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Smart Shopper Stories from the Sales Frontlines
47991 messages, Last post on Nov 29, 2009 at 5:32 PM
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Replying to: tsgeisel (Jul 31, 2006 12:51 pm) In my brain "resale value" is one of the most over-rated new car selling points, just above floor mats, just below free oil changes." Yeah, but how many Americans buy a new car every 2-4 years?? I'll bet the sales force can chime in here, but I would venture to say that you are an atypical buyer. Out of about 30 people I work with closely at my company, I would venture to say that 70-80% have late model low mileage vehicles right now, and I would bet most of those will not keep them more than 2-5 years. Me, I usually keep a car 4-5 years and for 40-50K miles. Resale does matter to me, and in some cases, there is a big difference between trying to sell a used Honda/Toyota vs a used Kia/Suzuki.. I do agree with you that if you drive your vehicle into the ground (say 10 years, 120K miles) resale is not as much as a factor. But let's face it, you are probably the minorty..
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Replying to: bretfraz (Jul 31, 2006 12:36 pm) Resale value should not really be considered unless it is to break a tie between two or more cars that one is interested in. To often higher resale values are paid for by higher up front costs. Yes you have a $2,000 higher resale value for car 'A' but you paid $2,500 more for it. Secondly it doesn't pay to get the car that has a higher resale value if you compromise on what you want. "Oh sure I hate the car but look at the resale value." Plus the longer you keep the car the less a higher resale value is a factor. |
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Replying to: dc_driver (Jul 31, 2006 1:32 pm) A couple of thousand work in my building and going through the parking lot I would say that its a pretty even spread between new to 10+ years. Even have some that date back to the 80's. Most people I personally know put at least 100K on them before the get rid of them. I know some that trade every couple of years, but thats a minority. |
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Replying to: advequityguy (Jul 31, 2006 12:33 pm) I guess it's down to the perception of a "deal". To a lot of people a large amount off the MSRP is of more value to them than resale or actually owning a car they like. |
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Replying to: advequityguy (Jul 31, 2006 12:33 pm)
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Replying to: mac24 (Jul 31, 2006 11:21 am) So true. I, for one, grew up in a family of four who lived in a a one bedroom walk-up apartment for many, many years. Now, I'm in the top one percent of the population relative to income...and, while certainly not cheap, I watch the pennies. |
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Replying to: capitano (Jul 31, 2006 1:46 pm) |
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Replying to: lemmer (Jul 31, 2006 12:28 pm) ???? What Carmax should have done is explain they're covering their rump by overcharging and you'll get the money back from the loan company later if you haven't bounced a payment or skipped the last payment. A little explanation would go a a long way. I'd react the same way and wouldn't go back, after I let them know what I'd caught them doing. |
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Replying to: british_rover (Jul 31, 2006 8:31 am) Would you say that the image that some people have about Range Rover has changed since Ford bought them out?
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Replying to: mac24 (Jul 31, 2006 11:21 am) I have a friend who is hoping to scrape enough money together for a new Base Cobalt, and hopes to trade in her 1994 Cavalier. She counts every dollar like it is her last, so to her she is 'funny' when it comes to her money. |
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