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Good Points Mike...but I'll add something>> Posted by PGAero [Email]  (#1143) [Profile/Gallery]
(more from PGAero) on Thu, 24 Jun 2004 15:49:00
In Reply to: Back in the mid 90's......., Mike Lynch  [Profile/Gallery]
, Thu, 24 Jun 2004 14:41:56
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I am a young Saab owner who is willing to trade some time and effort for the pleasure of owning a great car (9000 Aero) over a similarly priced car which is easy to find parts and mechanics for. (Saab parts are getting easier and easier to find thanks to places like TSN and Eeuroparts, etc.)
I do 90% of the work on my car, and I'm the one buying the car that's been around the block a few times...and therefore, hopefully, depreciated just about all it can. I also buy with cash...no financing for me, at least not yet.
Examples, you ask?
'85 BMW 325e, purchased for $4K in '96. Insurance paid $4793.57 after it was totaled in '99 (I put a lot of effort into cleaning it up.)
'89 BMW 325iS, Purchased for $5000 in '99 w/ insurance money, sold for $4000 in '03 w/ 191,000 miles.
'93 Saab 9000 Aero (44K), purchased last fall for $7400. I think it'll be worth $7400 for a while now (Granted, I got a great deal on a low-miles car, there have been similar cars here on the Saabnet for over $10K)
I think that there is a lot to be said for the ease having a new car (warranty, nice, un-molested, reliable (you hope anyway)etc.) And a CPO lease return is also a great option.
I must say that I don't think a six-year old car will return only $3K on trade-in. (Dealer trade-in values have always been a joke to me anyway). How many six year-old Saabs are being sold for $3K? (I guess I come from the school of thought that trading in a used car is like accepting 25% less than it's worth in a convenience charge for dropping off the keys and driving away in a shiny new one.)
My two cents. I'll be out there looking at new cars someday, but only when I can afford them...not just the payments.
Cheers!
~Peter
posted by 68.123.106...
_______________________________________ Current: '03 9-5 Aero Wagon, 5spd, Polar/Black Past: '06 9-5 Combi, AT, Polar/Black '04 9-5 Aero Wagon, AT, Nocturne/Granite '03 9-5 Aero Wagon, AT, Steel/Charcoal '00 9-3 Viggen, 5D, Silver/Black '93 9000 Aero, 5MT, Cirrus/Black (Owned this one twice) '86 900 SPG, 5MT, Edwardian/Buffalo Grey
, Thu, 24 Jun 2004 14:41:56
, Thu, 24 Jun 2004 19:59:12, Thu, 24 Jun 2004 20:04:18, Fri, 25 Jun 2004 19:20:24, Fri, 25 Jun 2004 21:10:41, Thu, 24 Jun 2004 15:49:00 <-- Viewing This Message, Thu, 24 Jun 2004 14:19:54
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