Have a question or want to start a discussion? Post it! No Registration Necessary. Now with pictures!
- Mike Hunter
November 19, 2008, 6:42 pm
rate this thread
5 out of 5
5 out of 5
I believe it is time for Kelly to enter the real word of NEW car pricing.
Basing the residual value of a used car, on MSRP is misleading. Everyone in
the business knows most of the imports that look better, have a much higher
drive home price on average. Those that do not look as good, have a far
lower drive home price vis a v the original MSRP. Particularly when one
considers the fact most import brands do NOT offer anywhere near the
residuals, PROJECTED by Kelly, by the brands own dealerships.
Astute new cars buyer know that the actual drive home pricing should be the
criteria for basing residual value, as a PERCENTAGE of the actual original
selling price. Remember KELLY reflects the wholesale market, generally,
NOT the retail market. NADA is much closer to showing what is actually
happening in the NEW car market.
In the real world, now that I am buying domestics, I am paying out at least
one third and as much as one half LESS every two years, than what I was
paying out when I was buying imports every two year. I am saving hundreds
of dollar are preventive maintenance as well because the shop rates are $20
or $30 less at the domestic dealerships
- » GM recalls over 230,000 more Trailblazer-family SUVs over door electronics
- — Newest thread in » General Motors Forum
- » GM recalling Cadillac ATS, XTS, Chevy Impala over faulty brake lamps
- — Last Updated thread in » General Motors Forum
- » Toyota recalling 87k 2010 Prius, Lexus HS 250h models for brake issue
- — The site's Newest Thread. Posted in » General Toyota Forum