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Hyundai Azera vs. Toyota Camry

46 messages,  Last post on Feb 26, 2007 at 6:27 AM

You are in the Hyundai Azera Forum.

What is this discussion about? Hyundai Azera, Toyota Camry, Sedan

Messages Page 6 of 6

#43 of 46 Resale Value by gooddeal2

Feb 25, 2007 (1:12 pm)

I know some of you don’t really care about the resale value cuz you want to keep your car for 10 years or so…however, there’re so many things can be happened like accident...etc.
 
Here is my experience, it has nothing to do w/ Azera v. Camry but I think it’s worth to mention.
 
In late 2004, I bought a GMC Envoy cuz the dealer offered 10K off plus I had about 4K in my GM card. So, I think it was a nice deal 37K MSRP – 10K – 4K = 23K +TTL. Based on KBB trade in value for the same car but 2 years older was around 18-19K.
 
After a couple months and 2k miles, I don’t like the car so I tried to trade in. I went to at least 5 dealers and none of them offered me more than 19K (KBB trade in was like 22K). So, if I don’t have the 4K reward on my GM card, I would lose 8K on a 3 months olds car.
 
Finally, I got a dealer that gave me 21K cuz he known a person who wanted to purchase the car. I’m glad I dump the car cuz even I keep until today, I will lose at least another 10K (for 2 years) base on KKB number.

#44 of 46 Re: Resale Value [gooddeal2] by gamleged

Feb 25, 2007 (1:20 pm)

Replying to: gooddeal2 (Feb 25, 2007 1:12 pm)
Moral is: don't buy unless you're positive you're going to keep the vehicle for at least three to four years, otherwise that huge drop in value as it "leaves the showroom floor" will truly bite you in the butt. When I buy a car (three cars, now, 2 Accords and one Azera in that 30 years), I plan to keep the car at least until its Blue Book value is less than its annual insurance cost!...

#45 of 46 Re: Resale Value [gamleged] by gooddeal2

Feb 25, 2007 (1:39 pm)

Replying to: gamleged (Feb 25, 2007 1:20 pm)
Moral is: don't buy unless you're positive you're going to keep the vehicle for at least three to four years
 
Even w/ 3-4 years, you still lose more money.
 
In the same year, I traded in a '03 Altima (a little over 2 years old w/ 20K miles) for a new '05 Altima w/ same options...paid only $3800 + TTL. Now, you know what I mean.

#46 of 46 Re: Resale Value [gooddeal2] by floridabob1

Feb 26, 2007 (6:27 am)

Replying to: gooddeal2 (Feb 25, 2007 1:39 pm)
RE: 45
A three year trade in for a Hyundai Azera would probably be a killer. Only time will tell.

Messages Page 6 of 6

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