SUV's and pickups worthless?

"Bailey B" <[email protected]> wrote in message
news:3509-48281629-729@storefull-3235.bay.webtv.net...
> Just saw a network news story stating that many dealers will no
> longer
> accept SUV's as trade in. Their mileage is so poor no one wants
> them.
> One dealer accepted one SUV a month ago. In that month no one has
> even
> asked to test drive it.

How about citing the story (network, time, etc.). I doubt if it is
true, or not as bad as you seem to be indicating.

> For many the fuel costs exceed your SUV car payments.

That would depend on how many miles you drive a month. For me,
insurance is a higher expense than gas (two teenage sons), despite the
current high prices. If you drive 1,000 miles a moth and your SUV get
15 mpg (I got about this with the Expedition I used to own) you would
spend around $250 a month on gas. I think you would have a hard time
buying a $35+k SUV for $250 a month.

> Based on this
> news report, It appears that your SUV or full size pickup is either
> worth nothing now as a trade in or you will get almost nothing for
> it
> selling it yourself. Maybe you can sell it to a scrap iron dealer.

Typical over reaction. I just saw a story about how in Europe
mid-sized SUVs are all the rage - and they still pay much more for gas
than we do in the US. I think it is a good thing that the SUV /
Pick-up fad is coming to an end, but for people that have a true need
for such vehicles, gas prices are not as horrible as you think.

However, anyone that has a worthless 2007 Ford F350 Truck with low
miles for sale, I'll be happy to give them $2k for the vehicle to get
it off their hands....

Ed

On May 12, 6:04 am, [email protected] (Bailey B) wrote:
> Just saw a network news story stating that many dealers will no longer
> accept SUV's as trade in.   Their mileage is so poor no one wants them.
> One dealer accepted one SUV a month ago. In that month no one has even
> asked to test drive it.  
>
> For many the fuel costs exceed your SUV car payments.  

A meaningless statement.

> Based on this
> news report, It appears that your SUV or full size pickup is either
> worth nothing now as a trade in or you will get almost nothing for it
> selling it yourself.  Maybe you can sell it to a scrap iron dealer.

Or seen from another perspective, if you really want to reduce the
overall cost of car ownership don't buy a hybrid at a substantial
premium. Just buy a heavily discounted used SUV at a very low price.
Most of us are forgetting the single largest variable in car operating
expense: Initial purchase price.

Or, if you are the owner of an SUV, just hold onto it...the operating
cost will be less than dumping it and buying a new hybrid.

As with the real estate brokers of 2 years ago, todays car dealers
love to see buyers making panic decisions. They are laughing all the
way to the bank.

On May 12, 6:04=A0am, [email protected] (Bailey B) wrote:
> Just saw a network news story stating that many dealers will no longer
> accept SUV's as trade in. =A0 Their mileage is so poor no one wants them.
> One dealer accepted one SUV a month ago. In that month no one has even
> asked to test drive it. =A0

Dealers will accept _anything_ as a trade-in. Just because it isn't worth
anything doesn't mean they won't take it. Just that they'll give you about
as much for it as they add to the price of the car they're selling.

Since I don't like SUVs, I think it's a good thing that the prices on them
are dropping because it indicates lower demand in the market. If, on the
other hand, you like SUVs, you should be glad that they are dropping because
it means you can buy used ones for less.
--scott
--
"C'est un Nagra. C'est suisse, et tres, tres precis."

On May 12, 12:38 pm, [email protected] (Scott Dorsey) wrote:
> On May 12, 6:04=A0am, [email protected] (Bailey B) wrote:
>
> > Just saw a network news story stating that many dealers will no longer
> > accept SUV's as trade in. =A0 Their mileage is so poor no one wants them.
> > One dealer accepted one SUV a month ago. In that month no one has even
> > asked to test drive it. =A0
>
> Dealers will accept _anything_ as a trade-in.  Just because it isn't worth
> anything doesn't mean they won't take it.  Just that they'll give you about
> as much for it as they add to the price of the car they're selling.
>
> Since I don't like SUVs, I think it's a good thing that the prices on them
> are dropping because it indicates lower demand in the market.  If, on the
> other hand, you like SUVs, you should be glad that they are dropping because
> it means you can buy used ones for less.
> --scott
> --
> "C'est un Nagra.  C'est suisse, et tres, tres precis."

Unfortunately for some people they are making significant purchases
based on panic reactions to increasing gas prices.

John S. wrote:
> On May 12, 12:38 pm, [email protected] (Scott Dorsey) wrote:
>
>>On May 12, 6:04=A0am, [email protected] (Bailey B) wrote:
>>
>>
>>>Just saw a network news story stating that many dealers will no longer
>>>accept SUV's as trade in. =A0 Their mileage is so poor no one wants them.
>>>One dealer accepted one SUV a month ago. In that month no one has even
>>>asked to test drive it. =A0
>>
>>Dealers will accept _anything_ as a trade-in. Just because it isn't worth
>>anything doesn't mean they won't take it. Just that they'll give you about
>>as much for it as they add to the price of the car they're selling.
>>
>>Since I don't like SUVs, I think it's a good thing that the prices on them
>>are dropping because it indicates lower demand in the market. If, on the
>>other hand, you like SUVs, you should be glad that they are dropping because
>>it means you can buy used ones for less.
>>--scott
>>--
>>"C'est un Nagra. C'est suisse, et tres, tres precis."
>
>
> Unfortunately for some people they are making significant purchases
> based on panic reactions to increasing gas prices.

Hmm, maybe I should have held off on buying a pickup for a while! Of
course, I seriously doubt prices of *nice* pickups (by nice, I mean
something like a 3/4 ton with a manual transmission and towing package,
not leather interior and nice stereo) have dropped to my level yet.

nate

--
replace "roosters" with "cox" to reply.
http://members.cox.net/njnagel

On May 12, 9:40 pm, Nate Nagel <[email protected]> wrote:
> John S. wrote:
> > On May 12, 12:38 pm, [email protected] (Scott Dorsey) wrote:
>
> >>On May 12, 6:04=A0am, [email protected] (Bailey B) wrote:
>
> >>>Just saw a network news story stating that many dealers will no longer
> >>>accept SUV's as trade in. =A0 Their mileage is so poor no one wants them.
> >>>One dealer accepted one SUV a month ago. In that month no one has even
> >>>asked to test drive it. =A0
>
> >>Dealers will accept _anything_ as a trade-in.  Just because it isn't worth
> >>anything doesn't mean they won't take it.  Just that they'll give you about
> >>as much for it as they add to the price of the car they're selling.
>
> >>Since I don't like SUVs, I think it's a good thing that the prices on them
> >>are dropping because it indicates lower demand in the market.  If, on the
> >>other hand, you like SUVs, you should be glad that they are dropping because
> >>it means you can buy used ones for less.
> >>--scott
> >>--
> >>"C'est un Nagra.  C'est suisse, et tres, tres precis."
>
> > Unfortunately for some people they are making significant purchases
> > based on panic reactions to increasing gas prices.
>
> Hmm, maybe I should have held off on buying a pickup for a while!  Of
> course, I seriously doubt prices of *nice* pickups (by nice, I mean
> something like a 3/4 ton with a manual transmission and towing package,
> not leather interior and nice stereo) have dropped to my level yet.
>
> nate
>
> --
> replace "roosters" with "cox" to reply.http://members.cox.net/njnagel- Hide quoted text -
>
> - Show quoted text -

I think we will see prices of low mpg vehicles drop, but how much -
who knows?