Resale Value
Thread Starter
Joined: Dec 2004
Posts: 50
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From: I'm from the Chicago burbs
Resale Value
Hey everyone,
It's been a long time since I have posted anything (Time flies when life is busy). I am the kind of person who gets real antsy with cars and a car will be lucky if it lasts a year in my fleet. I try to put these feelings off with a good 5 coats of zaino to make it sparkle and I fall in love with the car again.
Well this past week I found myself aching for a 4x4 and started negotiating over the internet on an FJ cruiser. I got the price down to invoice on a loaded FJ. I love my xfire srt6 but I got the itch... What can I say.
The problem is that our SRT-6's resale value has seemed to drop to an unbelievable level... Carmax offered $16k and various dealerships are offering $17k. I think this is insane!!! KBB shows trade in value at $27k. I had several offers all in the same ballpark of $16-17k.
Personally I think this is an insult to this car and would never allow someone to steal it at this price.
Is it that the car dealerships are just ignorant to the difference between an SRT and a limited crossfire? or are our cars just loosing value like crazy?
Well it is probably a blessing in disguise to make me keep my srt. I'm going to detail it and take it out on the expressway and open her up to fall in love again.
I hope no one will let thier car go for this rediculous price and help us keep our value up. Hopefully the used car market will rebound and in time people will realize how special these cars are and that they are worth far more than what is being offered now.
It seems like a great time to buy an SRT though.. so if you are in the market for one, you can probably get a great price.
It's been a long time since I have posted anything (Time flies when life is busy). I am the kind of person who gets real antsy with cars and a car will be lucky if it lasts a year in my fleet. I try to put these feelings off with a good 5 coats of zaino to make it sparkle and I fall in love with the car again.
Well this past week I found myself aching for a 4x4 and started negotiating over the internet on an FJ cruiser. I got the price down to invoice on a loaded FJ. I love my xfire srt6 but I got the itch... What can I say.
The problem is that our SRT-6's resale value has seemed to drop to an unbelievable level... Carmax offered $16k and various dealerships are offering $17k. I think this is insane!!! KBB shows trade in value at $27k. I had several offers all in the same ballpark of $16-17k.
Personally I think this is an insult to this car and would never allow someone to steal it at this price.
Is it that the car dealerships are just ignorant to the difference between an SRT and a limited crossfire? or are our cars just loosing value like crazy?
Well it is probably a blessing in disguise to make me keep my srt. I'm going to detail it and take it out on the expressway and open her up to fall in love again.
I hope no one will let thier car go for this rediculous price and help us keep our value up. Hopefully the used car market will rebound and in time people will realize how special these cars are and that they are worth far more than what is being offered now.
It seems like a great time to buy an SRT though.. so if you are in the market for one, you can probably get a great price.
Forum Regular
Joined: May 2006
Posts: 385
Likes: 0
From: San Jose, CA
Re: Resale Value
Trade-in values for any car will suck. Best to sell private party.
The Crossfire has been officially axed by Chrysler. So, this may either help (rarity) or hurt (parts/service) the value over time. Only time will tell. Just get one for a good price and be happy. Imagine those that paid $40K plus for theirs years ago.
http://www.autoweek.com/apps/pbcs.dl...023/LATESTNEWS
The Crossfire has been officially axed by Chrysler. So, this may either help (rarity) or hurt (parts/service) the value over time. Only time will tell. Just get one for a good price and be happy. Imagine those that paid $40K plus for theirs years ago.
http://www.autoweek.com/apps/pbcs.dl...023/LATESTNEWS
Forum Regular
Joined: Nov 2007
Posts: 841
Likes: 0
From: Ocala fl
Re: Resale Value
The resale of the Xfire is bad always has been my friend bought a 04 when they came out Paid 34K AND IN 6 MONTHS it had 6K miles on it and all ahe coule get was 21K at carmax!
Senior Member
Joined: May 2006
Posts: 3,027
Likes: 5
From: Folsom, CA
Re: Resale Value
Having bought and traded a number of cars over the years (too many) I have discovered that what you see with KBB, NADA or any other source a consumer can use, the closest dealers come to the values indicated is fair to poor condition no matter how well you take care of the car.
The only exceptions are very high demand cars and even then it will be nearly impossible to get what is listed.
Dealers want to pay you wholesale auction pricing or jack up the price of the other vehicle. Generally when you hear what a great trade a person got, it usually means they paid more for the new one than they would have without a trade. Or they just have to get rid of the vehicle offered because it is costing them money to keep it.
In my case when I got my SRT6 almost two years ago it was a program car with under 600 miles that had been purchased at auction from Chrysler. The dealer had it 3 months and wanted to move it. I bought it for wholesale (at the time) $28K and they gave me $26K on my '04 Z4 2.5 which was KBB trade in value of good (the car was excellent). I told them they would have my car sold in 5 days and they did just that for $32K. For them it was a good deal. They claimed they broke even on the SRT but made $6K on the Z. They had no get ready costs and put it straight on the lot for sale.
That was not the norm. I knew my SRT6 would not have the same kind of resale, but I wasn't getting it for that reason. At this point I am not concerned with resale and intend to keep it as long as I can.
When I bought the Z I wanted to trade a '99 Cirrus that was loaded and in excellent condition. It had low miles and a low KBB trade in value of $7500. I had one offer of $3800 and another of $4000. I actually walked out of the first two dealerships disgusted at their lowball value. At the dealer I bought the Z from they offered $4K again BUT that one gave me a $5K discount off MSRP ($3K below invoice) on the Z (the best time to buy a roadster is in the winter).
If you want to sell and maximize the SRT6s value, sell it privately. Be prepared to wait, but you can point out how well you've taken care of it and all the mods you have made (dealers use the excuse that mods lower its value when they go to buy and emphasize their value when they sell)
Glad you decided to keep the SRT. You would definitely have missed it if you traded for an FJ. They are nice but they aren't a Crossfire.
The only exceptions are very high demand cars and even then it will be nearly impossible to get what is listed.
Dealers want to pay you wholesale auction pricing or jack up the price of the other vehicle. Generally when you hear what a great trade a person got, it usually means they paid more for the new one than they would have without a trade. Or they just have to get rid of the vehicle offered because it is costing them money to keep it.
In my case when I got my SRT6 almost two years ago it was a program car with under 600 miles that had been purchased at auction from Chrysler. The dealer had it 3 months and wanted to move it. I bought it for wholesale (at the time) $28K and they gave me $26K on my '04 Z4 2.5 which was KBB trade in value of good (the car was excellent). I told them they would have my car sold in 5 days and they did just that for $32K. For them it was a good deal. They claimed they broke even on the SRT but made $6K on the Z. They had no get ready costs and put it straight on the lot for sale.
That was not the norm. I knew my SRT6 would not have the same kind of resale, but I wasn't getting it for that reason. At this point I am not concerned with resale and intend to keep it as long as I can.
When I bought the Z I wanted to trade a '99 Cirrus that was loaded and in excellent condition. It had low miles and a low KBB trade in value of $7500. I had one offer of $3800 and another of $4000. I actually walked out of the first two dealerships disgusted at their lowball value. At the dealer I bought the Z from they offered $4K again BUT that one gave me a $5K discount off MSRP ($3K below invoice) on the Z (the best time to buy a roadster is in the winter).
If you want to sell and maximize the SRT6s value, sell it privately. Be prepared to wait, but you can point out how well you've taken care of it and all the mods you have made (dealers use the excuse that mods lower its value when they go to buy and emphasize their value when they sell)
Glad you decided to keep the SRT. You would definitely have missed it if you traded for an FJ. They are nice but they aren't a Crossfire.
Forum Regular
Joined: Jun 2007
Posts: 423
Likes: 2
From: Lima, Ohio
Re: Resale Value
Depending on miles, the $17,000 number might not be too bad. I'm selling an SRT-6 Coupe w/ 34,000 miles on it for $18,999. That's after tires, and service. Wrong time of year to make a move on a Crossfire up north. Don't get me wrong, we're dumping this car, and I think we would be able to bring over $20,000 for it in the spring.
Administrator / Senior Member / Retired
Joined: Jul 2007
Posts: 18,054
Likes: 1,540
From: Aurora , ILL
Re: Resale Value
Originally Posted by quarterlfecrisis
Hey everyone,
It's been a long time since I have posted anything (Time flies when life is busy). I am the kind of person who gets real antsy with cars and a car will be lucky if it lasts a year in my fleet. I try to put these feelings off with a good 5 coats of zaino to make it sparkle and I fall in love with the car again.
Well this past week I found myself aching for a 4x4 and started negotiating over the internet on an FJ cruiser. I got the price down to invoice on a loaded FJ. I love my xfire srt6 but I got the itch... What can I say.
The problem is that our SRT-6's resale value has seemed to drop to an unbelievable level... Carmax offered $16k and various dealerships are offering $17k. I think this is insane!!! KBB shows trade in value at $27k. I had several offers all in the same ballpark of $16-17k.
Personally I think this is an insult to this car and would never allow someone to steal it at this price.
Is it that the car dealerships are just ignorant to the difference between an SRT and a limited crossfire? or are our cars just loosing value like crazy?
Well it is probably a blessing in disguise to make me keep my srt. I'm going to detail it and take it out on the expressway and open her up to fall in love again.
I hope no one will let thier car go for this rediculous price and help us keep our value up. Hopefully the used car market will rebound and in time people will realize how special these cars are and that they are worth far more than what is being offered now.
It seems like a great time to buy an SRT though.. so if you are in the market for one, you can probably get a great price.
It's been a long time since I have posted anything (Time flies when life is busy). I am the kind of person who gets real antsy with cars and a car will be lucky if it lasts a year in my fleet. I try to put these feelings off with a good 5 coats of zaino to make it sparkle and I fall in love with the car again.
Well this past week I found myself aching for a 4x4 and started negotiating over the internet on an FJ cruiser. I got the price down to invoice on a loaded FJ. I love my xfire srt6 but I got the itch... What can I say.
The problem is that our SRT-6's resale value has seemed to drop to an unbelievable level... Carmax offered $16k and various dealerships are offering $17k. I think this is insane!!! KBB shows trade in value at $27k. I had several offers all in the same ballpark of $16-17k.
Personally I think this is an insult to this car and would never allow someone to steal it at this price.
Is it that the car dealerships are just ignorant to the difference between an SRT and a limited crossfire? or are our cars just loosing value like crazy?
Well it is probably a blessing in disguise to make me keep my srt. I'm going to detail it and take it out on the expressway and open her up to fall in love again.
I hope no one will let thier car go for this rediculous price and help us keep our value up. Hopefully the used car market will rebound and in time people will realize how special these cars are and that they are worth far more than what is being offered now.
It seems like a great time to buy an SRT though.. so if you are in the market for one, you can probably get a great price.
Keep your car and join us at the next Chicagoland meet !!!
I have added you to my Chicagoland list for future invites.
If you have not been here for awhile you might enjoy these recent links...........
Look for the links to the photos too.
https://www.crossfireforum.org/forum...icagoland+meet
https://www.crossfireforum.org/forum...icagoland+meet
https://www.crossfireforum.org/forum...icagoland+meet
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