Car dealer help: Can someone tell me what my Excursion is worth?
06-28-2008, 08:48 AM
#21
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Forget market reports, guides, auction reports etc. The market changes with every transaction. Advertise it and see what you get for offers. We are witnessing one of the most staggering shifts in the auto industry I have ever seen. It's similar to the almost overnight collapse of the muscle car market in 1971. The difference is that your Excursion will likely never be collectible.
Don't make the mistake of looking at any dealers "trade value".
I'm a dealer myself and I'm at the point where I'm starting to advise people not to get rid of these vehicles right now. In most cases you'll be taking way too much of a hit in depreciation to ever make it up on your next vehicle(unless you buy another Excursion).
Drive it!
Don't make the mistake of looking at any dealers "trade value".
I'm a dealer myself and I'm at the point where I'm starting to advise people not to get rid of these vehicles right now. In most cases you'll be taking way too much of a hit in depreciation to ever make it up on your next vehicle(unless you buy another Excursion).
Drive it!
06-28-2008, 11:09 AM
#22
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Thread Starter
I'm starting to think the exact same thing. Just incredible what is happening. Excellent advice/post by the way.
Forget market reports, guides, auction reports etc. The market changes with every transaction. Advertise it and see what you get for offers. We are witnessing one of the most staggering shifts in the auto industry I have ever seen. It's similar to the almost overnight collapse of the muscle car market in 1971. The difference is that your Excursion will likely never be collectible.
Don't make the mistake of looking at any dealers "trade value".
I'm a dealer myself and I'm at the point where I'm starting to advise people not to get rid of these vehicles right now. In most cases you'll be taking way too much of a hit in depreciation to ever make it up on your next vehicle(unless you buy another Excursion).
Drive it!
Don't make the mistake of looking at any dealers "trade value".
I'm a dealer myself and I'm at the point where I'm starting to advise people not to get rid of these vehicles right now. In most cases you'll be taking way too much of a hit in depreciation to ever make it up on your next vehicle(unless you buy another Excursion).
Drive it!
06-29-2008, 08:55 AM
#23
Registered
Thanks for the offer. What are the dealer websites? Please feel free to e-mail me at [email protected]
superiorcars.com
06-29-2008, 09:56 AM
#24
Registered
I agree with Chris, and no one doing the math! It frustrates the hell out of me, I show people the numbers all the time. But, Math isn't truthful I guess?? My friend actually wanted to trade his diesel chevy for a gas one... the loss was going to be equivalent to 4 years worth of 5 dollar a gallon diesel, thank got he realized it wasn't worth it.
I wanted to upgrade to a newer duramax this year, and I love the lower prices. The problem is my truck is paid off, and It just seems easier paying for gas than the truck payment.
Everyone dumped their truck/suv at the same time. Flooded the market. It is amazing how predictable, and short sighted people are. Drive less!
I wanted to upgrade to a newer duramax this year, and I love the lower prices. The problem is my truck is paid off, and It just seems easier paying for gas than the truck payment.
Everyone dumped their truck/suv at the same time. Flooded the market. It is amazing how predictable, and short sighted people are. Drive less!
06-29-2008, 10:21 AM
#25
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Unless you are going to sell the truck you'll end up spending about $350 / month MORE than you spend today if you get a new second car in the rough price range you are talking about.
If you go out and buy a $7500 used car and spread that cost over 3 years you still lose about $170 / month vs. just driving what you have.
A lot of people do this thinking they are better off but unless you own the truck out right or someone else in your family that doesn't commute can use it and sell their primary ride it always ends up costing you more than what you think you are saving with the higher mileage vehicle.
Sorry for the poor formatting but here are the numbers assuming 25 mpg average on the new car and $3.80 / gal gas:
New car:
Truck Car Both Difference
Payment $600 $400 $1,000
Fuel $165 $38 $55
Insurance $100 $75 $175
Tires $100 $40 $74
Misc $20 $10 $30
Totals $985 $563 $1,334 -$349
Annual $11,820 $6,756 $16,002 -$4,182
Used $7500 car:
Truck Car Both Difference
Payment $600 $208 $808
Fuel $165 $38 $55
Insurance $100 $50 $150
Tires $100 $40 $74
Misc $20 $50 $70
Totals $985 $386 $1,157 -$172
Annual $11,820 $4,636 $13,882 -$2,062
Keep the truck!
If you go out and buy a $7500 used car and spread that cost over 3 years you still lose about $170 / month vs. just driving what you have.
A lot of people do this thinking they are better off but unless you own the truck out right or someone else in your family that doesn't commute can use it and sell their primary ride it always ends up costing you more than what you think you are saving with the higher mileage vehicle.
Sorry for the poor formatting but here are the numbers assuming 25 mpg average on the new car and $3.80 / gal gas:
New car:
Truck Car Both Difference
Payment $600 $400 $1,000
Fuel $165 $38 $55
Insurance $100 $75 $175
Tires $100 $40 $74
Misc $20 $10 $30
Totals $985 $563 $1,334 -$349
Annual $11,820 $6,756 $16,002 -$4,182
Used $7500 car:
Truck Car Both Difference
Payment $600 $208 $808
Fuel $165 $38 $55
Insurance $100 $50 $150
Tires $100 $40 $74
Misc $20 $50 $70
Totals $985 $386 $1,157 -$172
Annual $11,820 $4,636 $13,882 -$2,062
Keep the truck!
...
06-29-2008, 11:24 AM
#26
Lakeside Restorations.com
Commercial Member
This just in-
Brunswick Corporation in conjunction with Goldman Sachs has just announced a financing deal that will allow Fountain Powerboats (symbol: FPB) to purchase the Holy Roman Catholic Church in a cash and stock deal. Reggie Fountain will be assuming the duties of the Holy Father. Pope Benedict will remain on with the church in an advisory capacity and will retain a seat on the board of directors. It it unknown at this time if production of Baja powerboats will be moved to Vatican City.
Production is to begin immediately on a new Pome-mo-boat. This will be the first stand-up canopy v-bottom boat and of course, will be faster than all pope-mo-catamarans.
Brunswick Corporation in conjunction with Goldman Sachs has just announced a financing deal that will allow Fountain Powerboats (symbol: FPB) to purchase the Holy Roman Catholic Church in a cash and stock deal. Reggie Fountain will be assuming the duties of the Holy Father. Pope Benedict will remain on with the church in an advisory capacity and will retain a seat on the board of directors. It it unknown at this time if production of Baja powerboats will be moved to Vatican City.
Production is to begin immediately on a new Pome-mo-boat. This will be the first stand-up canopy v-bottom boat and of course, will be faster than all pope-mo-catamarans.
__________________
www.LakesideRestorations.com 570-639-2628
We Make Fast Toys Faster, Cool Toys Cooler and Old Toys New!.. Performance, Custom & OEM Parts & much MORE![/CENTER]
www.LakesideRestorations.com 570-639-2628
We Make Fast Toys Faster, Cool Toys Cooler and Old Toys New!.. Performance, Custom & OEM Parts & much MORE![/CENTER]
06-29-2008, 07:42 PM
#27
Auto Sales & Leasing
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Join Date: Jul 2002
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Here ya go my friend. These are the latest transactions nationwide at Manheim Auctions.
Vehicle Identification
Search: Select Region: National
Year: 2002 Seasonal Adjustment: No
Make: FORD
Model: EXCURSION 4WD V10
Style: 4D SUV 6.8L LIMITED
Transactions
Date Auction Sale Type Price Mileage Cond Color Eng Trans
06/03/08 STATESVL Lease $2,500 171,366 Below BLACK 10G A
06/17/08 LOUISVLL Regular $3,600 168,206 Avg BLUE 10G A
06/03/08 GA DLRS Lease $4,100 102,469 Avg GRAY 10G A
06/11/08 BUTLER Regular $5,000 114,885 Avg RED 10G A
06/17/08 OHIO Lease $5,400 129,252 Avg DRKGRN 10G A
06/24/08 RIVRSIDE Regular $6,000 95,833 Avg TAN 10G A
06/18/08 DALLAS Regular $8,500 96,357 Above BLACK 10G A
06/04/08 SAN DIEG Regular $8,500 60,373 Above BLACK 10G A
Copyright © 1996-2008 Manheim Auctions
Vehicle Identification
Search: Select Region: National
Year: 2002 Seasonal Adjustment: No
Make: FORD
Model: EXCURSION 4WD V10
Style: 4D SUV 6.8L LIMITED
Transactions
Date Auction Sale Type Price Mileage Cond Color Eng Trans
06/03/08 STATESVL Lease $2,500 171,366 Below BLACK 10G A
06/17/08 LOUISVLL Regular $3,600 168,206 Avg BLUE 10G A
06/03/08 GA DLRS Lease $4,100 102,469 Avg GRAY 10G A
06/11/08 BUTLER Regular $5,000 114,885 Avg RED 10G A
06/17/08 OHIO Lease $5,400 129,252 Avg DRKGRN 10G A
06/24/08 RIVRSIDE Regular $6,000 95,833 Avg TAN 10G A
06/18/08 DALLAS Regular $8,500 96,357 Above BLACK 10G A
06/04/08 SAN DIEG Regular $8,500 60,373 Above BLACK 10G A
Copyright © 1996-2008 Manheim Auctions
06-29-2008, 09:15 PM
#28
Registered
This just in-
Brunswick Corporation in conjunction with Goldman Sachs has just announced a financing deal that will allow Fountain Powerboats (symbol: FPB) to purchase the Holy Roman Catholic Church in a cash and stock deal. Reggie Fountain will be assuming the duties of the Holy Father. Pope Benedict will remain on with the church in an advisory capacity and will retain a seat on the board of directors. It it unknown at this time if production of Baja powerboats will be moved to Vatican City.
Production is to begin immediately on a new Pome-mo-boat. This will be the first stand-up canopy v-bottom boat and of course, will be faster than all pope-mo-catamarans.
Brunswick Corporation in conjunction with Goldman Sachs has just announced a financing deal that will allow Fountain Powerboats (symbol: FPB) to purchase the Holy Roman Catholic Church in a cash and stock deal. Reggie Fountain will be assuming the duties of the Holy Father. Pope Benedict will remain on with the church in an advisory capacity and will retain a seat on the board of directors. It it unknown at this time if production of Baja powerboats will be moved to Vatican City.
Production is to begin immediately on a new Pome-mo-boat. This will be the first stand-up canopy v-bottom boat and of course, will be faster than all pope-mo-catamarans.
06-30-2008, 09:20 AM
#29
Registered
Thread Starter
Thanks.
Here ya go my friend. These are the latest transactions nationwide at Manheim Auctions.
Vehicle Identification
Search: Select Region: National
Year: 2002 Seasonal Adjustment: No
Make: FORD
Model: EXCURSION 4WD V10
Style: 4D SUV 6.8L LIMITED
Transactions
Date Auction Sale Type Price Mileage Cond Color Eng Trans
06/03/08 STATESVL Lease $2,500 171,366 Below BLACK 10G A
06/17/08 LOUISVLL Regular $3,600 168,206 Avg BLUE 10G A
06/03/08 GA DLRS Lease $4,100 102,469 Avg GRAY 10G A
06/11/08 BUTLER Regular $5,000 114,885 Avg RED 10G A
06/17/08 OHIO Lease $5,400 129,252 Avg DRKGRN 10G A
06/24/08 RIVRSIDE Regular $6,000 95,833 Avg TAN 10G A
06/18/08 DALLAS Regular $8,500 96,357 Above BLACK 10G A
06/04/08 SAN DIEG Regular $8,500 60,373 Above BLACK 10G A
Copyright © 1996-2008 Manheim Auctions
Vehicle Identification
Search: Select Region: National
Year: 2002 Seasonal Adjustment: No
Make: FORD
Model: EXCURSION 4WD V10
Style: 4D SUV 6.8L LIMITED
Transactions
Date Auction Sale Type Price Mileage Cond Color Eng Trans
06/03/08 STATESVL Lease $2,500 171,366 Below BLACK 10G A
06/17/08 LOUISVLL Regular $3,600 168,206 Avg BLUE 10G A
06/03/08 GA DLRS Lease $4,100 102,469 Avg GRAY 10G A
06/11/08 BUTLER Regular $5,000 114,885 Avg RED 10G A
06/17/08 OHIO Lease $5,400 129,252 Avg DRKGRN 10G A
06/24/08 RIVRSIDE Regular $6,000 95,833 Avg TAN 10G A
06/18/08 DALLAS Regular $8,500 96,357 Above BLACK 10G A
06/04/08 SAN DIEG Regular $8,500 60,373 Above BLACK 10G A
Copyright © 1996-2008 Manheim Auctions
