which $50k car has the WORST 3 yr resale value?
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Lincoln Town Car... the practically pay you to take them off the lot. I don't really understand it, their pretty good cars... Lots of space, decent power from an uncomplicated V8 that'll run forever. You can pick up a loaded '05 with moderate mileage for under 20k... 60% depreciation in 3 years.
Given it's got a serious case of the oldies, but at 20k its a damn steal if you want a full sized luxo barge.
Given it's got a serious case of the oldies, but at 20k its a damn steal if you want a full sized luxo barge.
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From: Palo Alto
Are you basing on MSRP or out the door price. A Civic Si has really bad resale if you paid the dealer markups. I know one idiot who paid $26k for an Si.
The Town Car may not be that bad IF you get lots of cash off the MSRP price. What can really mess up resale is if the car went for sticker the first year then well under sticker the next. The later buyers may actually get good resale but the first year buyers will not. That can actually skew the calculations as well.
Take the Solstice for example. Lets assume they sticker for $25k. The first year buyers might have paid $27k for the car. The third year buyers might get the car for $24k. Let's assume a used Solstice is $15k. Well the percent lost on would depend on if I bought a first year or later year car. Even worse, the reported resale may be calculated off the $25k price. Well that under reports the first year losses and over reports the later year's losses.
The Town Car may not be that bad IF you get lots of cash off the MSRP price. What can really mess up resale is if the car went for sticker the first year then well under sticker the next. The later buyers may actually get good resale but the first year buyers will not. That can actually skew the calculations as well.
Take the Solstice for example. Lets assume they sticker for $25k. The first year buyers might have paid $27k for the car. The third year buyers might get the car for $24k. Let's assume a used Solstice is $15k. Well the percent lost on would depend on if I bought a first year or later year car. Even worse, the reported resale may be calculated off the $25k price. Well that under reports the first year losses and over reports the later year's losses.
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From: Dallas
The actual purchase price is really critical when determining what the true depreciation is. That is why it appears that a lot of American cars have horrible depreciation, but if you got a good deal on the front end, then the actual depreciation % really isn't that bad.
Take for example my buddy who bought an '05 C6 right when they came out. He was able to get supplier from a local dealer and picked up a stripper C6 with only the Z51 option for around $40k. He now had 25k miles on it and it's over 3 years old. He's trading it back in to the dealership to order an '08 C6 and they are paying him $33k. Do the math. That's a pretty damn good deal.
I got $7k off my '08, so I'll be able to drive it for 5+ years and still get around 50% of what I paid at that time. It happened with my C5. I drove it 41k miles, had it 4.5 years and sold it for $26k when I paid $43k for it new.
Another personal example. '04 Silverado. Got nearly $9k off sticker with a combination of rebate, discount, and GM card. So, I paid $23k fora nice loaded 2WD extended cab truck. I drove it 30k miles and traded it in for $20k to get my S2000. How's that for depreciation?
Take for example my buddy who bought an '05 C6 right when they came out. He was able to get supplier from a local dealer and picked up a stripper C6 with only the Z51 option for around $40k. He now had 25k miles on it and it's over 3 years old. He's trading it back in to the dealership to order an '08 C6 and they are paying him $33k. Do the math. That's a pretty damn good deal.
I got $7k off my '08, so I'll be able to drive it for 5+ years and still get around 50% of what I paid at that time. It happened with my C5. I drove it 41k miles, had it 4.5 years and sold it for $26k when I paid $43k for it new.
Another personal example. '04 Silverado. Got nearly $9k off sticker with a combination of rebate, discount, and GM card. So, I paid $23k fora nice loaded 2WD extended cab truck. I drove it 30k miles and traded it in for $20k to get my S2000. How's that for depreciation?
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From: franklin
Originally Posted by QUIKAG,Feb 16 2008, 07:49 PM
The actual purchase price is really critical when determining what the true depreciation is. That is why it appears that a lot of American cars have horrible depreciation, but if you got a good deal on the front end, then the actual depreciation % really isn't that bad.
Take for example my buddy who bought an '05 C6 right when they came out. He was able to get supplier from a local dealer and picked up a stripper C6 with only the Z51 option for around $40k. He now had 25k miles on it and it's over 3 years old. He's trading it back in to the dealership to order an '08 C6 and they are paying him $33k. Do the math. That's a pretty damn good deal.
I got $7k off my '08, so I'll be able to drive it for 5+ years and still get around 50% of what I paid at that time. It happened with my C5. I drove it 41k miles, had it 4.5 years and sold it for $26k when I paid $43k for it new.
Another personal example. '04 Silverado. Got nearly $9k off sticker with a combination of rebate, discount, and GM card. So, I paid $23k fora nice loaded 2WD extended cab truck. I drove it 30k miles and traded it in for $20k to get my S2000. How's that for depreciation?
Take for example my buddy who bought an '05 C6 right when they came out. He was able to get supplier from a local dealer and picked up a stripper C6 with only the Z51 option for around $40k. He now had 25k miles on it and it's over 3 years old. He's trading it back in to the dealership to order an '08 C6 and they are paying him $33k. Do the math. That's a pretty damn good deal.
I got $7k off my '08, so I'll be able to drive it for 5+ years and still get around 50% of what I paid at that time. It happened with my C5. I drove it 41k miles, had it 4.5 years and sold it for $26k when I paid $43k for it new.
Another personal example. '04 Silverado. Got nearly $9k off sticker with a combination of rebate, discount, and GM card. So, I paid $23k fora nice loaded 2WD extended cab truck. I drove it 30k miles and traded it in for $20k to get my S2000. How's that for depreciation?
