Not sure if this has been posted already but, check this out! :D


http://autos.msn.com/advice/article....c=msn&GT1=5015


Just one more reason I can't wait to buy an '05!

 

same here!

 

Double ditto!

 

where are they getting these numbers?

with dealerships selling the car for a lot less than dealer invoice, even if you bought your car in the last few months, you'd have to take a huge hit to sell it to a private party.

 

Let me get this straight. I paid $31,600 for my 6 speed GT in July of 2003. The current Kelly Blue Book "private party" sale price (not trade in) is $28,600 (which I think is optimistic based on what dealers sell new 6 speed GTs for). So a $3,000 hit in the first year makes it a "top value holder".

OK ......

 

Most new cars take a 15% - 20% depreciation hit the millisecond you drive them off the lot.

If you can do better than that, you are doing really, really well.

 

msrecant, the KBB number is optimistic. As one can buy a brand new RX-8 w/ GT for about $28,000. So you'd have to take a hit of about 5-6 grand.

 

I agree 100%. I would expect a more realistic number to be around $26,500-$27,000 which makes my hit more like $5,000 (16%). No, the RX-8 is not a top "value holder"!

 

If you think a 16% depreciation hit is bad, you haven't spent much time looking at the resale value of lightly used cars.

As I stated above, 15% - 20% is considered normal, 16% is definitely at the low end of the range.

 

Lol, I went from a 3rd Gen Mitsubishi Eclipse to an RX-8. You want to talk about a car that didn't hold it's value . . .

 

Kelly Blue Book says my car is worth 29600 and i paid 28100

 

You just might have found a loophole that will allow you to buy cars for less than you can sell them for, causing you to gain an infinate amount of money and take over the world.

 

That was JasonHamilton's point. 28,000 new is not that uncommon. No way you could sell a used 8 for $29,600.

 

KBB is all over the place.

On some cars, they tend to be very optimistic in their value. On other cars, they seem to be quite undervalued.

It should only be used as a (very) rough guide.

But I've said it before, based on the prices I see in the paper for used RX-8's, I do think it is a "top value holder".

 

I don't understand the two statistics listed on that page:

Here are the top ten 2005 vehicles likely retain value the best:*

Acura TL
BMW 5-Series
Infiniti G35 Coupe
Lexus GX 470
Mazda RX-8
Mercedes-Benz CLK 320 Cabriolet
MINI Cooper
Nissan 350Z
Porsche Cayenne
Volvo XC90


2005 vehicles that will hold value the best by category:*

Sedan: Honda Civic
Coupe: Infiniti G35
Convertible: Nissan 350Z roadster
Luxury: BMW 5-Series
Pickup: Toyota Tacoma PreRunner
Sport Utility: Volvo XC90



The first list includes sedans, right? Why is the Civic (as expected) the #1 value holding sedan but not in the first list? I understand what the second list means but I'm unclear about the first one.

-Peter

 

I get the impression that Edmunds tends to be more realistic on their used car pricing than KBB.

Anyway, repeat after me: A car is NOT an investment!

 

While the Civic may be the #1 sedan, it must not be good enough to make the overall top 10 list. If you look at the 'top 10' list, there are no other vehicles that fall into the 'sedan' category:

Acura TL - luxury sedan
BMW 5-Series - luxury sedan
Infiniti G35 Coupe - coupe
Lexus GX 470 - luxury SUV
Mazda RX-8 - coupe
Mercedes-Benz CLK 320 Cabriolet - convertible
MINI Cooper - coupe
Nissan 350Z - coupe
Porsche Cayenne - luxury SUV
Volvo XC90 - SUV

 

If the TL is a luxury sadan, then the G35 is a luxury coupe. And both the service records i get from my mazda dealer and my Insurance card say 4 door sedan.