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post #16 of 51 (permalink) Old 06-03-2008, 09:12 PM Thread Starter
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Wow Richard you put almost a Million miles on a Car in only 2 Years! were you using that Lexus as a Hotshot Vehicle?
Yeah, I caught that, I think Rich may have overstated this one a bit.......
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post #17 of 51 (permalink) Old 06-03-2008, 09:18 PM
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Wow Richard you put almost a Million miles on a Car in only 2 Years! were you using that Lexus as a Hotshot Vehicle?
You could do it in 14 hours per day, 7 days per week, if you averaged 100 MPH.

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post #18 of 51 (permalink) Old 06-03-2008, 09:24 PM
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T He "shopped" my truck with every wholesaler he knew trying to get me some good money for the truck..............Sit down..........top bid..............24.5k. For those of you not so good in math, that is a 15+grand loss in ONE year.
Thats wholesale. Not a fair comparison. That same dealer would have stickered it @ 32k or so. Paying retail and selling wholesale will always be a monster loss.

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post #19 of 51 (permalink) Old 06-03-2008, 09:37 PM Thread Starter
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Thats wholesale. Not a fair comparison. That same dealer would have stickered it @ 32k or so. Paying retail and selling wholesale will always be a monster loss.
Right and Wrong in some ways. You could go the autotrader route and squeeze a few more bucks over what you would get at a dealer no doubt, BUT, the point is as you have stated, now they are all a " monster loss" however you may try to sell it. It is a fair comparison, just one Lot's of folks don't want to hear, I didn't...........Even taking your 32k number it is still nearly a 10k drop in one year..........no deal...........bad bad times for PU's.
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post #20 of 51 (permalink) Old 06-03-2008, 10:04 PM
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I would just hang on to it Tom.
I think once the cold reality of high fuel costs has a year to sink in, the price of your rig will stabilize back to where is should be, especially since new trucks won't be as plentiful because of the production cut backs.. Right now, trucks are the devil. All of that will change back to normal in a year..
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post #21 of 51 (permalink) Old 06-03-2008, 10:13 PM
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Right and Wrong in some ways. You could go the autotrader route and squeeze a few more bucks over what you would get at a dealer no doubt, BUT, the point is as you have stated, now they are all a " monster loss" however you may try to sell it. It is a fair comparison, just one Lot's of folks don't want to hear, I didn't...........Even taking your 32k number it is still nearly a 10k drop in one year..........no deal...........bad bad times for PU's.
Absolutely, the PU market is taking a dump. Just stating about the brutality of the wholesale trade-in market. Last year trading in the wifes 4-runner for a mini-van, Honda offered me $8500. Said no thanks and sold it a week later through the auto trader for $13250.

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post #22 of 51 (permalink) Old 06-04-2008, 07:03 AM
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140,000 on a 2006!!!!!

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Yeah, I caught that, I think Rich may have overstated this one a bit.......
As far as the dealers were concerned 140,000 = a million.

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post #23 of 51 (permalink) Old 06-04-2008, 08:07 AM
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Thats wholesale. Not a fair comparison. That same dealer would have stickered it @ 32k or so. Paying retail and selling wholesale will always be a monster loss.

No, you don't understand. No dealers want big trucks and the auctions are saturated with them because dealers don't even bother sticking them on their lots only to have them become old-age units that rack-up interest charges and end up having to be auctioned-off anyways.
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post #24 of 51 (permalink) Old 06-04-2008, 11:51 AM
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No, you don't understand. No dealers want big trucks and the auctions are saturated with them because dealers don't even bother sticking them on their lots only to have them become old-age units that rack-up interest charges and end up having to be auctioned-off anyways.

Dealers are only going to buy what sells today.
Today, it's not trucks...
Look for wholesale prices of trucks to temporarily drop like a rock, but climb right back up to where they should be by fall.
The big three are cutting back production, and that will stabilize everything.

This gas thing will pass. Not the prices, but the sticker shock.
Personally, it costs me a Benny to fill my truck.
Yeah, it sucks and I don't like it, but I'm never going to buy Ford Ranger, and I don't care HOW expensive diesel gets....
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post #25 of 51 (permalink) Old 06-04-2008, 05:07 PM
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Dealers are only going to buy what sells today.
Today, it's not trucks...
Look for wholesale prices of trucks to temporarily drop like a rock, but climb right back up to where they should be by fall.
The big three are cutting back production, and that will stabilize everything.

This gas thing will pass. Not the prices, but the sticker shock.
Personally, it costs me a Benny to fill my truck.
Yeah, it sucks and I don't like it, but I'm never going to buy Ford Ranger, and I don't care HOW expensive diesel gets....

The only possible scenario for a market recovery would be a huge drop in gas prices.
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post #26 of 51 (permalink) Old 06-04-2008, 09:29 PM
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Well, my truck isn't going anywhere soon so I'm not too worried. Hopefully, with everyone parking or selling their diesel trucks the demand for diesel will come down. I already have two other cars so I don't have to drive my truck unless I need to tow a trailer.

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post #27 of 51 (permalink) Old 06-04-2008, 10:49 PM Thread Starter
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I am not sure how long it will take to rebound, there are so many other market forces working against the economy now that this could get worse, much worse. We drive the truck when we are hauling the pontoon and want to get everyone in one vehicle, otherwise, it is in the garage and I like to take it out on the weekends, cause I like to drive it. It's paid for and it's staying put. I now have a Civic that gets 36 or so every tank and the new Spectra which should do about 30, so we are good to go, how do I know that...........I don't have to use the credit card twice at the pumps to fill them up..........scientific huh......
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post #28 of 51 (permalink) Old 06-05-2008, 04:06 AM
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I disagree.
Remember what is the best selling vehicle?
It's a truck, and I expect it to stay that way.
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post #29 of 51 (permalink) Old 06-05-2008, 06:28 AM
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Originally Posted by George C View Post
Dealers are only going to buy what sells today.
Today, it's not trucks...
Look for wholesale prices of trucks to temporarily drop like a rock, but climb right back up to where they should be by fall.
The big three are cutting back production, and that will stabilize everything.

This gas thing will pass. Not the prices, but the sticker shock.
Personally, it costs me a Benny to fill my truck.
Yeah, it sucks and I don't like it, but I'm never going to buy Ford Ranger, and I don't care HOW expensive diesel gets....
I would have to agree, in the economy as in life most things have a way of evening out. The same is true for the housing market if you can hang on it will work itself out.

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post #30 of 51 (permalink) Old 06-05-2008, 07:49 AM
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I would have to agree, in the economy as in life most things have a way of evening out. The same is true for the housing market if you can hang on it will work itself out.
You are seeing just what I see. The "big picutre" can get lost in short term thinking.

1. Everybody is worried about fuel prices.
2. The economy is in shambles.
3. The Sub Prime mortgage situation is a disaster.

Let me interject:
1. $5.00 a gallon gas is outragous right now, but will be seen as absolutely normal withing two years.

2. The economy is in shambles, but if I were President, this is exactly how I would want to inheret the job.
Within three years, stocks will be through the roof again.

3. The worst thing our Government could do right now is bail out the Sub Prime mess. The S-P mess is nothing more than a larger version of credit card dieting with easy debt service.
These are people who failed 2nd grade arithmetic. If 1 + 1 doesn't equal 2 within your personal budget, you have nobody to blame but yourself. Just because a bank will lend you money, you do need to pay it back.. If you got sucked into a teaser rate without doing the math when the teaser ended, then what do you want from me? I certainly do not want to pay for "Joe Blow's ignorant extravagance, but I'm sure the politicians will make us at some point.

So, in my mind, the big picture will be rosey in a few short years all over again.

Cue up this post for 2011..
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