Everyone knows that the Crossfire prices are at an extreme LOW right now. But, everyone on the forum is also saying that they will pop back up, soon, when people realize this is a collector's car because of it's limited production and unique design. So, how long is everyone expecting these prices to remain as they are? Or, even possibly drop lower?

 

I'm guessing in two more years if the Dems get in office, this will pop the housing bubble, and then people will be hard up for cash as interest rates go up again, and then prices will start dropping even lower on the crossfire. Most likely you'll be able to pick up a low mileage (20k mile) car for $10 - $13,000.

 

Frankly, I think the prices on this car have leveled off. Prices on XF have been fairly stable for the last 12 months. IMO, I think they will continue to depreciate like any other car from this point forward. As far as increase in value? Only time will tell if this car becomes a classic. It certainly has the uniqueness.

 

I totally agree.

 

I'm just curious about how much the equivalent Mercedes has depreciated. What was the selling price of a 2005 roadster and what are they selling for now?

 

I used the 2004 Crossfire for comparison with a 2004 SLK 320 since that was the last year the SLK 320
was built.

The Crossfire has dropped in value more than the SLK 320. Using MSRP and current KBB trade-in values,
here are some figures I came up with...

2004 SLK 320 (auto w/49k miles and in good condition)
New: $45,000
Current trade-in value: $24,415
Loss: $20,585 = 45.75%

2004 Crossfire (auto w/49k miles and in good condition)
New: $36,000
Current trade-in value: $15,085
Loss: $20,915 = 58.25%

Note: the figures change for private party and retail values, location and mileage.

 

Hey guys,
This is just my opinion, but I can say that right now is the time to buy for no other reason that its over. There aren't going to any more Crossfire's. The thing that hurt sales wasn't the car, it was the name on the price tag. If they would've been $25,000 - $30,000 it would've sold. Then the superchargers came and the tops came off and the prices just kept climbing. Because of the #'s of cars out there, they are fairly rare. But $47,000 for a supercharged CHRYSLER coupe is a little heavy. C-5 Corvette, Boxter???
***Chrysler just sent around 50-75 New 2005 SRT-6 coupes through the 5-Star used car auction. These were inventory reduction cars that were taken off the books before the parting from Daimler. I have 4 SRT-6 coupes left in my inventory (2 Blue, 2 Charcoal) with under 50 miles in-service dates from late Feb. 2007 for $27,999.***
My dealership sold 20 (assorted) Crossfire's in May. The prices dropped, and word is spreading. Once these cars are gone, I feel that the price will level out if not go up. We are already seeing a slight increase in Auction results. I personally can't see a SRT-6 ever dropping below $20,000.

If you have any questions on any of the cars I've mentioned please feel free to call me. 419-302-1691.

 

Yes, but I would like to know what the depreciation has been for both cars in the last 12 months. Most of the depreciation on the XF was prior to 2006.

 

I don't know where to find that information or how to figure it out. But the bottom line is the Crossfire has lost more value than
the SLK 320. If you want to compare the two cars, it has to be done with the '04 models since that was the last year the 320 was
built and both sold at MSRP. Anything after that your dealing with devalued prices for the Crossfire which won't give a true answer
to the original question...

 

I understand what you're saying Ben. My point is that for folks who put out cash a year ago or so for a car that was already devalued has not lost much money to depreciation based on their cash lay-out. So if you paid $25,000 for a roadster a year ago, what is that same car worth today.

 

FP - I have a '05 limited roadster I bought new in December of '05 for $27k. With only 2k miles on it I bet it's worth close to what I paid for it, What do you think?

 

there is one advertised in my local newspaper:

'05 limited roadster, 5k, asking $23,000.

 

2005 Crossfire Limited Roadster (auto w/35k miles and in good condition).

Paid: $25,000
Current trade-in value: $19,835
You've lost: $5,165 = 20.25%

Here's the link for Kelly Blue Book: http://www.kbb.com/

 

This is getting depressing.

 

Cars are lousy investments you guys. These won't be worth much at all for a very long time, and then only if you keep it in good repair and top condition (which in itself will be expensive as the years go on and stuff starts to fail).
A wise financial decision would have been a lightly used Corolla with the intention of keeping it for 400,000 miles, not a Crossfire. Still, owning one brings other rewards!

 

Mediacritic, well put.

 

Hear Hear Media.

A Corolla could never put a smile on my face.

 

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.

 

I guess the point I was making was I purchased my xf 2.5 years ago and if I wanted to sell it myself on e-bay I could get around 24k-25k which is about what I paid. I can't think of any other car I've bought new that I could retail out for a 2k loss after 2.5 years.

 

Agreed, good statement. I use mine as a primary ride right now but, I don't ever intend on selling it, I hope it will eventually become some sort of project car sitting in my garage next to the proverbial Corolla. The rewards are great! (IMO).