Edmunds Members - Cars and Conversations (Archived)

ab348 · April 2019

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.

If he does trade it, I would use the $6000 repair argument against the dealer and buy it for $39K. I'd love a RS 8.

qbrozen · April 2019

Mr_Shiftright said:

I think the diesel passenger car market is dead in the USA and it's going to stay dead. But, we will still see them for private use in pickups, of course, maybe some Jeeps, and certainly in Class A motor homes. @qbrozen -- Q, that Jetta TDI is missing a pedal. Didn't that year still have the dreaded VW DSG, or is it the improved transmission?

Didn’t know there was a “dreaded” version. Mine was a 2014, and I thought it was a pretty bad transmission, but I don’t think my opinion was a popular one.

jmonroe1 · April 2019

henryn said:

jmonroe1 said:

I was poking around on cars.com yesterday, and found a 2017 Genesis G80 AWD with 33,000 miles on it. Asking price $28K.

That's a lot of car for the money. Those were, what, $50K brand new?
At least and probably 5 grand more for a V8.

jmonroe

I'm glad I'm not in the market for one of those today. By the time I need another one I might not be driving anymore. Or maybe I'll just wait for the price to go down.

jmonroe

ruking1 · April 2019

qbrozen said:

Mr_Shiftright said:

I think the diesel passenger car market is dead in the USA and it's going to stay dead. But, we will still see them for private use in pickups, of course, maybe some Jeeps, and certainly in Class A motor homes.

@qbrozen -- Q, that Jetta TDI is missing a pedal. Didn't that year still have the dreaded VW DSG, or is it the improved transmission?

Didn’t know there was a “dreaded” version. Mine was a 2014, and I thought it was a pretty bad transmission, but I don’t think my opinion was a popular one.

The 2009 DSG 6 speed was not my fav transmission. Nor was the 2003 automatic. I absolutely loved the 2012 Aisin 8 speed A/T. So for me dodging land mines remains an important skill.

driver100 · April 2019

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).

I don't think I would spend $45000 + mark-up which would probably be closer to $55000 on a luxury liner that is 4 years old. I think your estimate of 30000 miles is accurate. I would rather take the $55000 and get a nice NEW A4, C Class or 3 Series......at least I would have 3 years of warranty, plus about 3 years more driving pleasure.

driver100 · April 2019

jmonroe1 said:

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).
I'm of the belief that if you can truly afford a car that costs 120K, you shouldn't be concerned about depreciation just like a guy who buys a V8 shouldn't be concerned with gas mileage. You can only pretend so long.

jmonroe

Gas mileage isn't going to add up the way depreciation can. It hurts to pay $120000, and then 4 years later want to trade into a similar car and have to pay $80000 difference....that is costing $20000 a year in depreciation. In this case leasing is probably a lot less.

driver100 · April 2019

ab348 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
If he does trade it, I would use the $6000 repair argument against the dealer and buy it for $39K. I'd love a RS 8.

It is a nice car....he won't drive it if the roads have any ice or snow on them at all, the sports tires are useless....not sure what the AWD is for then.

driver100 · April 2019

jmonroe1 said:

henryn said:

jmonroe1 said:

I was poking around on cars.com yesterday, and found a 2017 Genesis G80 AWD with 33,000 miles on it. Asking price $28K.

That's a lot of car for the money. Those were, what, $50K brand new?
At least and probably 5 grand more for a V8.

jmonroe

I'm glad I'm not in the market for one of those today. By the time I need another one I might not be driving anymore. Or maybe I'll just wait for the price to go down.

jmonroe

Isn't the G80 larger than the Genesis you have? They look pretty big.

driver100 · April 2019

"

ab348"

If he does trade it, I would use the $6000 repair argument against the dealer and buy it for $39K. I'd love a RS 8.

It is a nice car....he won't drive it if the roads have any ice or snow on them at all, the sports tires are useless....not sure what the AWD is for then. Since he is away for 5 to 6 months he doesn't get snow tires.

driver100 · April 2019

jmonroe1 said:

driver100 said:

jmonroe1 said:

houdini2 said:

28firefighter said:
It's funny about the CX-5 diesel. I had someone reach out to me yesterday for a list of cars to look at and they are hellbent on a hybrid or a diesel crossover for "efficiency." I had to explain that those two things no longer are the sole drivers of efficiency - that many of the new turbo 4 engines are just as efficient, if not more so, than some hybrid and diesel engines. They don't care - which tells me it isn't about reality, it is also about the image.

28firefighter said:
It's funny about the CX-5 diesel. I had someone reach out to me yesterday for a list of cars to look at and they are hellbent on a hybrid or a diesel crossover for "efficiency." I had to explain that those two things no longer are the sole drivers of efficiency - that many of the new turbo 4 engines are just as efficient, if not more so, than some hybrid and diesel engines. They don't care - which tells me it isn't about reality, it is also about the image.
Image has always been and will continue to be important in all automobile purchases.
Damn, now you know why I have purchased two Genny's.

jmonroe
.........................because you are a wannabe?
And more importantly, I know my place in life.

jmonroe

Wanting to play with the Big Boys!

oldfarmer50 · April 2019

tjc78 said:

houdini2 said:
Mazda is finally bringing the CX5 diesel to U.S. Supposedly this Fall. It doesn't appear to get much better mpg than their gas version. Not much, if any, of the new tech they were touting.

Also Hyundai is touting smallest SUV for U.S. this year. The Venue. Looks to be a city car or grocery getter, but a cute little dude.
I'm calling it now... that CX-5 will flop. I like the idea of a diesel... but in the US they never seem to take off.

A smaller SUV than the Kona? Wow, that's going to be tiny.

The Kona is pretty small.

berri · April 2019

...but good coffee

oldfarmer50 · April 2019

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.

Best thing is to seal it up in a garage for 40 years until the value comes back up.

ab348 · April 2019

oldfarmer50 said:

tjc78 said:

houdini2 said:
Mazda is finally bringing the CX5 diesel to U.S. Supposedly this Fall. It doesn't appear to get much better mpg than their gas version. Not much, if any, of the new tech they were touting.

Also Hyundai is touting smallest SUV for U.S. this year. The Venue. Looks to be a city car or grocery getter, but a cute little dude.
I'm calling it now... that CX-5 will flop. I like the idea of a diesel... but in the US they never seem to take off.

A smaller SUV than the Kona? Wow, that's going to be tiny.
The Kona is pretty small.

Hyundai just announced an even smaller CUV, called the Venue (dumb name), a bit more upright and traditional looking. Just what the world needs.

oldfarmer50 · April 2019

ruking1 said:

qbrozen said:

Mr_Shiftright said:

I think the diesel passenger car market is dead in the USA and it's going to stay dead. But, we will still see them for private use in pickups, of course, maybe some Jeeps, and certainly in Class A motor homes.

@qbrozen -- Q, that Jetta TDI is missing a pedal. Didn't that year still have the dreaded VW DSG, or is it the improved transmission?

Didn’t know there was a “dreaded” version. Mine was a 2014, and I thought it was a pretty bad transmission, but I don’t think my opinion was a popular one.

The 2009 DSG 6 speed was not my fav transmission. Nor was the 2003 automatic. I absolutely loved the 2012 Aisin 8 speed A/T. So for me dodging land mines remains an important skill.

Aisin is reputed to be the only decent CVT so it figures that their regular auto tranny would be good too.

Many car companies that have tried DSGs have been unhappy. I’m thinking of Ford and Kia in particular.

jmonroe1 · April 2019

driver100 said:

jmonroe1 said:

henryn said:

jmonroe1 said:

I was poking around on cars.com yesterday, and found a 2017 Genesis G80 AWD with 33,000 miles on it. Asking price $28K.

That's a lot of car for the money. Those were, what, $50K brand new?
At least and probably 5 grand more for a V8.

jmonroe

I'm glad I'm not in the market for one of those today. By the time I need another one I might not be driving anymore. Or maybe I'll just wait for the price to go down.

jmonroe

Isn't the G80 larger than the Genesis you have? They look pretty big.

Same car different name but still the same size.

My 2015 is the second generation of the Genesis and it's called a Genesis. In 2016 Hyundai decided to call the division Genesis and renamed the old Genesis car the G80 and the old Equss car the G90. Have yet to see the store with the Genesis name.

jmonroe

jmonroe1 · April 2019

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

houdini2 said:

28firefighter said:
It's funny about the CX-5 diesel. I had someone reach out to me yesterday for a list of cars to look at and they are hellbent on a hybrid or a diesel crossover for "efficiency." I had to explain that those two things no longer are the sole drivers of efficiency - that many of the new turbo 4 engines are just as efficient, if not more so, than some hybrid and diesel engines. They don't care - which tells me it isn't about reality, it is also about the image.

28firefighter said:
It's funny about the CX-5 diesel. I had someone reach out to me yesterday for a list of cars to look at and they are hellbent on a hybrid or a diesel crossover for "efficiency." I had to explain that those two things no longer are the sole drivers of efficiency - that many of the new turbo 4 engines are just as efficient, if not more so, than some hybrid and diesel engines. They don't care - which tells me it isn't about reality, it is also about the image.
Image has always been and will continue to be important in all automobile purchases.
Damn, now you know why I have purchased two Genny's.

jmonroe
.........................because you are a wannabe?
And more importantly, I know my place in life.

jmonroe
Wanting to play with the Big Boys!

Not yet. Maybe when I get a little older.

jmonroe

jmonroe1 · April 2019

driver100 said:

jmonroe1 said:

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).
I'm of the belief that if you can truly afford a car that costs 120K, you shouldn't be concerned about depreciation just like a guy who buys a V8 shouldn't be concerned with gas mileage. You can only pretend so long.

jmonroe
Gas mileage isn't going to add up the way depreciation can. It hurts to pay $120000, and then 4 years later want to trade into a similar car and have to pay $80000 difference....that is costing $20000 a year in depreciation. In this case leasing is probably a lot less.

Like I said, if you're concerned with depreciation, you're in a league you can't afford to be in.

jmonroe

driver100 · April 2019

driver100 said:

ab348 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
If he does trade it, I would use the $6000 repair argument against the dealer and buy it for $39K. I'd love a RS 8.

It is a nice car....he won't drive it if the roads have any ice or snow on them at all, the sports tires are useless....not sure what the AWD is for then. Since he is away for 5 to 6 months he doesn't get snow tires.

driver100 · April 2019

ab348"
If he does trade it, I would use the $6000 repair argument against the dealer and buy it for $39K. I'd love a RS 8

.

It is a nice car....he won't drive it if the roads have any ice or snow on them at all, the sports tires are useless....not sure what the AWD is for then. Since he is away for 5 to 6 months he doesn't get snow tires.

driver100 · April 2019

ab348 said:

oldfarmer50 said:

tjc78 said:

houdini2 said:
Mazda is finally bringing the CX5 diesel to U.S. Supposedly this Fall. It doesn't appear to get much better mpg than their gas version. Not much, if any, of the new tech they were touting.

Also Hyundai is touting smallest SUV for U.S. this year. The Venue. Looks to be a city car or grocery getter, but a cute little dude.
I'm calling it now... that CX-5 will flop. I like the idea of a diesel... but in the US they never seem to take off.

A smaller SUV than the Kona? Wow, that's going to be tiny.
The Kona is pretty small.
Hyundai just announced an even smaller CUV, called the Venue (dumb name), a bit more upright and traditional looking. Just what the world needs.

Odd, it is supposed to be small but doesn't look too small...at least it looks boxy and substantial.

driver100 · April 2019

jmonroe1 said:

driver100 said:

jmonroe1 said:

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).
I'm of the belief that if you can truly afford a car that costs 120K, you shouldn't be concerned about depreciation just like a guy who buys a V8 shouldn't be concerned with gas mileage. You can only pretend so long.

jmonroe
Gas mileage isn't going to add up the way depreciation can. It hurts to pay $120000, and then 4 years later want to trade into a similar car and have to pay $80000 difference....that is costing $20000 a year in depreciation. In this case leasing is probably a lot less.
Like I said, if you're concerned with depreciation, you're in a league you can't afford to be in.

jmonroe

Don't most people who know about cars.....consider depreciation to some degree? I consider it, it is one reason (not the main one) that I would consider going to a C Class car next time around. I got the E size mostly for the trip to Florida and back, and I like the safety a larger car offers - we may be alive because of the E400, or at least able to walk, but, I think I could be content with a C a 3 or an A4.

Michaell · April 2019

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).
I'm of the belief that if you can truly afford a car that costs 120K, you shouldn't be concerned about depreciation just like a guy who buys a V8 shouldn't be concerned with gas mileage. You can only pretend so long.

jmonroe
Gas mileage isn't going to add up the way depreciation can. It hurts to pay $120000, and then 4 years later want to trade into a similar car and have to pay $80000 difference....that is costing $20000 a year in depreciation. In this case leasing is probably a lot less.
Like I said, if you're concerned with depreciation, you're in a league you can't afford to be in.

jmonroe
Don't most people who know about cars.....consider depreciation to some degree? I consider it, it is one reason (not the main one) that I would consider going to a C Class car next time around. I got the E size mostly for the trip to Florida and back, and I like the safety a larger car offers - we may be alive because of the E400, or at least able to walk, but, I think I could be content with a C a 3 or an A4.

We got off the negative equity roller coaster when we bought the Outback. Rolled over $3000+ from the previous loan, and also added an extended warranty (wife's car, wife's decision).

We chose the Outback, partially, because of the retained value in Colorado. Four years into the loan, we are now positive to the tune of $5000. We plan to keep it a good long time - with only 31,000 miles in those four years, it has a lot of life left. Got a complement on it just the other day.

If I decide to buy the next time around, I will absolutely consider depreciation. Which is why Honda (if new) or Acura (if used) are at the top of my list.

stickguy · April 2019

I like that little Hyundai. other than the bulkier grill, the profile reminds me of the Volvo XC40. Another mini-ute that in person, seems a lot bigger (quite roomy inside).

stickguy · April 2019

almost positive our next car is going to be another purchase. going to be the wife's car, and that should be a long term keeper. So depreciation will be a factor, but not the main one. If I was worried about that, would lease and dump it. For keeping it 10 years, not that big a deal as long as buy it right!

I saw a video on the new outback today. I really liked it. Everything nice about the old model, with a whole lot of nice upgrades. Dash looked like a Volvo (heck the whole interior did!). The new platform and turbo are a plus too. Actually probably a lower, shorter Ascent. which is perfect to me. I bet the wife will really like it too.

oldfarmer50 · April 2019

driver100 said:

ab348 said:

oldfarmer50 said:

tjc78 said:

houdini2 said:
Mazda is finally bringing the CX5 diesel to U.S. Supposedly this Fall. It doesn't appear to get much better mpg than their gas version. Not much, if any, of the new tech they were touting.

Also Hyundai is touting smallest SUV for U.S. this year. The Venue. Looks to be a city car or grocery getter, but a cute little dude.
I'm calling it now... that CX-5 will flop. I like the idea of a diesel... but in the US they never seem to take off.

A smaller SUV than the Kona? Wow, that's going to be tiny.
The Kona is pretty small.
Hyundai just announced an even smaller CUV, called the Venue (dumb name), a bit more upright and traditional looking. Just what the world needs.

Odd, it is supposed to be small but doesn't look too small...at least it looks boxy and substantial.

Looks like it’s based on the Soul.

oldfarmer50 · April 2019

Michaell said:

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).
I'm of the belief that if you can truly afford a car that costs 120K, you shouldn't be concerned about depreciation just like a guy who buys a V8 shouldn't be concerned with gas mileage. You can only pretend so long.

jmonroe
Gas mileage isn't going to add up the way depreciation can. It hurts to pay $120000, and then 4 years later want to trade into a similar car and have to pay $80000 difference....that is costing $20000 a year in depreciation. In this case leasing is probably a lot less.
Like I said, if you're concerned with depreciation, you're in a league you can't afford to be in.

jmonroe
Don't most people who know about cars.....consider depreciation to some degree? I consider it, it is one reason (not the main one) that I would consider going to a C Class car next time around. I got the E size mostly for the trip to Florida and back, and I like the safety a larger car offers - we may be alive because of the E400, or at least able to walk, but, I think I could be content with a C a 3 or an A4.
We got off the negative equity roller coaster when we bought the Outback. Rolled over $3000+ from the previous loan, and also added an extended warranty (wife's car, wife's decision).

We chose the Outback, partially, because of the retained value in Colorado. Four years into the loan, we are now positive to the tune of $5000. We plan to keep it a good long time - with only 31,000 miles in those four years, it has a lot of life left. Got a complement on it just the other day.

If I decide to buy the next time around, I will absolutely consider depreciation. Which is why Honda (if new) or Acura (if used) are at the top of my list.

That’s the joy of buying fully deprecated old cars. I pay less than 10% of MSRP for my hoopties which have hopefully 1/3 to 1/2 of their life left. The guy with the R8 paid $80,000 for 30,000 miles. I pay $3,000 and get 50,000 miles.

stickguy · April 2019

OF, a good plan $ wise. If you are willing to drive a hooptie! Not that your Mustang qualifies.

I can guarantee that if I tell the wife we are going out to get her new car, and by the way, it is a well used hooptie, she will chase me around J Monroe's dining room table, with his wife's biggest fry pan.

suydam · April 2019

driver100 said:

ab348 said:

oldfarmer50 said:

tjc78 said:

houdini2 said:
Mazda is finally bringing the CX5 diesel to U.S. Supposedly this Fall. It doesn't appear to get much better mpg than their gas version. Not much, if any, of the new tech they were touting.

Also Hyundai is touting smallest SUV for U.S. this year. The Venue. Looks to be a city car or grocery getter, but a cute little dude.
I'm calling it now... that CX-5 will flop. I like the idea of a diesel... but in the US they never seem to take off.

A smaller SUV than the Kona? Wow, that's going to be tiny.
The Kona is pretty small.
Hyundai just announced an even smaller CUV, called the Venue (dumb name), a bit more upright and traditional looking. Just what the world needs.

Odd, it is supposed to be small but doesn't look too small...at least it looks boxy and substantial.

I like it’s looks. Reminds me of the Encore, which is a great size for us!

jmonroe1 · April 2019

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).
I'm of the belief that if you can truly afford a car that costs 120K, you shouldn't be concerned about depreciation just like a guy who buys a V8 shouldn't be concerned with gas mileage. You can only pretend so long.

jmonroe
Gas mileage isn't going to add up the way depreciation can. It hurts to pay $120000, and then 4 years later want to trade into a similar car and have to pay $80000 difference....that is costing $20000 a year in depreciation. In this case leasing is probably a lot less.
Like I said, if you're concerned with depreciation, you're in a league you can't afford to be in.

jmonroe
Don't most people who know about cars.....consider depreciation to some degree? I consider it, it is one reason (not the main one) that I would consider going to a C Class car next time around. I got the E size mostly for the trip to Florida and back, and I like the safety a larger car offers - we may be alive because of the E400, or at least able to walk, but, I think I could be content with a C a 3 or an A4.

Since I have a track record of keeping cars 6 or 7 years I don't give depreciation any thought at all. Now, if I only kept my cars 2 or 3 years, then yeah, I'd consider depreciation. Life is good in the slow lane and that is fine for me but I know it isn't for everybody. If everyone liked chocolate ice cream there wouldn't be any of it left when I went to the store.

jmonroe

oldfarmer50 · April 2019

stickguy said:
OF, a good plan $ wise. If you are willing to drive a hooptie! Not that your Mustang qualifies.

I can guarantee that if I tell the wife we are going out to get her new car, and by the way, it is a well used hooptie, she will chase me around J Monroe's dining room table, with his wife's biggest fry pan.

Tell her it’s a “classic” and you bought it just for her.

Not wanting to get chased around the table is why I buy cheap old stuff. They stay below my wife’s chasing threshold.

stickguy · April 2019

to be clear, if I want to spend chump change on an old car, she won't complain. as long as she never has to ride in it (and certainly not drive it). So her car needs to be something nice, and reliable. And now after having the Acura, she has become a bit of a "brand snob". If we can afford it!

our next shopping event is going to be a fun adventure. Especially since it will be the car that probably needs to take us into retirement (if, or course, we ever actually make it).

Michaell · April 2019

stickguy said:
to be clear, if I want to spend chump change on an old car, she won't complain. as long as she never has to ride in it (and certainly not drive it). So her car needs to be something nice, and reliable. And now after having the Acura, she has become a bit of a "brand snob". If we can afford it!

our next shopping event is going to be a fun adventure. Especially since it will be the car that probably needs to take us into retirement (if, or course, we ever actually make it).

I vascillate between more and less money - though, I don't trust myself with used cars all that much.

Lots of great choices, used, in the $20-30K price range. Of course, there are some pretty decent choices new at that price point, as well.

@breld asked me at the auto show, point blank, what I'd get with a $30K budget.

My response was either:

1. Nicest CPO TLX I could find
2. New Accord 2.0T Sport 6-speed

(this assumes I buy and hold for 7-10 years, which should also take me to retirement age)

If leasing, then the options open up considerably.

stickguy · April 2019

well, unless something goes wrong with it in the next 2.5 years, I already know that "my" next car is a well maintained 2013 RDX. Takes the pressure off. The wife, who knows.

and if I want to buy a snappy red 2019 TLX with probably really low miles, I know where I can find one for just about $20k flat. But that would mean buying 2 cars (minus what we could get for a 9 YO RDX).

I really don't plan to lease when the TLX is done, but never say never.

driver100 · April 2019

oldfarmer50 said:

driver100 said:

ab348 said:

oldfarmer50 said:

tjc78 said:

houdini2 said:
Mazda is finally bringing the CX5 diesel to U.S. Supposedly this Fall. It doesn't appear to get much better mpg than their gas version. Not much, if any, of the new tech they were touting.

Also Hyundai is touting smallest SUV for U.S. this year. The Venue. Looks to be a city car or grocery getter, but a cute little dude.
I'm calling it now... that CX-5 will flop. I like the idea of a diesel... but in the US they never seem to take off.

A smaller SUV than the Kona? Wow, that's going to be tiny.
The Kona is pretty small.
Hyundai just announced an even smaller CUV, called the Venue (dumb name), a bit more upright and traditional looking. Just what the world needs.

Odd, it is supposed to be small but doesn't look too small...at least it looks boxy and substantial.
Looks like it’s based on the Soul.

You're always ahead of your time O-F.

driver100 · April 2019

jmonroe1 said:

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).
I'm of the belief that if you can truly afford a car that costs 120K, you shouldn't be concerned about depreciation just like a guy who buys a V8 shouldn't be concerned with gas mileage. You can only pretend so long.

jmonroe
Gas mileage isn't going to add up the way depreciation can. It hurts to pay $120000, and then 4 years later want to trade into a similar car and have to pay $80000 difference....that is costing $20000 a year in depreciation. In this case leasing is probably a lot less.
Like I said, if you're concerned with depreciation, you're in a league you can't afford to be in.

jmonroe
Don't most people who know about cars.....consider depreciation to some degree? I consider it, it is one reason (not the main one) that I would consider going to a C Class car next time around. I got the E size mostly for the trip to Florida and back, and I like the safety a larger car offers - we may be alive because of the E400, or at least able to walk, but, I think I could be content with a C a 3 or an A4.
Since I have a track record of keeping cars 6 or 7 years I don't give depreciation any thought at all. Now, if I only kept my cars 2 or 3 years, then yeah, I'd consider depreciation. Life is good in the slow lane and that is fine for me but I know it isn't for everybody. If everyone liked chocolate ice cream there wouldn't be any of it left when I went to the store.

jmonroe

Just a wild theory....but, if you buy a Genesis you are buying the car because you are getting a car comparable to a Mercedes, BMW, Audi, for a lower price.....which is fine.
My concern would be what will it be worth as a trade-in? And, what if I don't want another Genesis and if I show up at the MB, Audi, BMW dealer and want to trade how much will I get for it?

Even after 6 or 7 years of driving I don't like to be told there is no demand for my trade-in, so it is not worth much. You could be stuck getting another Genesis...not too bad, but, I like having as many options as possible.

driver100 · April 2019

Subies seem to be the car of choice for retired people. Reliable, and AWD, no fuss no muss, gets you there and back with no hassle.

oldfarmer50 · April 2019

driver100 said:

oldfarmer50 said:

driver100 said:

ab348 said:

oldfarmer50 said:

tjc78 said:

houdini2 said:
Mazda is finally bringing the CX5 diesel to U.S. Supposedly this Fall. It doesn't appear to get much better mpg than their gas version. Not much, if any, of the new tech they were touting.

Also Hyundai is touting smallest SUV for U.S. this year. The Venue. Looks to be a city car or grocery getter, but a cute little dude.
I'm calling it now... that CX-5 will flop. I like the idea of a diesel... but in the US they never seem to take off.

A smaller SUV than the Kona? Wow, that's going to be tiny.
The Kona is pretty small.
Hyundai just announced an even smaller CUV, called the Venue (dumb name), a bit more upright and traditional looking. Just what the world needs.

Odd, it is supposed to be small but doesn't look too small...at least it looks boxy and substantial.
Looks like it’s based on the Soul.
You're always ahead of your time O-F.

Not trying to be cute but the front end of the Venue looks like the front of the Soul.

oldfarmer50 · April 2019

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).
I'm of the belief that if you can truly afford a car that costs 120K, you shouldn't be concerned about depreciation just like a guy who buys a V8 shouldn't be concerned with gas mileage. You can only pretend so long.

jmonroe
Gas mileage isn't going to add up the way depreciation can. It hurts to pay $120000, and then 4 years later want to trade into a similar car and have to pay $80000 difference....that is costing $20000 a year in depreciation. In this case leasing is probably a lot less.
Like I said, if you're concerned with depreciation, you're in a league you can't afford to be in.

jmonroe
Don't most people who know about cars.....consider depreciation to some degree? I consider it, it is one reason (not the main one) that I would consider going to a C Class car next time around. I got the E size mostly for the trip to Florida and back, and I like the safety a larger car offers - we may be alive because of the E400, or at least able to walk, but, I think I could be content with a C a 3 or an A4.
Since I have a track record of keeping cars 6 or 7 years I don't give depreciation any thought at all. Now, if I only kept my cars 2 or 3 years, then yeah, I'd consider depreciation. Life is good in the slow lane and that is fine for me but I know it isn't for everybody. If everyone liked chocolate ice cream there wouldn't be any of it left when I went to the store.

jmonroe

Just a wild theory....but, if you buy a Genesis you are buying the car because you are getting a car comparable to a Mercedes, BMW, Audi, for a lower price.....which is fine.
My concern would be what will it be worth as a trade-in? And, what if I don't want another Genesis and if I show up at the MB, Audi, BMW dealer and want to trade how much will I get for it?

Even after 6 or 7 years of driving I don't like to be told there is no demand for my trade-in, so it is not worth much. You could be stuck getting another Genesis...not too bad, but, I like having as many options as possible.

If resale is your main concern just buy a Honda or Toyota.

dino001 · April 2019

driver100 said:

Just a wild theory....but, if you buy a Genesis you are buying the car because you are getting a car comparable to a Mercedes, BMW, Audi, for a lower price.....which is fine.
My concern would be what will it be worth as a trade-in? And, what if I don't want another Genesis and if I show up at the MB, Audi, BMW dealer and want to trade how much will I get for it?

Even after 6 or 7 years of driving I don't like to be told there is no demand for my trade-in, so it is not worth much. You could be stuck getting another Genesis...not too bad, but, I like having as many options as possible.

Seems like you're a perfect car customer - focus on one thing, not a big picture, makes an easier sale

I think you're stretching it a little just to make yourself feel financially justified, which you don't need to, it's your choice to make after all, one way or another. It's OK to "overspend", as long it's your money and nobody is hurt...

Back to the actual numbers - when you start at 20-30 grand difference, the cheaper car could go literally worthless and it will still cost less overall, especially if you add maintenance and repair costs at that age. So, if it does have "same" features, performance, or whatever else tangibles ("prestige", "improved selfworth" don't count

), you throw into the decision matrix (but does it?), then it certainly is a financially sound decision. But again, it's OK to choose something else, just be honest to yourself, why.

oldfarmer50 · April 2019

Now this is the ultimate hooptie.

https://youtu.be/mmRtzqgn2d8

dino001 · April 2019

My thoughts on depreciation are - it is a factor if two cars are otherwise equal to me. It's something like number 10 on my list of important items, I almost never get to that, the decision is usually made at number 3 to 5. I don't buy my car to please the next owner, I buy it to please myself and satisfy my own needs. If depreciation is a real financial worry, then would be an indicator that I can't afford this product. Since I never leased (never even came close to considering leasing), my mindset is - I bought it, the money is gone. I'll worry about the "salvage" recovery, when it's time to change the car. I'm sure if I ever lease, the mindset will likely change. Then two seemingly same vehicles at same price can have vastly different cost of the "rental".

houdini2 · April 2019

stickguy said:
I like that little Hyundai. other than the bulkier grill, the profile reminds me of the Volvo XC40. Another mini-ute that in person, seems a lot bigger (quite roomy inside).

You also have a choice between a cvt or a manual transmission.

jmonroe1 · April 2019

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).
I'm of the belief that if you can truly afford a car that costs 120K, you shouldn't be concerned about depreciation just like a guy who buys a V8 shouldn't be concerned with gas mileage. You can only pretend so long.

jmonroe
Gas mileage isn't going to add up the way depreciation can. It hurts to pay $120000, and then 4 years later want to trade into a similar car and have to pay $80000 difference....that is costing $20000 a year in depreciation. In this case leasing is probably a lot less.
Like I said, if you're concerned with depreciation, you're in a league you can't afford to be in.

jmonroe
Don't most people who know about cars.....consider depreciation to some degree? I consider it, it is one reason (not the main one) that I would consider going to a C Class car next time around. I got the E size mostly for the trip to Florida and back, and I like the safety a larger car offers - we may be alive because of the E400, or at least able to walk, but, I think I could be content with a C a 3 or an A4.
Since I have a track record of keeping cars 6 or 7 years I don't give depreciation any thought at all. Now, if I only kept my cars 2 or 3 years, then yeah, I'd consider depreciation. Life is good in the slow lane and that is fine for me but I know it isn't for everybody. If everyone liked chocolate ice cream there wouldn't be any of it left when I went to the store.

jmonroe

Just a wild theory....but, if you buy a Genesis you are buying the car because you are getting a car comparable to a Mercedes, BMW, Audi, for a lower price.....which is fine.
My concern would be what will it be worth as a trade-in? And, what if I don't want another Genesis and if I show up at the MB, Audi, BMW dealer and want to trade how much will I get for it?

Even after 6 or 7 years of driving I don't like to be told there is no demand for my trade-in, so it is not worth much. You could be stuck getting another Genesis...not too bad, but, I like having as many options as possible.

I bought my Genny because it had features that I wanted and it was priced at a point where I wasn't willing to pay more for those features. If I valued those features more and I couldn't live without them and the Genny didn't have them, then I'd have to get them in another car. I'm at the point in my life if I want something bad enough, come hell or high water, I'm going to get it.

I'm not even close to thinking about replacing my '15 Genny. After what it took to get Mrs. j to let go of her beloved '12 Subie, I'm still thanking the car gods that I was able to pull that off.

As for being "stuck" having to get another Genny because no other car dealer wants it, again, I'm at the point in my life where it's going to be a cold day in Hawaii for that to happen.

jmonroe

stickguy · April 2019

I bought some Hyundai’s. Because I overall liked them better, plus they were a good value. But not because I really wanted something else, but the Hyundai was cheaper.

sda · April 2019

If I knew the car I liked depreciated quickly I would typically buy it used and offset some of that loss. Cars that have a low rate of depreciation I buy new, Honda for example. When I bought the Accord it was marginally more expensive than a one or two year old used Accord. However, in the past few years with the quickened pace of technical adds to new vehicles, that makes a lot of one or two year olds seem outdated way before they were in the past.

tjc78 · April 2019

Most of you know I have a strange obsession with the Panther cars, especially the box years.

If I was hoarding cars... I'd have a truckster replica. Just too cool and from an iconic movie!

On the Panther forums there have been several guys that did tribute cars, but, I've never seen one quite that nice.

driver100 · April 2019

oldfarmer50 said:

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

driver100 said:

jmonroe1 said:

Michaell said:

ruking1 said:

driver100 said:
*My friend has a 2015 Audi RS 8....says it cost $120k when he bought it.
*He was looking at new ones and the dealer says they would give him $45000 as a trade in.
*He is disappointed his car has low mileage, only uses it half the year, and it is worth so little.
*Salesman says it is out of warranty and a repair could easily be $6000.
*Salesman said not too many people are buying expensive cars....they lease them because the value is falling and people are uncertain whether electric is going to take over, they don't want to be stuck with a gas burner if out of favor.
*We decided, for people like us, we should get either a used big luxury car.......maybe executive driven so the big depreciation hit will be in our favor, and since we do few miles we can benefit from a lower price,
OR
Since we only use the car for half a year we should downsize to an A4 or C Class (or 3 Series) where the car won't sit in a garage and depreciate a huge amount every year.
*I wonder if todays cars will make good used cars...because a lot of the electronics and stuff make them complicated and expensive to fix.
Not enough information, what are the actual miles, etc? . You already said the loss is -minus $75,000, or - minus 16% per year.
If only driven 6 months a year, I'll guess the annual mileage is 5-8K per. In 4 years, that would be 20,000 to 32,000 miles. That's a big drop for so few miles, but I agree with the dealer that there aren't a lot of folks lining up to buy a 4 year old Audi for $45K (or more).
I'm of the belief that if you can truly afford a car that costs 120K, you shouldn't be concerned about depreciation just like a guy who buys a V8 shouldn't be concerned with gas mileage. You can only pretend so long.

jmonroe
Gas mileage isn't going to add up the way depreciation can. It hurts to pay $120000, and then 4 years later want to trade into a similar car and have to pay $80000 difference....that is costing $20000 a year in depreciation. In this case leasing is probably a lot less.
Like I said, if you're concerned with depreciation, you're in a league you can't afford to be in.

jmonroe
Don't most people who know about cars.....consider depreciation to some degree? I consider it, it is one reason (not the main one) that I would consider going to a C Class car next time around. I got the E size mostly for the trip to Florida and back, and I like the safety a larger car offers - we may be alive because of the E400, or at least able to walk, but, I think I could be content with a C a 3 or an A4.
Since I have a track record of keeping cars 6 or 7 years I don't give depreciation any thought at all. Now, if I only kept my cars 2 or 3 years, then yeah, I'd consider depreciation. Life is good in the slow lane and that is fine for me but I know it isn't for everybody. If everyone liked chocolate ice cream there wouldn't be any of it left when I went to the store.

jmonroe

Just a wild theory....but, if you buy a Genesis you are buying the car because you are getting a car comparable to a Mercedes, BMW, Audi, for a lower price.....which is fine.
My concern would be what will it be worth as a trade-in? And, what if I don't want another Genesis and if I show up at the MB, Audi, BMW dealer and want to trade how much will I get for it?

Even after 6 or 7 years of driving I don't like to be told there is no demand for my trade-in, so it is not worth much. You could be stuck getting another Genesis...not too bad, but, I like having as many options as possible.
If resale is your main concern just buy a Honda or Toyota.

Enjoying driving the car is my main concern......but, I consider resale value too. I don't like trying to trade in a car nobody wants. Imagine trying to buy a 2005 BMW and you brought your 2000 Aztek as your trade.

btw....there is a similarity OF in the Venue and Soul....small lights over the larger lights - squarish grill.

ab348 · April 2019

tjc78 said:

On the Panther forums there have been several guys that did tribute cars, but, I've never seen one quite that nice.

“Nice” being used here in its broadest sense. 😉

For the 6-figure selling price it better be REALLY nice and buy me dinner too. 😀

tjc78 · April 2019

It's finished to an extremely high standard. Did you see that paint? The "wood" on a factory Country Squire isn't nearly that nice.

Over the top example, for sure.

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