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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 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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Replying to: andre1969 (Jan 06, 2009 10:01 am) 
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Replying to: lemko (Jan 06, 2009 12:30 pm) 
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