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Free maintenance is over-rated...
Posted by James D [Email] (more from James D) on Thu, 24 Jun 2004 19:27:47
In Reply to: Back in the mid 90's......., Mike Lynch
[Profile/Gallery]
, Thu, 24 Jun 2004 14:41:56
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You're right...I do buy used. I don't, however, experience the depreciation you noted because I don't trade in my cars for the sole reason the dealer will offer $3K on a car worth at least $7K. I also won't buy a Saab from a Saab dealer. I'll go to the Ford dealer who happens to have one sitting ignored on their lot for 2 months. They're MUCH more negotiable cause they just wanna get rid of that thing. Just my experience...
For the record, the free maintenance thing is so over-rated. You get a couple of oil changes (literally) and two services. That's a value of *maybe* $1,000. That 'value' is reflected in the price of the car, so you didn't really get anything for free. As you so duly noted, new car prices have been increasing at a pretty good clip. Its to make up for longer warranties, free maintenance, more goodies, etc.
I do remember everyone saying the used car market would crash because of all these off-lease vehicles. I think that's when the CPO was born...buy a pre-loved car w/ low miles. Tack on a few extra thousand and extend their warranty. That's another over-rated gimmick...I'd rather buy the non-CPO (save $2000) and buy an aftermarket warranty for less.
posted by 68.163.213...
Posts in this Thread:
- Lease programs contributing to high depreciation..., James D, Thu, 24 Jun 2004 13:08:33
- Back in the mid 90's......., Mike Lynch
, Thu, 24 Jun 2004 14:41:56- All good points, as usual, Mike, but does a typical, Noel, Fri, 25 Jun 2004 08:02:05
- Re: Back in the mid 90's......., TML
, Thu, 24 Jun 2004 19:59:12 - Free maintenance is over-rated..., James D, Thu, 24 Jun 2004 19:27:47 <-- Viewing This Message
- Good Points Mike...but I'll add something>>, PGAero
, Thu, 24 Jun 2004 15:49:00
- We need Mike Lynch in here, as he deals with this daily, Noel, Thu, 24 Jun 2004 14:17:43
- Re: Lease programs contributing to high depreciation..., Atul, Thu, 24 Jun 2004 13:42:42
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