Resale Values

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Thread: Resale Values

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    jry
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    Resale Values

    Anyone else notice that the value of their Saturn has fallen through the floor?

    Just gave the 100 to my Daughter. Just about worth nothing.

    Anyone having problems getting replacement parts? The drivers outside mirror was nearly impossible.
    85 cars since 1975....
    Good night and good luck.

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    4.6 Liter Northstar V8 W.A.F.U.'s Avatar
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    Re: Resale Values

    Yep, needed park brake cables and a fuel filler neck for a customer's L100 a few months back. Both were discontinued.

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    Re: Resale Values

    our aura is worth 9K, and its a 2009!! WAHOO!

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    Re: Resale Values

    Quote Originally Posted by civilzues View Post
    our aura is worth 9K, and its a 2009!! WAHOO!
    And you wonder why people buy Accords and Camrys.

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    Re: Resale Values

    Quote Originally Posted by Mr. Burns View Post
    And you wonder why people buy Accords and Camrys.
    I'm sure it also has something to do with the fact that the brand was discontinued.

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    Re: Resale Values

    Wow. In my area, a 2002 L100 with 100K miles sells for $4K and a 2009 Aura with 8K-43K miles is $12-$16K. (per Autotrader)

    I guess if I'm looking for a used car, I should look in your areas!
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    Re: Resale Values

    people actually purchased L100's?
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    Re: Resale Values

    This happens to all dead brands... People are afraid to buy them because of the very topic the OP discussed: Part availability... And in turn, their value plummets.

    The L-Series never had good resale value... Ever. It was a car that only the Saturn faithful purchased. (I know this from being a former Saturn sales associate) Rare was the day that one sold, new or used, to someone who had not owned another Saturn vehicle already...

    The Aura, in our area, has held its value pretty well considering the death of the brand. Oddly, the car has retained more of its value than the G6 and current Malibu.

    The VUE is still strong in the secondary market, as are the original S-Series cars, if you can find them with relatively low miles.

    The '07 and '08 Outlooks are taking a beating as are the IONs, Astras, and L-Series. But the '09-'10 Outlooks are holding steady... And sports cars like the Sky will always have a following. They are holding their value much better than their Pontiac counterpart, the Solstice... But then again, they always have.

    Pontiac is seeing similar results: The G6, G5, Grand Am, Grand Prix, Montana, and Torrent values are all plummeting like stones. However, the G8(especially the GT & GXP variants), '05 & '06 GTO, Gen IV V8 powered Firebirds(Trans Am, Formula, Firehawks), and even Solstice Coupes are holding their values well... Even the last Bonnevilles are doing "okay" in the marketplace... Not quite as well as the performance cars listed, but certainly better than the other Pontiac family/commuter cars.

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    Re: Resale Values

    My G8 GT has a KBB trade of between $20,000 and $22,500. I am still a couple of payments away from being above water on this car. Assuming value holds I may have about $12 - $14K of trade in when it is paid off in three years.

    That said it took thread years of payments to get above water on my previous LaCrosse that had a much larger down payment than this purchase.
    Current: 12 Buick Regal Turbo Premium I Group (Crystal Red/Cashmere with sunroof) and 09 Saturn Outlook XR

    Previous: 09 Pontiac G8 GT (09-12), 06 Buick LaCrosse CXS (06-09), 05 Ford Freestyle SEL (05-09) 02 Hyundai Elantra GT (01-06), 00 VW Jetta (00-05), 85 Mercedes 350 SEL (99-01), 84 BMW 316 (98-99), 90 Mitsubishi Mirage(91-98), 79 Chrysler LeBaron (88-90), 73 Dodge Dart Swinger (87-88).

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    Re: Resale Values

    Quote Originally Posted by Hitman1970 View Post
    My G8 GT has a KBB trade of between $20,000 and $22,500. I am still a couple of payments away from being above water on this car. Assuming value holds I may have about $12 - $14K of trade in when it is paid off in three years.

    That said it took thread years of payments to get above water on my previous LaCrosse that had a much larger down payment than this purchase.
    Our G8 GT's have held their value remarkably well. I owe $7K on mine and with 15k on the clock I suspect I could currently sell it for about $24k. RWD performance cars ALWAYS hold their resale value much better then ANY FWD car. Thus I own my Formula & G8 GT but lease my G6 V6.

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    Re: Resale Values

    Yep, G8s are doing really well. They have actually increased in value over the past 6 months! I've been watching KBB very carefully over the past year. Last year about this time, I had looked at possibly trading on a Jetta wagon TDI. The best trade value I could get was $17k (mine had about 40k miles at the time). Just a month ago, I looked at the Regal Turbo (G8 now has 49k miles) and dealer offered $18,500. Here in NOLA, G8s are few and far between on the used car market and dealer was willing to pay a premium. Never had that happen before!

    Of course, if I sell it outright, I could easily get $23k for it. That's not bad at all for a discontinued brand.
    Last edited by Cajun G8; 02-18-2011 at 04:32 PM.

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    Re: Resale Values

    Quote Originally Posted by Hitman1970 View Post
    My G8 GT has a KBB trade of between $20,000 and $22,500. I am still a couple of payments away from being above water on this car. Assuming value holds I may have about $12 - $14K of trade in when it is paid off in three years.

    That said it took thread years of payments to get above water on my previous LaCrosse that had a much larger down payment than this purchase.
    Sorry, what do you mean by 'above water' ?
    I'm guessing, to have your lease residual+outstanding payments < resale value?

    Quote Originally Posted by Cajun G8 View Post
    Yep, G8s are doing really well. They have actually increased in value over the past 6 months! I've been watching KBB very carefully over the past year. Last year about this time, I had looked at possibly trading on a Jetta wagon TDI. The best trade value I could get was $17k (mine had about 40k miles at the time). Just a month ago, I looked at the Regal Turbo (G8 now has 49k miles) and dealer offered $18,500. Here in NOLA, G8s are few and far between on the used car market and dealer was willing to pay a premium. Never had that happen before!

    Of course, if I sell it outright, I could easily get $23k for it. That's not bad at all for a discontinued brand.
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    6.2 Liter LS9 Supercharged V8 Hitman1970's Avatar
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    Re: Resale Values

    Quote Originally Posted by RedVee8 View Post
    Sorry, what do you mean by 'above water' ?
    I'm guessing, to have your lease residual+outstanding payments < resale value?

    I finance to purchase not lease but you have the idea right. 'above water' is trading in a car with equity. Trade in value > payoff of loan. 'Under water' is the foolish reciprocal of trading in a car and having trade in value < payoff.

    The difference is then refinanced into the loan of the new vehicle resulting in new vehicle price + negative equity = stupid financial decision.
    Current: 12 Buick Regal Turbo Premium I Group (Crystal Red/Cashmere with sunroof) and 09 Saturn Outlook XR

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    6.2 Liter LS9 Supercharged V8 RedVee8's Avatar
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    Re: Resale Values

    Quote Originally Posted by Hitman1970 View Post
    I finance to purchase not lease but you have the idea right. 'above water' is trading in a car with equity. Trade in value > payoff of loan. 'Under water' is the foolish reciprocal of trading in a car and having trade in value < payoff.

    The difference is then refinanced into the loan of the new vehicle resulting in new vehicle price + negative equity = stupid financial decision.
    Thanks mate. Not used to that terminology - makes sense now.
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    Re: Resale Values

    The terminology (underwater) made it into widespread use here in the US with the mortgage mess of the past couple of years.
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