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2868 messages, Last post on Nov 28, 2009 at 9:31 PM
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Fuel economy might be one main competitive advantage. That plus the DVD. The list above seems pretty complete. Add to that "Huge Rebates coming soon". -juice |
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| GM Card points, year end bonus cash, GMAC financing bonus cash, plus cashback, for a possible drive out the door price of around maybe seven grand off, before negotiating? | |
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Let's just say "acquisition cost" and leave it at that. All those things lower the price but they'll also lower residuals. In 2 years an Odyssey will be worth $8000 more in resale, so your TCO may actually be similar. -juice |
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"In 2 years an Odyssey will be worth $8000 more in resale" Since it costs about that much more new I would certainly hope so. |
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Exactly my point, so you should buy the one you like better, because the actual depreciation will be about the same. What I mean by that is the Odyssey won't really cost you any more, despite the higher up-front cost. If you are really bargain shopping, go get an outgoing 2004 Odyssey, I've seen LXs for $22k and EXs with DVD for $25k. That's no more than a GM van will cost you right now, maybe even less. In 5 years I bet the Ody holds its value better by far. Look at 2000 models: 2000 Ody LX Private Party: $13,700 2000 Venture LS Ext: $7,347 Even 5 years down the road the difference is substantial. For an outgoing 2004 Venture to be a better deal, it would have to cost less than $16 grand new. No amount of rebates will get it that cheap! Conclusion: buy it if you like it better, not for the low up front price, because that'll cost you down the road. -juice |
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Why would you want to give someone $8000.00 now and in five years get the same $8000.00 back without any interest on your money? In five years that $8000.00 will be eaten away by inflation. Invest that money for five years and subtract that from the cost of the lower cost van. If you like having dead money just hanging around doing nothing, the Ody is the one to buy! |
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Well, first off it's not $8000. That was just a number thrown out as an example. A 2004 Ody LX costs about $22k right now. My guess is a GM van is about the same. Even with a GM card credit you would come out way behind, even when you factor in interest. If you get a 2005 Ody and compare to a 2005 GM van, well, rebates aren't really high yet to I bet the savings will amount to very little. -juice |
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Sorry, I thought that you knew that $8k figure for a fact. I know that in 2002, Honda Ody was 32k full msrp compared to my 2002 Silhouette GLS which msrp for 33k and I got it for 25k. Of course GM rebates/card points do help. So that 7-8k price difference did exist when I bought my van. Buick dealer by me has started to take names so they can call people when the Buick Tarazza starts to come in. Only time will tell. |
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Me, I'd rather pay less to begin with. You can get a loaded up Venture for C$28K cash. Same Oddy will cost anywhere from C$37-40K. While I do think the Oddy is a better van over all, I know which one I would likely buy. GMs lower prices are and will attract families who look for van value. |
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Hey, if the Honda was $32k I wouldn't have bought it either! :o) That's just more than I'm willing to spend, even if I can afford it. Also, I guess a lot of folks drive theirs into the ground, and in that case residuals hardly even matter. -juice |
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