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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: fintail (Jan 03, 2009 12:36 pm) That "trade in" price is pure fantasy. I doubt a dealer would give him half that.
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Replying to: Mr_Shiftright (Jan 03, 2009 12:59 pm) 
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Replying to: fintail (Jan 03, 2009 1:12 pm) |
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"People will realize the marginal increase in comforts as car prices shoot up isn't worth what you pay. For 35K you can get something pretty excellent, no need to spend 70K, especially if you've lost 40% of your retirement and 25% of your other equity." I agree with you completely, fintail. When we trade my wife's TL, it won't be for another TL, but, more likely, for a Mazda 6, Accord, or Fusion type car. The reason is that the '09 TL or Lexus ES just don't inspire us. We might consider a C-Class Mercedes, BMW 3-Series or Cadillac CTS, but only if the driving dynamics and other attributes justify the additional cost compared with the more popular priced cars I mentioned earlier. Prestige isn't a consideration for us, so the more expensive cars would have to win on their merits rather than their cache'. Another option would be a 2-4 year old E-Class.
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...of BHPH lots in lower NE Philly full of out-of-warranty luxury cars and a huge market for them. A 2001 S600 is the darling of up and coming Russian mobsters in Somerton! "Mmmm, Yuri! Luff your 'Sedes-Bainz Seeks-Hun-dret! More ree-laible thain Moskvich heem Sergei haff baik in Odessa!" |
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Replying to: hpmctorque (Jan 03, 2009 8:21 pm)
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Replying to: fintail (Jan 04, 2009 10:10 am)
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Sorry, but what's "BHPH"?
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"I've owned quite a few "risky" used luxury cars, including: BMW 735i, MB 300D, 300SD, 560SEL, 560SL, Audi 100, (sorta luxury), Jaguar XJ6 (sold quickly after just READING about the car's problems, which it didn't have at the time), Alfa 164LS (quite luxurious)." With all this talk about buying used luxury cars, and what ones to buy and not to buy, I'm surprised nobody's mentioned anything about Volvos yet. Then again, many people (including myself) don't mention the words 'Volvo' and 'luxury' in the same breath. I've never considered Volvo to be a luxury carmaker, but rather, a producer of very durable and reliable cars for the middle class, in the mold of Toyota and Honda. Shifty, I see you've owned a few cars that you deem to be "risky," such as Audi 100s and BMW 7-Series- however, would you consider vehicles such as Volvo 850s (like mine) and 960s to be in the same category? My personal take on this is that 1) I don't see the newer, complex Volvos to be cars that would bankrupt an owner, like an older 100 or 7-Series would, and 2) Volvos are still simpler than a Bimmer or Benz, and thus will run longer even if in a decrepit state of condition. Even an older 240 is like an old '54 Chevy, compared to something like the Alfa 164 or Porsche 928. My '96 850 is long out of warranty but I will continue to drive it because I'm not afraid of the repairs, nor am I worried about racking up high mileage. Also, I would see no qualms about purchasing a higher-mileage 960 or post-1998 Volvo, because, again, they are simpler and more reliable than a Bimmer or Benz.
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I doubt they will appreciate in value, but the early LS-es are known for their durability. Just hope the starter never fails (I think the books say it's an eight-hour job to replace). I am not sure whether anyone builds a luxury car today that won't be a repair nightmare when it's a decade old. Most models have fully automatic power windows and keyless ignition. The Lexus GS series has that weird keypad with a million buttons that pops out of the dash--I guess that's the only alternative to something like iDrive when you have that many features. Even my base model Pontiac G6 has three fuse blocks--one in the passenger compartment, one in the trunk, and one under the hood.
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