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car prices are still droping ???

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Old Dec 2, 2010 | 10:26 AM
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Default car prices are still droping ???

wow just looked around on autotraders cant believe how many cars below 9K
 
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Old Dec 2, 2010 | 10:55 AM
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Default Re: car prices are still droping ????

Awful lot of miles on those cars.
 
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Old Dec 2, 2010 | 11:18 AM
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Default Re: car prices are still droping ????

Cars are now 4-6 years old and many are well over 50k miles, so lower prices are normal. Also, two seater sports cars don't sell well in the winter. Cars are not really investments (unless you own that original Shelby GT500 convertible), so don't expect any appreciation as they age.
 
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Old Dec 2, 2010 | 01:37 PM
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Default Re: car prices are still droping ????

You only need to worry about resale value if you intend to sell. As far as I'm concerned my car is still worth the $35K I paid for it.
 
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Old Dec 2, 2010 | 04:01 PM
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Default Re: car prices are still droping ????

Originally Posted by Uncle_Al
You only need to worry about resale value if you intend to sell. As far as I'm concerned my car is still worth the $35K I paid for it.
Amen to that.

I own three crossies. One I paid $27K with the extended warranty. the other two I stole. All give me the same kick when I drive them. All are worth every penny I paid.

That said,


There is a good way to make a small fortune in the sport car business.


Start with a large one.



roadster wit a stick
 

Last edited by Franc Rauscher; Dec 2, 2010 at 05:08 PM.
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Old Dec 2, 2010 | 04:08 PM
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Default Re: car prices are still droping ????

Originally Posted by Franc Rauscher
One I paid 427K with the extended warranty.
Oh man, they must have seen you coming. Why didn't you just pay full price for 12.2 new ones and moth ball the other 11.2 until they were needed?
 
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Old Dec 2, 2010 | 04:49 PM
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Default Re: car prices are still droping ????

Originally Posted by Uncle_Al
Oh man, they must have seen you coming. Why didn't you just pay full price for 12.2 new ones and moth ball the other 11.2 until they were needed?
His has a solid platinum chassis and matching dash.
 
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Old Dec 2, 2010 | 04:52 PM
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Talking Re: car prices are still droping ????

Iam guessing he missed the POINT, hee hee. Woody
 
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Old Dec 2, 2010 | 04:59 PM
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Default Re: car prices are still droping ????

Originally Posted by Ed Mahoney
wow just looked around on autotraders cant believe how many cars below 9K
I'd like to change my response to: "Yea, you are right". I'm seeing 45,000 mile limited roadsters for $5-6K less than I paid. Sure, some dealers are STILL in la-la-land... but there HAS been a downward trend the past six months or so.
 
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Old Dec 2, 2010 | 05:09 PM
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Default Re: car prices are still droping ????

Originally Posted by Uncle_Al
Oh man, they must have seen you coming. Why didn't you just pay full price for 12.2 new ones and moth ball the other 11.2 until they were needed?
Car is as normal as any. It's one hell of a warranty.

Thanks for spotting that. ialmost never make a tiyopi.


roadster with a stick
 
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Old Dec 2, 2010 | 06:23 PM
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Default Re: car prices are still droping ????

Originally Posted by Franc Rauscher
Car is as normal as any. It's one hell of a warranty.

Thanks for spotting that. ialmost never make a tiyopi.


roadster with a stick
now that's funny....I know why your lovely spouse keeps the books...lol
 
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Old Dec 2, 2010 | 06:47 PM
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Default Re: car prices are still droping ???

I guess if you're a car flipper this may bother you. I usually drive a car until it's worthless. I got a $51,380 low production super charged Mercedes disguised as a Chrysler convertible for $27,500. What it is worth now is of no concern to me. As for you other guys who paid sticker, well, I can see why you're a little perplexed but you still drive a very cool car and get the added benefit of a cool forum. It's like a custom Benz for god's sake, if others don't appreciate it, well, I feel sorry for them.
 
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Old Dec 2, 2010 | 06:50 PM
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Default Re: car prices are still droping ???

Originally Posted by Mr. Max
I guess if you're a car flipper this may bother you. I usually drive a car until it's worthless. I got a $51,380 low production super charged Mercedes disguised as a Chrysler convertible for $27,500. What it is worth now is of no concern to me. As for you other guys who paid sticker, well, I can see why you're a little perplexed but you still drive a very cool car and get the added benefit of a cool forum. It's like a custom Benz for god's sake, if others don't appreciate it, well, I feel sorry for them.
I agree...you are only peeved if you bought it, thinking it would "appreciate"....but in the real world just about all car "depreciate"....there are those few muscle cars and exotics that can appreciate in value...but, I don't think you will "make" money on these babies...with that said, I will take $35K for either of my cars....$60K and you can have them both...lol
 
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Old Dec 2, 2010 | 07:05 PM
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Default Re: car prices are still droping ???

Originally Posted by oledoc2u
I agree...you are only peeved if you bought it, thinking it would "appreciate"....but in the real world just about all car "depreciate"....there are those few muscle cars and exotics that can appreciate in value...but, I don't think you will "make" money on these babies...with that said, I will take $35K for either of my cars....$60K and you can have them both...lol
Oledoc, While I'm not counting on it. The SRT6 roadster does have all the earmarks of a future collector car. It has a story, the MB/Chysler marriage. It has really low production numbers, it's high performance (AMG) with a custom body made by a body icon, which I believe is now defunct and lastly, the top goes down which make the price........yeh, you know.

I may not be alive when all this speculation occurs, but I don't think it's out of the question.
 
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Old Dec 2, 2010 | 07:18 PM
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Default Re: car prices are still droping ???

Originally Posted by Mr. Max
The SRT6 roadster does have all the earmarks of a future collector car.
And the guy at United Bank in Griffin, Georgia who does auto financing told me the same thing. He said even the Base and Limited N/A Coupes and Roadsters fit the bill a BIT, but that the SRT6 REALLY does.
 
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Old Dec 2, 2010 | 08:22 PM
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Default Re: car prices are still droping ???

Originally Posted by pizzaguy
And the guy at United Bank in Griffin, Georgia who does auto financing told me the same thing. He said even the Base and Limited N/A Coupes and Roadsters fit the bill a BIT, but that the SRT6 REALLY does.
He's a banker, what do they know. They got us into this mess.
 
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Old Dec 2, 2010 | 08:42 PM
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Default Re: car prices are still droping ???

Originally Posted by onehundred80
He's a banker, what do they know. They got us into this mess.
While I'm no friend of bankers, you guys on the left act as if those fellows who stoked the fire actually started the fire. I know you're well versed on the Community Reinvestment Act. I would like to parody John Lennon's "imagine" where there were no bad loans made because they couldn't be sold on the secondary market but I'm just not that creative.
 
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Old Dec 2, 2010 | 09:20 PM
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Default Re: car prices are still droping ???

Originally Posted by Mr. Max
While I'm no friend of bankers, you guys on the left act as if those fellows who stoked the fire actually started the fire. I know you're well versed on the Community Reinvestment Act. I would like to parody John Lennon's "imagine" where there were no bad loans made because they couldn't be sold on the secondary market but I'm just not that creative.
I'm joking with pizzaguy, jeez lighten up a little.
This was about car prices not the political forum.
 
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Old Dec 2, 2010 | 09:46 PM
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Default Re: car prices are still droping ???

in my area (central calif.), there's been a slight uptick in crossfire prices over the past 6-8 months. i've said it few times and there's plenty of naysayers here (too bad), the srt-6 WILL increase in value if kept in mint/low mileage condition. it wouldn't surprise me in the least if they double from today's prices in 10 years.
 
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Old Dec 3, 2010 | 03:43 AM
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Default Re: car prices are still droping ???

Originally Posted by onehundred80
I'm joking with pizzaguy, jeez lighten up a little.
This was about car prices not the political forum.
Unless you were accusing bankers of ruining the resale value of Crossfires (which could be a valid point) you weren't exactly on point either pal. I do have my Lewis Black moments when anyone mentions anything having to do with the economy.
 
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