Last post on Sep 02, 2008 at 9:40 AM
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#75 of 94 Re: It's so easy... [gagrice]
by Kirstie@Edmunds HOST
Jun 26, 2008 (6:50 am)
Ahem... again... let's just leave politics out of it since nothing in the title of this discussion implies that ideology conversation is relevant.
#76 of 94 Downsizing
Jun 26, 2008 (7:42 am)
I sent Edmunds.com an email a few days ago asking them to write an article about the surging demand for hybrids and the disappearing demand for SUVs.
No response yet, but I hope they follow up.
They have a top 10 list of cars with the highest residual value. No hybrids listed, and the highest of the 10 is the Mini Cooper with about 60% after 5 years / 60K miles. But I know that used Priuses are retaining more than that, and I suspect that used Insights are, as well.
Used '06 and '07 Civic Hybrids are selling for almost full MSRP. I did a search on autotrader.com, and I had to click "500 mile radius" just to find some. Only found six for sale, and they range in price from $23,000 to $18,000.
The $18,000 one is a 2006 with 48,000 miles. Now, how many cars could you drive for 2 years and 48K miles, then sell for 80% of their retail prices? Plus, have the federal gov't pay you $2,100 for buying them in the first place?
#77 of 94 I Think...
Jun 26, 2008 (1:10 pm)
The tax credits are running out at Honda, and they've expired at Toyota for a while; the only hybrids that still have small tax credits left are GM, Chrysler, and Ford...
I'm pretty sure the less well off Escalade drivers are on leases that they can't get out of..
Only more reason to find a clean, old Honda or Toyota to use as a daily driver and finish out the Escalade lease..
On the flip side, my neighbor just traded a QX56 for a Sequoia.. They're small business owners, though, and probably write a little bit of the cost off for the cars, and they don't seem to mind the extra in gas.. (their other car is a GX470.. I sometimes wonder why they think they "need" 2 SUVs for 2 small kids)
#78 of 94 If $4.50 gas puts you in a teeny 4 Banger today -
Jun 26, 2008 (6:25 pm)
What will $7 gas put you in around 2010?
#79 of 94 Re: If $4.50 gas puts you in a teeny 4 Banger today - [euphonium]
Jun 27, 2008 (3:39 am)
A 72-passenger bus?
Of course if fuel costs rise to that ridiculous level, I don't think you'd have to worry about commuting to work as you most likely will be unemployed as the oil barons and speculators ran the economy off a cliff.
#80 of 94 Re: I Think... [jchan2]
Jun 27, 2008 (3:43 am)
Better yet, get a nice 20 year-old Buick Park Avenue with the 3.8 V-6!
#81 of 94 Re: I Think... [lemko]
Jun 27, 2008 (4:28 am)
Or a nice 15-year-old Geo Metro with a 1.0 3-cylinder!
#82 of 94 Re: My story [au1994]
Jun 28, 2008 (4:35 am)
So our plan is to go to the dealer this weekend and trade the Ram and Passat for the T&C and a used PT Cruiser. If my numbers are met we will actually be paying less
You will never pay less when you trade in, for two vehicles you are taking a hit of 4-5 grand - that is enough gas to driver Ram for a year.
#83 of 94 Re: My story [au1994]
Jun 28, 2008 (5:59 am)
I would trade the Ram if you really need the Mini-van. The PT Cruisers get poor mileage and like the VW have very poor resale value
It seems like a strange swap. Keep us posted how you make out at the dealer.
#84 of 94 Re: If $4.50 gas puts you in a teeny 4 Banger today - [euphonium]
Jun 28, 2008 (1:53 pm)
a Chevy Volt?
I guess people will just have to budget more for gasoline- either that, or move closer to where they do most of the stuff. Lifestyle changes will be the next move...
And not everybody is downsizing straight into the Versas and Civics of the world. You see a lot of people making a milder jump from a Suburban down into say, an Enclave or Highlander, and the Highlander drivers jumping to Accords and RAV4s, and those drivers jumping down into the Civics and Versas. I doubt very many people are jumping directly from a Suburban into a Nissan Versa.