When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
Who knows really cars lose there value fast like even when driven brand new off the lot and that dealer is probably trying to get rid of 07 stock to make room for 08 thats my guess
Why such rock bottom prices? I thought it was more in the range of $15K vehicle?
They were mainly sold as fleet or rental vehicles. Many got a lot of miles on them quickly. If you go to a car auction, the lot is filled with off lease ones. It's simply a supply and demand thing.
Dealers are advertizing used 2007 models for $9995 and I'm sure they will negotiate.
This is also the truth here back east.
Just went to a L/M Dealer and saw an '06 Taurus SEL there with about 20k-miles going for.....$11,000! This was a very decked out car with every option, floor shift, 24V motor and leather seating. This car must have retailed out for well over $20k in the day.
Depreciation is just nasty on these things!
Good for the used car buyer, but bad for the guy who trades-in for a new one every 2-years.
Because the line is known for having problems, especially engine and transmission problems. The market for this used car when traded in are used car lots in the bad part of the city and those used car dealers do not like them.
Get Consumer Reports and look at the reliability reports.
Just went to a L/M Dealer and saw an '06 Taurus SEL there with about 20k-miles going for.....$11,000! This was a very decked out car with every option, floor shift, 24V motor and leather seating. This car must have retailed out for well over $20k in the day.
Depreciation is just nasty on these things!
Good for the used car buyer, but bad for the guy who trades-in for a new one every 2-years.
I thought they no longer offered the 24v in the Taurus after 2004?
Because the line is known for having problems, especially engine and transmission problems. The market for this used car when traded in are used car lots in the bad part of the city and those used car dealers do not like them.
Get Consumer Reports and look at the reliability reports.
Exactly. I've never looked at CR regarding the Taurus, but every single Taurus owner that I know has either put a transmission in it, or currently has a lawn ornament awaiting the funds for a new transmission.
I figured it was a supply & demand issue in that there was a glut of them (used) on the market and nobody wanted them.
Much like Cavaliers & Sunfires.
Those things are crappy too, my dad has a 2002 or so Cavalier that he's had maybe 3 years, bought with low mileage, and he's getting ready to put in its fourth set of front wheel bearings.
The Taurus is in the same class as the Caravan and the Cavalier, they are over produced. As for the problems, that was related to the 3.8l motor, it was junk. The 3.0l is a very good motor. At one point my family owned five Tauruses, 94, 96, 2-99's, & a 00. All of these had the 3.0l, the only one that had any trouble is the 94. I bought the 94 for $250 knowing that the tranny was not working, had a broken snap ring that wedged in the forward apply piston. It cost $250 to fix, the car had 119,500 mi. on it when I bought it and now has 124,500 on it.
GM, Ford and especially Chrysler "dump" cars on rental fleets to keep the factories running. That ruins resale values of "domestic" branded cars. It is a loosing game for at least two reasons. Resale values go in the toilet, which causes lease payments for retail customers to go up, blowing the deal, and it generally destroys the "image" of the cars. It certainly doesnt help that many of these cars are "turkeys", either obsolete designs (Taurus, Focus) or crappy to begin with (Sebring).