Jap cars taper off a lot sooner so actually his statement is correct.
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Need a premium used car for 10-15K. BMW, Audi, Subaru, Chevrolet???
- Thread starter DJM
- Start date
Jap cars taper off a lot sooner so actually his statement is correct.
This reminded me of a friends car.
Their parents had bought a brand new 2000 Mercedes ( I think it was a c serires, four door regular size) fully loaded for $50k or something up there. She said her friend had a Honda of the same year paid about $25k. So in 2010 both cars are now selling for $5k based on online ads etc...
So the premium car tanked by $25k. That's gotta hurt.
All "premium" vehicles tend to have a high depreciation rate.
Think about it. Someone who is in the market for a ritzy luxury car and pretty much doesn't care about the money, ain't gonna buy a used one - they're buying new. Someone who is in the market for a used car is generally going to be price sensitive. Add that to the probability for a more complex vehicle likely being more costly to maintain as it ages, and you get a recipe for really serious depreciation.
This is true even within the same manufacturer. BMW 7 series depreciate much faster than 3 series. Cadillac depreciate much faster than Chevrolet. Both of these trends are well known. I haven't researched it because I would never buy either one, but it's pretty likely that Lexus versus Toyota follow the same pattern.
I have a preference for Japanese motorcycles, but European cars ... although I wouldn't exclude the possibility of buying a European bike at some point in the future. Japanese cars have largely become dull appliances with nothing to spark any interest in them whatsoever. No amount of perfection of a reliability rating will convince me to bore myself out of my mind for 400,000 km.
^^
I think a better comparison would be comparing the depreciation of a 5 year old Lexus LS460 vs a BMW 7 series.
That would be more telling.
the most depreciated cars of the past 10 years.
I think a better comparison would be comparing the depreciation of a 5 year old Lexus LS460 vs a BMW 7 series.
That would be more telling.
the most depreciated cars of the past 10 years.
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I always wondered why people go to pubs and restaurants when the is Beer Store and Fast Food. How do they justify the money they may as well be lighting on fire?
Most likely, doesn't care. That is a rare car ... I think I've seen ONE of them out in the wild, ever!
The VW Phaeton was another depreciation-mobile on that list. Thing is, they didn't sell many, because most people that were in the market for something of that sort, would spend the extra coin to get the mechanically-similar Audi A8.
People in the market for that sort of vehicle, are not concerned about what the monthly payments are (they're almost all leased).
I'd rather push a VW than drive a Honda.
Roomie
Banned
ccasion5:After the couple I've had, I'll never own Honda again either. The right 5 series bmw and maybe I'd take it but my next toy will be an air cooled 911 (mid 90's 993) Money pit or not.
My Honda's been a cheap bore.
Having a car that runs and runs and sips gas has freed up cash for motorcycling. I probably wouldn't be riding if my car required $2000 brake jobs and fresh 18" tires every two years.
Props to the guys who buy the cars they love and put up with the headache. That's just not where I am right now.
silverbullet132
Well-known member
No love for the Volvo R series?
No love for the Volvo R series?
When Ford bought Volvo back in 2000, they paid $6.5 billion. In 2010, Ford sold them for a measly $1.5 billion to a small chinese automaker known for less than stellar engineering and atrocious quality.
The brightside? You'll be able to pick up a used Volvo for as cheap as a Saab, and soon Suzuki since nobody wants one anymore.
When Ford bought Volvo back in 2000, they paid $6.5 billion. In 2010, Ford sold them for a measly $1.5 billion to a small chinese automaker known for less than stellar engineering and atrocious quality.
The brightside? You'll be able to pick up a used Volvo for as cheap as a Saab, and soon Suzuki since nobody wants one anymore.
Do we get to see a chinese car with a Volvo design?
Sent from my Phone, dont judge the grammar
silverbullet132
Well-known member
When Ford bought Volvo back in 2000, they paid $6.5 billion. In 2010, Ford sold them for a measly $1.5 billion to a small chinese automaker known for less than stellar engineering and atrocious quality.
The brightside? You'll be able to pick up a used Volvo for as cheap as a Saab, and soon Suzuki since nobody wants one anymore.
The 04-07 R's are awesome cars, not sure about anything newer or since Geely bought them. They still hold value fairly well too, an 04-07 v70R had an MSRP of about $50k and if you can even find one they go for about $15k.
My 09 WRX with 75k on it does about 1L per 3000 km. It's annoying to me. My 01 Jetta TDI (diesel) with 350k on it did under 1L in 10k. Wasn't an issue because 1L is just beyond the difference between the high and low marks on the stick and by 10k it was time to change the oil anyway.
Lexus or Acura is where it's at if you want reliable. Also, a used IS250 is peanuts compared to a used WRX, has a significantly better interior, way more fancy gadgets, fits way more luggage (I'm comparing to the hatchback WRX). A little slower, though.
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Just got back from Kitchener and London looking at A4's. Out of 5 decent dealer cars only 1 had an invoice for the 120K timing belt service. It was $1346 at an Audi dealership. 3 others said it was done but could provide no invoices, and 1 other said they would have their "mechanic" do it. The car that had the proofed invoice had garbage Nexen tires on it and 4 curb-rashed, ground-to-**** wheels. WTF? I've never rashed a wheel in my life.
There were 2 Audi's that shook at idle in-gear like a toonie-powered massage chair you find in the middle of a mall aisle, I'm guessing engine or trans mounts at the least. Tough pickings man. They are all priced in the 10 K range. Heading to Toronto tomorrow to try my luck there...
There were 2 Audi's that shook at idle in-gear like a toonie-powered massage chair you find in the middle of a mall aisle, I'm guessing engine or trans mounts at the least. Tough pickings man. They are all priced in the 10 K range. Heading to Toronto tomorrow to try my luck there...
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