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Mitsubishi Endeavor Prices Paid and Buying Experience

81 messages,  Last post on Aug 06, 2008 at 1:29 PM

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What is this discussion about? Mitsubishi Endeavor, SUV

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#27 of 81 in the news by steve_ HOST Apr 23, 2004 (3:01 pm)
This may help your bargaining position as a consumer:   DaimlerChrysler Won't Bail Out Mitsubishi (Washington Post)   Steve, Host Replies to this message: tartallini (Apr 23, 2004 5:27 pm) tubbs (Apr 23, 2004 8:10 pm) jersey (Jul 13, 2004 7:10 pm) robin15 (Oct 24, 2006 11:10 pm)
#28 of 81 In the news by dan41 Apr 23, 2004 (4:07 pm)
This is not encouraging news for those of us who have purchased Mitsu's. As happy as I have been with our Endeavor, I must admit that given what I just read, I sit here wishing I bought the Highlander or 4Runner. I knew hat Mitsu resale value was not as good as "others", but we planned to keep our Endeavor for at least 8 years ( we also purchased the Mitsu bumper to bumper 7year/100K extended warranty ), so resale value was not a great concern. Although premature, based on what I just read, I don't have a comfort level that Mitsu will be around for another 7 years..Sure hope I'm wrong.   I would not want to be a car sales person for Mitsu right about now. In the whole scheme of things, this is not how I wanted to start the weekend. For now, I will pour myself a drink and go watch the Red Sox beat the Yankees.
#29 of 81 How to Value a Demo Car by matt04 Apr 23, 2004 (4:52 pm)
Can the group comment on ways to value the mileage on a Dealer Demo car. I sat down with a dealer to negotiate the selling price of an Endeavor Limited with 5,000 miles. The car was driven by the Delaership manager for everyday use. No damage to the car except for a small stain on the interior leather of the back seat. How would you recommend valuing (or devaluing) the car with that mileage? Needless to say, the sales manager and I disagreed. Replies to this message: tubbs (Apr 23, 2004 8:06 pm)
#30 of 81 Re: in the news [steve_ #27] by tartallini Apr 23, 2004 (5:27 pm)
Replying to: steve_ (Apr 23, 2004 3:01 pm) Boy, this was a timely message and timely read for me. THANK YOU so much for the heads up on this one.   Today (out of the blue) I received a call from the Mitsubishi dealership in town. I'd told them that I would not be buying until June 30th or so and to quit calling, however the salesman has been pleasant and I thought it no big deal that he was calling. However, he was doing the full-court press sales pitch today which puzzled me. I told him all the reasons I was waiting to buy, and he just kept indicating NOW is the time to buy. He DID NOT mention this... and I'm thinking he probably knew about it and just failed to mention it. That makes me mad... but it's not unexpected.   Something to sit, wait and watch for sure! Again, thank you for the information. Another article to check out is http://www.iht.com/articles/516771.html
#31 of 81 Re: How to Value a Demo Car [matt04 #29] by tubbs Apr 23, 2004 (8:06 pm)
Replying to: matt04 (Apr 23, 2004 4:52 pm) As a point of reference, I talked to a dealer today about a Limited AWD with ~3000 miles. His initial offer was $400 below invoice. With some negotiating I'm sure that would go down some but I think thats still too high.   Also, this dealer mentioned to me that the next shipment of Endeavors isn't coming until the end of May. He doesn't even know how many of those will be the '04 and how many will be the '04.5 model. I think people are trying to unload the '04 models now before the demand drops when the new models come out so something with a few thousand miles should only command a few thousand less than invoice in my book.
#32 of 81 Re: in the news [steve_ #27] by tubbs Apr 23, 2004 (8:10 pm)
Replying to: steve_ (Apr 23, 2004 3:01 pm) Thanks from me as well Steve. I too was 95% sure I was on my way to buying an Endeavor as soon as tomorrow. Definitely rethinking that now.   Any thoughts on what would happen to warranties should Mitsu go under? Replies to this message: jersey (Jul 13, 2004 7:10 pm)
#33 of 81 by steve_ HOST Apr 23, 2004 (8:44 pm)
"Japan has a long tradition of bailing out foundering firms in rescues by their top lenders or major shareholders, often orchestrated by the government."   Carmaker Looks Inward in a Search for Cash (NY Times)   Forbes has a bit more pessimistic take on it (beware the Forbes Business News Adware popup installer).   Wish I had a crystal ball, but I'm just passing along stuff I see in the news. Isuzu keeps getting counted out, and the dealer network is hurting, but they are still making trucks.   Steve, Host
#34 of 81 Another report as of a few minutes ago... by tartallini Apr 23, 2004 (9:09 pm)
http://www.taipeitimes.com/News/worldbiz/archives/2004/04/24/2003- 137940   I'd agree that the dealers are making every attempt to get rid of the '04 stock before the '04.5 comes in. I'm sure that as soon as tomorrow when this news becomes more widespread, this will be tough times for the dealers!
#35 of 81 looking better already by steve_ HOST Apr 24, 2004 (8:19 am)
"JAPANESE car manufacturer Mitsubishi Motors Corporation appeared to have been thrown a lifeline last night."   Mitsubishi On A Knife Edge (NEWS.com.au)   Steve, Host
#36 of 81 looking better already by dan41 Apr 24, 2004 (10:57 am)
Steve, thanks for making my day! Given this article, I am more optimistic about Mitsu's long term viability. I do think Mistu will really have to reassure auto buyers that they, as an auto company, will be around for a very long time. Until they instill confidence in their viability, they run the risk of not gaining market share and, should this happen, we then may be faced with an even greater acceleration of depreciation. I will think positive and go watch the Red Sox beat the Yankees - again!

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