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This assumes your buying wholesale, you will take a bigger instant depreciation hit driving a 4 year old used car off a dealers lot vs a new car (especially if it's certified), just look at the blue book retail vs trade in values on a 4 year old car of your choice.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
-Moo
This assumes your buying wholesale, you will take a bigger instant depreciation hit driving a 4 year old used car off a dealers lot vs a new car (especially if it's certified), just look at the blue book retail vs trade in values on a 4 year old car of your choice.
Not at all. No used car depreciates more in the first two years then a new one.
Sales people are myoptic. They only see things from inside the glass. First of all Used car dealers are more inclined to sell for less ptofit as they dont have nearly the overhead as a new car dealership. Certified cars are a joke.
I think some manufacturers are stopping the whole certified thing. Its a forced Extended Warranty which would not otherwise be needed,
ALL THE CARS ONE SEES ON THE STREETS AND HIGHWAYS EVERYDAY ARE USED CARS.......
Thise whole " I don't know if they took care of it or how" is just a talking point to sell new. Most people take care of their cars. Todays cars are practically idiot proof maintenance wise anyway. Even GM and Ford!! People are changing oil at 3000 miles. Not needed. everything else is electronic. Plugs last 100k any more. most scheduled mantenance is CHECK this and that..LOL
For some people a car is their identity. They enjoy having what they think others want. ITs about image, For them there is no other choice but to buy new and often at any price.
For the AVG Joe and those who are more inclined not to owe others but to COLLECT interest instead there are many ways to limit the expenditure for a car. Which in my world is a necessary evil not a badge of success.
They also have a 2005 Sebring ragtop listed there for the same price. It has a lot less miles on it so its would be a better deal.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Mags like Consumer Reports don't help. JD Powers reflects real world owners.
Its interesting to note that many high line cars have MORE issues then even Fords or Chevy's. Much Like a new Steinway needs more and constant regulation and set up then a Yamaha.Rolexes need "maintenance". Timex don't although they both are equal in their primary purpose, People buy badges for badges sake sometimes.
In my world a car is a necessary evil. Not a badge of success. When you view it that way all emotion disappears from the deal and you are able to walk any deal anytime if it does not meet with MY expectations. I have much more time to "waste" then anyone in a dealership. Time is your friend when dealing. They teach that to salespeople. Time is grind. It works both ways.
Toyota and Honda have had great success with their strategy. It took them decades to get to the point they're at now, though. Hyundai is just taking a page out of Toyota's and Honda's book. It's going to take them awhile, but it looks like they're doing a good job.
Perception is sometimes reality. Hyunai's perception as a builder of quality vehicles isn't the same as as Toyota's or Honda's. Ergo, bad resale. GIve it time, though.
My son has an '03 Elantra. It's been a wonderful car for him. No breakdowns. No unscheduled trips to the dealer. That said, I told him to drive it until the wheels fall off. No matter how good the car has been, a 5 year old Hyundai's resale value will be in the toilet.
I helped a friend of mine buy an '07 Sonata. It's every bit as nice as a Camry or Accord. It's quality is as good, or better. I told her the same thing. Drive it until it dies. Trading or selling it before that time, and she's going to be disappointed with what it's worth.
If Hyundai keeps this up, in 5 years, the resale values will rise.
Kia (owned by Hyudai) has further to go. TB, if Kia works for you, great. It's what you like. Some people like Chevies. Some like Fords. Some like Hondas.
That's what makes the automotive landscape so rich. There's a brand, a model, a type of vehicle that fits everyone's wants/needs. Kia fits your parameters. That's why they exist...for people like you. Nothing wrong with that. Nothing wrong with folks who like Buicks, either.
BTW....look at any trade pub, or ask any dealer you know, and they'll tell you there's more profit in used cars than new cars.
We don't need two SUVs.
I did recently purchase a 92 Stealth RT for fun and a hobby car. Couldn't pass up that deal. For a 15 year old car they still look pretty modern and are a hoot to drive.
KIA is Hyundai. Same company same culture, same quality.
That's like saying Mazda is Toyota and GM is Ford.
In this case, Kia is actually owned by Hyundai. It is, in effect, the same company.
Not to put words in someone else's post, but I believe the reference was to company culture.
regards,
kyfdx
visiting host
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2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Thanks so much!
Also if I wait til winter, like the dead of winter, do you think I am will be able to get a better deal?!?
Amazing. The difference between an Explorer and a Land Rover is huge YET the Corporate culture coming from the top is the same. I would not buy a Land Rover BECAUSE its Ford owned SORRY. Look What happend to Mercedes Benz when they got into bed with an AMERICAN company.QUALITY took a dump on the Mercedes side.
Sorry. Kia is Hyundai is KIA. Both have the same price points, Warranties and body styles. Both are very much the same in more ways then different. Both have equally good or bad reputations and similar resale values. Hardly like Ford owned companies.
"KIA is Hyundai. Same company same culture, same quality."
Had you said "same company same quality" that is an objective opinion. So what is the point about same culture? What does culture have anything to do with it?
But hey, that's ok. I just call em like I see em.
Heres an example you might be able to relate with.
All car dealers who use Screamer ads tend to have the same corporate culture.
Culture yes culture. different businesses, and yes races have their own CULTURE. Google has one. Microsoft has one,
The Chinese, the Italians as well as every race. The Japanese business culture is responsible for the great cars and their insistence on quality ahead of profit. Kaizan. The American auto business culture puts profit ahead of even safety!
Those aren't races. They are nationalities.
Yes, corporate culture is another concept entirely and may have some bearing on the deal that you get but I don't think those are the kinds of buying tips people are looking for here.
And our Forums culture is to stay on topic. Let's get back to it.
Incidentally, it's spelled kaizen - with an "e".
tidester, host
SUVs and Smart Shopper
Don't know about that, I know a couple people who lease cars who never changed their oil. So I would avoid leased cars. And many late models are rental returns, wouldn't want one of those. I always buy from private individuals, from wealthy neighborhoods if I can.
TB...I remember those Stealths (Dodges made by Mitsubishi). Cool lookers. I think I remember they came with a turbo 6 banger with AWD, too.
Bait and switch....ewwww!!
Would I want one of those BMWs that come off lease when the oil wasn't changed except every 15K miles? Probably not.
I change my oil every 5,000 miles in the BMW. Do the same with my Tahoe. I'm probably being too conservative in my oil change schedules. That's just the way I am, though. I'll keep the BMW another couple of years, until the warranty is up. Whoever gets it, will have all of my service records and know that it was well cared for. Those "off-lease" BMWs? I wouldn't be so sure.
Repairs on BMWs are not cheap....and that's being kind.
I'm just a little leary of "off-lease" cars. I could be wrong, but I tend to think those that lease, tend to care less about taking cre of their cars because they know in 24-36 months, they'll be giving it back.
The inventory is running out, and the lease program will not get any better.
If a dealer is stuck with unsold inventory - they can discount it for a purchase, but if lease rates are high - the payment will remain high.
The lease might get better for '08 Eos, maybe around December, when we get enough inventory.
Bait and switch....ewwww!!
Obyone, I don't even like Tbaxon and have put him on ignore. But come on man, that was so far from a racial comment it's not even funny. I read the post 3 times and figured he must have edited it. But Culture is far from racial.
Typically your car will usually require more in repairs from 175K to 200K miles than it takes from 15k to 175K miles. So buying a new car that will be under warranty for 30k+ miles and should run practically trouble free for 100K+ miles in the long run will be less expensive than keeping a high mileage car running as long.
Is it less expensive to put $4000 into a new engine or transmission in an otherwise good car then spend $20,000 for a new one?
That $4 grand will pay 9 months of payments on a 48 month loan for that $20K car. Now the question is if a car needs a new engine what other work does it need or will it need in the next 9 months or after that. If the tranny goes thats another several months worth of payments. And thats not even counting the inconvience and trouble involved in getting that car repaired.
I do agree that once a car is paid off that you should keep on driving it. However sooner or later the cost of repairs and the cost of the time and trouble of repairing your car will exceed the payments that a new car will cost.
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Deep Breath--I agree with snake, repairs on the outgoing car were becoming dangerously close to a new car payment. The old car was 15 years old, the value has been largely driven out of it, and I feel like my self and the previous family member owner got our monies worth.
For my car payment, I get a brand new vehicle with a warranty, fewer maintenance requirements, presumably no repairs, and in this case, slightly better fuel economy, more passive/active safety systems (including LATCH), and slightly more creature comforts (6cd changer instead of am/fm cassette woot woot). The particular car I got new was less than the used ones I had found.
Its not my favorite car, but it made enough sense at the time. Hopefully it will be worth something when it comes time to get something more interesting.
I was referring to cars with 70K-150K. Not over 200K or even over 10 years old.
I just bought a 92 Stealth week end driver.with 156K on it for $3k It has new JDM engine (70K) rebuilt trans. New brakes, ABS ECU, tie rods, cv + boots , Timing belt all the hoses clutch, All withing the last $15k .Everything works. Its a play toy. I would put another $4K-5K into the car if it needed it next week. Now where am I going to drive a 225 HP Sport car that one does not see everyday and looking like new $7K. NOWHERE in any dealership. And Thats BEFORE I put the $4k I have allocated for future repairs in it! Yeah I could go out and buy a 2 year old Vette and take a huge deprecation beating. Id rather put the "depreciation money" into the car rather then leave it in the dealer's bank.
Its becoming more and more common.
I just bought a 92 Stealth week end driver.with 156K on it for $3k
Good luck. Hope you didn't buy it from a middle aged slightly balding blonde haired gentleman who stands about 5 foot 8 inches tall.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
I think people keep cars as well because they don't look old. Cars are so non descript any more, Not like the 70's. Where a 62 Falcon LOOKED like a 62 FAlcon,I cant tell the difference between a 99 caddy and todays. or Lincoln or BMW or Lexus even..
Well I think people keep cars longer now simply because they last longer. Up through the 80's cars usually started going bad after 100K or so miles. Now you can get 200K on most cars with just the basic care.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
I don't know what to even say. Someone pass me a brown paper bag. I think I'm hyperventilating.
-Moo
I don't know what to even say. Someone pass me a brown paper bag. I think I'm hyperventilating.
-Moo
Here! try this gas pipe......
Still hurting though......
-Moo
AHAHHHAHHAH. ROFL.
Someone please stop me.
-MOo
Edit: Folks, the deal of the century is upon you. Impress your friends and WOW your neighbors.... Everyone wants a '92 Stealth. Here is your opportunity.
http://cgi.ebay.com/ebaymotors/ws/eBayISAPhttp://memimage.cardomain.net/member_i- - mages/4/web/2056000-2056999/2056002_4_full.jpgI.dll?ViewItem&ih=014&category=620- - 6&sspagename=WDVW&viewitem=&item=330155968495&rd=1
I know noone has bid on it yet, but please don't take that for disinterest. There are thousands of people interested in this vehicle. Get a steal like other members here at Edmunds have done before you!!!
http://en.wikipedia.org/wiki/Kim_chee
He convinced me that it wouldn't hurt to toss some numbers around and see if we can come up with something. So I'm sitting in the office and he tells me I need to fill a credit app to begin the negotiations. I tell him my company will be buying the truck and if we agree to the numbers he can call my banker to arrange the financing.
Well the GSM is not the same one I worked with in '99 and '00 rather a new one who tells the sales person I don't give a **** who he knows at this dealership he needs to fill a credit app or no price.
Bottom line I told the salesperson that I wouldn't fill a credit app and its too bad about his GSM having an attitude as I started walking back to service.
I knew the GM, F&I, and Service Managers on a first name basis though I wouldn't expect any special treatment but still couldn't understand the part about the credit app.
BTW, I bought a Denali from the old GSM who had moved to their GMC store. When I asked him what was the others guys problem was all he said was "yeah he can be a hard *** at times". He also said they have the latitude to ask for an app or not and he couldn't understand what the problem was either since I had bought two trucks rather recently.
Any opinions? And no I had never met the other GSM before.
2013 Mustang GT, 2001 GMC Yukon Denali
I just gotta ask.... you paid $3,000 for a "17 year old" 156,000 mile vehicle that's worth "maybe" $1,000 - and you're ready to drop another $4,000/$5,000 into the car next week..?!?
Isn't that like paying $90,000 for a $60,000 "Extreme makeover house" that needs $40,000 in improvements...???
Yikes.......!