Try buying a Cadillac for $52,000 and then selling or trading in the $30-$35K range just 12 months later. Welcome to the world of American made cars. Or perceived American made cars. Even though the quality rankings according to JDPower continue to show Cadillacs beating Mercedes, BMW, Inifinity and more, their resale continues to lag. Why would you expect Chrysler to be any different.mm300c said:Has anyone looked at the resale value of our cars? People are having issues selling a fully loaded C for anything more than 30K. Any ideas or reasons why this is happening to such a great car?
exactly, that is why i never buy a new car...the way i look at it is that i just saved 9-10K off the price of a new car just like it and this car is really just like new, i am very happy with it and i get to transfer the 7/70 warrantee over to me!!kevenj said:Bottom line Crucat - - NO new car is EVER a good " Investment ". A car is an expense - - period.
Now SOMEDAY certain cars will be worth a lot of money of course, but there is no way to predict which ones unfortunately. Don't buy a car based on what you think it might be worth down the road because that is just a crap shoot basically (other than the certainty that it will go down lots!)
If you maintain your 300C and drive it for 10 years, it doesn't matter what it's worth in 2016 - - you've gotten your money's worth.
I know what you mean. I just went ahead and got the extended warranty. I am good for 7 years/75K miles. I knew that I really liked this car and I have no intention on selling or trading this car in.Red Baron said:I'm assuming people who can afford a 30k used vehicle are willing to wait long enough to buy a 40k new vehicle with a full warranty. We'll have to hold on to these cars for a while before we get a fair deal. Dealers can offer attractive financing 3-6% that beats any used car loan.
The 36k mile warranty is too short too - I've only had the car a year (feel like I haven't broken it yet) and I am starting to wonder what am I going to do in 19k miles when my warranty is gone. I don't want to think about how much it would cost to do major repairs on this V-8.