- #126 of 1261
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Depreciation
by autowrite
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Sep 03, 2007 (10:32 am)
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Let's see!
My 2002 Odyssey that I bought for 34,700 canadian dollars, new is now worth (in 2007) 18,000 to 19,000 and has 175,000 kilometers (108,700 miles). A big-three (GM,CHRYSLER, FORD)
looses halves {or halfs} it's value in 2 years. It I had bought a T&C in 2002 for 34,700 it would be worth 17.350 in 2004.
It would be smart to buy a new Honda/Toyota OR a used BIG-THREE (3+ years old). Why loose all that money on depreciation!
[Oh, I did not include Nissan as they are owned by Renault in France] 
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- #127 of 1261
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Re: Not Quite as Good [dennisctc]
by artgpo
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Sep 03, 2007 (11:33 am)
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Replying to: dennisctc (Sep 03, 2007 8:20 am)
I just searched our local dealers for 2005 T & Cs. The price is anywhere from $10,000 to $13,500 RETAIL meaning trade-in is about $9,000 to $11,000 for the 50+ listed. The average RETAIL price for a 2005 Odyssey on the same site (9 listed) is $23,175 meaning dealer trade-in was around $21,000.
44% retained value for the T&C
75% retained value for the Odyssey
I guess those hefty T&C rebates and other incentives must sure be worth it.
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- #128 of 1261
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Re: Depreciation [autowrite]
by colloquor
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Sep 03, 2007 (1:25 pm)
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Replying to: autowrite (Sep 03, 2007 10:32 am)
I would concur on Chrysler minivan's depreciation having owned a 1994 Grand Caravan ES - new $27K, sold it for $2,400 in January 2007. On the other hand, in over 12 years and 164K of driving, here's what was replaced/repaired: starter, 3 sets of tires, brakes (2 or 3 times, including front rotors once), plus the normal routine preventive maintenance items. Nothing else . . . It was on its original stainless steel exhaust system, catalytic converter, etc. No problems with the engine (3.3L V6), nor the 4-speed automatic. 5W-30 Mobil 1 every 3K or 3 months, and changed ATF every 24K miles.
The same can't be said for my brother's 2001 Ody. His first automatic transmission lasted 45K, and he's had several major electrical problems. Great resale value, but overall, poor reliability.
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- #129 of 1261
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Re: Not Quite as Good [artgpo]
by dennisctc
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Sep 03, 2007 (2:04 pm)
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Replying to: artgpo (Sep 03, 2007 7:31 am)
Artgo, you come on here bashing DCX Minivan with you're "Not Quite as Good" posting, spout off "miserable depreciation" comments, then try to silence posters with your "touting what cannot". Sorry for trying to explain to you how depreciation is calculated incorrectly, now if you want to correct me, feel free but don't try the high and mighty routine after initiating "Not Quite as Good".
Have you driven a 2008 DCX Minivan? Somehow I doubt you ever will.
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- #130 of 1261
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Re: Not Quite as Good [artgpo]
by dennisctc
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Sep 03, 2007 (2:06 pm)
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Replying to: artgpo (Sep 03, 2007 11:33 am)
I just searched our local dealers for 2005 T & Cs. The price is anywhere from $10,000 to $13,500 RETAIL meaning trade-in is about $9,000 to $11,000 for the 50+ listed. The average RETAIL price for a 2005 Odyssey on the same site (9 listed) is $23,175 meaning dealer trade-in was around $21,000.
44% retained value for the T&C
75% retained value for the Odyssey
I guess those hefty T&C rebates and other incentives must sure be worth it
Since you don't know what the T&C buyers paid years ago, your analysis is flawed. What's the saying figures don't lie but liars figure?
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- #131 of 1261
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Re: Not Quite as Good [dennisctc]
by marine2
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Sep 03, 2007 (4:01 pm)
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Replying to: dennisctc (Sep 03, 2007 2:06 pm)
If your planning to spend $25,000 plus on a minivan and keep it only two or three years, yes, go ahead and by a Honda. But if your like me and keep one at least five years, the new Chrysler is a great buy. It has all the safety features Honda and Toyota has, plus a six speed tranny, television, DVDs, Nav, etc.,etc.etc. There is nothing the other two have that the Chrysler minivans don't. But there is stuff on the Chrysler vans the other two don't have and it has a life time warranty on engine and drive train as long as you keep it. It's pretty hard to beat that. Plus, it's now American owned and most of the profit from that van will stay here in America and create more American jobs. So yes, if your planning on dumping it in a couple of years, buy a Honda or Toyota. My next new one will be a Chrysler product with all those goodies you can't get on yours. Like you use to complain that Chrysler didn't have what the other two did. And when that light turns green and that 4.1 leaves your's in the dust, don't say you didn't have the chance to buy one.
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- #132 of 1261
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Re: Not Quite as Good [dennisctc] by marine2
by autowrite
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Sep 03, 2007 (5:22 pm)
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I don't know where you got keeping a Honda Odyssey 2 years, but I have had mine 5 years and I plan to have it about 15 years, if possible (currently 175,000 kilometers). A new 2008 Chrysler T&C with 6 speed automatic lists at CAN$42,895.00 and does NOT have a life-time warranty, just 3year/60 kms. The life-time warranty is offered only in the USA.
It was always American owned but Windsor, Ontario, Canada (across the river from Detroit, Michigan) has a Chrysler minvan plant where alot of these minivans are produced.
My the way a Honda Odyssey Touring model will cost you can$50,000+ in Canada and we cannot get all the colours {Canadian spelling} in Canada although it's only build in Lincoln, Alabama (since late 2003}. They add the daytime runninglight module to them. In Canada daytime runninglights are manatory since 1971.
Mostly Ford, GM, Chrysler, Honda, Toyota, etc give extra standard accessories to Canada, like heated mirrors & a few other items.
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- #133 of 1261
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Re: Not Quite as Good [dennisctc] by marine2 [autowrite]
by tncarman
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Sep 03, 2007 (7:29 pm)
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Replying to: autowrite (Sep 03, 2007 5:22 pm)
Well, my Chrysler isn't a minivan, it's actually a 2000 Sebring Convertible, but my depreciation was not miserable. I got the jxi for about $26k, and now days my car is worth about 7 thousand. But so would a Toyota Solara at the same price in 2000. Over time, american and foreign car prices start evening out for comparable cars. Its just the first two or three years where the differences are. And most people have cars for 5 anyways, when the depreciation has nearly or started to cathc up to one another.
Besides would you rather buy a car you hate because it doesn;t really lose its value, or a car you love that isnt going to be worth so much? Id buy the car I love/ works best for me.
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- #134 of 1261
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Re: Not Quite as Good [artgpo]
by hansienna
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Sep 03, 2007 (7:46 pm)
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Replying to: artgpo (Sep 03, 2007 5:21 am)
Some of us want the luxury of separately controlled temperature for the driver and front passenger that Chrysler offers on almost every minivan BUT Honda and Toyota offer it only on minivans costing $ 29,000 or more. 
For you the Odyssey may be the right choice but not for more people that buy Chrysler/Dodge than Honda/Toyota combined. 
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- #135 of 1261
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Just another Ody lover ignoring facts [artgpo]
by hansienna
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Sep 03, 2007 (7:55 pm)
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Replying to: artgpo (Sep 03, 2007 11:33 am)
For a comparison of used 2005's, you need to state the model of each and the ACTUAL SELLING price when new. The posting # 127 is NOT RECOMMENDED because it is lacking in facts.
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