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Depreciation

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Old 03-11-2008 | 03:40 AM
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Default 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.
 

Last edited by themush1326; 03-11-2008 at 03:44 AM.
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Old 03-11-2008 | 07:44 AM
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Default Re: Depreciation

The article editors probably never heard of the Xfire thanks to Chrysler's wonderful marketing.

The Xfire has to be one of the fastest depreciating cars out there.
 
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Old 03-11-2008 | 08:02 AM
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Default 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.
 
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Old 03-11-2008 | 08:06 AM
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Default Re: Depreciation

Originally Posted by klamathpro
The article editors probably never heard of the Xfire Thanks to Chrysler's wonderful marketing.
You are probably correct.
 
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Old 03-11-2008 | 09:57 AM
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Default 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...
 
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Old 03-11-2008 | 01:40 PM
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Default 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.
So what's your point?
 
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Old 03-11-2008 | 02:33 PM
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Default 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?
 
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Old 03-11-2008 | 03:17 PM
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Default 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?
Quick everybody, lets go stock up on everything we'll need now
 
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Old 03-11-2008 | 03:25 PM
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Default Re: Depreciation

IMHO, I'm glad they didn't. The last thing the xfire needs is bad pub like that. These cars at current value are one of the world's best kept secrets.
 
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Old 03-11-2008 | 03:53 PM
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Default Re: Depreciation

Originally Posted by corfire
It just amazes me that my 04' Crossfire is probably worth less than my 81' Vette
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?

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!
 
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Old 03-11-2008 | 04:30 PM
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Default Re: Depreciation

dude vette parts are a dime a dozen and sitting on the auto parts stores shelves gathering dust, what is it a lt1 or an ls1? either way do a search on... even ebay and youll pull at least 10 pages of just motor parts. thoose motors have been in everything gm has made.
 
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Old 03-11-2008 | 07:08 PM
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Default 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.
 
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Old 03-11-2008 | 09:31 PM
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Default 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.
Probably, but who cares? Your stuck with it, might as well enjoy it and not worry about how much it's supposed value is.
 
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Old 03-12-2008 | 12:21 AM
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Default 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?
Also,
Originally Posted by irwin
dude vette parts are a dime a dozen and sitting on the auto parts stores shelves gathering dust
Gee. I didn’t really mean to insult the old Corvette haters on here. Just stating my amazement about the depreciating Crossfire; stating a couple of facts; and make a prediction or two. As I mentioned, I love the Crossfire, but I don’t think that I will be keeping it as long term as I originally intended. Yep, the 27 year old Corvette parts will probably still be available for another 30 years, long after I am gone. I have my doubts that the parts necessary to keep the Crossfire running will be. That’s my prediction simply stated. Either way, both of these cars are just toys that I drive in the summer, and if either one's value does a tail spin to zero, I’m not going to get very concerned. As I said before, these cars are not investments. Also, I’m not complaining about the ‘maintenance’ costs. I understand the difference between maintaining an older car that has minimal maintenance and rarely breaks down, as compared to a newer car that needs special attention with complex systems that are more difficult to diagnose. I agree, that the Crossfire is a much safer and better car.
 

Last edited by corfire; 03-12-2008 at 12:25 AM.
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Old 03-12-2008 | 02:02 PM
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Default Re: Depreciation

id rather have the old vette lol
 
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Old 03-12-2008 | 02:19 PM
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Default Re: Depreciation

It is indeed a sad day when you find out your XFire ain't worth squat... sigh...
 
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Old 03-12-2008 | 03:03 PM
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Default Re: Depreciation

Originally Posted by irwin
id rather have the old vette lol
than what?
 
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Old 03-12-2008 | 06:28 PM
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Default Re: Depreciation

my xf, easier to work on tons of speed parts, tons of regular parts, techs that know wtf they are doing.... do i need to give anymore reasons?
 
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Old 03-12-2008 | 07:43 PM
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Default Re: Depreciation

I bought my 04 coupe for 13K and looking at a 1 owner srt for 17K
 
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Old 03-12-2008 | 08:42 PM
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Default Re: Depreciation

Originally Posted by irwin
my xf, easier to work on tons of speed parts, tons of regular parts, techs that know wtf they are doing.... do i need to give anymore reasons?
thats odd why didn't you purchase one than? they are about equal price no?
 


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