Last post on Mar 23, 2008 at 7:43 AM
You are in the Honda Odyssey
What is this discussion about?
Dodge Caravan, Honda Odyssey, Chrysler Town and Country, Chrysler Voyager, Plymouth Voyager, Van
#5862 of 7485 Re: Let's get real, [marine2]
Jan 01, 2006 (2:03 pm)
Maybe you should see what's wrong with it. There are none selling close to that around here and maybe you should go to Edmunds used cars and look up what a used 2005 Dodge GC is worth with 15,000 miles on it.
This brings up several issues.
1) I do not remotely believe most of the used car book values, whatever the source (Sorry Edmunds). Quite often they make me laugh. For example, I just purchased a new 2006 Odyssey EX-L at MSRP. While I was in this process, I priced a used 2005 Odyssey EX-L with 15,000 miles through various "book sources" and most listed about $1000-$2000 more than the brand new 2006 MSRP!
2) It is very difficult to determine what a new domestic vehicle is worth. If you go the the "Prices Paid" section of the Dodge Grand Caravan thread of Edmunds you will see this. Assume that a vehicle has an MSRP of $28K. Someone may have paid $28k and someone else may have paid $18K and anything in between. If you paid $18K, $5K depreciation over one year is not too bad. If you paid $28k, you would be steaming at 53% depreciation.
3) These vehicles are at a Chrysler dealer and state special purchase from Chrysler under factory warranty, so who knows what the original sales terms were? Lease, demo, rental?
4) This same dealer also has non Stow and go 2005 Grand Caravans for $11,990, 2005 Durango SLT 4x4's, leather, fully loaded for $17,990, and 2005 Jeep Grand Cherokees loaded for $15995, all purchased from Chrysler under warranty.
#5863 of 7485 Re: Let's get real, [marine2]
Jan 01, 2006 (3:11 pm)
Maybe you should see what's wrong with it. There are none selling close to that around here and maybe you should go to Edmonds used cars and look up what a used 2005 Dodge GC is worth with 15,000 miles on it.
Ok I did a search in zip code 85001(25 mi radius)(Phoenix) in the leading online used car classified.
2005 Dodge GRAND CARAVAN not SWB.
Average price 17,316
Lot of SE's about 10 less than 14K with less than 15K miles and these are from dealers!Lowest priced SXT is less than 17K of course these are asking prices!
2005 Honda Odyssey
Average price 29,131.00
So I was like thats allot of vehicles.
Then I went country wide and guess what between the Dodge grand caravan and the Caravan there are 10K used listing for 2005's in the country.
For the Honda Odyssey there are 227 total! man I thought these things were so bad people were leaving them by the side of the road.
The sales for the caravan(SWB + LWB)207K and the Odyssey are 158K for 2005 YTD November. But look how flooded the used market already is!!
#5864 of 7485 Re: Odyssey [morganv]
Jan 01, 2006 (3:44 pm)
oh! we've been educated on this resale scam thing. we have a close friend that owns a used car business and weve done the math before on other cars and trucks.
Hey I found a SXT with 27K miles on it at Hampton Dodge in Elmira they are asking less than 17K for it(ok it is Gold LOL but I think it looks sharp)!! They also are offering some holiday cash and you could probably get it for under 16K because your paying cash!!
#5865 of 7485 Re: Odyssey [thegraduate]
Jan 01, 2006 (3:50 pm)
And...if I have a 1996 Odyssey with 87,000 miles listed, my phone will ring off the hook.
The Caravan will end up going to the auction because we don't want to see it sit for two months.
#5868 of 7485 "honda lovers" doesn't equal "Dodge Haters"
Jan 01, 2006 (10:05 pm)
While this topic shouldn't even exist here, I would just like to point out that all Honda lovers AREN'T Chrysler haters. Just because someone loves one product does not mean they have complete digust for another. I like ice cream, but it doesn't mean that I don't like chicken too! I just like ice cream better. Even if chicken has better nutritional value, it has given me food poisoning twice in the past(like the metaphor?), ice cream never has.
#5871 of 7485 Re: Odyssey [isellhondas]
Jan 02, 2006 (6:08 am)
"And...if I have a 1996 Odyssey with 87,000 miles listed, my phone will ring off the hook."
YOUZ GOTS TO BE KIDDING?
From what I have read about the 96' Ody it was small and underpowered. Bigger is better in todays world of minivans.
Why would someone pay 6k for a van 10 years old?