Last post on Mar 10, 2013 at 12:24 PM
You are in the Chevrolet Impala
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Chevrolet Impala, Sedan
#912 of 3634 2003/2006 Impala/pluto5
Dec 19, 2005 (9:32 am)
There are all kinds of posters on here from the last couple years indicating they had a very hard time selling their used Impalas for what THEY thought they were worth. Check out the Impala posts on the Impala sight. Kelley Blue book November 2005 says a 2003 LS in Good-Excellent condition loaded, a private listing would be in the range of $12,165 - $12,900. and trade in value in the same condition is $9,800-$10575...A buffalo newspaper two weeks ago had a listing of several 2002 & 2003 Impala LS cars $8,900 to $9,900. Next time you are at your chevy dealer ask them what they would give you for your 2003 LS. I think you will be very surprised. Good luck in trying to get $16,000 for a three year old Impala. Don't forget to ad the freight and taxes to your cost of the 2006 price.
Check any newspaper across America. They are loaded with used Impalas for sale like yours at give away prices, nowhere near what you think it is worth.
With so many new cars in the Impala segment, I hope GM keeps this new Impala fresh. Every year improvements have to be made, the competition today is more fierce then ever. This Hyundai Sonata is winning most of the awards in this segment. I am a chevy guy but accolades to a car company Hyundai that has been around for a short time and is kicking the stuffing out of its competion in quality/desirablility in the mid car segment. Check it out!
#913 of 3634 reply charts
Dec 19, 2005 (3:51 pm)
My original post was:I purchased my 03 Imp LS in the low $17Ks after dealer discount, rebate and GM earnings so IMO a new factory order is the best value since you get the color and options you want plus the full warranty. With current rebates and GM earnings an 06 LS could be had in the low $18Ks.
Selling after 2-3 years is another issue that is irrelevant to me since I don't plan to sell it for 9-10 more years. So your argument about loss of value is irrelevant to me.
This is not a Hundai thread so I won't debate the Sonata.
#914 of 3634 Re: 2006 Impala poor gas mileage [wombmaster]
Dec 19, 2005 (4:52 pm)
Well, 3000+ miles and the gas mileage is still a whopping 21-22 on the highway. I called and bitched out the dealer and their response is as follows:
1. It may take 6000-12000 miles for the engine to break in.
2. Do you know how to fill the car up? He then proceeded to explain how to fill a car up. (All bs)
3. Fill the car up at 100 miles, you may see an improvement. ( I obviously don't know how to divide)
4. There is winterized (oxygenated) fuel which will lower your gas mileage.
5. Your mileage should improve in April because thats when the oxygenated fuel will end for the winter run.
6. At the end of the conversation, they tried to sell me some rain shields for the windows, what a class act, typical bottom feeding dealer.
This car is the worst car I have ever leased, we'll see what happens.
#915 of 3634 Re: reply charts [pluto5]
Dec 19, 2005 (4:56 pm)
Who in their right mind would pay $16,000 for a 3 year old Impala, with no warrantly left when as you say you can buy a brand new 2006 for only $1,000 more?? Doesn't make sense.
As I have stated in previous posts, GM better keep their fleet of cars/trucks fresh, more often then in the past. 6 model years was way too long with the previous model Impala with only minor changes. A lot of people change cars every three or four years and no one wants to buy exactly what they just traded in.
#916 of 3634 Re: reply charts [charts2]
Dec 19, 2005 (7:56 pm)
Back in 2002 I bought a used 2001 Malibu LS from Hertz in Albuquerque for about $12k as I recall. It had 28k miles on it and was in new condition. It now has 87k and has been the most dependable car I've ever owned. I'll order a new Impala LT in February. If I were still commuting, I'd definately buy another Malibu or Impala from Hertz, drive it two or three years and sell it and get another one. I used to commute 70 miles a day round trip. 2006 Impala rental cars will most likely be base LS models and I want an LT with the Bose sound system, traction control, ABS, etc. A 2005 Impala LS (upscale model in '05) runs about $14k. To me, it is worth the extra $7-8k to get a new one. I plan on keeping it 5-6 years and it won't have a third of its life gone when I buy it like the 30k mile ex-rental cars. Karl
#917 of 3634 Impala vs Malibu
Dec 19, 2005 (7:59 pm)
I've driven the new Malibu LS and Impala LS but my drives were a month or so apart so I can't remember differences. Both as I recall rode pretty smoothly. Has anyone driven them back to back and can provide some comparisons? Thanks - Karl
#918 of 3634 2006 Impala/dispencer1
Dec 20, 2005 (7:49 am)
Bought a 2001 LS brand new. Won't do that again. No rental/fleet unit for me either. I will wait a year after many of the bugs in the 2006 model are worked out and buy a 1 year old private, low mileage 2007 SS at the end of 2007. There basically loaded anyway. Hopefully in 2007 they will have upgraded the brakes,(last in its class in braking) and solved the stalling/hesitation problems worked out that have been reported, and maybe by popular demand put the PRNDL markers back on the floor shifter. The 2006 Impalas are light years ahead of the 00-05 Impalas, but the competition isn't sittng still either. You say a 2005 Impala LS in 2005 is worth only $14,000. Pluto5 says his 2003 Impala LS is worth $16,000 NOW.
#919 of 3634 imp resale
Dec 21, 2005 (3:44 pm)
I am not defending GM's resale value; it's not of great importance to me since I plan to keep a new car 10+ years. But the bargains on used are mostly illusory IMO. Example from CarMax in my area similar car and mileage:
'03 Chevrolet Impala LS 4D Sedan $15,998 Blue Automatic 6 33K Transferable/$400
Why would you buy a used 03 when you can get a new 06 with a warranty for about $3K more?
#920 of 3634 Re: imp resale [pluto5]
Dec 21, 2005 (4:03 pm)
I've always looked at things this way...you can spend less money on a slightly used car, but by the same token there is a portion of the useful life of that car that has been used by someone else.
Even though most modern cars are capable of running well over 100k miles if properly cared for, for the most part by the time a car has 120k miles or so it isn't worth too much (there are exceptions of course, but for mainstream sedans that's probably a fair figure).
So in my mind, buying a new car for $20k and buying a used one with say 30k miles on it for $15k is a wash...the used car is 25% cheaper, but then again 25% of it's "life" is gone. So if you're planning to keep the car for 10+ years, it might make more sense to buy new, whereas if you trade frequently, you might be able to better justify buying a slightly used car and then trading it when it still has some value/life left in it.
#921 of 3634 2006 Impala/pluto5
Dec 22, 2005 (6:25 am)
The 2003 Impala LS was the top of the line model. Many had leather, moon roof etc. Your new 2006 Impala is the base model, so your comparison should be with the 2003 base model Impala prices. The 03 LS is comparable today to the 2006 LT3-LTZ. 2003 LS $15,9888 is the asking price, so after negotiations, like you did on your new car a much lower price will be paid. Base 03s clean, decent mileage go for asking prices well under $12,000 on autotrader.ca and probably sell near $10,000 with a good negotiator, again similar to your 2006 LS base.
Most FIRST time car buyers trade long before their car is 9 or 10 years old. I am probably older then you and I trade every 4-6 years. As stated I bought a 2001 LS brand new. With so many decent used Impala LS cars and soon to be SS cars out there, a good negotiated price will allow me to buy an extended warranty if wanted, invest the rest or put improvements into my 1964 Impala SS, that has a lot more then 120,000 miles and many more to come.
The 2006 Impalas are definitely better buys today then the previous 00-05 models. Big improvements were made to the 2006 Impalas, but Chevy better keep these cars updated a lot more often then the previous models, and when problems arise address them immediately. We all rememeber the many problems that plagued the 00-05 models. cracked, body mounts, intake manifold leaks, warped rotors, Intermediate steering shaft problems, cheap interiors, etc etc. The mid/large size car market is the most competitive and right now Honda/Toyota still have the best grip on that. Chevy indicates they have reduced the number of Impalas going to fleet sales for 2006. Thats a good sign for new Impala owners who can retain a little more value over time. Used Impalas have the lowest rated resale value of any car in its segment.
The Impala is #1 selling used car in America. There must be some value, the numbers speak for themselves.