- #116 of 654
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Re: I think next year [boaz47]
by gagrice
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Dec 29, 2008 (8:57 pm)
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Replying to: boaz47 (Dec 29, 2008 8:10 pm)
I just got an email from our Mercedes dealer. They have 50 cars that no reasonable offer will be refused on. They are showing 2009 E class MSRP $55k for $44k. They have 6 2009 ML 320 blutech diesels showing. I think I will go have a look. I could be tempted if they are really desperate to sell. I have to go test drive the BMW X5 diesel first as they may be my first choice. It may be the time to deal or maybe the end of January will be even more brutal.
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- #117 of 654
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Re: I think next year [gagrice]
by nippononly
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Dec 29, 2008 (10:45 pm)
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Replying to: gagrice (Dec 29, 2008 8:57 pm)
They are going to offer you next to nothing in trade for the Sequoia though - it is less than 2 years old, still in its steepest depreciation period, and used cars in general have dropped a lot in value in the last 6 months. I assume you are thinking of trading it, right?
When Mercedes dealers get this desperate, how bad must it be for the Ford and GM dealers?
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- #118 of 654
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Re: I think next year [nippononly]
by gagrice
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Dec 30, 2008 (5:50 am)
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Replying to: nippononly (Dec 29, 2008 10:45 pm)
They are going to offer you next to nothing in trade for the Sequoia though
I don't do trade-ins. I will put it on Craigslist and I will get what I want or keep it. I think if gas stays cheap another couple months people will buy it. Still the best vehicle Toyota ever built. Ask what the sales managers of most Toyota stores buy. The Sequoia is Number One choice. The 2007 was so much better looking than the 2008. I look at Auto Trader and they are rare in 4X4 Limited. The few listed by dealers are priced over what I paid new. Most have more miles than mine also. I have not passed 8000 miles yet.
Even getting a great deal on a Mercedes I would have to keep it. I don't think it will hold its value like a Toyota.
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- #119 of 654
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When things are REALLY DESPERATE!!!
by lemko
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Dec 30, 2008 (7:20 am)
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"$99 Down! $99 a month on new Mercedes-Benzes and BMWs at the Cherry Hill Triplex!" "Bad Credit? No Credit? Bankrupt? In prison? NO PROBLEM!!!" 
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- #120 of 654
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Re: When things are REALLY DESPERATE!!! [lemko]
by gagrice
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Dec 30, 2008 (7:33 am)
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Replying to: lemko (Dec 30, 2008 7:20 am)
What does that tell you about Buick and Cadillac? When you have to have 1/3rd down for anyone to loan on them. Times are tough in the car business. There are lenders with money to loan. They just don't want to be stuck with cars that have NO value after sale. All GM would have to do is offer a full size SUV with a diesel that gets close to 30 MPG on the highway and I would give them another chance. Though I don't think they have gotten any better since 2005. I was not that impressed with the luxury of the 2007 Escalade I took for a test drive. It handled nicely. Seats felt like cardboard. The 2006 Escalade was much more comfortable seating. Like I told you the last Cadillac car I liked was the 1958 Convertible. All down hill since then.
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- #121 of 654
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Re: When things are REALLY DESPERATE!!! [lemko]
by nippononly
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Dec 30, 2008 (8:30 am)
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Replying to: lemko (Dec 30, 2008 7:20 am)
You definitely get the sense that there is a lot of desperation out there among dealers. We have a dealer here that is offering any used 2007 or newer vehicle from his lot for $0.01 if you buy a new Dodge Ram at MSRP. Whoa!
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- #122 of 654
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Re: When things are REALLY DESPERATE!!! [gagrice]
by boaz47
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Dec 30, 2008 (10:44 am)
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Replying to: gagrice (Dec 30, 2008 7:33 am)
I agree with you part of the problem the dealers are having is people trying to trade in a car. It is better to pay the sucker off and keep or sell it outright. In truth you don't make money in a resale and even the best resale would break even. But still you have paid to drive the vehicle $xxx.xx a month. With a paid off vehicle you only pay for repairs and gas. Like my Tahoe I can afford to keep it even if gas were $4.00 because I only drive it to tow or haul or if I want to take someone out to dinner and I want to go in comfort. Little cars aren't much for social engagements when women have to wear a new dress. we don't do that as much with the economy like it is but we used to.
Leasing or trading in every three years is like renting an apartment. Sure you have a nice place to live but it is never "yours".
What is good about things right now is you can get a very nice used car at a discount that will make many of us drool. People bought over their head with their cars much like some did with their houses and I see almost new cars being sold every day. Things got so inflated that people stopped thinking about ever paying off their house or their car. Now that thinking has come home to roost.
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- #123 of 654
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down the tube in a different way
by steve_ HOST
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Jan 01, 2009 (9:53 am)
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"there will always be a need for dealerships to service those products. I think that those dealership that remain nimble and flexible will survive, but there will definitely be a 'thinning of the herd,"
One Small Town Dealership Feels the Pinch but Sees Hope in the Future
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- #124 of 654
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Re: down the tube in a different way [steve_]
by nippononly
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Jan 01, 2009 (12:40 pm)
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Replying to: steve_ (Jan 01, 2009 9:53 am)
I wonder if any dealers are terminating new car sales but continuing used sales and/or warranty service. None of the many I have read about have done that - they have all gone entirely out of business.
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- #125 of 654
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Re: down the tube in a different way [nippononly]
by fezo
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Jan 01, 2009 (12:44 pm)
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Replying to: nippononly (Jan 01, 2009 12:40 pm)
When GM killed Oldsmobile we had a dealership in county that did that - became a used car dealership. Maybe a year or so later they got a Chevy dealership.
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