14th Dec 2006, 22:02
Ummmm, that is cause you owned a Chevy Impala Super Sport and now you wonder why it is worth more than your Civic Coupe... Compare apples to apples. 98 Accord = 04 Malibu. I have shopped around at Honda's and Toyota's and it was not uncommon to find one with 200,000-275,000 miles in my market. (Minnesota where we have piles of salt all over) You might not keep it over 150,000 miles, but someone is bound to buy it after you and drive it safely and easily another 100,000-150,000 miles. I bought my Honda with 200,000 miles and at 245,000 miles I have had no trouble at all except normal maintenance you would do to a car at around 60,000 miles.
14th Dec 2006, 22:39
Guess what? The "myth" is true. And there is no way in hell that if you actually owned imports that they brought a lower resale than your domestic cars. That isn't how things work in reality.
15th Dec 2006, 06:36
Add Timing Belts, modules and a multitude of other parts, rust repair, repaint etc on high mileage dubious beater vehicles... and see why people sell...I'll take a nice new SS any day of the week. I drive to Florida and want something unquestably reliable
15th Dec 2006, 14:53
Imports almost always bring a lower percentage of their new purchase price than domestics do. Import buyers are mathematically challenged in figuring resale values. It isn't the LIST that determines percentage of return when you sell a car, it's ACTUAL PURCHASE PRICE. One of our Japanese imports lost 50% of its purchaser price in ONE YEAR, while one of our domestics (a Dodge truck) returned over 80% of its bought new purchase price after 5 years. I looked up the private party resale value on my 1-year-old Ford truck and it is worth $1080 MORE today than I paid for it. I also looked up the Totota Prerunner I negotiated a (much too high) price on before buying my Ford, and if I'd bought it, it is worth over $600 LESS now than the asking price. If I'd bought it I'd be over $1600 WORSE OFF than with the Ford, so just how is that "better resale value"?
15th Dec 2006, 15:01
I had a Chevrolet Caprice with the LT1. Not quite as beautiful as the Super Sport, but she was dam fast. I would have to say though that it cost a lot to keep her running. It was in the dealer a lot its first 5 years having trouble with build quality issues and paint. At 125,000 when she was 11 years old, we had to get rid of her; she has a terrible engine knock, and rust was coming from all over the place--especially behind the rear wheels. If we take into fact all the parts that did not work right and all the money spent on gas and repairs and maintenance, you would find that it was a nightmare. We got 3000 on trade in and those filthy men at the Honda dealer some how sold it in poor condition for 6500 dollars advertising it as a Impala Super Sport. SOME KIND OF WAY TO SELL A CAR! Someone else now has all our problems, and now we have a new Accord. We needed a small car for my sister-- heads up: please do not insult me for trying to save a few thousand dollars and trying to protect my sister by trading the LT1 for an I-4.
16th Dec 2006, 03:36
Wow a 125,000 mile Chevrolet Caprice that was running badly and 11 years old yet still brought $6500. With financing likely... the ultimate buyer paid likely even more in the end. I am so glad I bought some new GM's. I would have also have made efforts to at least sell privately on this one.
16th Dec 2006, 13:33
It's no secret that people grossly exaggerate the resale values of imports. The private party resale value of a 2006 Toyota Prerunner SR-5 IS $600 LESS than the negotiated price of the one I looked at in January 2006. The Ranger I actually bought is worth $1080 MORE than I actually paid for it, according to Kelly Bluebook. If you want to argue with them, go ahead, but you should check your facts before calling people liars. As for Mustangs, I just saw a 1969 Mustang (NOT a Shelby, I might add) bring $75,000 at an antique auto auction. Considering it cost less than $5000 new, I'd say that's pretty good resale value.
As for my Dodge truck, it was purchased new in October of 2000 for $10,899. It was sold in January of 2006 for $8800. Do the math. That is 80.74% of its purchase price (excluding tax, title and license). It was absolutely mint and had 50,000 miles. There is no shortage of Dodge dealers here, and the Dakota is very popular. I just didn't care for the styling of the new ones or I would have bought another one. Everyone I know who has ever owned a Dodge truck says they have the highest resale value of any truck made. That's why I bought one to begin with. In my case it was certainly true.
16th Dec 2006, 20:54
And I will take your Dodge comment one further. I am fortunate to be able to drive my sons Dodge Viper. What a vehicle! 60 mph and you have 5 gears left to go. Outstanding performance power and braking. He grew up around my GM's... Camaro SS, Impala SS and a couple Vettes. I drive a new GM SUV and a SS pick up today, but I have tremendous respect for his. I also respect the modified twin turbo Supra on the dyno board actually ahead of his Viper. But it only has more hp. Dodges new SUV by the way is very cool looking I may check one out down the road...
17th Dec 2006, 00:13
Any Toyota, Honda, Hyundai, Nissan, or Mitsubishi will almost always bring a better resale than any Big 3 vehicle. It's because they have more life left in them at any mileage, and people know this; which is why anyone with at least half a brain would feel more comfortable buying a Honda with 100,000 miles on it than a Ford or Chevy.
17th Dec 2006, 10:36
I am not sure Mitsubishi has shown it can hold all of its value yet. With the uncertainty of bankruptcy and hidden recalls, I am not sure they have bounced up with the likes of Honda or Toyota. I do not know what to say about Hyundai. Have they in 3 years bounced up in resale value like a Toyota or Honda? I do not think it is likely, but hey, maybe it's true.
17th Dec 2006, 13:28
Its always resale on here... where are the true driving enthusiasts? Do they exist? I drove new Toyota cars and trucks and fail to find why you like to drive them. Imagine driving for 3 years being unhappy and trading for another and driving around unhappy with how they drive again... I could ride the bus equally about as boring for $3.00 a day save wear and tear, vehicle insurance and have more money. To me quality is in the driving, handling and performance. If it costs me another grand a year so what... its just cheapening a life experience settling for something that doesn't drive as nice. I am not into the hype... I have to get behind the wheel and have driving proof of my own. I hope others realize this is the only best way as well.