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Dont ever buy a new american car especially a GM

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Old May 31, 2006 | 06:27 PM
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Default Dont ever buy a new american car especially a GM

2005 Bonneville GXP sticker price $38,000 Purchase Price $32,000

Trade in value a year later.......$17,000


Thats what the benz dealer offered me. kbb.com states less than that for trade in.

I will never buy a new GM again.!!!
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Old May 31, 2006 | 06:28 PM
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Is it only GM that you loose so much value? What about other cars/trucks?
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Old May 31, 2006 | 06:28 PM
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not a problem with GM, its a sign from God to keep your bonne.
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Old May 31, 2006 | 06:32 PM
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Kia used to be terrible, but not anymore. Suzuki cars are probably the worse on resale. Verona - 21k new
Trade in with 10k miles - 14k

This is an example at what they are worth after 10k miles.
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Old May 31, 2006 | 06:37 PM
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Default Re: Dont ever buy a new american car especially a GM

Originally Posted by Shadow
2005 Bonneville GXP sticker price $38,000 Purchase Price $32,000

Trade in value a year later.......$17,000
Not that they would tell you but you should have asked how much they would try to sell it for. My guess would be $25k+. The dealer wants to make money on the transaction.
The first few years of a new car are the most depreciative.
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Old May 31, 2006 | 06:46 PM
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Originally Posted by BLACK94SSEi
Is it only GM that you loose so much value? What about other cars/trucks?
Nope my ford truck sticked for $42,000 and I paid $32,000 and the dealer appraiser offered $27,000 sight unseen.
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Old May 31, 2006 | 07:00 PM
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Try Accura as well. I think they drop pretty significantly too.
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Old May 31, 2006 | 07:03 PM
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Originally Posted by BLACK94SSEi
Try Accura as well. I think they drop pretty significantly too.
yeah only the new style Acura RL holds its value
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Old May 31, 2006 | 07:03 PM
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i kinda work somewhat in the car industry and the Infinity resale is horrible. although made by Nissan, they get horrible resale while the nissan does pretty good
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Old May 31, 2006 | 07:19 PM
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So, KBB Can be highly inaccurate.

Did you try out NADA.com ?
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