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Smart Shopper What's the best vehicle for my needs?
1145 messages, Last post on Sep 17, 2009 at 12:59 PM
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that's a sad bit of viral marketing. |
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Replying to: demigawd (Jun 19, 2009 9:49 pm) The X-type is just a Ford Contour. Both have HORRIBLE resale value. The G35 is superior in both regards. Where do you live? I know you said Illinois. I just searched Cars.com and found 11 G35Xs with 72k miles or less for $17k or less within 50 miles of Chicago zip 06601. (I went to $17k to allow for negotiating, of course) Of note, there is an '04 with 32k miles for $16,999; an '05 with 47k miles for $15,995; and an '06 with 57k miles for $16,999.
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Replying to: qbrozen (Jun 20, 2009 4:20 am) I don't think it is accurate to call the x-type a ford contour. We actually considered one of those new in 2004, when they were offering about a $6000 cash-to-dealer incentive...for those who bought at $7-8000 below MSRP the resale value is probably not so horrible, btw. One of the concerns was the really awful reliability reported at that time and confirmed by the very high cost of an extended warranty. I don't know if that has changed. Anyway, I think the need for AWD is over-stated by most. Everyone who thinks they need this is surrounded by people who live in the same area and drive on the same roads without it. I don't think trying to plow through deep snow with an AWD car (these will still have low ground clearance) is such a great idea anyway and in any other conditions FWD and stability control are likely to be adequate.
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Replying to: jeffyscott (Jun 20, 2009 5:09 am) lol, that's exactly what I was about to write. As a second owner, I would probably just drive it into the ground and trade it in. Horrible resale value is a plus for me! Reliability, on the other hand, is a BIG concern (which may be why they have horrible resale value in the first place). if a car is not reliable, then I at least want it to be cheap to fix. If I'm spending 25% of what I paid for the car each year to fix/maintain it, then it's a bad deal. On a $16,000 lux car, for 25% of that per year, I could lease a new car of that same model. I don't know if calculations are done anywhere for reliability costs, but to me, if any of these cars cost more than $1800 a year to maintain after five years or 70,000 miles, then I'm better off going new. Maybe even a lease takeover.
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Replying to: qbrozen (Jun 20, 2009 4:20 am) Thanks for telling me about cars.com as well. I'm in Chicago, but I hadn't checked there. Since I never bought a car before, what's a reasonable price to talk a $17,000 car down to?
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Replying to: demigawd (Jun 20, 2009 5:40 am) If you are inexperienced, do you know anyone who is more experienced at the art of negotiation? A former salesman, perhaps? The most important thing is to obtain a knowledge of what these actually sell for (comparables) - not the asking prices, and then match or beat it. If you buy the car on the first day of negotiation, you paid too much. Do not appear to fall in love with it. Negotiate from a lower point than your final, and leave when it reaches an impasse. You'll get a call back. My daughter is driving a car I bought when it was 3 years old & priced at 10,295. After 3 days of negotiation, I paid 5750 cash from a new car dealer. That's about typical of my used car buys. Work only with new car dealers (on local trades with perfect history) - they are the pros at this. Be professional, respectful, and stick to your guns. I have bought used cars this way for 35 years, always with cash. A good dealer will recognize and respect you more than if you paid his asking price - so much so that I have been offered jobs by the dealership owners after getting the car at my price. Good luck ! |
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Replying to: jeffyscott (Jun 20, 2009 5:09 am) Eh... to an extent. There is kind of a happy medium. Some cars that depreciate rapidly in the first few years will continue to do so and that can still hurt even if buying used. OH, you're right on the Jag. Apparently it was the Mondeo, not the Contour (see wikipedia).
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Replying to: demigawd (Jun 20, 2009 5:36 am) http://www.edmunds.com/apps/cto/intro.do
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Replying to: qbrozen (Jun 20, 2009 12:29 pm) I looked at an '07 Lucerne with more than a year of the BTB warranty left and dealer asking $23k under msrp. ETCO says to pay $3900 less than that. It also said it would depreciate about $9500 in next 5 years or about $2k a year, if driven 60k miles in those 5 years. So a $47k car turns into $10k in 67k miles? Does $2k a year hurt in a car that was once $47k? I hope not. someone on here posted they bought a $56,600 msrp Lexus for $15,500 at 5 yrs old and love the car. |
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