Re: GM-Chrysler Merger Talks to Intensify After Election

[Rob Palmason <rpalmason@xxxxxxxxx>]

I'm sure many of the folks on this list have visited a car dealer in
the last 6 months and learned what "book value" means in today's
economy, it is largely fiction.  Whether you are talking about NADA,
Kelley or Edmunds, it will be high.  Unless you are trading in a very
economical vehicle, preferably a Honda or Toyota less than 5 years
old, you are in trouble.  Book value can be 20-30% higher than
reality. You might get a dealer who will actually talk to you about
how he arrived at the dismal $$ trade-in figure.  They usually log
into the website for the auto auction they use and look at comparable
vehicles to your trade-in.  They determine what those vehicles have
been selling for at auction in the previous 3-4 weeks, then undercut
that number by a few hundred bucks to cover their butts. I'm not
griping, this just is applying real-world data to their business
dealings. They can't allow $4000 on a trade-in, then auction the
vehicle and lose $600.  If your trade-in is appropriate for the
dealership, such as trading a Dodge to a Dodge dealer, then the
picture is less grim. Used car sales is big money for well-run
dealerships.

Just my 1 cent   (2 cents adjusted for this economy)

Rob
Littleton, MA


On Wed, Nov 5, 2008 at 2:12 PM, Leslie Thrasher <redred1@xxxxxxxxxx> wrote:
>
> You need to find another dealer.  My 97 Dakota 5.2 4X4.. w/142K miles is
> still worth $6475 in NADA book last month.  My daughter  bought a 2000
> Cherokee 4.0 for $2500 to use on the farm 2 years ago and she wouldn't sell
> it for what she gave for it!!!!!!!!  Jeep gets good mileage, about 22,
> Dakota only about 17 when I am pulling stumps with it!!  Feel like both will
> still be working when the Honda is a lid on a can of Beany-Weenies!!!
> ----- Original Message -----
> From: "Bill" <Y1TopBanana73@xxxxxxxxx>
> To: <1962to1965mopars@xxxxxxxxxx>
> Sent: Wednesday, November 05, 2008 12:14 PM
> Subject: Re: GM-Chrysler Merger Talks to Intensify After Election
>
>
>> "...If it gets what many call, bad gas mileage, it goes up in
>> value...." if this is the case, then why are my 2000 Cherokee 4.0L and
>> 01 Dakota 4.7L worth so little? I had one dealer offer me $3500 for
>> BOTH vehicles on a trade in.
>>
>> I unfortunately don't have unlimited resources to put into repairs on
>> a car so both of our daily drivers are "foreign crap" as you so
>> eloquently phrased it. 92 Accord LX, 4 cyl, 5 spd, 249+K miles,
>> original clutch, w/ very little $ invested in repairs over it's life.
>> If this is representative of "foreign crap", then that's what I'll be
>> driving every day for a LONG time.
>>
>> Bill M
>>
>>
>>
>> On Wed, Nov 5, 2008 at 1:06 PM,  <Spicemanii@xxxxxxx> wrote:
>> >
>> >
>> > Now, ask yourself, do I have any foreign cars? Even if assembled here,
> the money still goes out of country. I give no crap on gas mileage or
> longivity, because I only see old American cars still going, not econo
> foreign crap. Think about this for a second or two, If it gets good mileage,
> it does not hold its value. If it gets what many call, bad gas mileage, it
> goes up in value. Obviously their are a few things to also consider, like,
> muscle or convert or fin ear cars, as these do go up in value. I figure the
> gas mileage is made up in higher value as I drive them. The other is the
> repair of an older car in maintenance is lower than the repair of a econo
> car. Ever check what a trans axle cost to repair? Starter or air conditioner
> on a newer car? How about the cost of gas compared to blood? I will always
> take the bigger, heavier American over the loss of blood against a small
> foreign or American made small car. I win everytime. I could go on, but I
> love to tinker on my old cars more. later, joe machado
>> >
>> >
>> >vzyʅzzjjzꉢjzzvqN¦ysvjj
>> xr ךjjy P  rm VVjj qNqzjjâi
>
>
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