Last post on Dec 10, 2013 at 5:02 PM
You are in the Sedans
What is this discussion about?
Hyundai Sonata, Toyota Camry, Honda Accord, Nissan Altima, Volkswagen Passat, Mazda MAZDA6, Ford Fusion, Chevrolet Malibu, Kia Optima, Car Comparisons, Sedan
Sep 15, 2007 (8:55 pm)
Re-sale is an overated number both ways. I have two cars on opposite ends of the resale spectrum---a 2007 Camry Hybrid, and a 2004 Chevy Malibu Maxx. Obviously, I paid more for the Camry, and got less of a discount off of MSRP. However, if I were to trade it in tomorrow, I'd make out very well as a percentage of what I paid.
I just had the Malibu Maxx assessed at CarMax. I was offered $9500 for it. Pretty bleak for a car with a $23150 MSRP, right?
Well, no, actually. The MSRP was $23150, but I paid $16900 for it. And that was before my GM card discount which took another $1000 off. 56% of value for a car that is now 39 months old is not bad.
In current terms, I imagine Sonata's have lousy resale, but I'm also seeing them at huge discounts off MSRP...so if you buy one, you know you aren't going to get as much...but you didn't pay as much.
But if you want to buy what I, at least, perceive to be a higher quality car, like an Accord or Camry, you shouldn't be dissauded because of the higher price because you know you'll get more for it. It is what it is.
#5505 of 20239 Re: Resale [mfletou1]
Sep 16, 2007 (4:04 am)
56% of value for a car that is now 39 months old is not bad.
And if you sold it on your own, you would perhaps get more...maybe 60-65%.
BTW, it looks like CarMax is selling those for $13-15,000. So much for the the supposed big saving for buying used. Can't imagine who would pay that much for a used '04, if a new one can be had for $17,000.
#5506 of 20239 Re: Honda Accord or Altima [master_ryu]
Sep 16, 2007 (4:25 am)
I was stuck in the same boat, wanted xenons,but did not like smart key/push button start, even have Nissan VPP program, but thought that Altima cut some corners with the interior. Not too thrilled that they made the accord bigger,did not really like its looks from the pictures. So I was stuck until I drove a Tl, end of story, great car.
#5507 of 20239 Re: Honda Accord or Altima [mf15]
Sep 16, 2007 (5:28 am)
Is the TL priced competitively against Camcords/Fulans/Altima?
#5508 of 20239 Re: Honda Accord or Altima [lilengineerboy]
Sep 16, 2007 (6:18 am)
Since they start at over $30K, I'm thinking no...but I bet the resale value is good, on a percentage basis.
Edit: Yep, there it is...intellichoice:
Total 5-Yr. Ownership Cost $40,772 for TL and $38,317 for Fusion...I don't believe these figures for a minute, myself.
#5509 of 20239 Re: Resale [jeffyscott]
Sep 16, 2007 (6:21 am)
Don't know if Carmax is getting that much or just asking that much. An co-worker of mine had an absolutely cherry 2002 Malibou Classic. I mean the guy cleaned it with q-tips and mechanically perfect. Only had about 28000 miles on it. One day I noticed it wasn't parked in the lot at work and I asked him where his car was. Long story short: He traded it at a local Chevy dealer and got 6000 for it. I looked on their web site and they were advertising his car as a "special" at 12995. Now there is some bodacious mark up.
#5510 of 20239 Re: Resale [m6user]
Sep 16, 2007 (6:28 am)
My understanding is CarMax does not negotiate prices.
#5511 of 20239 Re: Resale [mfletou1]
Sep 16, 2007 (6:32 am)
I think you make an important point that is often overlooked by people comparing "resale values" of cars. They look at published "resale value percentages" and see that a car like the Accord or Camry has a higher percentage than a car like the Malibu, and immediately assume that they will make out better financially when it comes time to sell an Accord or Camry. But as your example shows, that's not necessarily the case, if they get a good deal up front. Resale value is about the money, not percentages, when all is said and done.
If someone likes a car like an Accord or Camry better than the alternatives, that's what they should buy, and they will probably enjoy owning it. But they should do so not counting on saving money at re-sale time compared to lower-priced alternatives like the Malibu et. al.
#5512 of 20239 Re: 2008 Prices Online! [stlpike07]
Sep 16, 2007 (6:33 am)
My 2007 Camry rear windows go down all the way. I think most new cars do.
The rear windows in our 2007 AWD SEL Ford Fusion do not go all the way down. It bugs me.
#5513 of 20239 Re: 2008 Prices Online! [urnews]
Sep 16, 2007 (6:34 am)
I know very few cars where the rear windows roll down all the way. I can't think of the last time I owned a car where they did.