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Automotive News & Views GM News, New Models and Market Share
8454 messages, Last post on Nov 26, 2009 at 5:56 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: lemko (Oct 30, 2009 1:37 pm) Well, I don't think Dodge Darts were particularly known for their brakes. Plus, with that mildly hopped-up 318, "power braking" was too much fun to pass up. I'm sure that contributed to some premature wear. Plus, all that stop and go pizza delivery driving. |
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Replying to: lemko (Oct 30, 2009 1:50 pm) I think what Pletko was saying was that if you wait a year or two, you can get an almost-new GM car for 2/3 the MSRP. Sometimes even less. Hey Andre, what was the original MSRP of the 1988 Buick Park Avenue? My old car encyclopedia says the original MSRP was $19,494. I knew a guy at work who had one, before I knew him. He paid something like $22K for it, but it had leather and a sunroof. I just remember him carrying on about how he only got $5K in trade for it, 4 years later, when he got an Acura Integra.
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Replying to: andre1969 (Oct 30, 2009 2:05 pm) Yeah, those Park Ave's have horrid resale value. Granted they had extremely overpriced MSRPs too. I just check on autotrader, our local Buick dealer has an 03 PA with 41k miles and they are asking $11,900. Sad considering our local Honda dealer has an 03 Civic EX coupe with 69k and they are asking $10,500 LOL.
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Replying to: andre1969 (Oct 30, 2009 2:05 pm) 2/3? More like 1/2 on or even less on many of GMs loser models like a 3.8 powered Lucerne, older body style Malibu, the Impala, and Grand Prix, Trailblazer etc. Lots of 07 and 08 Grand Prix's around here for $12k or so with low miles. That's pretty close to 1/2 of a new one, depending on options etc. I bought a one year old Expedition last year for just over 1/2 what a new one would cost. $4.50/gal gas saved me thousands. Granted I had to kick and scream to get $4k out of my '00 Suburban with 105k miles on it.
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Replying to: dieselone (Oct 30, 2009 2:35 pm) Let some other guy eat the initial depreciation. It'll depreciate in years 3-13 about $9K, which is pretty much what it did in the first three years. A Civic, by comparison, will also have lost about 9K in value in ten years. But I know which gives me more features and safety and a better ride. |
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Replying to: lemko (Oct 30, 2009 1:50 pm) I can accept that you got married. I'm OK there. But YOU SOLD THE PARK AVENUE? I'm worried about you...
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Replying to: dieselone (Oct 30, 2009 2:28 pm)
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Replying to: fezo (Oct 30, 2009 2:57 pm)
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Replying to: lemko (Oct 30, 2009 3:05 pm) I'm good if that's right. For those of you keeping score at home..... |
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Replying to: lemko (Oct 30, 2009 3:02 pm) I'm with ya there. At first, '03 doesn't seem all that old, but now that the '10's are out, that's 7 years old! My first car,a 1980 Malibu, was 7 years old when my Mom gave it to me, and that was free! So I guess I have trouble wrapping my mind around the idea of paying 5 figures for a 7 year old car! And back then, styling seemed to advance much more quickly, so that 7 year old Malibu just seemed old. The Taurus was out by then and made it look positively ancient, but even cars like the Celebrity, '83-86 small LTD, Dodge 600/Plymouth Caravelle, etc, seemed newer. But today, your typical '03 car doesn't look older than a '10...just different. As for pricing, that 2003 Park Ave could have been pushing $40K MSRP, so it's down to about 25%. And I'm sure you could get them to go lower. It might actually be pretty nice, taking into account the low mileage.
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