04 Prices continue to drop...
04 Prices continue to drop...
Just curious how things are going around the rest of the country. Have a friend of a friend that just bought a new 04 autostik with 84 miles for $19,700!!!! in Washington state. Got my curiosity up so I made a cold call to a dealer just to inquire about my value on my 04 auto with 700 miles on a trade and they said they could give me $18,000. I did not buy my car for the investment...but simply to enjoy...however it is a little tough to swallow that I purchased my car only 3 months ago for $27,000 ... I felt like I was doing okay when it was stickered for $33,500. Like my grandmother always told me..."once you find what you are looking for---STOP LOOKING...it will only bring regret." How right she was...
Re: 04 Prices continue to drop...
Originally Posted by metfan
Just curious how things are going around the rest of the country. Have a friend of a friend that just bought a new 04 autostick with 84 miles for $19,700!!!! in Washington state.
over $15,000 off msrp of a new 04' crossfire?
i may be wrong but i find this shocking.
Re: 04 Prices continue to drop...
Guys, this is normal for any previous year car from any manufacturer. They gotta move em. Cars are NOT investments. we lost a ton of cash as soon as we signed the title, but only on paper. Unless you are looking to trade yours in, don't worry about it. A car dealer friend told me "nothing stays hot forever". Just be glad you didn't buy when they first came out and spent 5K to 10 K over sticker because it was "hot " then. Look at all the idiot Mustang buyers paying OVER sticker to finance thier mid life crisis. I am very happy with my mid life crisis as it sits in my garage purchased a year ago for 28.5K.
It was a good deal.
Get out and enjoy it while your still alive and well, because this too will change.
It was a good deal.
Get out and enjoy it while your still alive and well, because this too will change.
Re: 04 Prices continue to drop...
Originally Posted by andrew
not to offend...but i find this hard to believe.
over $15,000 off msrp of a new 04' crossfire?
i may be wrong but i find this shocking.
over $15,000 off msrp of a new 04' crossfire?
i may be wrong but i find this shocking.
Re: 04 Prices continue to drop...
I believe anything today. I shopped for other cars before I bought the Xfire. I was seriously into buying an 04 GTO. A local dealer had 28 of them on his lot. My last price on one stickered at $35,000+ was $26000 with rebates and their own discounts. I read up on the car on their forums and decided against it after seeing all of the problems they seemed to have, especially electronics. Plus the dealer low balled my 04 Grand Prix GTP trade in at $14,000, and would not budge. Yes, the Chrysler dealer did much better! Right now with the price of gas, I am glad I didn't get it. My Xfire has 3000 miles on it and is my daily driver, about 50 miles a day round trip, and it's great. I just finished installing my XM Radio, so it is now just about perfect for my needs.
I am not planning on trading for at least 5 years, if then, unless it becomes a money pit after the warranty expires, so resale is a mute point. I am seriously considering the extended warranty from Chrysler, so that would add to my decision not to sell/trade.
Sorry for the long reply, but I really enjoy this car.
John
I am not planning on trading for at least 5 years, if then, unless it becomes a money pit after the warranty expires, so resale is a mute point. I am seriously considering the extended warranty from Chrysler, so that would add to my decision not to sell/trade.
Sorry for the long reply, but I really enjoy this car.
John
Re: 04 Prices continue to drop...
Originally Posted by Cobra953
I believe anything today. I shopped for other cars before I bought the Xfire. I was seriously into buying an 04 GTO. A local dealer had 28 of them on his lot. My last price on one stickered at $35,000+ was $26000 with rebates and their own discounts. I read up on the car on their forums and decided against it after seeing all of the problems they seemed to have, especially electronics. Plus the dealer low balled my 04 Grand Prix GTP trade in at $14,000, and would not budge. Yes, the Chrysler dealer did much better! Right now with the price of gas, I am glad I didn't get it. My Xfire has 3000 miles on it and is my daily driver, about 50 miles a day round trip, and it's great. I just finished installing my XM Radio, so it is now just about perfect for my needs.
I am not planning on trading for at least 5 years, if then, unless it becomes a money pit after the warranty expires, so resale is a mute point. I am seriously considering the extended warranty from Chrysler, so that would add to my decision not to sell/trade.
Sorry for the long reply, but I really enjoy this car.
John
I am not planning on trading for at least 5 years, if then, unless it becomes a money pit after the warranty expires, so resale is a mute point. I am seriously considering the extended warranty from Chrysler, so that would add to my decision not to sell/trade.
Sorry for the long reply, but I really enjoy this car.
John
Re: 04 Prices continue to drop...
One factor on the pricing is that many dealers used the car as an advertisement to get people into the showroom. They didn't intend to sell it, just use it for test drives and something "sexy" out front. Now that the Roadster is out, they are selling these off and using the paper loss to help with the taxes.
Re: 04 Prices continue to drop...
I simply do not believe someone bought a 2004 new coupe for $19,500! I sell at a Chrysler dealership and that can not be true I don't care how desperate they are. The only way they may have done that was to slaughter the guy on rate. You see in car sales you either make it in the front meaning you make a gross profit or you make it in the back end meaning you make like 3 points in rate or sell a ridiculously high extended warranty and make it that way. Either way the numbers didn't make sense. Say you have a 04 coupe that stickers for around $35,600 they have about $3500 in mark up and then you have Dealer holdback of 3% which is $1068 in addition you have $4000 of dealer cash on 04's which is the sames as a rebate but you don't have to disclose it to a customer unless you want to. Taking this into consideration we come to a price of $27, 032 this is dead cost to the dealer. Lets say that this is a six-speed and doesn't have the all season tires so our price is about $2,000 less that brings us to $25,032. I find it hard to believe that a dealer would lose over $5,000 to "just move it" So either the Washington dealer is the dumbest dealer in the world or your friend is lying. Id have to see the contract.
Re: 04 Prices continue to drop...
It's possible that the car had a salvage title on it. The cheapest Crossfire I've heard about is in Glendale, California at Star Chrysler Jeep. It's a new 2004 stick with a $34,500 MSRP and going for $25,000. I saw this in last weeks Sunday LA times newspaper.
Last edited by OutOvTuch; 04-13-2005 at 10:54 PM.