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Discussion Starter #1
the depreciation of this car is killing me...

I just don't want to get slammed every mile/month that goes by anymore.

The guys over at a dealership are offering $27.5k for my car....

13k miles... fully loaded... dude!

I flip out of cars every two years anyway. This is just a problem I've had since I was 18 or so....

so... $27.5k .... what do y'all think? I tried not to get insulted but... dang..
 

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I think that is a good price for a trade in I just bought a B5 blue classic with 5000 miles 3 months ago for 27,500. What I saw while looking at cars all over the country is the 6 speeds were selling cheaper and there was alot of them
 

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I just bought my Torred Classic brand new for a hair over $30K in January, so that price seems fair on a trade.

Of course you've realized over the years the quicker you trade the more you lose.
 

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Yeah, as already been said, if you're going to flip every few years, you need to be leasing...
 

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I agree with the leasing option.

If you feel bad, think how those 06' Charger SRT8 owners feel, 16k-17k I've seen several being priced at. heck that's about the same asking price for a used 06-07' Monte Carlo SS or Impala SS
 

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yeah, its not the worst price you're being offerred in my opinion.

im looking at a B5 Blue Classic, with 7,500 miles, we're currently at 27,300 in negotiations.....not fully loaded mind.
 

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Discussion Starter #12
Well, I'll never buy new again.... or at least anytime soon.

I'm sticking with a couple to a few years old with low miles. Hence, the leasing thing is not able to happen.

You can't go wrong with buying the 'right vehicle' optioned well with low miles. Challenger even.

A 2008 SRT8 would probably be a steal these days... I just didn't think that one through.
 

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Well, I'll never buy new again.... or at least anytime soon.

I'm sticking with a couple to a few years old with low miles. Hence, the leasing thing is not able to happen.

You can't go wrong with buying the 'right vehicle' optioned well with low miles. Challenger even.

A 2008 SRT8 would probably be a steal these days... I just didn't think that one through.
Trading in every 2 years will kill you in the end. I try to go at least 3, and usually 4 years. Between 3-4 years the depreciation starts to level off and not be so bad. But the first 2 years are the worse. I won't even admit how much money I lost trading in my 05 GTO 2 years after getting it.

Its also relative to the total cost. Losing 50% on a car that cost $20 -30K is 1 thing, but losing 50% on a $40-50K car, that just seems like a whole lot worse (maybe because it is)!
 

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sounds about right....there's a BRAND NEW 2010 B-5 srt8 for $35k in IL...so $27 for a used RT sounds like a decent deal to me....sell it yourself and try for $30k
 

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If you flip cars every 2 years, you should buy used (1-2 year old cars).

Leasing limits your mileage, and you are paying all the depreciation on a new car anyway. If you didn't, the dealers would lose money on every lease returned. I sold cars for a living for many many years, and never got the draw of leasing from an economic point. Usually there is less money down, and I suppose less risk since you know your buyout to start with, but at the end of two years, you have no car, and no equity to work with (so no trade in value). To each his own though.

Price sounds fair to me. With the deals out there are new 2010's, a dealer is going to have a hard time getting $30k for your car, no matter how nice or low the mileage...
 
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