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Automotive News & Views Buying American Cars What Does It Mean?
7263 messages, Last post on May 27, 2009 at 4:31 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
With parts coming from everywhere, does "Buying American" have much meaning anymore? Is quality and price the bottom line?
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Replying to: cooterbfd (Oct 29, 2008 4:10 pm) |
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Replying to: cooterbfd (Oct 29, 2008 4:10 pm) All plans are on hold now...we will see. Regards, OW |
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Replying to: hickey86 (Jan 06, 2006 1:14 pm) |
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Replying to: freedomguy (Jan 10, 2006 9:28 pm) |
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Replying to: sidious6688 (Nov 04, 2008 2:44 am) Or do they??? When these studies show percentages of depreciation, it is vs. MSRP, and not actual selling price. So depreciation rates aren't as bad as you'd think. Now, if you want to debate why a Toyota sells for closer to MSRP than a Chevy, THAT'S a different story altogether.
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Replying to: cooterbfd (Nov 04, 2008 3:07 am) You can put your money on American. It's still a free country. Hope their cars improve, though. Regards, OW |
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Replying to: cooterbfd (Nov 04, 2008 3:07 am) 'American' cars tend to sell new at a lower price than their 'Japanese' counterparts so therefore they must also have a lower resale value - and vice versa. The truth of the matter is that over the shorter term (up to about 5 years) and/or on leases the 'Japanese' cars can very easily be less expensive to own than the cheaper 'American' car. If you subscribe to the the contention that there is no real long term reliability differences in most cars these days and are willing to drive that car for a long time then the equation will swing very decidedly into the favor of anything that costs less to buy up front - be it American or Korean (or whatever). Statistics, though, tell us that the average car BUYER is keeping a car 4-5 years and overall 'ownership' periods are even less than that when you also consider the 2 to 4 year terms of leases these days.
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It amazes me how many people miss the point. When considering Japanese vs. American, consider these two rules I live by. #1. Don't finance cars!! (pay a note to yourself until you can pay cash.) #2. If you and I can buy two similar cars, but I can pay 5 grand less up front, I will always pick the lower cost car. Take the 5 grand and invest it to appreciate, not depreciate. So now someone please tell me how you paying more for a car up front is a better deal than me paying less and investing the difference in something that grows. Even something with low growth like a savings account is better than a depreciating car. I don't care if it's American, Japanese, Korean, or Mexican made. It's your money, spend it how you want. But saying you're making the smart choice by buying Japanese due to resale value or reliability is not reality. It's one way of justifying your purchase decision. Reality is that all cars are VERY BAD investments. The more you invest in one, the less cash you have to put into a "good" investment. Tada. It's quite simple.
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Replying to: parkman50 (Nov 04, 2008 11:18 am) to even more pain if you choose unwisely. 1. Bad Investment 2. Car is unreliable 3. Car costs more to run over time. Choose wisely, grasshopper. Regards, OW |
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Replying to: captain2 (Nov 04, 2008 7:28 am) |
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