The annoying part it's ringing and disrupting the day. But I guess it's cost of life.
That I agree with. I will occasionally get a legitimate phone call on my home phone, so every time it rings, I have to at least check the number. As noted, if I don't recognize the number, it doesn't get answered. That's why voice mail exists.
So I'm really on the market. Volvo V60 is out, we are left with BMW 430i Grand Coupe, or in a very long shot, 330 wagon. 2018 GC seems much better packaged in terms of a value. The only thing going for the wagon is that red can be had with M-Sport package, which adds those just gorgeous black "shadowline" trim treatments, at a handsome price of course. BMW in their infinite wisdom did not see fit to avail the sportiest color on their "Sport 4-door" with their sport treatments. Anyway, want to do ED. Of course dealer No. 1, away from where live: Oh, we can do only sticker, cause all the logistics (what?), blah, blah. Ok, your price your choice. That I can do in my closest place. He gets a little indignant, as he was so nice to me and spent some time and now I dare to say no (my words, his subtle suggestion). That's the guy, by the way, who did not see fit to write/call a short thank you after the visit. BTW, his manager was so emphatic during the visit, how much they wanted to earn my business. I guess not THAT much, after all. It's alright, I'm a big boy, I have mine, you have yours. It's OK.
Again, ordering here in Florida seems to go same way - most of them think full sticker plus their huge fee. $1000 off on a $50k level is a huge favor in their mind, yet when taking from a stock, they can tap quite deep. I guess walking on car that's not yet made doesn't hurt as much, as on one that's sitting in front of you. Instant gratification rules. Fact of life. Move on. Florida market is growing, because of the population, so it just too easy to hit sales targets. Just look at the silly fees, mop and glo in downmarket, and you see they're not hurting.
Dino, I have found through many, many experiences, that "sticker" is ridiculous - ordered vehicle or not. You get a little better pricing if you can select a vehicle in the dealership's inventory or at the port on its way into the dealership or on the water (on a ship) headed for the US. Also, a little better pricing (when compared to ordering) on a dealer-traded vehicle.
If I can buy a brand new BMW 740 loaded for $12,000 below MSRP on a dealer traded vehicle, so can you! But I have also found, through experience and from being in the car business selling upscale vehicles, that some of the very best pricing on new cars is in the Southeast Coast area of Florida - Broward County especially.
If I can make a suggestion, shop your area and determine the exact car you want and try to arrive at the very best deal you can get. Drive down to my Condo and I'll put you and your wife up for a few days in the master bedroom suite. I will then take you guys shopping here for whatever car you want. If you belong to USAA or American Express or Morgan Stanley, etc., where they offer a coupon on the purchase of a new car, we'll print it up off my computer and printer and take that with us. I can assure you the very best price on anything you want.
You can have your car serviced at any dealership in your area. But if you can save $1000+ on a new car, it would definitely be worth your while.
Just got back from taking a very, very short walk at the shopping center. I have to build up my stamina once again. It is very warm down here - already at 85 degrees and clear skies with an expected high near 90. I am not ready for this kind of heat this early in the spring - but such is south Florida living.
That new air conditioning unit I put in the Condo is working great. My last two electric bills which include A/C use just about every day, are about $10.00 a month less than last year and we just got a raise in electric rates in January. The bill was $33.45 for the month. The February bill was $37.67, also about $10.00 less than last year. So it would appear this new A/C unit is going to end up paying for itself in a few years considering the hot summer days ahead of us. It's amazing how much you can save when going from old appliances (got a new fridge two years ago and the new A/C was installed in December) to new appliances. Did away with a hot water tank and now have "on demand" hot water (electrically operated), also saving on my electric bill.
I think a car buying story is in the works. You may recall I had to sell my dad's Ghia last summer and I really enjoyed driving a convertible. Looking around over the winter I think I settled on a Jeep Wrangler.
Interesting though, the all new model is expected later this year and Jeep will offer the current and new models side by side for ~ 6 months.
I am torn - I want the convertible this summer, but would like to know more about the new model before pulling the trigger.
Mike, do you remember or know when dealers started deducting depreciation for trade-ins monthly? If I buy a 2014 MB C250 I can probably find out what month the car was traded in or was made, but does it affect the selling price? I don't think so.
The only reason for depreciating a car monthly is as it gets closer to the next years model cars...it will become a year older, but the rest of the year it shouldn't matter. I suppose they will say it affects the extended certified car warranty period.....and that may be a good reason.
Mike, do you remember or know when dealers started deducting depreciation for trade-ins monthly? If I buy a 2014 MB C250 I can probably find out what month the car was traded in or was made, but does it affect the selling price? I don't think so.
The only reason for depreciating a car monthly is as it gets closer to the next years model cars...it will become a year older, but the rest of the year it shouldn't matter. I suppose they will say it affects the extended certified car warranty period.....and that may be a good reason.
I'm a bit confused by this line of questioning. Dealers do nothing in regards to depreciation. The market determines the value of vehicles. I think Mike was referring to used cars being re-evaluated monthly. That actually is no longer accurate, though. In the digital age, trade-in values are recalculated in real time as auction results and sales results happen.
'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
I'm with Fin, re: anonymous phone calls. If I don't recognize the #, I don't answer. If no message, I don't return the call. Unless, of course, it's Publishers Clearing House!
'21 Dark Blue/Black Audi A7 PHEV (mine); '22 White/Beige BMW X3 (hers); '20 Estoril Blue/Oyster BMW M240xi 'Vert (Ours, read: hers in 'vert weather; mine during Nor'easters...)
My MB salesman said the delay of the 2017 E400s was really hard on them. Some cars were 4, 5 , or 6 months late, so people traded in their cars based on their value at that time. Rep said they honored the prices they used at the time of buying....dealer ate the difference.
Are they all new to the business? Hell, the one time I ordered a car and had to wait 6 weeks, they gave me an estimate on trade only and said it is very likely it will remain the same unless something drastic happens in the market. I totally understood. I can't hold them to their number if we suddenly fall into another great depression and used car values plummet overnight
.
To be realistic, an expensive trade in can drop a few $100 a month in value so 5 months could easily become an extra $1000 lost profit. Also, the mileage on the trade in will be more than estimated at the time.
However, I will say this depreciating allowance on your trade in is kind of a scam....you used to trade in your 2010 Hoovermobile on a 2017 model and a 2010 was a 2010 model for that year. Now the value changes monthly.
OF, no depreciation for a new car....it basically stays the same until the next years model comes out.
Thanks for your nice comments.....I'll see how I make out today. I feel like I am preparing to pilot an Airbus A380 Jumbo Liner. I am slow to change, At first I didn't want to give up my 2012 535 for the 2015 E, so maybe I will get used to the new E.....it is unbelievably smooth and quiet with tremendously responsive steering. It is like driving taken to a whole new level. It is a technological masterpiece....maybe it can be fun to drive too.
Congratulations, I gather you really got an on time delivery on a late delivery.
Have fun learning about all the new advances on your new ride. I'm not so sure it will be all that much fun but you know what I mean.
One more thing, did they wax it or did you tell them you wanted to do it.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I think a car buying story is in the works. You may recall I had to sell my dad's Ghia last summer and I really enjoyed driving a convertible. Looking around over the winter I think I settled on a Jeep Wrangler.
Interesting though, the all new model is expected later this year and Jeep will offer the current and new models side by side for ~ 6 months.
I am torn - I want the convertible this summer, but would like to know more about the new model before pulling the trigger.
Will let you know how the process goes..
I hope it happens for you but a few days ago I got some bad news about a new car being in my future.
Mrs. j belongs to a group of women that does swimming aerobics several days a week. She has been doing this for quite a few years now. Anyway, they get together a couple times a month for lunch and one of the women got a new car, a smaller MB of some type because she was afraid the old one was wearing out. It was a 2009 (whatever it was) and they got to talking about cars. This is not Mrs. j's favorite subject but she is trapped. The conversation went something like this:
New owner: My car was getting a little old so we decided to get a new one. The old one had about 130K miles on it. A lot of it due to us going on vacations, twice to Florida.
Member No. 1: Was it giving you trouble?
New owner: No, but we wanted to get rid of it before something happened to it.
Member No. 2: 130K miles is not a lot of miles these days for a car.
Member No. 1: Yeah, that's right. My husband says they are just getting broken in at around 100K miles.
New owner : Really. I didn't know that. Maybe we should have kept it but the new one is very nice.
Member No. 1: Hey, Mrs. j, how many miles are on your Subaru? What year is it?
Mrs. j: It's a 2012 and I think it has a little over 27K miles on it. I don't want a new car. This one is just fine for me but my husband says it is getting old.
Member No. 2: A 2012 is not old and 27K miles is pretty low for that year. BTW, didn't your husband get a new car a couple years ago?
Mrs. j: Yes, he got a 2015 Genesis.
Member No. 2: How many miles on that car.
Mrs. j: It just so happens that I know how many miles are on it because he was saying, the other day, he has to take it in for inspection and he mentioned that it doesn't even have 6K miles on it. He babies it. He doesn't drive it in the snow. When we go out we usually use my car. He doesn't even want to get it wet if he just washed it.
Member No. 2: WOW, that is really low miles. Even for a 2 year old car that's low. I guess he is going to have that car for a long time.
Mrs. j: He will if I have anything to say about it.
That's all for the chit chat at lunch. Now Mrs. j has this conversation with me when she gets home:
Mrs. j: I found out some very interesting things today about cars when I was having lunch with the girls.
Me: like what?
Mrs. j: Like cars are just getting broken in when they have 100K miles on them. So, my car is not due to be replaced anytime soon.
Me: That's just girls talking at lunch.
Mrs. j: No, one of their husbands said that. Based on that I don't NEED a new car and you for sure don't need another car. At the rate you put miles on that baby of yours, that car will outlive you, by years. It looks like I'll be selling a low mileage car when you're gone.
This is what happens when the girls get together for lunch. :@
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
So I'm really on the market. Volvo V60 is out, we are left with BMW 430i Grand Coupe, or in a very long shot, 330 wagon. 2018 GC seems much better packaged in terms of a value. The only thing going for the wagon is that red can be had with M-Sport package, which adds those just gorgeous black "shadowline" trim treatments, at a handsome price of course. BMW in their infinite wisdom did not see fit to avail the sportiest color on their "Sport 4-door" with their sport treatments. Anyway, want to do ED. Of course dealer No. 1, away from where live: Oh, we can do only sticker, cause all the logistics (what?), blah, blah. Ok, your price your choice. That I can do in my closest place. He gets a little indignant, as he was so nice to me and spent some time and now I dare to say no (my words, his subtle suggestion). That's the guy, by the way, who did not see fit to write/call a short thank you after the visit. BTW, his manager was so emphatic during the visit, how much they wanted to earn my business. I guess not THAT much, after all. It's alright, I'm a big boy, I have mine, you have yours. It's OK.
Again, ordering here in Florida seems to go same way - most of them think full sticker plus their huge fee. $1000 off on a $50k level is a huge favor in their mind, yet when taking from a stock, they can tap quite deep. I guess walking on car that's not yet made doesn't hurt as much, as on one that's sitting in front of you. Instant gratification rules. Fact of life. Move on. Florida market is growing, because of the population, so it just too easy to hit sales targets. Just look at the silly fees, mop and glo in downmarket, and you see they're not hurting.
Dino, I have found through many, many experiences, that "sticker" is ridiculous - ordered vehicle or not. You get a little better pricing if you can select a vehicle in the dealership's inventory or at the port on its way into the dealership or on the water (on a ship) headed for the US. Also, a little better pricing (when compared to ordering) on a dealer-traded vehicle.
If I can buy a brand new BMW 740 loaded for $12,000 below MSRP on a dealer traded vehicle, so can you! But I have also found, through experience and from being in the car business selling upscale vehicles, that some of the very best pricing on new cars is in the Southeast Coast area of Florida - Broward County especially.
If I can make a suggestion, shop your area and determine the exact car you want and try to arrive at the very best deal you can get. Drive down to my Condo and I'll put you and your wife up for a few days in the master bedroom suite. I will then take you guys shopping here for whatever car you want. If you belong to USAA or American Express or Morgan Stanley, etc., where they offer a coupon on the purchase of a new car, we'll print it up off my computer and printer and take that with us. I can assure you the very best price on anything you want.
You can have your car serviced at any dealership in your area. But if you can save $1000+ on a new car, it would definitely be worth your while.
Wow, Mike. This would be interesting. I don't have a wife, no USAA, but I do have Amex card, just not that Gold plus stuff, which I suspect is needed for the deals. I never got any offer from them. Used to own 2 cards, one was Costco (transferred to Citi Visa), one is Blue.
I'm doing Euro Delivery, which is another ball of wax. I'm after first volley of offers. One dealer already caved on some discount. Not huge, already decent. Remember that ED "sticker" is already discounted around 4 percent vs. US-based sticker (5 percent on base model plus none on options). Tomorrow I'll see my favorite salesman, local dealer that I bought my current car from. Hope for a bit more than got from the guy in the next town. I like the guy and would be happy to give him my business. He was quite cooperative during the "info gathering" period over last couple of years, never gave me an attitude. He is Polish, which is also a plus. I don't need to squeeze last drop of juice from that deal. I also hope my expectations are not off by too much of his. We had couple of frank and open conversations. I just don't want to overpay to an "entitled" guy, who thinks just writing Euro Delivery papers is such a favor that he doesn't need to do anything else (which was exactly first dealer's position - not the salesguy, just his bosses)
If you are doing ED, and taking US delivery in Spartanburg, should not matter at all where you buy it. Any dealer in the country should be able to handle that.
If you are doing ED, and taking US delivery in Spartanburg, should not matter at all where you buy it. Any dealer in the country should be able to handle that.
That's right. One matter is financing. Can be done only by BWM financial, or bank that works with dealers, as there is no collateral at time of signing (no title issued, as no vehicle in the US just yet) - which is a few weeks after the deal is signed, but a at least two weeks before the delivery itself in Germany. As long as they have such banks, it's all good, but non-local registration may be a small complication. Also post-sale service, but that's not such a huge deal these days, I know.
I hope it happens for you but a few days ago I got some bad news about a new car being in my future.
Mrs. j belongs to a group of women that does swimming aerobics several days a week. She has been doing this for quite a few years now. Anyway, they get together a couple times a month for lunch and one of the women got a new car, a smaller MB of some type because she was afraid the old one was wearing out. It was a 2009 (whatever it was) and they got to talking about cars. This is not Mrs. j's favorite subject but she is trapped. The conversation went something like this:
New owner: My car was getting a little old so we decided to get a new one. The old one had about 130K miles on it. A lot of it due to us going on vacations, twice to Florida.
Member No. 1: Was it giving you trouble?
New owner: No, but we wanted to get rid of it before something happened to it.
Member No. 2: 130K miles is not a lot of miles these days for a car.
Member No. 1: Yeah, that's right. My husband says they are just getting broken in at around 100K miles.
New owner : Really. I didn't know that. Maybe we should have kept it but the new one is very nice.
Member No. 1: Hey, Mrs. j, how many miles are on your Subaru? What year is it?
Mrs. j: It's a 2012 and I think it has a little over 27K miles on it. I don't want a new car. This one is just fine for me but my husband says it is getting old.
Member No. 2: A 2012 is not old and 27K miles is pretty low for that year. BTW, didn't your husband get a new car a couple years ago?
Mrs. j: Yes, he got a 2015 Genesis.
Member No. 2: How many miles on that car.
Mrs. j: It just so happens that I know how many miles are on it because he was saying, the other day, he has to take it in for inspection and he mentioned that it doesn't even have 6K miles on it. He babies it. He doesn't drive it in the snow. When we go out we usually use my car. He doesn't even want to get it wet if he just washed it.
Member No. 2: WOW, that is really low miles. Even for a 2 year old car that's low. I guess he is going to have that car for a long time.
Mrs. j: He will if I have anything to say about it.
That's all for the chit chat at lunch. Now Mrs. j has this conversation with me when she gets home:
Mrs. j: I found out some very interesting things today about cars when I was having lunch with the girls.
Me: like what?
Mrs. j: Like cars are just getting broken in when they have 100K miles on them. So, my car is not due to be replaced anytime soon.
Me: That's just girls talking at lunch.
Mrs. j: No, one of their husbands said that. Based on that I don't NEED a new car and you for sure don't need another car. At the rate you put miles on that baby of yours, that car will outlive you, by years. It looks like I'll be selling a low mileage car when you're gone.
This is what happens when the girls get together for lunch. :@
jmonroe
If you think that's bad, wait until one of her lunch buddies tells her she saw you at lunch with a woman that isn't her. . The odds of surviving that conversation are pretty slim.
I hope it happens for you but a few days ago I got some bad news about a new car being in my future.
Mrs. j belongs to a group of women that does swimming aerobics several days a week. She has been doing this for quite a few years now. Anyway, they get together a couple times a month for lunch and one of the women got a new car, a smaller MB of some type because she was afraid the old one was wearing out. It was a 2009 (whatever it was) and they got to talking about cars. This is not Mrs. j's favorite subject but she is trapped. The conversation went something like this:
New owner: My car was getting a little old so we decided to get a new one. The old one had about 130K miles on it. A lot of it due to us going on vacations, twice to Florida.
Member No. 1: Was it giving you trouble?
New owner: No, but we wanted to get rid of it before something happened to it.
Member No. 2: 130K miles is not a lot of miles these days for a car.
Member No. 1: Yeah, that's right. My husband says they are just getting broken in at around 100K miles.
New owner : Really. I didn't know that. Maybe we should have kept it but the new one is very nice.
Member No. 1: Hey, Mrs. j, how many miles are on your Subaru? What year is it?
Mrs. j: It's a 2012 and I think it has a little over 27K miles on it. I don't want a new car. This one is just fine for me but my husband says it is getting old.
Member No. 2: A 2012 is not old and 27K miles is pretty low for that year. BTW, didn't your husband get a new car a couple years ago?
Mrs. j: Yes, he got a 2015 Genesis.
Member No. 2: How many miles on that car.
Mrs. j: It just so happens that I know how many miles are on it because he was saying, the other day, he has to take it in for inspection and he mentioned that it doesn't even have 6K miles on it. He babies it. He doesn't drive it in the snow. When we go out we usually use my car. He doesn't even want to get it wet if he just washed it.
Member No. 2: WOW, that is really low miles. Even for a 2 year old car that's low. I guess he is going to have that car for a long time.
Mrs. j: He will if I have anything to say about it.
That's all for the chit chat at lunch. Now Mrs. j has this conversation with me when she gets home:
Mrs. j: I found out some very interesting things today about cars when I was having lunch with the girls.
Me: like what?
Mrs. j: Like cars are just getting broken in when they have 100K miles on them. So, my car is not due to be replaced anytime soon.
Me: That's just girls talking at lunch.
Mrs. j: No, one of their husbands said that. Based on that I don't NEED a new car and you for sure don't need another car. At the rate you put miles on that baby of yours, that car will outlive you, by years. It looks like I'll be selling a low mileage car when you're gone.
This is what happens when the girls get together for lunch. :@
jmonroe
If you think that's bad, wait until one of her lunch buddies tells her she saw you at lunch with a woman that isn't her. . The odds of surviving that conversation are pretty slim.
What if I wear a disguise so that I don't look like Dean Martin?
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I assumed you would want her to keep the subearu forever. Or are you bummed about not being able to flip the genny?
She will probably want to keep the Subie for a long time and since that is her car, I'm almost resigned to that fact. Even though it's always going to be the oldest of the two cars.
But it's going to be a tough sell for me to convince her that I should trade the Genny with very low miles on it.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I just got an email that says in the subject line I have a "Pending Transfer from USAA".
No text, just the subject line and a pdf attachment that says, "New Transfer Received".
Robo calls are a lot safer than this email. I have gotten 4 robo calls so far today, just sitting here at the desk. I didn't answer any of them, thanks to call display.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I hope it happens for you but a few days ago I got some bad news about a new car being in my future.
Mrs. j belongs to a group of women that does swimming aerobics several days a week. She has been doing this for quite a few years now. Anyway, they get together a couple times a month for lunch and one of the women got a new car, a smaller MB of some type because she was afraid the old one was wearing out. It was a 2009 (whatever it was) and they got to talking about cars. This is not Mrs. j's favorite subject but she is trapped. The conversation went something like this:
New owner: My car was getting a little old so we decided to get a new one. The old one had about 130K miles on it. A lot of it due to us going on vacations, twice to Florida.
Member No. 1: Was it giving you trouble?
New owner: No, but we wanted to get rid of it before something happened to it.
Member No. 2: 130K miles is not a lot of miles these days for a car.
Member No. 1: Yeah, that's right. My husband says they are just getting broken in at around 100K miles.
New owner : Really. I didn't know that. Maybe we should have kept it but the new one is very nice.
Member No. 1: Hey, Mrs. j, how many miles are on your Subaru? What year is it?
Mrs. j: It's a 2012 and I think it has a little over 27K miles on it. I don't want a new car. This one is just fine for me but my husband says it is getting old.
Member No. 2: A 2012 is not old and 27K miles is pretty low for that year. BTW, didn't your husband get a new car a couple years ago?
Mrs. j: Yes, he got a 2015 Genesis.
Member No. 2: How many miles on that car.
Mrs. j: It just so happens that I know how many miles are on it because he was saying, the other day, he has to take it in for inspection and he mentioned that it doesn't even have 6K miles on it. He babies it. He doesn't drive it in the snow. When we go out we usually use my car. He doesn't even want to get it wet if he just washed it.
Member No. 2: WOW, that is really low miles. Even for a 2 year old car that's low. I guess he is going to have that car for a long time.
Mrs. j: He will if I have anything to say about it.
That's all for the chit chat at lunch. Now Mrs. j has this conversation with me when she gets home:
Mrs. j: I found out some very interesting things today about cars when I was having lunch with the girls.
Me: like what?
Mrs. j: Like cars are just getting broken in when they have 100K miles on them. So, my car is not due to be replaced anytime soon.
Me: That's just girls talking at lunch.
Mrs. j: No, one of their husbands said that. Based on that I don't NEED a new car and you for sure don't need another car. At the rate you put miles on that baby of yours, that car will outlive you, by years. It looks like I'll be selling a low mileage car when you're gone.
This is what happens when the girls get together for lunch. :@
jmonroe
If you think that's bad, wait until one of her lunch buddies tells her she saw you at lunch with a woman that isn't her. . The odds of surviving that conversation are pretty slim.
What if I wear a disguise so that I don't look like Dean Martin?
jmonroe
I just got an email that says in the subject line I have a "Pending Transfer from USAA".
No text, just the subject line and a pdf attachment that says, "New Transfer Received".
Robo calls are a lot safer than this email. I have gotten 4 robo calls so far today, just sitting here at the desk. I didn't answer any of them, thanks to call display.
jmonroe
Got the exact same thing from USAA today. I was so excited about getting $4,900 for nothing!
2024 Ram 1500 Longhorn, 2019 Jeep Wrangler Rubicon, 2019 Ford Mustang GT Premium, 2016 Kia Optima SX, 2000 Pontiac Trans Am WS6
My favorite quote from "Matchstick Men": "They wanted something for nothing, so I gave them nothing for something". BTW, another USAA beneficiary here. They're on fire!
My MB salesman said the delay of the 2017 E400s was really hard on them. Some cars were 4, 5 , or 6 months late, so people traded in their cars based on their value at that time. Rep said they honored the prices they used at the time of buying....dealer ate the difference.
Are they all new to the business? Hell, the one time I ordered a car and had to wait 6 weeks, they gave me an estimate on trade only and said it is very likely it will remain the same unless something drastic happens in the market. I totally understood. I can't hold them to their number if we suddenly fall into another great depression and used car values plummet overnight
.
To be realistic, an expensive trade in can drop a few $100 a month in value so 5 months could easily become an extra $1000 lost profit. Also, the mileage on the trade in will be more than estimated at the time.
However, I will say this depreciating allowance on your trade in is kind of a scam....you used to trade in your 2010 Hoovermobile on a 2017 model and a 2010 was a 2010 model for that year. Now the value changes monthly.
OF, no depreciation for a new car....it basically stays the same until the next years model comes out.
Thanks for your nice comments.....I'll see how I make out today. I feel like I am preparing to pilot an Airbus A380 Jumbo Liner. I am slow to change, At first I didn't want to give up my 2012 535 for the 2015 E, so maybe I will get used to the new E.....it is unbelievably smooth and quiet with tremendously responsive steering. It is like driving taken to a whole new level. It is a technological masterpiece....maybe it can be fun to drive too.
Congratulations, I gather you really got an on time delivery on a late delivery.
Have fun learning about all the new advances on your new ride. I'm not so sure it will be all that much fun but you know what I mean.
One more thing, did they wax it or did you tell them you wanted to do it
.
jmonroe
I told them you were going to travel up here and do it for me.
Just as an example. there are no buttons for radio stations. You find the station, then slide the controler to preset, then set your station, then you have to try and figure out how to get out of that window each time. I am finding stuff slowly, but, honestly, it was easier to press a button....not as slick and gimmicky, but easier.
There are slide pads on the steering wheel and on the console, but talk about not paying attention. I guess I could try the voice control, but that is weird. It sure does ride nice though.
qbrozen I'm a bit confused by this line of questioning. Dealers do nothing in regards to depreciation. The market determines the value of vehicles. I think Mike was referring to used cars being re-evaluated monthly. That actually is no longer accurate, though. In the digital age, trade-in values are recalculated in real time as auction results and sales results happen.
Maybe this will help explain. Let us say I traded in my 2015 E400 for a 2017 E400. Dealer gives me a trade in value for the 2015 based on the new car arriving late November, and they take my trade in late Nov. New car isn't available until April. That means the trade in has about 4000 more miles on it, and it is on the dealers lot 4 months later than anticipated.......they would normally take that off the value of the trade-in.
I traded in a 2008 BMW 328 convertible for a 2012 bmw 535. I made the deal in early September. Car arrived in late October about 2 months later. They gave me less for the trade in because they said "we won't be able to sell a convertible until the spring".
They base the value of the trade on a diminishing bases....for each month after the appraisal date. I can see their point to some degree, but, I think it is a bit of a scam - like DOC fees, mop n glo, phony financing, tinting, 3M plastic shield, etching etc.
Mrs. j: No, one of their husbands said that. Based on that I don't NEED a new car and you for sure don't need another car. At the rate you put miles on that baby of yours, that car will outlive you, by years. It looks like I'll be selling a low mileage car when you're gone.
This is what happens when the girls get together for lunch
Good story, I read it all. Don't worry, when you are gone Mrs J will let her new boyfriend Rocky drive the Gennie.
qbrozen I'm a bit confused by this line of questioning. Dealers do nothing in regards to depreciation. The market determines the value of vehicles. I think Mike was referring to used cars being re-evaluated monthly. That actually is no longer accurate, though. In the digital age, trade-in values are recalculated in real time as auction results and sales results happen.
Maybe this will help explain. Let us say I traded in my 2015 E400 for a 2017 E400. Dealer gives me a trade in value for the 2015 based on the new car arriving late November, and they take my trade in late Nov. New car isn't available until April. That means the trade in has about 4000 more miles on it, and it is on the dealers lot 4 months later than anticipated.......they would normally take that off the value of the trade-in.
I traded in a 2008 BMW 328 convertible for a 2012 bmw 535. I made the deal in early September. Car arrived in late October about 2 months later. They gave me less for the trade in because they said "we won't be able to sell a convertible until the spring".
They base the value of the trade on a diminishing bases....for each month after the appraisal date. I can see their point to some degree, but, I think it is a bit of a scam - like DOC fees, mop n glo, phony financing, tinting, 3M plastic shield, etching etc.
If I am reading you right, I believe you are interpreting this incorrectly. The value of the trade is based in the real world. If they are doing anything different than that, you need to find a new dealer. But they should easily be able to show you the data if you have doubts. And, yes, in the north, convertibles are worth less in the winter. Dealers typically pay what they could pay for an equal car at auction (often less some auction fees and transport). Those values decrease monthly/weekly/daily.
'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
My MB salesman said the delay of the 2017 E400s was really hard on them. Some cars were 4, 5 , or 6 months late, so people traded in their cars based on their value at that time. Rep said they honored the prices they used at the time of buying....dealer ate the difference.
Are they all new to the business? Hell, the one time I ordered a car and had to wait 6 weeks, they gave me an estimate on trade only and said it is very likely it will remain the same unless something drastic happens in the market. I totally understood. I can't hold them to their number if we suddenly fall into another great depression and used car values plummet overnight
.
To be realistic, an expensive trade in can drop a few $100 a month in value so 5 months could easily become an extra $1000 lost profit. Also, the mileage on the trade in will be more than estimated at the time.
However, I will say this depreciating allowance on your trade in is kind of a scam....you used to trade in your 2010 Hoovermobile on a 2017 model and a 2010 was a 2010 model for that year. Now the value changes monthly.
OF, no depreciation for a new car....it basically stays the same until the next years model comes out.
Thanks for your nice comments.....I'll see how I make out today. I feel like I am preparing to pilot an Airbus A380 Jumbo Liner. I am slow to change, At first I didn't want to give up my 2012 535 for the 2015 E, so maybe I will get used to the new E.....it is unbelievably smooth and quiet with tremendously responsive steering. It is like driving taken to a whole new level. It is a technological masterpiece....maybe it can be fun to drive too.
Congratulations, I gather you really got an on time delivery on a late delivery.
Have fun learning about all the new advances on your new ride. I'm not so sure it will be all that much fun but you know what I mean.
One more thing, did they wax it or did you tell them you wanted to do it
.
jmonroe
I told them you were going to travel up here and do it for me.
Just as an example. there are no buttons for radio stations. You find the station, then slide the controler to preset, then set your station, then you have to try and figure out how to get out of that window each time. I am finding stuff slowly, but, honestly, it was easier to press a button....not as slick and gimmicky, but easier.
There are slide pads on the steering wheel and on the console, but talk about not paying attention. I guess I could try the voice control, but that is weird. It sure does ride nice though.
It was about as on time as it could be.
I should have asked you this when I sent my first post:
You said that your new GPS does not save your searches or something like that. If I got that right, does that mean you have to input every time the same info you input the previous time to go where you want to go? If so that is crazy. What good is a GPS like that?
That excuse about not wanting thieves to have that info is pretty damn lame as far as I'm concerned.
Please tell me that ain't the way it works.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
My MB salesman said the delay of the 2017 E400s was really hard on them. Some cars were 4, 5 , or 6 months late, so people traded in their cars based on their value at that time. Rep said they honored the prices they used at the time of buying....dealer ate the difference.
Are they all new to the business? Hell, the one time I ordered a car and had to wait 6 weeks, they gave me an estimate on trade only and said it is very likely it will remain the same unless something drastic happens in the market. I totally understood. I can't hold them to their number if we suddenly fall into another great depression and used car values plummet overnight
.
To be realistic, an expensive trade in can drop a few $100 a month in value so 5 months could easily become an extra $1000 lost profit. Also, the mileage on the trade in will be more than estimated at the time.
However, I will say this depreciating allowance on your trade in is kind of a scam....you used to trade in your 2010 Hoovermobile on a 2017 model and a 2010 was a 2010 model for that year. Now the value changes monthly.
OF, no depreciation for a new car....it basically stays the same until the next years model comes out.
Thanks for your nice comments.....I'll see how I make out today. I feel like I am preparing to pilot an Airbus A380 Jumbo Liner. I am slow to change, At first I didn't want to give up my 2012 535 for the 2015 E, so maybe I will get used to the new E.....it is unbelievably smooth and quiet with tremendously responsive steering. It is like driving taken to a whole new level. It is a technological masterpiece....maybe it can be fun to drive too.
Congratulations, I gather you really got an on time delivery on a late delivery.
Have fun learning about all the new advances on your new ride. I'm not so sure it will be all that much fun but you know what I mean.
One more thing, did they wax it or did you tell them you wanted to do it
.
jmonroe
I told them you were going to travel up here and do it for me.
Just as an example. there are no buttons for radio stations. You find the station, then slide the controler to preset, then set your station, then you have to try and figure out how to get out of that window each time. I am finding stuff slowly, but, honestly, it was easier to press a button....not as slick and gimmicky, but easier.
There are slide pads on the steering wheel and on the console, but talk about not paying attention. I guess I could try the voice control, but that is weird. It sure does ride nice though.
It was about as on time as it could be.
I should have asked you this when I sent my first post:
You said that your new GPS does not save your searches or something like that. If I got that right, does that mean you have to input every time the same info you input the previous time to go where you want to go? If so that is crazy. What good is a GPS like that?
That excuse about not wanting thieves to have that info is pretty damn lame as far as I'm concerned.
Please tell me that ain't the way it works.
jmonroe
I have to agree with @jmonroe here! Using thieves as an excuse to leave a feature everyone uses off of GPS is like saying to walk instead of drive a car because no one can steal a car you don't own!
'18 Porsche Macan Turbo, '16 Audi TTS, Wife's '19 VW Tiguan SEL 4-Motion
@jomonroe, When you are ready for a new car, just tell your wife the engine sounds like it's going bad and you want to change cars before your are hit with a big repair.
2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
qbrozen I'm a bit confused by this line of questioning. Dealers do nothing in regards to depreciation. The market determines the value of vehicles. I think Mike was referring to used cars being re-evaluated monthly. That actually is no longer accurate, though. In the digital age, trade-in values are recalculated in real time as auction results and sales results happen.
Maybe this will help explain. Let us say I traded in my 2015 E400 for a 2017 E400. Dealer gives me a trade in value for the 2015 based on the new car arriving late November, and they take my trade in late Nov. New car isn't available until April. That means the trade in has about 4000 more miles on it, and it is on the dealers lot 4 months later than anticipated.......they would normally take that off the value of the trade-in.
I traded in a 2008 BMW 328 convertible for a 2012 bmw 535. I made the deal in early September. Car arrived in late October about 2 months later. They gave me less for the trade in because they said "we won't be able to sell a convertible until the spring".
They base the value of the trade on a diminishing bases....for each month after the appraisal date. I can see their point to some degree, but, I think it is a bit of a scam - like DOC fees, mop n glo, phony financing, tinting, 3M plastic shield, etching etc.
If I am reading you right, I believe you are interpreting this incorrectly. The value of the trade is based in the real world. If they are doing anything different than that, you need to find a new dealer. But they should easily be able to show you the data if you have doubts. And, yes, in the north, convertibles are worth less in the winter. Dealers typically pay what they could pay for an equal car at auction (often less some auction fees and transport). Those values decrease monthly/weekly/daily.
I realize they value the car using the black book or red book. Maybe that changes monthly. They do calculate when you will be bringing the trade-in to the dealer. If for some reason you were ordering a car today they would give uyou a trade in value....if you said order me a car and I will bring my trade in 8 months from now, you would get less for it. All I know is that is what he told me and that is what I have had done. It seems the car is worth less each month, or at least every 2 months, definitely less if it comes in once the next years cars are out.
Maybe it is a Canadian thing and the US dealers haven't caught on yet.
When I traded in my 86 Mustang GT 2 years later, I got back just about all the selling price because people still didn't like the restyled next model. Used car values over time are not a straight line. Sometimes you get lucky.
2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
My MB salesman said the delay of the 2017 E400s was really hard on them. Some cars were 4, 5 , or 6 months late, so people traded in their cars based on their value at that time. Rep said they honored the prices they used at the time of buying....dealer ate the difference.
Are they all new to the business? Hell, the one time I ordered a car and had to wait 6 weeks, they gave me an estimate on trade only and said it is very likely it will remain the same unless something drastic happens in the market. I totally understood. I can't hold them to their number if we suddenly fall into another great depression and used car values plummet overnight
.
To be realistic, an expensive trade in can drop a few $100 a month in value so 5 months could easily become an extra $1000 lost profit. Also, the mileage on the trade in will be more than estimated at the time.
However, I will say this depreciating allowance on your trade in is kind of a scam....you used to trade in your 2010 Hoovermobile on a 2017 model and a 2010 was a 2010 model for that year. Now the value changes monthly.
OF, no depreciation for a new car....it basically stays the same until the next years model comes out.
Thanks for your nice comments.....I'll see how I make out today. I feel like I am preparing to pilot an Airbus A380 Jumbo Liner. I am slow to change, At first I didn't want to give up my 2012 535 for the 2015 E, so maybe I will get used to the new E.....it is unbelievably smooth and quiet with tremendously responsive steering. It is like driving taken to a whole new level. It is a technological masterpiece....maybe it can be fun to drive too.
Congratulations, I gather you really got an on time delivery on a late delivery.
Have fun learning about all the new advances on your new ride. I'm not so sure it will be all that much fun but you know what I mean.
One more thing, did they wax it or did you tell them you wanted to do it
.
jmonroe
I told them you were going to travel up here and do it for me.
Just as an example. there are no buttons for radio stations. You find the station, then slide the controler to preset, then set your station, then you have to try and figure out how to get out of that window each time. I am finding stuff slowly, but, honestly, it was easier to press a button....not as slick and gimmicky, but easier.
There are slide pads on the steering wheel and on the console, but talk about not paying attention. I guess I could try the voice control, but that is weird. It sure does ride nice though.
It was about as on time as it could be.
I should have asked you this when I sent my first post:
You said that your new GPS does not save your searches or something like that. If I got that right, does that mean you have to input every time the same info you input the previous time to go where you want to go? If so that is crazy. What good is a GPS like that?
That excuse about not wanting thieves to have that info is pretty damn lame as far as I'm concerned.
Please tell me that ain't the way it works.
jmonroe
The idea is that everyone puts their home address in their GPS. If thieves steal your car they can find out where you live, they know you aren't home, and they can empty your house. I believe you can use the recall to find past locations.
The GPS seems to have very good voice recognition, and you do it all in one step. Press voice activation, say directions to 1-0-1-0 Main St West, Buffalo New York and it will find it quick. You can also input your final destination plus other destinations on the way, say where your hotel is the first night.
Stealing cars and having addresses for thieves has been a problem. I don't know if I agree it would help, most people keep ownership etc in their car.
Mrs. j: I found out some very interesting things today about cars when I was having lunch with the girls.
Me: like what?
Mrs. j: Like cars are just getting broken in when they have 100K miles on them. So, my car is not due to be replaced anytime soon.
Me: That's just girls talking at lunch.
Mrs. j: No, one of their husbands said that. Based on that I don't NEED a new car and you for sure don't need another car. At the rate you put miles on that baby of yours, that car will outlive you, by years. It looks like I'll be selling a low mileage car when you're gone.
This is what happens when the girls get together for lunch. :@
jmonroe
I hear @driver100 knows a garbage truck driver who can arrange for your insurance company to buy you a new car.
Mrs. j: I found out some very interesting things today about cars when I was having lunch with the girls.
Me: like what?
Mrs. j: Like cars are just getting broken in when they have 100K miles on them. So, my car is not due to be replaced anytime soon.
Me: That's just girls talking at lunch.
Mrs. j: No, one of their husbands said that. Based on that I don't NEED a new car and you for sure don't need another car. At the rate you put miles on that baby of yours, that car will outlive you, by years. It looks like I'll be selling a low mileage car when you're gone.
This is what happens when the girls get together for lunch. :@
jmonroe
I hear @driver100 knows a garbage truck driver who can arrange for your insurance company to buy you a new car.
It is one h--- of a way to get a new car though :@
qbrozen I'm a bit confused by this line of questioning. Dealers do nothing in regards to depreciation. The market determines the value of vehicles. I think Mike was referring to used cars being re-evaluated monthly. That actually is no longer accurate, though. In the digital age, trade-in values are recalculated in real time as auction results and sales results happen.
Maybe this will help explain. Let us say I traded in my 2015 E400 for a 2017 E400. Dealer gives me a trade in value for the 2015 based on the new car arriving late November, and they take my trade in late Nov. New car isn't available until April. That means the trade in has about 4000 more miles on it, and it is on the dealers lot 4 months later than anticipated.......they would normally take that off the value of the trade-in.
I traded in a 2008 BMW 328 convertible for a 2012 bmw 535. I made the deal in early September. Car arrived in late October about 2 months later. They gave me less for the trade in because they said "we won't be able to sell a convertible until the spring".
They base the value of the trade on a diminishing bases....for each month after the appraisal date. I can see their point to some degree, but, I think it is a bit of a scam - like DOC fees, mop n glo, phony financing, tinting, 3M plastic shield, etching etc.
If I am reading you right, I believe you are interpreting this incorrectly. The value of the trade is based in the real world. If they are doing anything different than that, you need to find a new dealer. But they should easily be able to show you the data if you have doubts. And, yes, in the north, convertibles are worth less in the winter. Dealers typically pay what they could pay for an equal car at auction (often less some auction fees and transport). Those values decrease monthly/weekly/daily.
I realize they value the car using the black book or red book. Maybe that changes monthly. They do calculate when you will be bringing the trade-in to the dealer. If for some reason you were ordering a car today they would give uyou a trade in value....if you said order me a car and I will bring my trade in 8 months from now, you would get less for it. All I know is that is what he told me and that is what I have had done. It seems the car is worth less each month, or at least every 2 months, definitely less if it comes in once the next years cars are out.
Maybe it is a Canadian thing and the US dealers haven't caught on yet.
Terry used to say something to the effect that he could always spot the rookies at the auctions because of all the paper cuts they had on their fingers. Books are old hat. Real-time auction results keep the values moving constantly.
'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
who can actually steal a new MB anyway? If you can do that, you sure don't need to be getting into the navi. Or open the glove box and pull out the registration or insurance card with the address on it. Even easier.
simple trick though. Don't put your own address in. Pick one a block away or something like that. Gets you close enough that you should be able to find the rest yourself!
@jomonroe, When you are ready for a new car, just tell your wife the engine sounds like it's going bad and you want to change cars before your are hit with a big repair.
That might work.
Since it is a Hyundai, I could tell her it's starting to sound like her XG 350 sounded just before it blew up. Might not work for her Subie, but yeah, for my Genny, that otta work. Thanks for that info.
Whoever said that us guys on this site ain't thick in here was wrong.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Since it is a Hyundai, I could tell her it's starting to sound like her XG 350 sounded just before it blew up. Might not work for her Subie, but yeah, for my Genny, that otta work. Thanks for that info.
Whoever said that us guys on this site ain't thick in here was wrong.
jmonroe
I thought it would work better on the Subie since they sound bad even when they are running as designed.
I worried about the active call screener that requires a live caller to press '0' and then call back not being understood. Today I had two medical callers who were not on the accept list do just that, a dentist office and a therapy office. So my self-recorded message must be audible and understandable.
qbrozen I'm a bit confused by this line of questioning. Dealers do nothing in regards to depreciation. The market determines the value of vehicles. I think Mike was referring to used cars being re-evaluated monthly. That actually is no longer accurate, though. In the digital age, trade-in values are recalculated in real time as auction results and sales results happen.
Maybe this will help explain. Let us say I traded in my 2015 E400 for a 2017 E400. Dealer gives me a trade in value for the 2015 based on the new car arriving late November, and they take my trade in late Nov. New car isn't available until April. That means the trade in has about 4000 more miles on it, and it is on the dealers lot 4 months later than anticipated.......they would normally take that off the value of the trade-in.
I traded in a 2008 BMW 328 convertible for a 2012 bmw 535. I made the deal in early September. Car arrived in late October about 2 months later. They gave me less for the trade in because they said "we won't be able to sell a convertible until the spring".
They base the value of the trade on a diminishing bases....for each month after the appraisal date. I can see their point to some degree, but, I think it is a bit of a scam - like DOC fees, mop n glo, phony financing, tinting, 3M plastic shield, etching etc.
If I am reading you right, I believe you are interpreting this incorrectly. The value of the trade is based in the real world. If they are doing anything different than that, you need to find a new dealer. But they should easily be able to show you the data if you have doubts. And, yes, in the north, convertibles are worth less in the winter. Dealers typically pay what they could pay for an equal car at auction (often less some auction fees and transport). Those values decrease monthly/weekly/daily.
I realize they value the car using the black book or red book. Maybe that changes monthly. They do calculate when you will be bringing the trade-in to the dealer. If for some reason you were ordering a car today they would give uyou a trade in value....if you said order me a car and I will bring my trade in 8 months from now, you would get less for it. All I know is that is what he told me and that is what I have had done. It seems the car is worth less each month, or at least every 2 months, definitely less if it comes in once the next years cars are out.
Maybe it is a Canadian thing and the US dealers haven't caught on yet.
I don't put my REAL address in my GPS as my home for the reason you mentioned. For the Home Icon I put in the address that is about a block from my house. Even if I am drunk, if I get that far I should be able to find my way to my real house.
This following would be a really long story so I won't bore you with all of it. I'll just tell the very short version:
About 5 years ago someone tried to break into a house about a block down the street from me. The owner shot the intruder in the leg which is where he said he was aiming. When Mrs. j heard about this she said, "great, that's just great. We live in a neighborhood that is going down hill.". I told he she was looking at it all wrong. I said, "we live in a neighborhood that now has the reputation of shooting people that try to break into our houses".
If I wanted to be sadistic about this, I would put the address of that house in my GPS for my Home Icon.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
who can actually steal a new MB anyway? If you can do that, you sure don't need to be getting into the navi. Or open the glove box and pull out the registration or insurance card with the address on it. Even easier.
simple trick though. Don't put your own address in. Pick one a block away or something like that. Gets you close enough that you should be able to find the rest yourself!
You beat me to the punch 'stick' but my post has an interesting tale, so I won't delete it.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Since it is a Hyundai, I could tell her it's starting to sound like her XG 350 sounded just before it blew up. Might not work for her Subie, but yeah, for my Genny, that otta work. Thanks for that info.
Whoever said that us guys on this site ain't thick in here was wrong.
jmonroe
I thought it would work better on the Subie since they sound bad even when they are running as designed.
You must be listening to a lot of 4 cylinders. Mrs. j's 6 cylinder is pretty quiet.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
qbrozen I'm a bit confused by this line of questioning. Dealers do nothing in regards to depreciation. The market determines the value of vehicles. I think Mike was referring to used cars being re-evaluated monthly. That actually is no longer accurate, though. In the digital age, trade-in values are recalculated in real time as auction results and sales results happen.
Maybe this will help explain. Let us say I traded in my 2015 E400 for a 2017 E400. Dealer gives me a trade in value for the 2015 based on the new car arriving late November, and they take my trade in late Nov. New car isn't available until April. That means the trade in has about 4000 more miles on it, and it is on the dealers lot 4 months later than anticipated.......they would normally take that off the value of the trade-in.
I traded in a 2008 BMW 328 convertible for a 2012 bmw 535. I made the deal in early September. Car arrived in late October about 2 months later. They gave me less for the trade in because they said "we won't be able to sell a convertible until the spring".
They base the value of the trade on a diminishing bases....for each month after the appraisal date. I can see their point to some degree, but, I think it is a bit of a scam - like DOC fees, mop n glo, phony financing, tinting, 3M plastic shield, etching etc.
If I am reading you right, I believe you are interpreting this incorrectly. The value of the trade is based in the real world. If they are doing anything different than that, you need to find a new dealer. But they should easily be able to show you the data if you have doubts. And, yes, in the north, convertibles are worth less in the winter. Dealers typically pay what they could pay for an equal car at auction (often less some auction fees and transport). Those values decrease monthly/weekly/daily.
I realize they value the car using the black book or red book. Maybe that changes monthly. They do calculate when you will be bringing the trade-in to the dealer. If for some reason you were ordering a car today they would give uyou a trade in value....if you said order me a car and I will bring my trade in 8 months from now, you would get less for it. All I know is that is what he told me and that is what I have had done. It seems the car is worth less each month, or at least every 2 months, definitely less if it comes in once the next years cars are out.
Maybe it is a Canadian thing and the US dealers haven't caught on yet.
Maybe I'm not following correctly but did you say a new car doesn't depreciate until next year's model come out?
If you believe that drive your new car to the nearest dealer and ask for a buy bid.
Also, on your trade, if you had made a deal for a trade price to be made on a specific date and the dealer delayed delivery, how would any subsequent depreciation be your responsibility?
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
qbrozen I'm a bit confused by this line of questioning. Dealers do nothing in regards to depreciation. The market determines the value of vehicles. I think Mike was referring to used cars being re-evaluated monthly. That actually is no longer accurate, though. In the digital age, trade-in values are recalculated in real time as auction results and sales results happen.
Maybe this will help explain. Let us say I traded in my 2015 E400 for a 2017 E400. Dealer gives me a trade in value for the 2015 based on the new car arriving late November, and they take my trade in late Nov. New car isn't available until April. That means the trade in has about 4000 more miles on it, and it is on the dealers lot 4 months later than anticipated.......they would normally take that off the value of the trade-in.
I traded in a 2008 BMW 328 convertible for a 2012 bmw 535. I made the deal in early September. Car arrived in late October about 2 months later. They gave me less for the trade in because they said "we won't be able to sell a convertible until the spring".
They base the value of the trade on a diminishing bases....for each month after the appraisal date. I can see their point to some degree, but, I think it is a bit of a scam - like DOC fees, mop n glo, phony financing, tinting, 3M plastic shield, etching etc.
If I am reading you right, I believe you are interpreting this incorrectly. The value of the trade is based in the real world. If they are doing anything different than that, you need to find a new dealer. But they should easily be able to show you the data if you have doubts. And, yes, in the north, convertibles are worth less in the winter. Dealers typically pay what they could pay for an equal car at auction (often less some auction fees and transport). Those values decrease monthly/weekly/daily.
I realize they value the car using the black book or red book. Maybe that changes monthly. They do calculate when you will be bringing the trade-in to the dealer. If for some reason you were ordering a car today they would give uyou a trade in value....if you said order me a car and I will bring my trade in 8 months from now, you would get less for it. All I know is that is what he told me and that is what I have had done. It seems the car is worth less each month, or at least every 2 months, definitely less if it comes in once the next years cars are out.
Maybe it is a Canadian thing and the US dealers haven't caught on yet.
I don't put my REAL address in my GPS as my home for the reason you mentioned. For the Home Icon I put in the address that is about a block from my house. Even if I am drunk, if I get that far I should be able to find my way to my real house.
This following would be a really long story so I won't bore you with all of it. I'll just tell the very short version:
About 5 years ago someone tried to break into a house about a block down the street from me. The owner shot the intruder in the leg which is where he said he was aiming. When Mrs. j heard about this she said, "great, that's just great. We live in a neighborhood that is going down hill.". I told he she was looking at it all wrong. I said, "we live in a neighborhood that now has the reputation of shooting people that try to break into our houses".
If I wanted to be sadistic about this, I would put the address of that house in my GPS for my Home Icon.
jmonroe
Not putting in your home address won't help you. All the thief has to ask the Nav syestem is to "Find Dean Martin".
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
My favorite quote from "Matchstick Men": "They wanted something for nothing, so I gave them nothing for something". BTW, another USAA beneficiary here. They're on fire!
qbrozen I'm a bit confused by this line of questioning. Dealers do nothing in regards to depreciation. The market determines the value of vehicles. I think Mike was referring to used cars being re-evaluated monthly. That actually is no longer accurate, though. In the digital age, trade-in values are recalculated in real time as auction results and sales results happen.
Maybe this will help explain. Let us say I traded in my 2015 E400 for a 2017 E400. Dealer gives me a trade in value for the 2015 based on the new car arriving late November, and they take my trade in late Nov. New car isn't available until April. That means the trade in has about 4000 more miles on it, and it is on the dealers lot 4 months later than anticipated.......they would normally take that off the value of the trade-in.
I traded in a 2008 BMW 328 convertible for a 2012 bmw 535. I made the deal in early September. Car arrived in late October about 2 months later. They gave me less for the trade in because they said "we won't be able to sell a convertible until the spring".
They base the value of the trade on a diminishing bases....for each month after the appraisal date. I can see their point to some degree, but, I think it is a bit of a scam - like DOC fees, mop n glo, phony financing, tinting, 3M plastic shield, etching etc.
If I am reading you right, I believe you are interpreting this incorrectly. The value of the trade is based in the real world. If they are doing anything different than that, you need to find a new dealer. But they should easily be able to show you the data if you have doubts. And, yes, in the north, convertibles are worth less in the winter. Dealers typically pay what they could pay for an equal car at auction (often less some auction fees and transport). Those values decrease monthly/weekly/daily.
I realize they value the car using the black book or red book. Maybe that changes monthly. They do calculate when you will be bringing the trade-in to the dealer. If for some reason you were ordering a car today they would give uyou a trade in value....if you said order me a car and I will bring my trade in 8 months from now, you would get less for it. All I know is that is what he told me and that is what I have had done. It seems the car is worth less each month, or at least every 2 months, definitely less if it comes in once the next years cars are out.
Maybe it is a Canadian thing and the US dealers haven't caught on yet.
Terry used to say something to the effect that he could always spot the rookies at the auctions because of all the paper cuts they had on their fingers. Books are old hat. Real-time auction results keep the values moving constantly.
Maybe we are talking two different things. Auctions depend on what people will pay for a car. A dealer trade in is based on what the dealer is willing to pay for the car - usually based on some kind of guide, black book/blue book/KBB etc. My experience is new car dealers will tell you your car may be worth this much today, but it is worth less two or three months from now. I am not sure that is fair or not...I can see it up to a point, especially when new models come out, but, I think it is just another way to try to get the customer to pay more.
who can actually steal a new MB anyway? If you can do that, you sure don't need to be getting into the navi. Or open the glove box and pull out the registration or insurance card with the address on it. Even easier.
simple trick though. Don't put your own address in. Pick one a block away or something like that. Gets you close enough that you should be able to find the rest yourself!
I tend to agree with you - I am sure they thought this through though and thought this would help.
I just read an article though that might be getting closer to explaining it. I think the problem is key fobs contain a huge amount of information on them including GPS information, and that information can be lifted from your FOB. I don't think they actually carry it that far but it is amazing how much info is on your key FOB, and how thieves can get to it. THIEVES USE KEY FOBS TO GET INFO
@jomonroe, When you are ready for a new car, just tell your wife the engine sounds like it's going bad and you want to change cars before your are hit with a big repair.
That might work.
Since it is a Hyundai, I could tell her it's starting to sound like her XG 350 sounded just before it blew up. Might not work for her Subie, but yeah, for my Genny, that otta work. Thanks for that info.
Whoever said that us guys on this site ain't thick in here was wrong.
jmonroe
I think you are going to get into a lot of trouble trying that....you will probably be in the dog house and have to buy a new bedroom set, to go with the dining room.
Comments
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
If I can buy a brand new BMW 740 loaded for $12,000 below MSRP on a dealer traded vehicle, so can you! But I have also found, through experience and from being in the car business selling upscale vehicles, that some of the very best pricing on new cars is in the Southeast Coast area of Florida - Broward County especially.
If I can make a suggestion, shop your area and determine the exact car you want and try to arrive at the very best deal you can get. Drive down to my Condo and I'll put you and your wife up for a few days in the master bedroom suite. I will then take you guys shopping here for whatever car you want. If you belong to USAA or American Express or Morgan Stanley, etc., where they offer a coupon on the purchase of a new car, we'll print it up off my computer and printer and take that with us. I can assure you the very best price on anything you want.
You can have your car serviced at any dealership in your area. But if you can save $1000+ on a new car, it would definitely be worth your while.
2024 Genesis G90 Super-Charger
That new air conditioning unit I put in the Condo is working great. My last two electric bills which include A/C use just about every day, are about $10.00 a month less than last year and we just got a raise in electric rates in January. The bill was $33.45 for the month. The February bill was $37.67, also about $10.00 less than last year. So it would appear this new A/C unit is going to end up paying for itself in a few years considering the hot summer days ahead of us. It's amazing how much you can save when going from old appliances (got a new fridge two years ago and the new A/C was installed in December) to new appliances. Did away with a hot water tank and now have "on demand" hot water (electrically operated), also saving on my electric bill.
2024 Genesis G90 Super-Charger
Interesting though, the all new model is expected later this year and Jeep will offer the current and new models side by side for ~ 6 months.
I am torn - I want the convertible this summer, but would like to know more about the new model before pulling the trigger.
Will let you know how the process goes..
If I buy a 2014 MB C250 I can probably find out what month the car was traded in or was made, but does it affect the selling price? I don't think so.
The only reason for depreciating a car monthly is as it gets closer to the next years model cars...it will become a year older, but the rest of the year it shouldn't matter. I suppose they will say it affects the extended certified car warranty period.....and that may be a good reason.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
'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
'21 Dark Blue/Black Audi A7 PHEV (mine); '22 White/Beige BMW X3 (hers); '20 Estoril Blue/Oyster BMW M240xi 'Vert (Ours, read: hers in 'vert weather; mine during Nor'easters...)
However, I will say this depreciating allowance on your trade in is kind of a scam....you used to trade in your 2010 Hoovermobile on a 2017 model and a 2010 was a 2010 model for that year. Now the value changes monthly.
OF, no depreciation for a new car....it basically stays the same until the next years model comes out.
Thanks for your nice comments.....I'll see how I make out today. I feel like I am preparing to pilot an Airbus A380 Jumbo Liner. I am slow to change, At first I didn't want to give up my 2012 535 for the 2015 E, so maybe I will get used to the new E.....it is unbelievably smooth and quiet with tremendously responsive steering. It is like driving taken to a whole new level. It is a technological masterpiece....maybe it can be fun to drive too.
Congratulations, I gather you really got an on time delivery on a late delivery.
Have fun learning about all the new advances on your new ride. I'm not so sure it will be all that much fun but you know what I mean.
One more thing, did they wax it or did you tell them you wanted to do it.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
Mrs. j belongs to a group of women that does swimming aerobics several days a week. She has been doing this for quite a few years now. Anyway, they get together a couple times a month for lunch and one of the women got a new car, a smaller MB of some type because she was afraid the old one was wearing out. It was a 2009 (whatever it was) and they got to talking about cars. This is not Mrs. j's favorite subject but she is trapped. The conversation went something like this:
New owner: My car was getting a little old so we decided to get a new one. The old one had about 130K miles on it. A lot of it due to us going on vacations, twice to Florida.
Member No. 1: Was it giving you trouble?
New owner: No, but we wanted to get rid of it before something happened to it.
Member No. 2: 130K miles is not a lot of miles these days for a car.
Member No. 1: Yeah, that's right. My husband says they are just getting broken in at around 100K miles.
New owner : Really. I didn't know that. Maybe we should have kept it but the new one is very nice.
Member No. 1: Hey, Mrs. j, how many miles are on your Subaru? What year is it?
Mrs. j: It's a 2012 and I think it has a little over 27K miles on it. I don't want a new car. This one is just fine for me but my husband says it is getting old.
Member No. 2: A 2012 is not old and 27K miles is pretty low for that year. BTW, didn't your husband get a new car a couple years ago?
Mrs. j: Yes, he got a 2015 Genesis.
Member No. 2: How many miles on that car.
Mrs. j: It just so happens that I know how many miles are on it because he was saying, the other day, he has to take it in for inspection and he mentioned that it doesn't even have 6K miles on it. He babies it. He doesn't drive it in the snow. When we go out we usually use my car. He doesn't even want to get it wet if he just washed it.
Member No. 2: WOW, that is really low miles. Even for a 2 year old car that's low. I guess he is going to have that car for a long time.
Mrs. j: He will if I have anything to say about it.
That's all for the chit chat at lunch. Now Mrs. j has this conversation with me when she gets home:
Mrs. j: I found out some very interesting things today about cars when I was having lunch with the girls.
Me: like what?
Mrs. j: Like cars are just getting broken in when they have 100K miles on them. So, my car is not due to be replaced anytime soon.
Me: That's just girls talking at lunch.
Mrs. j: No, one of their husbands said that. Based on that I don't NEED a new car and you for sure don't need another car. At the rate you put miles on that baby of yours, that car will outlive you, by years. It looks like I'll be selling a low mileage car when you're gone.
This is what happens when the girls get together for lunch. :@
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I'm doing Euro Delivery, which is another ball of wax. I'm after first volley of offers. One dealer already caved on some discount. Not huge, already decent. Remember that ED "sticker" is already discounted around 4 percent vs. US-based sticker (5 percent on base model plus none on options). Tomorrow I'll see my favorite salesman, local dealer that I bought my current car from. Hope for a bit more than got from the guy in the next town. I like the guy and would be happy to give him my business. He was quite cooperative during the "info gathering" period over last couple of years, never gave me an attitude. He is Polish, which is also a plus. I don't need to squeeze last drop of juice from that deal. I also hope my expectations are not off by too much of his. We had couple of frank and open conversations. I just don't want to overpay to an "entitled" guy, who thinks just writing Euro Delivery papers is such a favor that he doesn't need to do anything else (which was exactly first dealer's position - not the salesguy, just his bosses)
2018 430i Gran Coupe
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
2018 430i Gran Coupe
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
What if I wear a disguise so that I don't look like Dean Martin?
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
But it's going to be a tough sell for me to convince her that I should trade the Genny with very low miles on it.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
I just got an email that says in the subject line I have a "Pending Transfer from USAA".
No text, just the subject line and a pdf attachment that says, "New Transfer Received".
Robo calls are a lot safer than this email. I have gotten 4 robo calls so far today, just sitting here at the desk. I didn't answer any of them, thanks to call display.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
2024 Ram 1500 Longhorn, 2019 Jeep Wrangler Rubicon, 2019 Ford Mustang GT Premium, 2016 Kia Optima SX, 2000 Pontiac Trans Am WS6
2018 430i Gran Coupe
Have fun learning about all the new advances on your new ride. I'm not so sure it will be all that much fun but you know what I mean.
One more thing, did they wax it or did you tell them you wanted to do it
jmonroe
I told them you were going to travel up here and do it for me.
Just as an example. there are no buttons for radio stations. You find the station, then slide the controler to preset, then set your station, then you have to try and figure out how to get out of that window each time. I am finding stuff slowly, but, honestly, it was easier to press a button....not as slick and gimmicky, but easier.
There are slide pads on the steering wheel and on the console, but talk about not paying attention. I guess I could try the voice control, but that is weird. It sure does ride nice though.
It was about as on time as it could be.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Maybe this will help explain. Let us say I traded in my 2015 E400 for a 2017 E400.
Dealer gives me a trade in value for the 2015 based on the new car arriving late November, and they take my trade in late Nov.
New car isn't available until April. That means the trade in has about 4000 more miles on it, and it is on the dealers lot 4 months later than anticipated.......they would normally take that off the value of the trade-in.
I traded in a 2008 BMW 328 convertible for a 2012 bmw 535. I made the deal in early September. Car arrived in late October about 2 months later. They gave me less for the trade in because they said "we won't be able to sell a convertible until the spring".
They base the value of the trade on a diminishing bases....for each month after the appraisal date. I can see their point to some degree, but, I think it is a bit of a scam - like DOC fees, mop n glo, phony financing, tinting, 3M plastic shield, etching etc.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
This is what happens when the girls get together for lunch
Good story, I read it all. Don't worry, when you are gone Mrs J will let her new boyfriend Rocky drive the Gennie.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
'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
Just as an example. there are no buttons for radio stations. You find the station, then slide the controler to preset, then set your station, then you have to try and figure out how to get out of that window each time. I am finding stuff slowly, but, honestly, it was easier to press a button....not as slick and gimmicky, but easier.
There are slide pads on the steering wheel and on the console, but talk about not paying attention. I guess I could try the voice control, but that is weird. It sure does ride nice though.
It was about as on time as it could be.
I should have asked you this when I sent my first post:
You said that your new GPS does not save your searches or something like that. If I got that right, does that mean you have to input every time the same info you input the previous time to go where you want to go? If so that is crazy. What good is a GPS like that?
That excuse about not wanting thieves to have that info is pretty damn lame as far as I'm concerned.
Please tell me that ain't the way it works.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
You said that your new GPS does not save your searches or something like that. If I got that right, does that mean you have to input every time the same info you input the previous time to go where you want to go? If so that is crazy. What good is a GPS like that?
That excuse about not wanting thieves to have that info is pretty damn lame as far as I'm concerned.
Please tell me that ain't the way it works.
jmonroe
I have to agree with @jmonroe here! Using thieves as an excuse to leave a feature everyone uses off of GPS is like saying to walk instead of drive a car because no one can steal a car you don't own!
When you are ready for a new car, just tell your wife the engine sounds like it's going bad and you want to change cars before your are hit with a big repair.
Maybe it is a Canadian thing and the US dealers haven't caught on yet.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Used car values over time are not a straight line. Sometimes you get lucky.
That excuse about not wanting thieves to have that info is pretty damn lame as far as I'm concerned.
Please tell me that ain't the way it works.
jmonroe
The idea is that everyone puts their home address in their GPS. If thieves steal your car they can find out where you live, they know you aren't home, and they can empty your house. I believe you can use the recall to find past locations.
The GPS seems to have very good voice recognition, and you do it all in one step. Press voice activation, say directions to 1-0-1-0 Main St West, Buffalo New York and it will find it quick. You can also input your final destination plus other destinations on the way, say where your hotel is the first night.
Stealing cars and having addresses for thieves has been a problem. I don't know if I agree it would help, most people keep ownership etc in their car.
I am just the messenger.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2017 Cadillac ATS Performance Premium 3.6
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
'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
simple trick though. Don't put your own address in. Pick one a block away or something like that. Gets you close enough that you should be able to find the rest yourself!
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
Since it is a Hyundai, I could tell her it's starting to sound like her XG 350 sounded just before it blew up. Might not work for her Subie, but yeah, for my Genny, that otta work. Thanks for that info.
Whoever said that us guys on this site ain't thick in here was wrong.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
2017 Cadillac ATS Performance Premium 3.6
We haven't had any robocallers get through.
2014 Malibu 2LT, 2015 Cruze 2LT,
This following would be a really long story so I won't bore you with all of it. I'll just tell the very short version:
About 5 years ago someone tried to break into a house about a block down the street from me. The owner shot the intruder in the leg which is where he said he was aiming. When Mrs. j heard about this she said, "great, that's just great. We live in a neighborhood that is going down hill.". I told he she was looking at it all wrong. I said, "we live in a neighborhood that now has the reputation of shooting people that try to break into our houses".
If I wanted to be sadistic about this, I would put the address of that house in my GPS for my Home Icon.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
If you believe that drive your new car to the nearest dealer and ask for a buy bid.
Also, on your trade, if you had made a deal for a trade price to be made on a specific date and the dealer delayed delivery, how would any subsequent depreciation be your responsibility?
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Will have impressions on both (mostly good to great) when I finish my trip.
Auctions depend on what people will pay for a car.
A dealer trade in is based on what the dealer is willing to pay for the car - usually based on some kind of guide, black book/blue book/KBB etc.
My experience is new car dealers will tell you your car may be worth this much today, but it is worth less two or three months from now.
I am not sure that is fair or not...I can see it up to a point, especially when new models come out, but, I think it is just another way to try to get the customer to pay more.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
I just read an article though that might be getting closer to explaining it. I think the problem is key fobs contain a huge amount of information on them including GPS information, and that information can be lifted from your FOB. I don't think they actually carry it that far but it is amazing how much info is on your key FOB, and how thieves can get to it.
THIEVES USE KEY FOBS TO GET INFO
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2017 MB E400 , 2015 MB GLK350, 2014 MB C250