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Comments
I like the pitino thing
I'm a Pitino AND a Louisville fan. Used to sorta hang out with Samaki to some degree when I lived there...
See ya in the Final 4 in 02!
Bill
C'mon... lol...
And I bet they could be warrantied...
Bill
Those acessories would be much better off unbolted and sold on eBay.
Like I've said before when people mention custom wheels, stereos..etc...
Your car is worth $X stock. With those mods it is still worth $X.
Retail is a bit different... but you wont recoup the investment easily I'm afraid..
Bill
Both prices seem strong, if that's a 1994 530i for $13K that seems REAL cheap...
But, get the one you LIKE!
Bill
I like to put it this way:
Say you can get a new Mountaineer like yours for $24K.
Say the dealer has a 7200 mile 2000 on the lot. CLean...etc... but a year older and with miles on it. Where would it have to be priced to be worthwhile to buy?
About $21,000 or so in my experience.
So, where does that put the wholesale value of it? Right around $17,500-18,500 or so...
Again, we base our values on what they're doing at the auction. In my opinion, it's simply the most accurate way to evaluate a vehicle. It tells me what the vehicle is actually selling for on a wholesale level. I used to buy current-model-year Jaguars using the above method. I'd ignore the "books" and figure out where the car would need to be retailed at, versus a new one and then back into a wholesale value...
I know it's not what you were hoping for I'm afraid... And I dont like the incentives that they put on the new cars in this manner. It's simply slaughtering the resale values of these vehicles..
I'd rather see em do stuff like 4 years of free maintinence, 5yr/60K warranty and 0.9 financing instead of $6K in incentives... It would stimulate sales AND improve residuals..
Instead they throw cash at the trucks... Stupid.
Bill
To be specific, shouldn't a person buy only the options that are on the vehicles that are leased, used as rentals, etc.?
As a more specific example: A 1999 GC SE that was used as a rental would have had bench middle seating, AM/FM/ Cassette Stereo, Front Air, etc. MSRP $23,455.
My well equipped 99 GC SE with Dual Zone Temp, Rear A/C-Heater, Infinity 200 Amp 10 speaker w/CD Stereo, Quad Seats w/ 1 built in child safety seat, Cast Aluminum Wheels, Rack, MSRP $27,490.
When I did not like the vehicle for the first 8 months, I checked with several dealers to trade it off and was told they could pay no more than at auction. When fact of low miles, clean, one owner, extra options, etc were mentioned...all stated "Why should I pay more for yours than I can get one at auction. Customers do not care about low miles and extra options".
Would it be realistic to say that the policy of Honda and Toyota (offer very few options and no discounts, incentives, etc.) is really
much more beneficial to the original buyer?
And, doesn't a dealer need as much difference between wholesale and retail on a used vehicle as a new one to be able to pay overhead, salespersons, etc. and still remain in business? As such, it seems that new vs used is a moot point. Every dealer needs a fair profit.
http://www.koalamotorsport.com/tech/v8shortblock.htm
If I went out and bought say a '93 Vette today, and drove it for 5 more years till it is a 13 year old car, would I really lose much or does the value kind of plateau on these cars?
http://www.qwalls.f2s.com/explorer/97explorerxlt.html
This is kinda' based on all sort's of things.....condition, the time of the year ...miles etc.... --- but as a rule....they do pretty darn good ...
Corvette's up north - are usually low mileage - clean, and driven in the summer month's only vehicles -- and on the retail side, they seem to get all the money...and people seem to be willing to pay it....
Down south ( Fl ) ....they are driven 24/7 - 365...and the miles ( as a rule ) seem to be much higher....and they go for a lot less --- It's funny that you bring this topic up.....because, I have a dealer friend in Ohio , that left last tuesday to be at the Sarasota auction to buy Vette's ...and I guess he bought a few, for his store for a lot less money than he could do up north.....he had just paid, $9,500 for a 1989 - 2 weeks before... and was happy to do so ...
But to answer your question -- clean Vette's do hold their values...especially in the year's you are thinking of...
Terry.
I'm sure, Bill will agree ..-- that a clean -- loaded up vehicle, is worth lot more than any - base types
In your case especially.....I have taken in hundred's of van's --- I "need" to have the -- dual air -- upgraded sound system's, wheels, Quad seat's..etc..... Because that's what people are looking for... --- They walk on the lot ...see a full size base .. no rear air etc...and guess what-- There leaving...and going down the street --- can I go to the auction's, and buy a loaded up van .. Yes..am I willing to pay more for them .....absolutly....So why wouldn't I just take the great trade and save the time and money...So I think you might of run into a, Order taker -- not a Salesperson......
Sorry.......
Terry.
Rich
Look familiar? :-)
So I'm still not sure. but it would be great to buy a car and make payments for 5 years or so and end up not losing a whole lot! But I'm seduced by Camaro's style and spunk-for-the-buck.
I think the wheels and rear air help it. And the stereo is sorta nice but not worth much.. But the thing is, a loaded up van is more marketable, and worth more like Terry says.
It's the highly expensive, high-tech options that dont mean squat as a rule when you go to resell or trade your car. Navigation, voice-activation systems, phones, etc...
$0 residual value. Many Banks and Leasing companies and Captive Fiance companies now are using lower residuals for NAVI cars.
As far as how Toyota and Honda do it, (Particularly Honda) it is easier... but domestic buyers have been weaned on lots of options...
Bill
However the key is o not mile them to all hell and make sure it's a nice car in a good color.
Nobody will ever want a bronze one, for example.
Bill
OK. then Black aint bad and 4WD is worth something (TO put it simply, this aint a great truck to have in FL)
Hmm... Do I wanna be the bad guy or do I want to let Terry do it...
Well, I'm further South than Terry right now so I'm safer... you will end up keeping it I think..
It's worth, right now, $11,500-12,500 on trade-in. Remember where the Mountaineer was at? Well, that's tumbling the earlier years back too I'm afraid..
Bill
$1,000-1,500 trade probably...
$3K or so retail methinks...
Bill
Car's worth $15K, if that, wholesale...
PS.. may be ferrying the C97 back via your neck of the woods... if I do, you will have to come see us at refuelling...
Bill
Thanks for being the bad guy. I appreciate your honesty, even if it isn't what I wanted to hear. It's worse than I thought. I expected you to say $13k. I remember the Mountaineer. That post is what got me really worried. I think you're right. I'll be keeping it unless I stumble across the right buyer. I don't know how you find the time, but you really are providing a great service. Thanks. I just need to find someone to purchase my next car from an auction for me! :-)
C'mon, give!
That being said, run the thing for anopther 100K till the wheels fall off!
Bill
The big thing with selling cars on eBay is the high bidder deciding to be a jerk and not follow-through.
And Fedtrust is just a used car dealer down in Pompano Beach, FL with a very slick marketing campaign...
Bill
The trick is making sure that the old Stratocruiser can make it to Florida from Wyoming.
That and Boeing themselves is looking for one.. methinks me needs to beat em to the punch..
Bill
(Roughly 20-30 still survive worldwide, aside from the ones that H&P has.. 1 other is airworthy)
In fact, they are still making money off of a couple of em! They're usued as Firebombers in Alaska and as freighters.
The Last B377 Stratocruiser that was intact and "stock" was scrapped in Pima, AZ in about 1992 or so
Bill
Boeing is working a deal on their own Stratocruiser right now... Funny this should come up.
I was over (I live in Orlando usually) at the Warbird museum in Kissimmee today, as I got back from Miami last night..
They're restoring a B17 there that Boeing is funding. Apparently they want a copy of every plane they ever made for their museum. They have a B17 already but want a Stratocruiser. And someone out there has a Stratocruiser (C97) and wants a B17. So apprently they are restoring this B17 as trade bait. Hell, a restored B17 is worth $2,000,000+ (But cheaper than a Lear Jet and I'd rather have a B17, plus you can bomb your competition if need be hahahahahahaha) and I wont even touch half of that to get the Strat back in the air as a passenger plane, and thats redoing the interior and painting it.
The real expense with an old Bomber is what it costs to fly it. Roughly, at cruise, a Stratocruiser uses 20 times the fuel that a AT-6/Texan uses...
Bill
I just wanted to thank the three of you for taking the time to explain the in depth details of what goes into evaluating a trade in. I just wish that the salesman in our area were as knowledgeable as you three. I am going to try to sell the truck privately and see what happens. What do you feel would be a fair asking price? I am hoping to get around 23500.
Thanks again
Joe
Edmunds retail on the car mentioned above is $15,500. The dealer is asking $18,995. That's quite a big difference. Even the usually outrageous Kelly is at $16,200. But, while surfing on the net for other comparable cars, the prices range anywhere from $16K to the low 20s on this car. What's the deal, guys? Can you give me an idea of what this really should be worth?
thanks, as always,
Qbrozen
I know, I know, its about time that you'll be telling me to pick a car already. I'll get there sooner or later. I'm still thinking I should wait about 6 months to get a little more out from under my 626.
'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 cousin will be selling his A4 (exactly the same - 2.8, non-quattro, stick, fewer miles) and he will probably let it go for ~$13K.
I'm in Jersey, by the way.
Come to think of it, it might be Quattro, but that doesn't make a big difference in price. Not to mention that the bumpers are pretty scratched up.
'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
It's an amazing place and alot different than the EAA shop. When I was there a couple guys were "hotlapping the airfield" in P-51's. Very cool and the ultimate big-boy toy. Who wants a yacht or a G4 when you can have a restored P-51. Only thing better is your own MiG-21.
LT - 4x4 ..3/4 ton --- and it need's --0 -- if this vehicle is super clean .... has all the toy's ..,cd, dual air, etc.....you are going to be in that $12,500 ish range......
I hope this help's ...
Terry.
I hear most of those aircraft graveyards are pretty depressing places
I'll get out there... not luck on used Stratocruiser stuff yet tho..
Bill
My new Passat wagon is still on order and otw sometime in the next week or two so I need to decide on that pretty quick. I'm pretty sure they could sell it easily, the only one that came in was sold immmediatly. Like I said I do love the car but am not sure about how it will hold up and how dealer service will be. It's more fun to drive but doesn't have that vault like feeling of the MB. I'll probably take it but I want to look at alternatives.
So now I'm thinking forget the wagon and see if I can look for a 94-95 E420 sedan with low milage and in excellent shape. Can you guys tell me what you've seen at auctions? How often they come up with low milage (50k range) and what they sell for?
Thanks as always
Anything over $21K you oughta take and run with IMHO...
Bill
NO!
$12-13K car... on a GREAT day...
Pass!
Besides, rough shape? No Quattro in the northeast? Ugh!
Bill
A mere $2,000,000 will see it fly again.. oh well.. if I had the money...
But the B17 is coming along nicely...
Bill
Is it a 4cyl or 6cyl? An where in the country are you? Soft-Top or Hard top?
And I say get your son something safer... Like a used Volvo.
Bill
I can get you one at the sale.. call me... But see if Terry cant grab ya a 4WD up north. Theyre rare here....
Bill
Hope this helps!
Bill
Figure a wagon is worth $1,500 or so more than an E320 sedan, and a E420 is worth about $500 or so more than a wagon if that helps...
But nice ones are scarce...
Bill