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Car Buying, Car Comparisons, Car Values, Coupe, Convertible, Truck
#19 of 58 Re: Kelley Blue Book [lemmer]
by MrShift@Edmunds HOST
Aug 11, 2008 (2:24 pm)
47% after 3 years doesn't strike me as so great.
#20 of 58 what I can't understand
Aug 11, 2008 (5:16 pm)
is why Honda owners and dealers treat their used cars like they are gold-plated, and not ONE Honda is on any of these lists except the CRV on that very first one.
Just go out and try and find ANY Honda Civic for 47% of its original price after three years and typical miles. I defy you to do that. The only ones selling that cheap are the ones without A/C, few and far between and just about impossible to resell here in California.
#21 of 58 Re: what I can't understand [nippononly]
Aug 11, 2008 (6:10 pm)
I wonder about that. I have never had the least trouble selling a well used Honda. When I was selling my 87 Nissan Maxima wagon years ago I was stunned at how much less I got in the way of response. I would have put that Maxima up against anything comparative from Honda but perception is everything I guess.
That is a funny list. I do think the fact that so many are cars with no competition is the common thread.
I can't imagine VWs being that high on resale. I'd need a heck of a warranty to ever think about such a thing.
#22 of 58 Re: Kelley Blue Book [Mr_Shiftright]
by Stever@Edmunds HOST
Aug 11, 2008 (6:49 pm)
Kelley is dealer asking price. TMV is based on actual selling prices.
Then there's supposedly more than one Kelley book out there.
What is the "Kelley Blue Book" Price?
In the real world, Miatas would be in the top 3 or 4 on any of these lists.
Ateixeira/Juice has three buyers lined up for his old one right now.
Aug 11, 2008 (8:09 pm)
How can the BMW 1 series be on this list? It's a new model for 2008. No one knows what it'll be worth in a few years.
And why is the Civic Hybrid on the list, but the Prius isn't? Both those cars are selling for unbelievable used prices right now. Even the discontinued Honda Insight is worth a fortune these days.
#24 of 58 Re: Bogus [1stpik]
Aug 12, 2008 (5:30 am)
This is one of the reasons why leasing is losing favor with the car companies - predicting lease residuals is a form of gambling.
#25 of 58 Re: Bogus [lemmer]
Aug 12, 2008 (6:23 am)
Do the leasing companies ACTUALLY throw darts at a board to determine residuals??!!
#26 of 58 Resale Value
Aug 12, 2008 (6:49 am)
The resale has nothing to do with real value. It is all about "Perceived Quality"
It is hard to change someones mind when they believe a Honda is better
than say a Chevy. No amount of hard facts will convience them.
Also you pay more for a Honda to begin with it should be worth
as a percentage in resale
Aug 12, 2008 (8:52 am)
I think the BMW Series 1 will be a good gamble,however.
Civics are desirable, as are Miatas, but they are a dime a dozen. The used car market is flooded with them. This HAS to have an effect on resale.
#28 of 58 Re: Bogus [Mr_Shiftright]
by Stever@Edmunds HOST
Aug 12, 2008 (9:03 am)
You'd think so but around here people want $2,000 or more over TMV for a run of the mill Miata. They seem to be getting their price too even on the older, high mileage model ones. Fuel prices popped demand up on them as well.
There's a '91 in today's Craigslist here with an asking price of $3,500 - more than twice Dealer Retail TMV assuming it has high miles (the ad doesn't say, so I'm assuming over 120k on it). Other ads I've watched for the last couple of years have similar prices, and the one I passed on got sold for crazy money.