Large SUV trade-in values
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Senior User
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From: California
Large SUV trade-in values
What is the state of large-SUV trade in values? I'm sure that these beasts (such as my Expy) have depreciated extra-fast since last year's gas price spike, but as I am considering trading in my Expy, I am wondering how bad it has gotten. Especially since the 2007 model is "refreshed".
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From: California
Just got a ballpark figure for my specific 2005 Expy, and it was sobering. But I knew depreciation for new cars is killer, no matter the model. Then why do I buy new and not used? Just can't help myself I guess. 
Post Fiend
Joined: Feb 2004
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From: Damascus-Boring, Ore
First off, my comments are going to relate to the used car/truck market in the Pacific Northwest, which could be quite a bit different than in other parts of the country. The full-size SUV market is bifurcated (I love that word 
). What that means is there are really two markets out there. Older units that are in good condition, desirable color and equipment, etc- and can be retailed for under about $15,000- are hard to come by and fly off of the lot.
Then there's the real late model used market. If you think about it, when there's a $4,000 rebate and another couple of grand in dealer cash sitting on the hood of a new Expedition, the used will get shellacked by at least that much- plus whatever the normal depreciation would be.
). What that means is there are really two markets out there. Older units that are in good condition, desirable color and equipment, etc- and can be retailed for under about $15,000- are hard to come by and fly off of the lot.Then there's the real late model used market. If you think about it, when there's a $4,000 rebate and another couple of grand in dealer cash sitting on the hood of a new Expedition, the used will get shellacked by at least that much- plus whatever the normal depreciation would be.
Laughing Gas
Joined: Feb 2004
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From: Maine
It seems like the Ford Family Plan that they did a few months ago really hurt things too. I know that in New England, used Excursions are going for a lot less money than used Suburbans even if the Ex's are a year or 2 newer with less miles and more options. I picked up mine for a great price because people see V10 and they get scared about fuel milege. If people aren't willing to buy it off the lot then the dealers have to give you less money for it.
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From: California
Originally Posted by 93F250
... If people aren't willing to buy it off the lot then the dealers have to give you less money for it.
Yep, it makes sense to me. It would help if gas went down to 1.80 and stayed there, but I don't think that is going to happen.
Last edited by Scott_XLT; Feb 3, 2006 at 08:54 PM.
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From: Monroe, NC
No, they have us right where they want us (they being oil companys), we all bought big suv's and trucks and won't be able to get rid of them because of the price of gas. Does anyone wonder how in over 30 years or so a motor of the same size gets no better fuel economy???? You would think with all the advances in safety and comfort, someone would have thought about fuel economy. I guess that is just how big business works, the bottom line is all that really matters. 
