Trade in value of SUVs is crashing

[rh71]

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

 

[KK]

I wouldn't really care about the resale value on any vehicle I purchase, as I'm of the mindset that I'm keeping it til the fvcker dies or I crash it. The only thing that would sway my purchasing decision is the operating costs. my wife and I have three vehicles now, so we should be set on vehicles for awhile. If one of them happens to dies, then more than likely we'll go with a four door with good gas mileage, above 30MPG.

 

[BarneyFife]

This is great news. I'm sorry but every high school harry and joe six pack driving around yukons and f150s was ridiculous. I'm hoping for $5 gas prices just so we can get rid of everyday people driving this monster trucks and going back to cars. I want to be able to see in front of me and have a better chance in an accident.

 

[shocksyde]

I just moved 1.8 miles from my work. JACKPOT!

 

[spidey07]

This IS great news. Been wanting something to haul stuff possibly a fishing boat. What a great time to buy.

Am I a terrible person for using gas to power a boat as well? Freedom, love it.

 

[JulesMaximus]

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Edit-I just did a quick autotrader search and found 118 GMC Yukons for sale within 50 miles of me. Many of the 2005 models were listed for under $20k and most of these vehicles were dealer sales so you know they are overpriced. Many of them have low miles too...gee, I wonder why. :laugh:

 

[upsciLLion]

Originally posted by: JulesMaximus

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

 

[Inspector Jihad]

Originally posted by: Saint Michael

Originally posted by: thecoolnessrune
Yep, no one wants SUVs right now. But that wont be the death of them. After all there's still tons of people like me who never consider trading their vehicles in, and run every single vehicle they own 12-18 years until it simply can't be economically run anymore.

People like you? Aren't you 20 or something? How many vehicles have you run for 12-18 years?

the kid likes to feel grown up and important.

 

[AgaBoogaBoo]

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

You make a good point, however I think for a lot of people, an SUV is a luxury item that they really don't need, and they know that. I don't know why they would buy one not thinking about how gas prices will change though, that's just completely ignoring the trend in oil prices...

 

[JulesMaximus]

Originally posted by: upsciLLion

Originally posted by: JulesMaximus

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

Yet people have been doing it for decades now. I work with a woman who drives a Ford Expedition 90 miles round trip to and from work on a daily basis. She is married and has no children.

Unfortunately, home prices have plummeted where she lives so she owes way more than it's worth so she can't move and she's pretty much screwed.

She organized a car pool with 3 other people who live near her so that has cut her fuel usage by well over $300 a month. At least she's starting to think rationally...she's a Bush supporter too. God knows why. :roll:

 

[upsciLLion]

Originally posted by: JulesMaximus
Unfortunately, home prices have plummeted where she lives so she owes way more than it's worth so she can't move and she's pretty much screwed.

http://www.youwalkaway.com/

 

[SarcasticDwarf]

Originally posted by: upsciLLion

Originally posted by: JulesMaximus

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

You don't always have much of a choice.

 

[Megatomic]

Originally posted by: upsciLLion

Originally posted by: JulesMaximus

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

Sometimes it's unavoidable. The power plant I work at is out in the middle of the sticks, and I mean way the fuck out there. Now by your logic, no one with any intelligence should work there. I guess the plant is just going to operate/fix itself... :roll:

And I for one don't feel any remorse for those who drive around in big SUVs and trucks every day.

 

[upsciLLion]

Originally posted by: SarcasticDwarf

Originally posted by: upsciLLion

Originally posted by: JulesMaximus

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

You don't always have much of a choice.

How so, friend?

 

[0roo0roo]

Originally posted by: SarcasticDwarf

Originally posted by: upsciLLion

Originally posted by: JulesMaximus

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

You don't always have much of a choice.

yup, its not dumb when the equivalent house near the work would cost much more than the cost of commute as it almost always works out to be.

 

[krunchykrome]

Originally posted by: mugs

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV though.

I would say that if you recently bought an SUV and you're worried about losing money, you're pretty short-sighted.

I bought a 2008 CRV AWD about 2 months ago. Averging 24 mpg highway/city combined. I got SUV functionality with good gas milage, and Honda reliability.

A great decision on my part if I can say so myself.

 

[JulesMaximus]

Originally posted by: 0roo0roo

Originally posted by: SarcasticDwarf

Originally posted by: upsciLLion

Originally posted by: JulesMaximus

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

You don't always have much of a choice.

yup, its not dumb when the equivalent house near the work would cost much more than the cost of commute as it almost always works out to be.

No, but driving the least efficient car on the planet is dumb...which was really the entire point of this thread.

 

[upsciLLion]

Originally posted by: 0roo0roo

Originally posted by: SarcasticDwarf

Originally posted by: upsciLLion

Originally posted by: JulesMaximus

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

You don't always have much of a choice.

yup, its not dumb when the equivalent house near the work would cost much more than the cost of commute as it almost always works out to be.

Sounds like they need to pay more, or a new job is in order. There's no sense sticking it out in a situation like that.

 

[ponyo]

Originally posted by: krunchykrome

Originally posted by: mugs

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV though.

I would say that if you recently bought an SUV and you're worried about losing money, you're pretty short-sighted.

I bought a 2008 CRV AWD about 2 months ago. Averging 24 mpg highway/city combined. I got SUV functionality with good gas milage, and Honda reliability.

A great decision on my part if I can say so myself.

CRV is a car, not a SUV.

 

[foghorn67]

Originally posted by: upsciLLion

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

You're dumb for posting this.

 

[Jeff7]

Originally posted by: iamwiz82

Originally posted by: Crucial
Sounds like a great time to buy one.

Agreed. I'm sick of these $100 delivery charges for a 4 mile drive to deliver landscaping stuff or furniture.

Do you have U-Haul or something similar in the area?

 

[ElFenix]

now if only we could get another couple dollars of tax to truly reflect the cost of using oil as a primary energy source

 

[rh71]

Originally posted by: JulesMaximus

Originally posted by: 0roo0roo

Originally posted by: SarcasticDwarf

Originally posted by: upsciLLion

Originally posted by: JulesMaximus

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

You don't always have much of a choice.

yup, its not dumb when the equivalent house near the work would cost much more than the cost of commute as it almost always works out to be.

No, but driving the least efficient car on the planet is dumb...which was really the entire point of this thread.

Yet you owned an SUV too. While we're on the subject of NEED, you also had an STi. We go round and round on this repeatedly and you know it. Your arguments always bring up how it's a waste. I got news for you - people buy huge houses and may have 0 kids. I'm so done with this crap.

 

[TallBill]

Originally posted by: mugs

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV though.

I would say that if you recently bought an SUV and you're worried about losing money, you're pretty short-sighted.

I'm laughing about it actually. The state of cars in the US is still fucking pathetic. The only reason that there are not a dozen 70 mpg+ vehicles to choose from is because of idiot consumers.

Watch tv and see an ad every commercial break for a "high mpg" vechicle with a pathetic 32 mpg. Japan averages in the 40's!

 

[JulesMaximus]

Originally posted by: rh71

Originally posted by: JulesMaximus

Originally posted by: 0roo0roo

Originally posted by: SarcasticDwarf

Originally posted by: upsciLLion

Originally posted by: JulesMaximus

Originally posted by: rh71

Originally posted by: JulesMaximus
Not much of a surprise with gas prices over $4/gallon I guess. Sucks if you just bought an SUV with plans to sell it.

Fixed. Dunno why people buy things with resale value as a big factor. I thought people buy things to enjoy them. Vehicles != investments.

Yes, but you don't normally expect a $40,000 SUV to be worth half that a year after you buy it...not even an American made SUV. At $4/gallon SUVs lose their luster quickly, especially if you are commuting more than 30 miles a day. Why anyone without 3 plus kids drives around in these things daily is beyond me quite frankly...they make no economic sense whatsoever, which is probably why people are abandoning them in such high numbers.

Living 30 miles away from work is almost as dumb as using an SUV as a daily commuter.

You don't always have much of a choice.

yup, its not dumb when the equivalent house near the work would cost much more than the cost of commute as it almost always works out to be.

No, but driving the least efficient car on the planet is dumb...which was really the entire point of this thread.

Yet you owned an SUV too. While we're on the subject of NEED, you also had an STi. We go round and round on this repeatedly and you know it. Your arguments always bring up how it's a waste. I got news for you - people buy huge houses and may have 0 kids. I'm so done with this crap.

Yeah, I bought a piece of shit once and dealt with the horrible gas mileage and total crap that that vehicle was for 2.5 years. I won't make that mistake again either...and the utility didn't even come close to off setting the greater comfort, safety, reliability, fuel economy, or performance that a decent 4 door sedan could offer.

I see people bitch and moan about gas prices every single day yet many of them do nothing about it except make one bad decision after another. If you really need an SUV and you can't afford gas prices you'll have all the sympathy I can muster but most of these people did this to themselves. I don't honestly see what performance cars have to do with this. If I buy a fast car that gets horrible gas mileage I'll deal with it...or make changes. You don't see me pissing and moaning about gas prices though do you?

You'll notice that I didn't give you a rash of shit when you bought your X5 did I? You can bet that if I see you crying about gas prices I'll call you out on it though.