Quote:
Originally Posted by catmandoo62
heres something else to consider.my girlfriends daughter has an 03 yukon denali.owes right about what it's worth.well she was talking of getting an 08 gmc envoy with 11,000 miles.time she got done with the deal she would still owe about 25,000.she asked me if it was a good deal.
well i checked nada guide but they don't list cars that new,but they do list the msrp for one and a base model is right at 32,000.for comparison sake i got on ebay and there was 2 of em 1 had 8,000 miles and had a buy it now price of 19,000.can you believe that a 13,000 dollar hit and it isn't even a year old.
there is always a hard hit the first couple years so pretty much if you get a loan on it,you will owe more then it's worth pretty much until you have it paid off.and if you even think about trading it in your gonna take it in the shorts like a night after beni hanna's
|
Didn't someone say that if you bought a Porsche you take a 40% hit after the first year or something close to that?
Yes, it is the sticker shock which is depressing the prices. They know you want to get rid of it and they are in the driver's seat since they are the buyer.