1st Jul 2008, 21:09
ALL SUV's are dropping in value like a rock now, because of skyrocketing fuel prices. Our SUV is a very nice mid-size GM and has dropped $4,000 in value since January. Local dealers tell us this is par for the course for ANY SUV, even smaller imports.
Since ours is paid for and has performed flawlessly for over 60,000 miles, we are going to keep it. My wife already had stated that she wanted to hang onto it for at least another 150,000-200,000 miles because it is so fast, smooth and comfortable.
Our family has owned lots of GM cars, and currently has a Buick with over a quarter-million miles on it and no problems. At this point if you have a good SUV, the best bet financially is to just drive it as long as possible.
2nd Jul 2008, 10:01
It is about time people saw sense and stopped buying unnecessary SUVs-did you not see this drop in demand coming?!
I looked at the increased environmental awareness and ever rising fuel prices and downsized to a fuel efficient car and mine has now gone UP in value, not down. I now look at SUV drivers with pity as they are wasting huge amounts of money in depreciation and fuel.
Hopefully the fashion for huge irrelevant trucks will diminish to such a level that the manufacturers will stop building so many! Perhaps a licence to own one, granted only if essential for farming or towing would be the answer...
(PS this is just another point if view, not an invite for abuse...LOL)
18th Sep 2010, 16:35
No cars go up in value except "classic cars". Your econobox will depreciate like all others.
28th Sep 2010, 10:47
Actually, I had a 2005 Suzuki Aerio SX, AWD, with only 33K on it and at one point considered selling, but waited a while longer. By the time I got around to posting it for sale, the NADA and Blue Book value had actually risen some from when I first considered selling. Talk about surprised!!
But these excellent Japanese manufactured crossovers are rather in demand now as they get mid 20s MPG in town, and well over 30 MPG on the freeway, at a steady 55 to 60 MPH. People have finally tumbled to the convenience of the huge storage area, and relatively comfy seating for 4 adults in combo with AWD with electronic traction control to go skiing or handle snow and ice brilliantly.
It is an amazing design and is holding value admirably. So, at times, used retail does fluctuate up on some vehicles, much to my delight.
29th Jul 2012, 03:53
Only 25K hardy har har. Like 25K is chump change or something. I didn't even pay that much for my house, and it will out live that thing by a long shot.
And interiors are supposed to be cheap? Sure, that's why they run ads claiming the stuff is built like a rock instead of a plastic throw away toy.
Maybe they should hire you to be the PR guy, and you can sing your song to everyone about what a great thing it is to buy cheaply made products for 25k.
29th Jul 2012, 17:56
I happen to drive a compact 4x4 SUV that gets high teens in town and 23-24 MPG highway, and I happen to NEED such a vehicle living in New England, having a family and 3 dogs to shuttle to the groomers, vets etc.
Just because YOU don't have the need for such a vehicle, doesn't give YOU or ANYONE the right to tell me what I must drive.
By the way, I only drive when I have to, and put less than 3,000 miles on my vehicle per year, so I imagine I use a lot less gas than a lot of folks driving their tinny, buzzy, econoboxes. At least I'm driving something solid with enough power to get out of its own way, not to mention lots of creature comforts.
When you find a Nanny State that suits you, please feel free to pack up and head there. In the meantime, leave the rest of us alone.
4th Jan 2008, 21:35
Interesting how different folks have different points of view about a product.
My 2007 XL7 actually gets pretty darn good MPG's on the freeway, did a trip from portland, Oregon to Bremerton, Wash (4 hours drive) and was getting around 28.5 MPG and had a comfortable trip as well. This vehicle really isn't small like the first post had said, I'm 6 feet at 250 and find the xl7 easy to get into, and comfortable.
Be realistic, all cars depreciate regardless of brand or type of car, if you don't like the depreciation then don't buy new cars, this car is a joint effort from GM and Suzuki, but In my opinion it's much better than the crude Chevy Equinox that is made at the same plant.
I paid $19,000 for mine.