Originally Posted by FP
Ben, I don't want to come across as argumentative. Like Mediacritic said, cars are never a good investment. All I'm saying that the XF has seen most of it depreciation, like most cars do in their first 3 years. On top of that, the car is devalued. Some of us were lucky and bought at devalued prices. So if someone is considering a to buy now, it's not a bad time to buy. IMO the crossfire will continue to depreciate, but at the same rate any car is depreciating now. I went to the KBB site and I get a different trade-in price. I get $23,500 but I know this means squat when trading a car, but that's what the book gives me. Retail is above $29K which we know is high. Here are the parameter I used;
2005 XF LTD, Roadster, Excellent condition, 8K miles, MP3 player, and NAV.
FP... There is no argument from my end either, but I do think you are misinterpreting what I wrote and are mixing apples and oranges. You are linking me to a point of view about cars never being a good investment and how people who bought low haven't depreciated that much etc.
I never addressed those points. MYCROSS asked,
"how much the equivalent Mercedes has depreciated". I answered him with information I got from KBB and compared it to the 2004 Crossfire. You in turn asked,
"So if you paid $25,000 for a roadster a year ago, what is that same car worth today". Again, all I did was give the information from KBB that you asked about.
The reason for the difference in our KBB prices is because we put in different information. I punched in that the car was in "good" condition (less than 5% of cars are really in excellent shape, even tho we all think our cars fall in that excellent category). I used the normal mileage of 35k, you used 8k. I did not add any special features as you did. Also the location of the car has a bearing on it's worth...