Depreciation
Depreciation
I was reading an article on the fastest depreciating cars in America (based on MSRP) most ranged from 25 to 30% after 4 to 5 years.
The X-fire wasn't on the list but shold it be?
My 05' (bought in 06') was 36,xxx, its worth 12K trade in wow that's pretty bad. The rest of the ars are all what I would consider junk.
The X-fire wasn't on the list but shold it be?
My 05' (bought in 06') was 36,xxx, its worth 12K trade in wow that's pretty bad. The rest of the ars are all what I would consider junk.
Last edited by themush1326; 03-11-2008 at 03:44 AM.
Re: Depreciation
Unfortunately the automotive world and journalists have not done their homework on the XF as the car is such a wicked ride (IMHO). This is good and bad. Good for folks like me who were able to pick up an almost brand new XF for less than $19k. It is bad for those folks who originally bought an XF for $35k or higher.
Re: Depreciation
one of the problems with the crossfire other than the marketing and the brand name is the fact that so many were built.. 80k? and largely for the american market during a time of recession? that is not going to work.. if they built 20-30k it would possibly be a different story...
At these low prices that they are going for they still won't sell much, because people expect cheap service or a car that costs this much, but this is not so with the crossfire.. the old richer folks wont buy it because its too cheap, the ricers wont buy it because maintance and aftermarket are too expensive, the middle aged family people wont buy it because it is impractical, mercedes fans wont buy it because it is not badged mercedes, Chrysler fans won't buy it because it is a Benz.. the only people left to buy it are the people who appreciate this vehicle particularly.. and there are definatly not 80k of these kinds of people... the crossfire is a red-headed step child and that is one of the reasons I love it so much...
Another example of this problem is the Mercedes Mclaren SLR a new one cost 500k and ones 2 years old with only a couple thounsand miles are going for half that... absolutely ridicolous.. but it is their fault 3500 is just a huge number for these kinds of cars.. Enzo philosphy of building one less car than there is demand for is not something that either company goes by and they face the consequences..
Enjoy the fact that this car is extremly cheap for what it is...
At these low prices that they are going for they still won't sell much, because people expect cheap service or a car that costs this much, but this is not so with the crossfire.. the old richer folks wont buy it because its too cheap, the ricers wont buy it because maintance and aftermarket are too expensive, the middle aged family people wont buy it because it is impractical, mercedes fans wont buy it because it is not badged mercedes, Chrysler fans won't buy it because it is a Benz.. the only people left to buy it are the people who appreciate this vehicle particularly.. and there are definatly not 80k of these kinds of people... the crossfire is a red-headed step child and that is one of the reasons I love it so much...
Another example of this problem is the Mercedes Mclaren SLR a new one cost 500k and ones 2 years old with only a couple thounsand miles are going for half that... absolutely ridicolous.. but it is their fault 3500 is just a huge number for these kinds of cars.. Enzo philosphy of building one less car than there is demand for is not something that either company goes by and they face the consequences..
Enjoy the fact that this car is extremly cheap for what it is...
Re: Depreciation
Originally Posted by themush1326
I was reading an article on the fastest depreciating cars in America (based on MSRP) most ranged from 25 to 30% after 4 to 5 years.
The X-fire wasn't on the list but shold it be?
My 05' (bought in 06') was 36,xxx, its worth 12K trade in wow that's pretty bad. The rest of the ars are all what I would consider junk.
The X-fire wasn't on the list but shold it be?
My 05' (bought in 06') was 36,xxx, its worth 12K trade in wow that's pretty bad. The rest of the ars are all what I would consider junk.
Re: Depreciation
It just amazes me that my 04' Crossfire is probably worth less than my 81' Vette. The Corvette's value is about the same as it's original sticker price. Of course, that doesn't account for inflation! It's a good thing most of us didn't buy the Crossfire as an investment, but I didn’t buy it to be taken to the cleaners either. I sure hate to think of what it will cost to repair some of the Crossfire’s problems that we will see 10-20 years form now. As it is, the Corvette is very repairable and the parts are actually very reasonable. I love the Crossfire and it is by far a much much much better car that the old Vette. However, I will probably get rid of it as soon as the extended service plan expires in about 4 years. I believe that the thing will have failures way above and beyond what will be covered by the new lifetime power train warranty that is so well revered. Maybe, I'm just a worrywart?
Re: Depreciation
Originally Posted by corfire
It just amazes me that my 04' Crossfire is probably worth less than my 81' Vette. The Corvette's value is about the same as it's original sticker price. Of course, that doesn't account for inflation! It's a good thing most of us didn't buy the Crossfire as an investment, but I didn’t buy it to be taken to the cleaners either. I sure hate to think of what it will cost to repair some of the Crossfire’s problems that we will see 10-20 years form now. As it is, the Corvette is very repairable and the parts are actually very reasonable. I love the Crossfire and it is by far a much much much better car that the old Vette. However, I will probably get rid of it as soon as the extended service plan expires in about 4 years. I believe that the thing will have failures way above and beyond what will be covered by the new lifetime power train warranty that is so well revered. Maybe, I'm just a worrywart?
Re: Depreciation
Originally Posted by corfire
It just amazes me that my 04' Crossfire is probably worth less than my 81' Vette
I mean, honestly?
Originally Posted by corfire
I sure hate to think of what it will cost to repair some of the Crossfire’s problems that we will see 10-20 years form now.
You obviously have never talked to a Porsche 911 owner....lol...Come on corfire!
Re: Depreciation
[quote=sonoronos]What amazes me is when people complain about the maintenance costs/depreciation of a Crossfire when they are used to maintaining/operating 27 year old cars.I mean, honestly?[/font][/color][/size][/font]
Now I'm not complaining, but I spent more on just one 30k mile service call on my Crossfire than I've spent for service performed on my AMX in the last 38 years.
It's just the price you have pay to play, and thankfully it's not a Porsche, or Ferrari.
As for depreciation, I don't worry about it. I usually get screwed by the dealer everytime I trade anything in anyway, so why should the Crossfire be any different. Besides, I have no plans on giving it up, so depreciation is irrelevant.
Now I'm not complaining, but I spent more on just one 30k mile service call on my Crossfire than I've spent for service performed on my AMX in the last 38 years.
It's just the price you have pay to play, and thankfully it's not a Porsche, or Ferrari.
As for depreciation, I don't worry about it. I usually get screwed by the dealer everytime I trade anything in anyway, so why should the Crossfire be any different. Besides, I have no plans on giving it up, so depreciation is irrelevant.
Re: Depreciation
Originally Posted by themush1326
I was reading an article on the fastest depreciating cars in America (based on MSRP) most ranged from 25 to 30% after 4 to 5 years.
The X-fire wasn't on the list but shold it be?
My 05' (bought in 06') was 36,xxx, its worth 12K trade in wow that's pretty bad. The rest of the ars are all what I would consider junk.
The X-fire wasn't on the list but shold it be?
My 05' (bought in 06') was 36,xxx, its worth 12K trade in wow that's pretty bad. The rest of the ars are all what I would consider junk.
Re: Depreciation
Originally Posted by sonoronos
What amazes me is when people complain about the maintenance costs/depreciation of a Crossfire when they are used to maintaining/operating 27 year old cars.
I mean, honestly?
I mean, honestly?
Originally Posted by irwin
dude vette parts are a dime a dozen and sitting on the auto parts stores shelves gathering dust
Last edited by corfire; 03-12-2008 at 12:25 AM.