Posts: 3897
Joined: 3/31/2005 From: Indianapolis, IN Status: offline
Zooropa - I think you are thinking about this way too much. Sure the economy can factory in on prices on the used market. But trying to predict the economy or the used market value is like trying to predict the weather - last night we had a severe thunderstorm roll through the produced tornadoes in Indy (yes, in January). The live weather folks said it was moving into my area and we should take cover because winds were steady at 50-60 mph with gusts of 80-100mph. I stood at my front porch and never saw much more than rain coming down at a slight angle
I just don't think the difference in a used 2007 today vs this summer or whenever a recession hits is going to be as big as you say. Used cars will always depreciate hard and fast, so if saving money is what you are looking for, then just plan on buying a used 2006-2007 whenever the time is right for your wallet.
this is a great discussion! I really appreciate your thoughts and insights and I am glad you feel comfortable not only disagreeing but willing to take some time from your day to talk about it =)
I'm glad you made it clear of the weather sowaxeman, as that could have turned out differently since I read this morning two women were killed last night from those storms
That being said, this isn't about what I or you can afford :) It's about spending money wisely. Like any smart investor timing is key in money and romance! I don't consider cars normally ot be much of an investment, but you can make them a better purchase by finding the best time to buy them when the demand isn't what it has been
I have no issues with indulgence (we all love Mustangs if we wanted to be more practical/tactful/etc we would buy another car lol ) but I'm not going to just throw money away. I strongly believe given the economic woes and more importantly the lack of a plan or even a hint of light at the end of the tunnel this year is going to be terrible fiscally for the national market because consumers are not going to buy like they used to - trickle down economics doesn't work but when consumers stop spending money as they have according to the numbers that mediate our national finances, luxury items like cars, especially cars, get really cheap, so I see me saving at least 10K$ by putting off a purchase until the last quarter of this year.
Retail price of $67K selling for $61K - that is a NEW speedster not even a slightly used car which will go for much less with less than 5K miles - I believe that cars like this example will sell for under 55K$ by the end of the year because of the American W.S market, the new model coming out, end of the year savings, and the demand.
I completely understand that I could be very very wrong. This isn't my only mode of transportation though so I have time on my side. But given the information and the turn of the economy I really think it's a safe bet and money saved
Retail price of $67K selling for $61K - that is a NEW speedster not even a slightly used car which will go for much less with less than 5K miles - I believe that cars like this example will sell for under 55K$ by the end of the year because of the American W.S market, the new model coming out, end of the year savings, and the demand.
Hope you all are safe and warm :)
Nice speedster. I got mine for much, much cheaper. And that was back in mid-'06, when the economy was purportedly much stronger. Follow ebay and performanceautosport.com for a while; a good deal will pop up sooner or later.
so your post begs 2 questions; what would you consider a good deal for a 2006/2007 with 12k or less for miles?
and what did you all pay for your ride? ^ ^ if you don't mind confessing to strangers knowing fully well what ever you disclose certainly wont reflect or define anything about you :)
Posts: 569
Joined: 9/13/2006 From: Manhattan Beach, CA Status: offline
quote:
ORIGINAL: Z O O R O P A so your post begs 2 questions; what would you consider a good deal for a 2006/2007 with 12k or less for miles?
and what did you all pay for your ride? ^ ^ if you don't mind confessing to strangers knowing fully well what ever you disclose certainly wont reflect or define anything about you :)
PM sent.
I think anything for $10k or more off MSRP is a really good deal for a new Saleen. You'll only get a deal like that on a new '07 still sitting on the lot (not a new '08). For a used car with low mileage (less than 5k miles), anything for $15k or more off MSRP is a good deal.
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RE: purchase considerations & money - 
Follow ebay and 
