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How much more do you think luxury car prices will drop?
soujiro
03-13-2009, 12:27 AM
Hmmm been wondering this for a while since there are so many insane deals on the market today. cars worth a hundred grand 3 years ago are now a fraction of the price. How much lower can this go..?
Harvey Specter
03-13-2009, 12:39 AM
Just wondering, which cars worth a $100,000 3 years ago have dropped? I can’t think of any of the top off my head but for example, BMW's are losing their values very fast and even the 3 series which had a great residual value over the years is dropping. I haven't really seen the retail pricing go down on new BMW's but most dealers are willing to give huge incentives. Like a brand new 2008 335i sedan had an $8000 incentive if you paid cash.
Synaptik
03-13-2009, 12:43 AM
i dont know ANY car 100k before thats worth a fraction today, unless you mean something retardedly technical like 9/10.
used car prices havent dropped either for luxury cars.
domestics are a whole different game though.
Meowjin
03-13-2009, 03:23 AM
cls
or essentially any 3 year old mercedes.
asian_XL
03-13-2009, 03:59 AM
tehehe...Masareti in Hong Kong is selling their brand new cars 20% off the retail price. Still, I can't afford one :(
AsBannedAsItGets
03-13-2009, 04:20 AM
domestics are a whole different game though.
OP is referring to luxury cars. Of course the shitty generic domestics models are gonna be discounted however the vettes, escalades, vipers prices are not being slashed dramatically.
Harvey Specter
03-13-2009, 04:42 AM
Well used 2007 and 2008 Escalades have dropped in price big time, you can pick up a 2007 for under $50,000. Vipers will never drop in price because their limited and Chrysler only sells like 10 new Vipers a year which is most likely down to none this year.
achiam
03-13-2009, 06:14 AM
Well used 2007 and 2008 Escalades have dropped in price big time
lol probably thanks to those shootings too!
hotjoint
03-13-2009, 07:05 AM
lol probably thanks to those shootings too!
nah those were range rovers :)
Roach
03-13-2009, 12:03 PM
nah those were range rovers :)
Historically, the bigger the price tag, the bigger the drop.
Try looking up the price of 3 year old Range Rovers, Audi A8s, BMW 7 series and MB S-class compared to their new values.
I saw an '07 Vantage coupe go through wholesale at $76k a few weeks back lol. $130ish k new?
Kev
HonestTea
03-13-2009, 02:13 PM
Wondering the same thing! haha planning to buy a luxury car soon :)
Synaptik
03-13-2009, 03:06 PM
OP is referring to luxury cars. Of course the shitty generic domestics models are gonna be discounted however the vettes, escalades, vipers prices are not being slashed dramatically.
i agreed; hence the first part of my post. i dont get what you're trying to say here.
GordonTse
03-14-2009, 12:10 AM
Well used 2007 and 2008 Escalades have dropped in price big time, you can pick up a 2007 for under $50,000. Vipers will never drop in price because their limited and Chrysler only sells like 10 new Vipers a year which is most likely down to none this year.
at willowbrook chyrsler in langley. they have 4-5 vipers in stock.. lol. all of them have been there for a few monthes.
Harvey Specter
03-14-2009, 12:18 AM
^
I think they only have one 2009 and one 2008, the rest are old.
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