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Screw you Cash For Clunker!

iamwiz82

iamwiz82

Lifer
Used car prices are just insane now. :\. Anyone with a dealer license notice that auction prices have just skyrocketed? Cars that would have sold for $5,000 last year are now selling for $7,500. 🙁
 
iamwiz82 said:
Used car prices are just insane now. :\. Anyone with a dealer license notice that auction prices have just skyrocketed? Cars that would have sold for $5,000 last year are now selling for $7,500. 🙁
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And just think, even if you're not in the market, you already bought in with your tax dollars.
 
yup pretty much. I was looking for a nice car in the mid teens. and I ended up saying fuck it since what you could buy in that range that good and nice is only about 4-5k cheaper then something new so I just went new and got better finaning
 
Yeah, it's pretty sad when you could find a nice "beater" for under $1000. Now they are selling pure junk for $2000 or more.
 
It might have messed up the low-end market but high-end vehicles are still depreciating like a rock.
 
Naustica said:
It might have messed up the low-end market but high-end vehicles are still depreciating like a rock.
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No high-end vehicles compete with a Wrangler when it comes to offroading. Throw in topless/doorless and it's a complete joke to talk about competitors, unlesss we throw in a sawzall.
 
The low end, especially, and the mid-range on used car market has certainly gone up. People are asking ridiculous amounts of money for their beat up Civic, Corollas, and even POS Tiburons and tCs. At $2000-5000 range, nothing is really worth it unless you absolutely need the transportation. Once you get close to $10k range things starts to look sane again. When you open up to $15-20k (where I was shopping at), there were deals to be had, as people start to turn in their lease cars crowding in with people trying to downsize their stable with the economic downturn.
 
My eyes about dropped out of my head when the dealer told me 6 months ago that he'd give me $5000 for my 2001 Taurus with 140k miles on a trade in. The car has damage on the right side from someone sideswiping it and the shocks/struts are totally shot. $5k? Seriously? Dear LORD!

The Ford Edge I was looking at buying was $18k with only 8k miles on it. 13K for an Edge?

Of course, I still couldn't afford it, but wow.
 
Pulsar said:
My eyes about dropped out of my head when the dealer told me 6 months ago that he'd give me $5000 for my 2001 Taurus with 140k miles on a trade in. The car has damage on the right side from someone sideswiping it and the shocks/struts are totally shot. $5k? Seriously? Dear LORD!

The Ford Edge I was looking at buying was $18k with only 8k miles on it. 13K for an Edge?

Of course, I still couldn't afford it, but wow.
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wow... 😱
 
Pulsar said:
My eyes about dropped out of my head when the dealer told me 6 months ago that he'd give me $5000 for my 2001 Taurus with 140k miles on a trade in. The car has damage on the right side from someone sideswiping it and the shocks/struts are totally shot. $5k? Seriously? Dear LORD!

The Ford Edge I was looking at buying was $18k with only 8k miles on it. 13K for an Edge?

Of course, I still couldn't afford it, but wow.
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I've never traded in a car before but can't you just trade in a car without having to buy another/new car? I mean if you feel they overvalued your vehicle, why didn't you just trade it in right then and there?
 
I thought I got a decent price for my RX-8, and I seen a bunch of used cars during the last few weeks for little money.
 
obamanation said:
I've never traded in a car before but can't you just trade in a car without having to buy another/new car? I mean if you feel they overvalued your vehicle, why didn't you just trade it in right then and there?
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It's not the same. If you just "sell" the car to the dealer you aren't giving them any profit on the sale of vehicle on their lot. They can't double dip on profits so they won't give you as much.
 
vi edit said:
It's not the same. If you just "sell" the car to the dealer you aren't giving them any profit on the sale of vehicle on their lot. They can't double dip on profits so they won't give you as much.
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Unless you go to places like CarMaxx who guarantee a price regardless.

Or you negotiate with the dealer to have them buy your car, get a guarantee to buy not contingent on your purchase like CarMaxx does. Depending on the dealer, they may do this.
 
Not around here. I can still find nice cars for a song!
My eyes about dropped out of my head when the dealer told me 6 months ago that he'd give me $5000 for my 2001 Taurus with 140k miles on a trade in. The car has damage on the right side from someone sideswiping it and the shocks/struts are totally shot. $5k? Seriously? Dear LORD!
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Holy crap but I imagine he was making up for it elsewhere. Most stealerships will just send that to the auction house and that POS would never get anything close to $5k at auction, not even half that. My 2000 Maxima with 134k in damn good condition for its age I was offered $2k trade-in by one dealer and another the guy didn't even want to tell me; he just said don't bother, do it private. In the end I am selling it this week for $4000 private. I think it's a damn lot of car for that price but I've seen a local 2003 Maxima with under 100k for $6500 and another for $7500. I could _maybe_ have squeezed $5k out of this if I'd really spent some weeks at it (probably more like $4500) but it's a major hassle dealing with the inbreds who buy used cars. More times than not they simply drop off the face of the planet for no reason at all (and not after they've seen the car, which could be a valid reason, otherwise).
 
43st said:
It's such a shame.. that money would've been so much better spent by the banking industry.. hell even that money pit in Middle East could've used it more. Pray for America. ()🙂
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Or how about the money staying in the taxpayers' wallets? I vote for that one.
 
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