- #1331 of 4110
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Re: what effect will this have on used market? [kathyc2]
by isellhondas
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Jul 01, 2009 (1:35 pm)
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Replying to: kathyc2 (Jul 01, 2009 12:59 pm)
Highly unlikely you'll get what Mr. Kelly is telling you.
These were very slow sellers when new and near impossible to sell as used cars especially now since the recent news about Pontiac.
Maybe you'll get lucky!
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- #1332 of 4110
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Re: what effect will this have on used market? [kathyc2]
by Mr_Shiftright HOST
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Jul 01, 2009 (1:37 pm)
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Replying to: kathyc2 (Jul 01, 2009 12:59 pm)
I don't think very many cars these days are meeting Kelley's retail pricing. KBB tends to be rather high even in the best of time.
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- #1333 of 4110
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Re: what effect will this have on used market? [Mr_Shiftright]
by isellhondas
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Jul 01, 2009 (1:45 pm)
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Replying to: Mr_Shiftright (Jul 01, 2009 1:37 pm)
Used car pricing has gone through some real ups and downs recently. As the car manufactuires have cut back production, certain popular used cars are selling for a lot more then they were a couple of months ago.
As an example, we are PAYING as much at the auction for some cars then we were SELLING them for recently. Just the market and the "books" can't begin to keep up with the changes.
As a rule of thumb, cars that few people buy when new are usually dogs later as used cars. Nobody wants them even at distressed prices.
It takes a very astute Used Car Manager these days to avoid making a buying mistake. Yesterdays hits don't always win today's ball games.
Best example of this were the "flash in the pan" PT Cruisers.
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- #1334 of 4110
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Re: question regarding this program. [Mr_Shiftright]
by gagrice
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Jul 01, 2009 (1:52 pm)
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Replying to: Mr_Shiftright (Jul 01, 2009 12:11 pm)
Take mass transit away in America and the country would collapse into utter chaos.
I think we will have bigger problems with the cut backs in police protection. Many cities are doing just that. Chicago is one of them and it is becoming a war zone. Little girls mowed down on their front yards. Something has to give in this growing welfare system you seem to enjoy. People need to pay for the services rendered. If a bus ride across town cost $10 that is what a person should pay. I dare say that is still a lot cheaper than owning a car. Giving senior discounts on the bus makes about as much sense as the C4C bill. That would be ZERO..
We are not old enough to have EVER experienced unregulated capitalism. I am not sure that any country has ever tried it.
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- #1335 of 4110
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Re: what effect will this have on used market? [isellhondas]
by kathyc2
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Jul 01, 2009 (2:10 pm)
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Replying to: isellhondas (Jul 01, 2009 1:35 pm)
I think it depends on the market. I've had dealers tell me Torrents like mine are going at 11 to 12.5 at auction, and KBB has mine in excellent condition at 12,675. I had worked out a deal Saturday where I was paying 300 over invoice, keeping rebates and getting full value on trade. I'm a 4 time repeat customer and use their service department, so I'm sure that factored in. Problem was, the dealer didn't have the Vibe in stock that I wanted and couldn't find a dealer willing to trade. I guess the dealers all thought the 09 Vibe was too hot to part with. Today GM announced 2,500 rebates on 2010 also, and I bet the dealers wish they didn't have their 2009's. Only pricing difference is 10's don't have the extra $500 dealer rebate.
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- #1336 of 4110
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Re: what effect will this have on used market? [kathyc2]
by Mr_Shiftright HOST
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Jul 01, 2009 (2:22 pm)
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Replying to: kathyc2 (Jul 01, 2009 2:10 pm)
I think you are about $1500 too high on your Torrent expectations...but that's just my two cents. Unless it's an AWD, then you are pretty close to private party retail.
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- #1337 of 4110
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Re: question regarding this program. [gagrice]
by Mr_Shiftright HOST
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Jul 01, 2009 (2:24 pm)
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Replying to: gagrice (Jul 01, 2009 1:52 pm)
Well after decades of unabated and massive corporate welfare I think I'm ready to see the handouts "trickle down" to us for a change. Let's call it "trickle down welfare" just for the irony of it all. I'm ready for a free lunch now that all the Big Boys are totally sated. I'll start with a C4C appetizer and then wait for the entree later.
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- #1338 of 4110
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Re: question regarding this program. [Mr_Shiftright]
by gagrice
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Jul 01, 2009 (2:38 pm)
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Replying to: Mr_Shiftright (Jul 01, 2009 2:24 pm)
Sadly the corporate welfare is alive and well. And the welfare at the bottom. It is those of US in the middle that will pay a higher percentage to keep all these welfare programs going. If you are a middle class tax payer as I am. Taking advantage of the C4C makes good sense. As you may get a bit back that you are going to pay for. Not to mention your children and grandchildren.
By the way subsidies to corporations are not a tenet of capitalism. It is socialism to the max.
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- #1339 of 4110
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Re: what effect will this have on used market? [Mr_Shiftright]
by kathyc2
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Jul 01, 2009 (2:39 pm)
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Replying to: Mr_Shiftright (Jul 01, 2009 2:22 pm)
Gee, you sound like a dealer that is trying to get me to pay more than I want to. 
It is AWD and pretty loaded other than leather.
My point though is that I see the used market prices going up.
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- #1340 of 4110
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Re: what effect will this have on used market? [kathyc2]
by gagrice
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Jul 01, 2009 (2:50 pm)
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Replying to: kathyc2 (Jul 01, 2009 2:39 pm)
Do you think you will be happy going from a nice big Torrent to a tiny Vibe? You will be hard pressed to make an economical case for the trade. Do you ever use the AWD? I might add it has nothing to do with the Cash for Clunkers program. Unless you think it might make trade-ins more valuable. That I am not sure of.
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