So long, good bye. This was my last GM vehicle. Way, way too many
problems with our well maintained four year old vehicle.
'96 Seville STS
All told that adds up to about $100k I spent with *&)(*&)( GM over an
eight year period of time. Got killed at trade-in time on all of them
thanks to rotten GM car resale values. The long history of pumping GM
vehicles into rental fleets, spotty reliability and deep-discount
clearance sales have really destroyed used car values for GM and Ford
No more for me, and you need not worry about hearing from me in this
newsgroup anymore. Got rid of the GM stock. Got rid of our last GM
product, and soon to ditch the GM Card credit card. Yet another once
loyal customer and investor official joining the never-again club.
Well, our two recent minivans from GM most certainly did suck if you
count basic reliability as a criteria. GM might be making some good
vehicles, but you cannot tell it by the ones they sold me.
Also, poor resale values as compared to Toyota or Honda vehicles is an
objective reality easily confirmed with edmunds.com or kbb.com. Check
out the trade-in value vs. original price on any three year old Chevy
car vs. it's comparable vehicle from Toyota or Honda to see for yourself.
For example, a 2003 Malibu LS V-6 on edmunds.com shows $7,225 as the
nominal trade-in value. A 2003 Honda Accord LX Automatic is $12,824
trade-in. Both cars sold for about $20,000 new, yet the Honda has
retained ~$5,000 more of it's value.
This is not a matter of opinion, it is a matter of fact.
A vehicle is a matter of preference. If you like Honda's or Toyota's, that's
fine with me. Go ahead and drive one. I have always had GM cars and have
loved every one of them. Have I ever bought brand new? Nope. Always used,
and always with tons of KM's on the odometer. My last car had 284,000KM's on
it when I sold it to a family member. 3800 Series II still running like a
million bucks, body in excellent shape and not a damned thing wrong with it.
As for Honda's and Toyota's, I have only been in a few, but I found them to
be extremely uncomfortable. The seats were terrible, and I didn't like the
controls. The car also handled like a mac truck. But, like I said, it's all
up to the driver on what he/she wants. My favorite out of all my cars was my
'82 Trans Am. Got it dirt cheap with only 86,404KM's on the odometer. Put
around $300 into it, and she ran like brand new. Not one spot of rust on the
entire body, and the engine was mint. Damn I miss that car...
GM has nothing to benefit when you buy used. If everybody did what you do
GM would have been bankrupt a long time ago. But I agree with you that if
buy used american you have very little to lose because of the huge
Not everyone has the bank account to buy a new vehicle. Plus, every car, and
I say again, *every* car will eventually break down, whether it be minor or
major, so GM as well as all the others still make money off us poor folk who
buy used cars.
A new car purchase isn't always based on how much money that individual has.
There are lots of cheap wealthy people who don't care if their car is old
My neighbor makes 5 million/year and he drives a 92 Cutlass Supreme.
He just doesn't care how old a vehicle is he will repair it.
Oh, probably......In the search for a 'status symbol', a lot of those
poverty level people buy new, fairly expensive, cars. They don't ask how
it costs...they ask if they can get the payments down to $150 per month (or
In the mid 1980s my Uncle drove a Chevette and he was a Shell Oil VP/
research General Manager. I commented to him that his suit that he was
wearing was worth more than his 3 y.o. car. He did not care about the car.
It had AC and he was comfortable driving 60 miles each way to work. He
easily could have bought any car.
Perhaps the reason rich people drive older cars is because buying a new
car is quite possibley the stupidist thing you can do with your money.No
matter what new car you buy you LOSE BIG and it starts just as soon as you
drive off the lot.Every time I have to put a little money in my '95
Silverado Z71 with 212,000 miles on it (which isn't that often) I just stop
and think about my friends dishing out 5-6 hundred a month plus insurance
for their new truck and I smile and write the mechanic a check.I guess it's
just a matter of priorities and what makes you happy.I prefer to spend my
money on things I feel are more important.
thats what I have done for the last couple years
1976 Chevrolet Nova, bought it, drove it 4 months, no repairs, sold it for
1993 Mercury Cougar, bought it, drove it 4 months, no repairs, sold it for
what I paid for it
1986 Dodge Aries wagon, bought it, bought new tires, sold it for $500 profit
1991 Dodge Dynasty, bought it, drove it 7 months , no repairs, sold it for
1991 Ford Taurus, bought it a couple weeks ago, runs strong, 77,800 miles,
as confirmed by previous owner that bought it new. my insurance agent wants
first chance at it for her daughter in 6 months or so
some people have car payments, I have computer payments LOL
Your experience is the same as mine and lots of others. Look around, there
are several other manufacturers around that still know how to make a quality
Consumer Reports magazine might be a good place to start your search.
My wife, daughter, and I love our Toyotas.
Former GM customer
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