazda. Don't get me wrong - the car is definitely a great value even at that price, but that perception may be in the minority vs. the majority of people. For instance, the typical person may compare the RX-8 against a fully loaded Acura TSX which is $27k and say the Acura is a better deal because they value less the sportiness and performance. The RX-8 may be an outlier in terms of Mazda depreciation (like the last generation RX-7), but I'm not sure I will have that visibility if I buy the car soon. I was thinking that buying the less expensive car which provides the same performance and decent amenities at a $20-something price point might make more sense as a hedged bet in the event of significant depreciation.
but as Terry always says, drive what you like, don't be too concerned with depreciation, etc, as long as you have fun and enjoy driving it. If you can afford the $30k and like the rx-8 much better than the rest of them, I would go for it. You'll be sorry in the long run if you didn't.
Anyway, you cant find *clean ultra low mileage vehicles, especially Acura's and those suckers will run til 200k++ (properly serviced) .. if you like it -buy it- if your still on the fence because it doesn't have a slider, the rear mat has a spot, or on a sunny day if you squint, tilt your head 27 degree's and hold your breath, you can see a paint scratch ~ then -don't buy it- your to darn picky .l.o.l..
Terry.
Hasta La vista Baby ..
Terry.
Terry,
If cars ever get old hat you probably have a shot at a career in standup or talk radio.
Terry.
>>> ** buddy's car...
Fully loaded '03 Escape(maybe '04)
I mean loaded, 27k retail etc.** << ...
That's like you calling me up and telling me about a blind date .. "Hey Terry, I have this nice girl I wantcha too meet" -- "oh yeah, what's she look like .?" --- "well, she's got teeth" -- great TB, so does my Great Aunt and she's been dead for 12 years .... uuuugh.!
I
N
F
O
Terry.
Terry.
The ONLY reason I am even THINKING about buying the Escort back is to save on gas and wear and tear on the Explorer. I drive 42 miles/day, 5 days a week, just taking my kids back and forth to the bus stop.....that's 2.8 gallons of gas per day in the Explorer.....or 1.4 gallons of gas in the Escort.
I also drive to Fairbanks once (sometimes twice) per week (that's 200 miles round trip.....13.3 gallons of gas in the Explorer or 6.7 gallons in the Escort).
I bought the Explorer July 12th and have put 8000 miles on it.....that's 41,600 miles per year.....don't ya think I could use an economy car too??
DMV fees are nothing.....$5.00 to switch one over or at the most $68 to register one for 2 years.
I know you guys are just razzing me.....but you are all gonna lose on your little pool....so ya might as well send me the money, lol.
Let's do a little math here. You're going to save approximately ~1.5 gallons of gas per day for, let's say, 180 days out of the year the kids are in school (assuming all you're doing is shlepping the kids to the bus stop...holy CRAP, that's a long ways to catch a bus...but I digress.) So, you're saving 270 gallons of gas per year, let's say at a price of, say, $1.75 per gallon. So, you're saving $472.50 per year by driving the Escort instead of the Explorer. Let's assume you can pick up the Escort for $3,000. It would take you over six years to break even, Jolie. Even if you drove that route every day of the year, (or if you want to account for the weekly trips to Fairbanks,)you're still looking at about three years to reach a break-even point, and that's BEFORE stuff like tires, insurance, maintenance, etc. for two vehicles.
The lesson from this?
Stay
Off
The
Car
Lots.
I've learned to detect the signs...:)
Lancer.....I can get the Escort back for approx $1200, so the break even point is 2.5 years and yes, that's a long time. Didn't say I had bought it, just was thinking about it. The guy actually wants to trade me the car for my arabian mare that I've got for sale, lol.
Or take a 5 Series BMW. I have to think, but I'll defer to you, that a used 528 (6 cylinder engine) will have a higher percentage resale than a V8 530 or the ultra expensive, 540?
Sure some vehicles without certain options (say Fourmatic on a M-B in MN) just won't sell. But, I would think that a minimally equipped hot brand would sell quickly and well.