Sad day...
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Sad day...
Last Friday, the wife and I decided to trade her '01 Expy in on an '04 Toyota Sienna. Much to my surprise, her Expy depreciated more than 55% in just 22 short months. OUCH!!
I'll still get to drive the truck for 2 weeks until the van comes in. Can't say I'm gonna miss it, especially the expensive trips to the gas station. The one depressing thing is, I won't have anything in common with this site after that. Not sure if I'll hang around or not.
I'll still get to drive the truck for 2 weeks until the van comes in. Can't say I'm gonna miss it, especially the expensive trips to the gas station. The one depressing thing is, I won't have anything in common with this site after that. Not sure if I'll hang around or not.
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Sad day...
Yeah, it was a big one. We started van shopping 6 months ago and at that time, the truck was worth some $4000 more. For this reason, we decided to lease her van. Automobiles are NOT a good investment.
Laughing Gas
Joined: Apr 2001
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From: Elon, NC
Sad day...
Originally posted by rob_nc
Automobiles are NOT a good investment.
Automobiles are NOT a good investment.
But Dennis is right. No way that truck should have lost 55% of it's value in 22 months. I don't know how things are where you live but people are still paying premium prices for Expy's on used car lots here.......IF they can find one.
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Hmmm,,,, that odd. We stopped at *** Toyota to have it reappraised and they came up with the same figure. Both Toyota dealerships said their SUV sales have dropped. And how can you compete with 0% financing on new ones?
Laughing Gas
Joined: Apr 2001
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From: Elon, NC
Sad day...
Just going by what several people looking for an Expy have told me Rob. Have you seen a used one on a lot here anywhere? I haven't.
It's also been my experience that trading with another brand dealership does not get the best trade allowances. If I were you I'd try selling it first.
It's also been my experience that trading with another brand dealership does not get the best trade allowances. If I were you I'd try selling it first.
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Actually, I hadn't noticed if there were any used Expys to be had. I agree that a dealer of another make might not give as high a trade value, but Ford only did $500 better for a Windstar.
I hate to take the hit, but once it's gone, I won't have to listen to the wife complain about the darn thing.
Anybody want a good 4x2 Expy?
I hate to take the hit, but once it's gone, I won't have to listen to the wife complain about the darn thing.
Anybody want a good 4x2 Expy?
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From: Tampa Bay, FL USA
Sad day...
ALL trade-in values are subjective; nothing is carved in stone so it really comes down to any one person's OPINION of the value of the vehicle. Trading in a Ford at a Toyota dealership doesn't help, as most import dealers tend to have a low opinion of domestic vehicles.
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Joined: Jan 2002
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From: Delaware
Sad day...
It's probably too late now, sounds like you already did the deal, but you could have done much better had you sold the truck yourself.
Two years ago I was offered 5000.00 trade in for a 94 Jeep Grand Cherokee by a dealer. He wouldn't budge on the price. I sold it myself for 8500.00.
I know selling a vehicle can be a hassle, but it usually is worth it.
Anyway, good luck with your new wheels!
Two years ago I was offered 5000.00 trade in for a 94 Jeep Grand Cherokee by a dealer. He wouldn't budge on the price. I sold it myself for 8500.00.
I know selling a vehicle can be a hassle, but it usually is worth it.
Anyway, good luck with your new wheels!
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From: New Braunfels TX
Sad day...
Last summer I stopped by the Ford dealer to check out the new trucks. they offered me 18000 on my 99 Super Duty with only 60000 miles on it. I paid 35K just a bit over two years earlier. I still have my truck. Wasn't about to lose 50% of my money in just two years. The best part is by keeping it I should have it paid off by the end of the year
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That's a similar situation I ran into last October. I had a F150 that was leased and the lease was going to end 6 months later. I wanted to trade out of it before lease end, but the appraisal price was $1500 less than the guaranteed residual. Now we're seeing the same thing on our Expy. I may have located a reputable used car dealer that is interested in buying it.
The thing that sucks is we traded a year old Supercrew in for the Expy and actually got every dime back that we paid for it. Basically, we drove it for a year for free.
The thing that sucks is we traded a year old Supercrew in for the Expy and actually got every dime back that we paid for it. Basically, we drove it for a year for free.
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Joined: Mar 2003
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From: Westminster, MD
Sad day...
According to most apprasial guides there are two different values of every vehicle. You have the wholesale value and retail value. wholesale is the value of the vehicle to the dealer. This is controlled by mileage, opitions, vehicle condition and demand. Then there is retail value, which is a suggested value base primarily on market demand. Now, of course, this is just a guide and every dealer will handle pricing differently. And yes, I agree, vehicles are most definitly and expendable item, just like a toaster.
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Joined: Jul 2001
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Sad day...
Originally posted by rob_nc
Yeah, it was a big one. We started van shopping 6 months ago and at that time, the truck was worth some $4000 more. For this reason, we decided to lease her van. Automobiles are NOT a good investment.
Yeah, it was a big one. We started van shopping 6 months ago and at that time, the truck was worth some $4000 more. For this reason, we decided to lease her van. Automobiles are NOT a good investment.
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