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Top 10 Cars/Trucks With the Worst Residual Value for 2005
- Thread starter NFS4
- Start date
masterxfob
Diamond Member
nice 🙂
although i'm kind of surprised that there aren't any daewoo's or hyundai's on the list.
although i'm kind of surprised that there aren't any daewoo's or hyundai's on the list.
That's because the they churn them out like the US government prints $'s. What is the problem with cheap transportation that is also reliable and cheap to maintain? I have a 1996 S-10 with 150K miles (owned since mile 5), the only problem so far is the AC compressor. A whole $400 worth of extra maintenance besides normal consumables such as oil, brakes, fluids, etc.
MercenaryForHire
Lifer
Unless you're the guy buying the worthless "new" 5-year old domestic every 3-5 years - in that case, you're the one doing the screwing. 😀
- M4H
Ever stop to think maybe people pay too much for domestic cars in the first place? That's my theory. Never purchased a new domestic car, and probably never will. However, when I priced used domestic trucks, they were priced way too high IMO. Seems like they hold their value pretty well to me. I figured I may as well buy new, as cough up the high price for a used one.
BTW, that's a weird list of "trucks". Where's the 1/2 and 3/4 ton long beds? That's the only trucks I'd be interested in...
BTW, that's a weird list of "trucks". Where's the 1/2 and 3/4 ton long beds? That's the only trucks I'd be interested in...
C'DaleRider
Guest
But most of the "worst" at holding their residual value are almost exclusively bottom-feeder models.
I find it more interesting that neither Kelley Blue Book nor Edmunds list any Honda in the top ten in retaining the highest percentage of residual value. Almost all of those vehicles are very high-end vehicles, very expensive. MB CLK55, Ford GT, Lexus SC 430 and ES 330, Audi S4, Corvette, BMW 5-series, Audi TL, Infiniti G35, NIssan Z350, MINI Cooper, Porsche Cayenne, etc.
I guess it figures when a manufacturer cookie-cutter produces a product in huge quantities at a cheap initial price that it can and does lose a lot of its original value.
KBB states that the average new car, over 5 years, loses approximately 65% of its original value. So losing 70% isn't THAT terrible. Worse than average, but someone has to be worse than average to have an average.....and some have to be better than the average. Such is life.
I think most who purchase the bottom-feeders go into the purchase knowing the residual value isn't going to be anything like it would be if an MB or BMW was purchased. To each his own.
And as for trucks, you forgot to mention that the domestics hold 5 of the top ten places in retaining BEST residual value..........guess it slipped your mind, eh?
I find it more interesting that neither Kelley Blue Book nor Edmunds list any Honda in the top ten in retaining the highest percentage of residual value. Almost all of those vehicles are very high-end vehicles, very expensive. MB CLK55, Ford GT, Lexus SC 430 and ES 330, Audi S4, Corvette, BMW 5-series, Audi TL, Infiniti G35, NIssan Z350, MINI Cooper, Porsche Cayenne, etc.
I guess it figures when a manufacturer cookie-cutter produces a product in huge quantities at a cheap initial price that it can and does lose a lot of its original value.
KBB states that the average new car, over 5 years, loses approximately 65% of its original value. So losing 70% isn't THAT terrible. Worse than average, but someone has to be worse than average to have an average.....and some have to be better than the average. Such is life.
I think most who purchase the bottom-feeders go into the purchase knowing the residual value isn't going to be anything like it would be if an MB or BMW was purchased. To each his own.
And as for trucks, you forgot to mention that the domestics hold 5 of the top ten places in retaining BEST residual value..........guess it slipped your mind, eh?
FrustratedUser
Lifer
Which in turn means.... good option as used.
MrCodeDude
Lifer
Go America!
sniperruff
Lifer
i guess he just finds it to be funny, which i also do.
and i guess this post will offend quite a number of american-lover's to the same extent of a bush post will offend republicans.
That still doesn't answer the question though. You obviously "like cars" in general, as you typically post in most of the auto related posts in the forum. However, you (and a lot of others, not trying to "pin" this particular behavior on you) seem to take some sort of enjoyment and/or pleasure with any news such as this related to domestics. I've always found this strange considering it's primarily coming from North American posters. These days with some Hondas and Toyotas being made in the US, GMs in Canada, Fords in Mexico, etc. etc. I understand it's not quite so simple as imports vs. domestic, but I don't understand why some seem to want to see the "domestic" manufacturers flounder and fail?
thomsbrain
Lifer
what's even funnier is GM hyping the Malibu Maxx as an "American Revolution." The Malibu is a re-wrapped Saab. But that's no surprise from the company that has had to turn to Honda, Toyota, Izuzu, Daewoo, and Suzuki (any others i'm missing here?) for help building half-way decent cars.
so, it's neither american, nor is it a revolutionary strategy for GM.
thomsbrain
Lifer
american manufacturers have foisted utter crap on us for decade after decade, with the hope that we will buy it just because it's "made in america" or because we're too stubborn or clueless to buy anything else. i find their assumption that i, mr. consumer, am an idiot, to be offensive. at worst, they're arrogant pricks, assuming that they are entitled to sell me a car regardless of quality. at best, you can only see them as well-meaning incompetents. and so i'll happily take my dollars elsewhere and gloat in their misfortunes until they take me as a consumer seriously, and provide products that deserve my money.
NFS4
No Lifer
It's not a matter of wanting them to fail, it's just rather amusing that each time they aim at beating Honda and Toyota at their own game, they turn out yet another sub-par product.
Take for example the Chevy Colorado and GMC Canyon. GM hyped them up as being the second coming and how they were larger and more powerful than the Frontier, Tacoma and outgoing S-10/Sonoma. Well of course, they benchmarked the existing Tacoma and Frontier when they released these models for '04. And guess what happens, Toyota and Nissan release ass-whippin' new '05 Tacomas and Frontiers that make the Colorado/Canyon look like girly men. Worse yet, the Colorado has been selling in less numbers than the "weaker" S-10.
The tide is shifting as the domestics have unleashed fresh products like the 300C/Magnum. But for every step forward, they take two steps back. Take for example the Ford 500 and the Freestyle. Ford releases for the most part competent vehicles, but saddle them with a weakass 3.0 liter Duratec that was "fresh" back in 1995. The engine was pretty hot ten years ago, but today is outclassed by nearly everyone.
Pepsi90919
Lifer
to contrast, i had a 99 S-10 with $1500 of electrical problems, AND THE AIR CONDITIONING.
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