Predicted Value losing Vehicles

[scherry2]

http://www.forbes.com/2007/03/....html in no particular order:Buick RanierDodge DurangoDodge CaravanFord E-Series vanFord Crown VictoriaMercury Grand MarqueKia SpectraKia Amanti

[Baltovibe]

Wow! According to the article, a Dodge Durango purchased for $27,000 will only be worth $10,200 after only 2 years! That is some serious depreciation!

[joatmon]

this quote on page 2 seems to be applicable here, a lot of people have offered this adviceQuote »Still, those hoping to hang on to their autos for no longer than a few years have options. Kelley Blue Book recommends going easy on customization in order to maximize residual value.another interesting quoteQuote »An average vehicle will retain 35% of its value after five years, according to Kelley, meaning that a $20,000 new car today will only be worth $7,000 after five years.I guess I would like the car to be worth more after only five years, but since i plan to keep it until it is no longer economical to repair, I am not counting on any real resale value out of it.

[scherry2]

Quote, originally posted by joatmon »but since i plan to keep it until it is no longer economical to repair, I am not counting on any real resale value out of it.I've driven all my vehicles that way, drive them till their dead, get your moneys worth.

[silver_vibe]

Quote, originally posted by scherry2 »I've driven all my vehicles that way, drive them till their dead, get your moneys worth. Right on!I drove my Altima to the point where I felt guilty accepting $1,000 from CarMax. It never left me stranded, but if the noises were any indication, it was near it's end. Engine made pinging sound at idle, tranny made grinding sound in every gear, brakes vibrated while stopping. Any one of those, I would have had fixed...but all 3 plus 160,000 miles meant it was time for it to go.