I just bought an '06 Limited Roadster with nav and paid $29,900, which was $12,800 off sticker. Knowing the Crossfire will be, or is discontinued, I bought it anyway. Now a day later, I am having regrets and worrying I will lose my a$$ two years from now when I trade.

I realize the people who purchased before the price decrease took a beating. My thought was; because they are now priced reasonably, depreciation should be no worse than any other car.

Thoughts?

 

Why would you get rid of it in 2 years?
Do you normally buy cars and get rid of them in a couple of years?
Maybe you should have leased one?

Used is usually the best bet. You could have bought forum member kmag52's '05 limited roadster with ~ 2,200 miles for $25,900 (I think).

 

Yes you will get your *** handed to you, even @ 33% of sticker.
Probably worse for the coupe.

 

Do a comp on another $30,000 car, and estimate what they both will be worth in 24 months. Let's say a $30K Ford or Chrysler.

 

[Deleted Message

 

Was your grandpa Yogi Bera?

 

I hope the Crossfire depreciates like any other car. That's my worry, it will depreciate at a greater rate. I just don't get it, this is a great car! $30,000 seems reasonable, why would it depreciate so quickly?

 

ALL cars depreciate...If worrying about how much the car will depreciate in two years is your main concern, you should buy a Honda.

If you wanted to get a great little car at a value price and enjoy the ride, you made the right choice.

 

like the last poster said, i don't think that depreciation should be your main concern when getting a car that isn't exactly a minivan. However, if you'd like to know, i bought my '04 Crossfire 8 mo. ago, with 30k on it, (with replaced, brand new tires.) for $16,990. Whoever owned it may have driven it a LITTLE on the heavy side, but its practically mint cond. ppl who aren't familiar with Crossfires NEVER think its 3 years old.
...so i guess that you could be right about the depreciation factor, - though i don't see why such an awesome little car wouldn't hold more value.
However, i personally am going to enjoy my xfire to the fullest, and worry about how much of my 16, 990 im going to get back after many, many years of driving.
tall_girl

 

Depreciation is relative to supply and demand, other market factors (like gas prices which are ramping up nicely now here in Calif), and the fact that dealers don't want to deal with the Crossfire anymore. So, dealers definitely won't give you squat for them. Enthusiasts would be the best shot at re-sale if it comes to that... 2 years may be too soon for turnover unless gas hits $5 a gallon. Crossfires aren't overly fuel efficient, and weren't designed that way. I don't know why it's like this currently, but Ebay has 73 (yes 73) Crossfires up for sale right now. One dealer purportedly has 14 new 2006 models available "in stock" (brave dealership apparently). So, that dealership will be pretty motivated to reduce inventory. You probably could have gotten a better deal with that sort of "glut" going on right now. $29K could get you a nice SRT6... Actually $26K has been an average on some good deals for those (coupes) instead of the Limited rag-tops. Just go out and enjoy the car and put the rag top down now that it's spring. Fret about the $$ and value later.

 

How about...
1.) I don't care because I like it, and I didn't buy it for an investment.
2.) You don't realize a loss unless you sell.

 

We purchased the Crossfire Roadster because we liked it best out of all the convertibles (other than the Corvette). I had been eyeballing the Saturn Sky Redline since it was introduced, it's a sharp looking car with the top down, but just ok with the top up. But when you can buy a Crossfire with a V6 compared to a 4 cylinder for less, and it looks 100% better than any other convertible in it's class with the top up or down. It was a no brainer for us.
Actually my wife wanted the Crossfire roadster in August 2004 before she purchased her 300c. At that time I wasn't willing to use my 2003 Ford Harley Davidson Super Crew as the daily family hauler and I didn't want to pay $42,000 for the Roadster. Now all the kids have their own cars, hardly go anywhere with us, and the Ford Harley Davidson has been replaced with a Jeep Grand Cherokee. She was now ready for her new toy and when the local dealer advertised the '06 Limited Roadster for $28,500 we jumped on the opportunity and got a good trade from the 300c to boot.

 

I actually have no plans of getting rid of my car. It is a fun car, drives great and my 3 year old son has already made claims on it.

Some buy cars for investment reasons - I bought this car for the looks and the fun it has brought me and my family. This car will be like my 64 1/2 Mustang me and my father built together when I was in highschool- with me forever...

 

Best In The West !!!

 

No car holds its value, unless it's something really special like a Gullwing Benz or a Chrysler Turbine, also it should have a real racing history. The Crossfire hasn't got what it takes to be super collectable car, except in the eyes of its owners.

The only Crossfire that I can think of that will have a good resale value is the SRT6, but the most valuable will be the SRT6 Convertible, and if you could find a Banana colored SRT6 Convertible, with cream interior, it will be worth its weight in gold! lol.

 

They didn't make the SRT6 in yellow. LOL.

 

Yeah-huh they did. And it's front wheel drive!

PS - if you haven't seen the thread about the fwd xfire than pay no mind to the above statement.

 

How much does a Bricklin in prime condition go for? A DeLorean?

If you bought the Crossfire to flip it in a couple years, you'll be disappointed. You should have bought a Nissan or a Toyota. They hold their value better.

If you bought a stylish, beautiful convertible to enjoy driving, then you made the right choice. I bought mine new on purpose because I wanted to be the only driver. I expect to have it in 20+ years (not unlikely, as I still have a '77 Goldwing) and my only concern is parts availability and service.