D
J
JPH
I didn't find the story at that link, but did find it at this longer link;Dave said:
http://foxnews.smartmoney.com/ask/index.cfm?story=20060516
J
Jozef
JPH said:
Yes. But consider this. My 1996 Hyundai Accent which depreciated like wild
fire the moment I drove it off the lot after paying $7,500 for it brand new
now has 210,192 miles on it. With an average mpg around 40 miles/gallon, I
figure I got my money's worth and could care less about depreciation. With
some luck, thus now starting to rust, machine will reach 300,000 miles on
the odometer. I hope so. I'm trying to catch up with my wife's 1993 Subaru
Impreza which has 229,313 miles on it before either car gives out.
M
Matt Whiting
Jozef said:
Very true. I also tend to keep my vehicles until "death due us part"
and so depreciation is merely a fictitious expense dreamed up by
accountants. Now if you are one of those "more money than brains"
people who trade cars every year or three, then depreciation is a very
real concern.
Matt
E
Eric G.
Man, good thing you put the "more money than brains" in quotes or you might
just have started another flame war
Of course, what other reason couldsomeone have for buying a new car every few years except for having too
much money and too little brain?
How does someone with such a big brain wind up saying such stupid stuff all
the time? Or do you really believe everything you say?
Hey, you know you are entitled to your opinion. But you probably know what
they say about opinions....
Eric
P.S. - I usually turn over my cars every few years for the plain and simple
reason that I am tired of them. Or something better has come along. I
can't do it with my wife (too expensive).
D
dave
'I drove it off the lot after paying $7,500 for it brand new now has
210,192 miles on it. With an average mpg around 40 miles/gallon, I
figure I got my money's worth and could care less about depreciation'
REPLY: Ill second that ! Boy, you cant complain about that car .
210,192 miles on it. With an average mpg around 40 miles/gallon, I
figure I got my money's worth and could care less about depreciation'
REPLY: Ill second that ! Boy, you cant complain about that car .
C
Christopher Wong
Hyundai and Kia suffer from one specific disadvantage in resale value: their
warranty. Your shiny new Hyundai is a used car the moment you drive it off
the lot. That means when it's sold, the 10/100 powertrain warranty
evaporates, leaving you with the basic 5/60. Ever tried to purchase a 5 year
powertrain warranty on a used car? That is the equivalent value lost in the
transition between new and used.
Chris
J
Jack Cassidy
Christopher Wong said:
That's still better than the 3/36 on many new cars. I am more inclined to
believe that Kia and Hyundai take a big depreciation hit because many people
still think of them as being junk, they're not anymore, at least not all of
them, But that reputation is hard to shake. That coupled with the fact that
for whatever reasons, it seems like Hyundai and Kia dealers bend over
backwards to try to void the warranty and make you pay for everything. My
sister has a 2000(?) Kia Rio with 15,500 miles on it that has been trouble
from the day she purchased it, and she swears she will never buy another. I
have a 2005 Hyundai Accent, My first Hyundai, Probably will be my last,
Great little car, lousy dealer. My brother lost one Hyundai in hurricane
Katrina, and traded the other one in shortly after, Neither replacement is a
Hyundai. In my opinion, Hyundai has come a long way but needs to clean up
its act with many of their dealers, It's hard to build customer loyalty when
the dealers try to screw everybody.
Jack Cassidy
T
Tunez
HAHAHAHA Here we go again ........
Eric G. said:Man, good thing you put the "more money than brains" in quotes or you
might
just have started another flame war
could
someone have for buying a new car every few years except for having too
much money and too little brain?
How does someone with such a big brain wind up saying such stupid stuff
all
the time? Or do you really believe everything you say?
Hey, you know you are entitled to your opinion. But you probably know
what
they say about opinions....
Eric
P.S. - I usually turn over my cars every few years for the plain and
simple
reason that I am tired of them. Or something better has come along. I
can't do it with my wife (too expensive).
M
Michael
Eric said:
Hmmm, a car is a tool , nobody "gets tired" of a tool ...... you can
tell
yourself what you want though .
T
Tunez
Eric SAID .......
P.S. - I usually turn over my cars every few years for the plain and simple
reason that I am tired of them. Or something better has come along. I
can't do it with my wife (too expensive).
Good one Eric I too turn my cars over every few years, Better looks better
technology ECT.
I also did it with a wife once !!!!! but it was well worth the
expense...hahahahaha
Tunez
P.S. - I usually turn over my cars every few years for the plain and simple
reason that I am tired of them. Or something better has come along. I
can't do it with my wife (too expensive).
Good one Eric I too turn my cars over every few years, Better looks better
technology ECT.
I also did it with a wife once !!!!! but it was well worth the
expense...hahahahaha
Tunez
M
Matt Whiting
Eric said:Man, good thing you put the "more money than brains" in quotes or you might
just have started another flame war
someone have for buying a new car every few years except for having too
much money and too little brain?
How does someone with such a big brain wind up saying such stupid stuff all
the time? Or do you really believe everything you say?
Yes, I mean what I say and I say what I mean. I realize that is
becoming increasingly rare in this PC world in which we live, but, hey,
that is me.
Matt
M
Mike Marlow
I like depreciation. I buy my cars 1-2 years old and I like those cars that
take a nice first year hit.
More money than brains? That's what I used to think too,, but the more I
work on cars now, the more I believe those folks may not be so stupid.
Drive 'em trade 'em in before you have to do *anything* to them, and go
about the other things in life. What the heck - a car payment is a car
payment. Why worry about depreciation if you're resigned to a car payment
for the rest of your life.
M
Matt Whiting
Mike said:
Yes, you obviously have more brains than money.
Well, I've owned, I think, five vehicles now that I purchased brand new.
Let me think - 84 Accord, 86 Comanche, 89 Acclaim, 94 K1500 and 2006
Sonata, yep, five, oh, 8 if you count motorcycles!. I've had more
trouble and more trips to the dealer per unit time during the first
three years of ownership of the new vehicles, than during any three year
time I've owned any of the vehicles that were more than three years old,
with only one exception. When my 96 minivan had an intermittent fuel
pump problem at the 150,000 mile mark, I had it in the shop 4 times in
less than a year before they found the problem.
So, I my personal experience doesn't bear out the "new car is less
trouble" theory. My vehicles have typically been most reliable in the
3-8 years of age and 40 - 150K miles range. That is one reason that you
see my new car purchase spacing getting ever longer.
Three kids totear up vehicles is the other reason!
Matt
M
Mike Marlow
Christopher Wong said:
Huh? You lost me with that logic Chris. The Hyundai comes with the 5/60
power train warranty used, and you would have to purchase that with most
other used cars. How is that a depreciation factor? Hyundai and Kia suffer
steep depreciation because of the reliability issues in their earlier years.
The quality of these cars has come up enormously in the past few years and
as a result the depreciation is starting to reflect that. In a short time
you will see them depreciating no more steeply than any other car in their
class.
E
Eric G.
When a better tool comes along, something that makes the day-to-day use of
that tool more desireable, and I get to try the new tool, yes, I do get
tired of the old one rather quickly.
When it is not costly to keep it, I will keep the old tool for future use,
but with limited space and finances, keeping a car around forever isn't
really practical.
Thanks for your opinon though.
Eric
E
Eric G.
Tunez said:
I'm starting to think that one time (with the wife) might be worth it too
But apparently we are wealthier in finances than thought.
Eric
E
Eric G.
More power to you. I do the same most of the time. It's the fact that
you believe what you say that scares the crap outta me. But, hey,
that's just me.
Eric
E
Eric G.
I'm sure you are saying some of that tounge-in-cheek, but you do make a
good point. Since 1990, my car payments have only gone down (admittedly,
not much) each time I traded up.
A few times I traded up my car loan was actually "upside-down", but that
hasn't happened yet with my Hyundai's.
Eric
M
Matt Whiting
Eric said:
Be afraid. Be very afraid.
I'm curious; what do I believe that "scares the crap outta" you?
Matt