http://ca.autos.yahoo.com/p/392/ten-...ose-value-fast


Good and interesting read...

 

indeed. and something like 10% of the value is gone as soon as you drive off the lot. that's why I'm not too much of a fan of buying a brand new car. but used cars can be subjected to previous owner's lack of care and potentially high maintenance costs after the warranty has expired can make it about the same either way.

 

Special Models Keep Their Value Far Longer, Like The Ss Models , Ford Mustang Cobras. Just A Small Example.

 

i went to go trade me 08 hhr in today on a 08 SS and they wanted to give me 13 i was like ouch.

 

Pheeeew...! I was holding my breath, afraid I would see the HHR in that list. HHR is no resale king, for sure, but at least its not in the 10 worst.

Buying a used car one or two yrs old maybe even three is the best approach from a strictly financial perspective-- let someone else take the big depreciation years. BUT, if you're a car enthusiast, especially for certain model or models, and you know that you're going to take the big depreciation hit, then I say cut your best deal and buy new, you only live once. As long as you can afford to take the depreciation, who cares. Its your money. I usually buy new. Yes I lose money to depreciation, but I'm okay with that for getting a brand new unsullied, unviolated, unfarted-in, pristine car. As John Mellencamp sang, "I do things my way, and I pay a high price..." lol

 

I'm happy I was able to get a car stickered at 22k for about 16..the flip side is trade in value is about 10K right now so in less than a year going off sticker price it has lost 12K in value lol..I'm sure they factor in knowing that NOBODY pays MRSP for an American car (or if you do you missed something somewhere!)


Goose

 

I'll be honest with ya' my 2006 LT with 23K miles is by far the most devalued car I've ever owned. Here in MT the most I can get for trade-in is $9000.00 So let's do the math: in the two years I've owned this car I've basically lost $12000.00 Here is the problem: dealers no longer use KBB or NADA guides for vehicle trade-in value and currently go by wholesale auction value. This coupled with the market being saturated with HHR's as rental vehicles means we've lost big-time in a hurry. I personally wrote to GM and let them know how I felt and they responded by offering me a "good deal" on a new truck. They also were sorry that "I felt that way" but did not care to take it any further. They can kiss my white semi-Irish

I love my HHR and am on the bandwagon to start upgrading it and making it my own. You peeps have inspired me after a few days of cruising around this forum...so thanks from the bottom of my heart. I needed that as I was really PO'd over the past few weeks on how little my HHR is worth. I am also stoked to keep it and make it one-of-a-kind as I see fuel prices get way out of hand so I am diggin' the 30MPG she gives me. I wanted a truck but cannot justify the initial expense and operating cost associated with it.

HHR's rule even if my wife thinks it's an "old man's" car this forum proves that theory to be toal BS.

Cheers

 

A lot of it will always depend on how bad the dealer wants to sell the car you are interested in, and the buyer being able to play it like a strong poker game. Most of the time.

It may be true that my HHR has depreciated a lot since getting it, but I just calculated my fuel economy by hand for the last fillup-- all city driving work commute and city driving errand runs-- 26.1 mpg, and we're not even in to the warmer weather yet, which should garner a further improvement.

Beats the snot out of 17mpg w/ premium required (if I wanted it to run worth a hoot) in the '95 Vette I got out of, not to mention the guilt trip of putting miles on a "low mile" Vette, each add'l mile moving it closer to no longer being low mile.

With the HHR, I could care less how many miles I rack up... the more the better!