Last post on Jun 19, 2013 at 6:38 AM
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
Apr 08, 2008 (8:01 pm)
Sorry my computer froze up on me. I Have here 2 of the closes and most common models within the same price point. The 2008 Ford Fusion SE I-4 and the 2008 Camry LE I-4 Both with 5 speed automatics. Here are the links straight from Kelly Blue Book.
2008 Ford Fusion
MSRP Ford Fusion $19,660.00
2008 Ford Fusion Resale value
2008 Toyota Camry
MSRP Toyota Camry $21,735.00
2008 Toyota Camry resale value
Now the graph for the Toyota Camry is clearly higher than the Fusion. Help me understand this
#9337 of 18437 Re: Question [bhmr59]
Apr 08, 2008 (8:32 pm)
The question about residuals based on MSRP prompted Toyota (IIRC) to make Scion a "one-price / no-haggle" brand. Or, it was at least one factor in the decision.
The fact that everyone pays MSRP would give Scions a perceived high residual, and (as you already know) is one reason why most domestics have such lousy residuals ($6000 Lincoln Town Car rebate, anyone??? )
Like you, I wish it were possible to track the actual purchase price of each car vs the resale price years later in order to get a clearer picture.
#9338 of 18437 Re: OK here you go [theman123]
Apr 09, 2008 (5:21 am)
Those graphs are based on percentage of MSRP, what I think those who trade should be interested in is the actual depreciation in dollars.
Edmunds "true cost to own" provides an estimate of this and is based on their TMV as the starting point, rather than MSRP. Edmunds TCO also provides estimated reasale value so you can estimate your own personal depreciation based on the price you actually pay.
For the Fusion SE total estimated depreciation, based on $15,000 miles per year, is:
$4700 after 1 year
$6670 after 2
$8403 after 3
$9939 after 4
$11,318 after 5
For the Camry
$3939 after 1 year
$6242 after 2
$8268 after 3
$10,063 after 4
$11,675 after 5
So at 4 years or more the Ford has lower depreciation. But at any time, I think your personal depreciation is going to depend as much on how good a deal you get as it is on the resale value. The actual price paid can certainly vary by a few hundred to maybe as much as a couple thousand dollars at the time of purchase.
#9339 of 18437 Re: OK here you go [jeffyscott]
Apr 09, 2008 (6:14 am)
The accuracy depends on which source you want to use and what you want to believe. KBB has been doing this the longest and although their methodology is different than edmunds, if I want to guess at a future private party or dealer trade in,, KBB is what *I* would use and it is considered the standard.
#9340 of 18437 Re: OK here you go [kdshapiro]
Apr 09, 2008 (6:21 am)
if I want to guess at a future private party or dealer trade in,, KBB is what *I* would use
Where does KBB give this information? The links given, in the post that I was responding to, showed some vague graphs based on MSRP.
#9341 of 18437 Re: OK here you go [kdshapiro]
Apr 09, 2008 (6:32 am)
My own experience, take it for what you will, is that Edmunds' TMV used car prices are a little closer to reality than are KBB's figures (as found on kbb.com). But both are just estimates, and YMMV, especially I've found for cars that are exceptionally well cared for--which mine are of course.
#9342 of 18437 Re: Test Drove Accord and Malibu Today [jeffyscott]
Apr 09, 2008 (9:51 am)
As long as you don't leave a laptop or something valuable in plain view.
#9343 of 18437 Re: OK here you go [backy]
Apr 09, 2008 (11:38 am)
Surprisingly, right now, KBB and Edmunds agree pretty closely on the value of my car. Private party value for average to outstanding is $14091 to $16,122 on edmunds and on KBB it is $13.920 to $16,195 for fair to good condition.
#9344 of 18437 Camry vs. Corolla MPG with 2.4
Apr 16, 2008 (8:20 am)
Can anyone shed light on the reason that a Camry, that weighs about 350 more lbs. than a Corolla XRS and appears to use the same engine/trannny(5 spd auto) combo, gets a better hwy mpg rating from the EPA?
I assume wind resistance may be a very small player but is the gearing possibly that much different? I would think that a Corolla with the same drivetrain combo would have earned a better rating, not worse.
#9345 of 18437 Re: Camry vs. Corolla MPG with 2.4 [m6user]
Apr 16, 2008 (9:07 am)
Manual or Automatic? The Camry Manual I THINK uses an E251 transmission. Don't know about the Corolla.