Quote:
Originally Posted by Jim B.
I quite agree.
I just bought a 2009 Mercury Grand Marquis LS Ultimate edition in May of this year for $15,988.
MSRP was about $29,800 on it new.
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I went a similar route for my truck. I needed something newer and reliable since I'd be taking so many trips with it.
2003 Cadillac Escalade EXT with 45,000 nukes (avalanche style with odd truck bed)
Original MSRP. $55,000. I paid $16,500. Only repair in 6,000 miles of driving is a $180.00 alternator.
Then again, when I got my BMW X5 a few years old at 24k, and sold 3 years later with 75k, it would have been cheaper to have leased a new one. Once the warranty went off, the car was a nightmare! Originally paid 34k, once it went off warranty I had to sink $5000 in unscheduled repairs to keep it running, and unloaded it for $18000. Thank goodness I sold when I did, though. I ran into the next owners, and the transmission was giving them troubles, the stereo display was giving out, and they couldn't open the driver's side door from the outside.