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Classic Cars Buying Luxury used cars
411 messages, Last post on Jul 13, 2009 at 10:22 AM
You are in the Classic Cars Forum. Your Host is mr_shiftright
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Replying to: Mr_Shiftright (Jan 06, 2009 9:35 am) By 1988 standards, I'd consider Lemko's Park Ave to be a luxury car. That thing probably stickered for $22K or more, which is an awful lot of money in my book! My '79 NYer probably stickered for about $10K, while my other one, the 5th Ave, was probably around $12K...up into Cadillac/Lincoln territory, and I've always considered those to be luxury cars. Now that's chump change compared to what a nice Benz or BMW would have set you back in the same years But, time has marched on. Cars have more standard features these days, as well as more power. So more has to be done to separate the real luxury cars from the rest of the herd.
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Replying to: andre1969 (Jan 06, 2009 10:01 am)  What exactly is the difference between "low end luxury" and "high end economy"? You've got to have a standard here, and to my mind the standard for what we call "luxury" has gone far beyond GMs 1988 idea of it. There is simply no comparison in luxury, appointments, technology and complexity between an old Buick and a Mercedes S600. GEEZ if you can't fix a simple 1988 Buick, then coping with a used BMW 7 Series is going to bring you to ruin and devastation right quick. 
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Replying to: Mr_Shiftright (Jan 06, 2009 10:05 am) Well to me, "high end economy" would be something like a fully-loaded Toyota Corolla or Honda Civic. Cars that might be well appointed, but are still small, sacrifice comfort, and have a primary focus on fuel efficiency. I might consider a "low end luxury" car today to be something like an Acura TL or Toyota Avalon. On the domestic front perhaps something like a well-appointed Buick Lucerne or a Chrysler 300 Limited or C. Or maybe a better term for them would be "near luxury", which is what they started calling that step-up class back when Acura first came out, and then Infiniti and Lexus followed. |
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Replying to: Mr_Shiftright (Jan 06, 2009 9:35 am) Take a Cadillac, whose status regarding luxury branding has been destroyed over the last few decades. The residuals are crazy low. If you get $4K off a CTS, that locks in a faster decline in value as soon as you drive that car off the dealer lot. In 1 year, you are in the mid $20K at best for a upper $30K vehicle. Punch in a 2007 CTS at Cars.com and before the first 50 cars are viewed in a country-wide search, mid-twenties. A CTS-V under 10K miles is mid-$30K. The Germans are hurting as well but since they start at a much higher price the value decline isn't as drastic as domestic brands. Regards, OW
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Replying to: circlew (Jan 06, 2009 11:08 am)
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Replying to: Mr_Shiftright (Jan 06, 2009 11:15 am) I can not get used to the Arts and Science. Regards, OW
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Replying to: circlew (Jan 06, 2009 11:19 am) 
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Replying to: Mr_Shiftright (Jan 06, 2009 11:22 am) Regards, OW |
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Replying to: texases (Jan 05, 2009 12:59 pm)
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Replying to: hpmctorque (Jan 06, 2009 8:57 am) Outside of the paint problem and a slightly split driver's door arm rest, not much that bothers me. The radio/cassette deck still works. It blows icy cold A/C. The interior is in excellent condition. It has new tires and brakes. It's got a couple of small dents here and there, but that's my fault and not the car's. Best thing about my beater is I can take it anywhere and can rely on it to get me out of anywhere. Heck, a doctor might find 35 things wrong with me, but I could still live to be 100 regardless. |
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