which car depreciates the least?

[Hakkola]

Yeah, but after that huge drop they don't really go down a whole lot at all.

How can people afford these cars??? Tons of people lease, they don't buy them outright. OHH, and also there's tons of people in this city who are stinkin rich, or buy nice cars and live in shit houses. It's all a matter of what's important to different people, some NEED to have a sweet car and don't care about much else.

[mwmhong]

Originally posted by Stealth R/T
A 1982 Pontiac Acadian. Its worth $500 now and it will be worth $500 in ten or twenty years.

LOL! A fully depreciated asset depreciates the least!

[m@+CH]

yeah the vr6's never go down
corrado r still so damn pricy

[Fuji]

Originally posted by EnRich
Actually you couldnt be more wrong... I have a friend that lives here in Mckennzie... I;ve gone to school with him since grade 5 saw him at a few parties... saw him last at new years... ANYWAYS... he owns lots of cars... His parents own like 12 cars and they keep ordering new ones... I had a brand new Ferrari in 2001 RED.... They sold it and ordered some new lotus that they just got a few months ago... He lost around I think he told me he lost alot of money on that car... Something like $40,000.... He told me he lost most of the money in interest... He said it was something like 50% interest or something on that car... I know it sounds fucked up, but I aint a liar... He told me he actually only lost like $7000 on the actual car.... Anyways... Money np to him... I rem when I bought my prelude, he bought a RSX like 2 weeks before i got the prelude... I saw him take his wallet out and pay the fucking guy with a credit card, and it was a TYPE S 2001 RSX, which he still owns, its a school car in Toronto or something... He took me home on New years in a brand new 02 Hummer... Unreal how much money this kids parents have...

Does he Have a sister? If so please PM me the phone number.

[yakish]

Originally posted by KoRnJD


We have a 745i in the showroom right now. The price is around $115,000 +GST.

Now, you too can lease one for only $1,570/month with only $5,000 down...

thats nice I mean leasing

[hjr]

Benz has a problem of drastic inital depreciation. My dads friend got a 97 430 (?sl?) for much much much less than it cost the original owner. but the car has flattened out now. Like Hakkola said.

[EnRich]

Haha .... No sister... But a little bro if your interested... ; ) hahaha

RICH

[Redlyne_mr2]

the 2nd gen mr2's seem to have reached a plateau in terms of resale value, the price never seems to go down on them even though the car is over 10 years old...and the value of my damn ae86 seems to grow.

[Glowrider]

Here you go, hard numbers from Auto Spies. Hope this helps.

http://www.imakenews.com/autospies/e...e000100154.cfm

[RiCE-DaDDy]

damn...i got 6 grand!! 6K!!! let me put that Bently I was thinking about on layaway!

[mrmattyk]

Originally posted by Redlyne_mr2
the 2nd gen mr2's seem to have reached a plateau in terms of resale value, the price never seems to go down on them even though the car is over 10 years old...and the value of my damn ae86 seems to grow.

The AE86 price has gone up. I attribute this to Initial D(uncan), since Hochi Roku is so cool and everyone wants one. It's an older car as it is, and finding one in good condition is quite challenging which brings down the supply.

[hinggu]

Originally posted by EnRich
I rem when I bought my prelude, he bought a RSX like 2 weeks before i got the prelude... I saw him take his wallet out and pay the fucking guy with a credit card, and it was a TYPE S 2001 RSX, which he still owns, its a school car in Toronto or something...

I thought the dealers won't let you pay for the entire car with a credit card. My buddy tried that to get his "bitch" miles and the BMW dealership said no way. And when I bought my sentra, they only allowed us to put $5000 with the credit card. I think the dealers don't want to lose $$$ from the visa commission.

[4wheeldrift]

Originally posted by James


...anyone know where i can find proof of that? a specific automotive consumer magazine?...I Dont want my parents to buy another crappy low end domestic and they get mad when they turn around to sell it 2-3 years later and lose $$$$ of dollars. all i say is well if it were an import you wouldnt be having that problem. just dont listen.

If you're going to get a new car every couple of years, you are better off leasing it. Buying a new car only to sell it in 2 or 3 years is throwing away money.

[HRD2PLZ]

Originally posted by hinggu


I thought the dealers won't let you pay for the entire car with a credit card. My buddy tried that to get his "bitch" miles and the BMW dealership said no way. And when I bought my sentra, they only allowed us to put $5000 with the credit card. I think the dealers don't want to lose $$$ from the visa commission.

Yeah, I can't remember how much NW Acura let my dad put on his visa for air miles but it wasn't very much, and High River Honda only let us put $2500 of my car on it I think the dealerships have to pay the credit card company a certain percentage of the transaction, so they tend to put limits on it.

[Ben]

I believe Mastercard and Visa are 3% of the transaction and AmEx is 4%

[boi-alien]

Originally posted by hinggu


I thought the dealers won't let you pay for the entire car with a credit card. My buddy tried that to get his "bitch" miles and the BMW dealership said no way. And when I bought my sentra, they only allowed us to put $5000 with the credit card. I think the dealers don't want to lose $$$ from the visa commission.

no car dealership is willing to do that, they have to pay a percentage of the actual sale. so it'd be pretty brainless of them if they sold the car on a CC

[max_boost]

Most cards won't have a $50K limit anyway! haha

[boi-alien]

Originally posted by max_boost
Most cards won't have a $50K limit anyway! haha

amex has no limits, but yea you're right about that one

[KoRnJD]

Well,

IF this happened, one of two things are possible;

1. The dealer charged your friend WAY too much for the car, and could therefore absorb the credit card fees, but something fishy is going on here... (unlikely scenario)

2. The dealer, and your friend arranged it so that the buyer would pay the percentage to VISA (or whoever) for the transaction. (more unlikely because Air Miles aren't worth that much...)

My .02

[Glowrider]

I thought the dealers won't let you pay for the entire car with a credit card. My buddy tried that to get his "bitch" miles and the BMW dealership said no way. And when I bought my sentra, they only allowed us to put $5000 with the credit card. I think the dealers don't want to lose $$$ from the visa commission.

Depends on the car I guess. When you buy an M car from BMW (M5, M3, M Coupe, M Roadster), you have to pay 10% of the total cost of the car up front. Then, you have to pay the rest off within a month. If you plan on financing a car like that, you have to get it from the bank. BMW Finance Dept. won't do it.

I paid for the 10% with a credit card. The rest of it came straight out of my checking account.