smk4565
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Everything posted by smk4565
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Lincolns make a good used car buy, the first owner was likely 70 and kept it in a garage 3 days a week, and what was $40,000 new is $13,000 after 4 years.
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There are probably a slew of Verano, Focus, Fusion, Malibu, Cruze for under $12k that are less than 5 years old. I saw 2012 Lincolns for $12k, so I am sure there are 2013 Buick and Chevy's for that price.
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There are probably 2015 Regals out there for under $14k, but I didn't look. I still like a Subaru in this scenario, but I think an all wheel drive car makes more sense than a crossover, unless you really need a crossover. Because something like a 2015 Regal will cost less than a 2013 SUV to buy, and cost less to put gas in.
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That is a pretty good deal considering it is a Sport model and is more of an up level trim it looks like. Not sure if it is better than a 2015 Fusion Titanium for $5,000 less, maybe it is practically new and 40% off msrp
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S-class as a percentage should hold value better than a Pacifica. Large sedans in general lose value fast though, minivans can do better since there are only a few to choose from and there are families that can't afford a new one. If all 38 or so brands were listed in resale value I imagine FCA would have at least 5 of the bottom 10.
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Porsche holds value like crazy, they are an exception to the high dollar cars holding value. People buy cars now mostly because they have to, and there is a desire to have the best or out do your neighbor or buy a fun or exciting car. There will still be people that buy a Corvette because they want a sports car. But for people that are just buying commuter cars, the drones will probably be way cheaper. Why sit in traffic when a vertical takeoff drone can take you to where you want to go in half the time.
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Wranglers hold value, maybe Grand Cherokees, I think Compasses and Renegages will drop faster, but the Jeep brand has appeal so it keeps resale doing fairly well. Any expensive car drops in value, unless it is a collectable, because the super rich get a new one every 2 years and the other 99% can't afford those cars. But I think cost of car ownership is a big reason why these flying drones and self driving cars will replace about half the cars on the road in 15 years. People will just quit buying cars because there will be a cheaper, faster way to get around.
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Either way, the Pacifica will probably tank in value just like every other FCA product. So pay $47k now, and in 3 years time, over half that will be gone. There are 2017 Pacifica Touring-L's on Auto trader right now for $24-25,000 and the MSRP new without options is $34,495. That is $10,000 lost in 1 year, so I don't think it crazy for me to think a Hybrid will drop down to $20k in 3 years.
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Any car, especially used car is a bit of a crap shoot when it comes to reliability. There are a thousand variables that could make one Chevy Malibu run for 200k miles with no problems, and another Chevy Malibu to have half the parts replaced at 100k miles. You have to look at overall averages, but buying a used car just because you assume it is the most reliable car is a bad idea, because you never know. So you have to buy the car that best suits your needs. Like in this case, if small, AWD crossover is what is needed, then you pick the best model in that segment that fits your needs.
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What is the price limit here? Like OldsHurst says, there are ATS out there and gen 2 CTS AWD out there, but an ATS is probably expensive and Cadillac and Buick have an old person vibe. Insurance rates could be a factor too on some cars. Certain cars seem to get clobbered on insurance rates, like any 2 door, some turbos, probably Wranglers, etc, where as a Buick or MKZ might have low insurance rates.
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The transmission started slipping around 200k miles, I don't think he ever really had it fixed because at that point, why bother. He is a painter so he commonly carries 1,000 lbs of weight in his van, and does a lot of city driving too, so they are hard miles that he puts on. I don't think he ever had a ball joint problem, I did replace 2 ball joints on my Mercedes, but that was $480, not the end of the world for a 95,000 mile car, and that is the only suspension related repair as of yet. Yes it is one situation and anecdotal, but look at the used car market, and there are a lot of 200,000 mile Hondas and Toyotas selling with some value. I know 2 people that had an Acura CL, they got about 150-70k miles out of them before the transmission and mechanical issues really started to surface and then they dumped the car.
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Any FCA product will be unreliable, the Renegade is rather new if looking for a used car deal and they are made in Italy, with profits going to Italy. Jeep is one of the most unreliable cars brands out there along with Land Rover and Fiat, some years Jeep ranks worse than those 2 so I would pass on those. "CPO, small, efficient, AWD" fits Subaru to a T. A 2011-2012 Lincoln MKZ with under 50k miles can be had for under $15,000. Fusions are even less, I found a 2015 Fusion AWD Titanium with 48k miles for $14,793
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My dad had a 2001 Odyssey that he put 224,000 miles on, and had fewer repairs and less money spent on that than he did on his 07 Hyundai Entourage or his 2011 Dodge Caravan that he has now. The Caravan has by far been the least reliable and it only has 70,000 miles on it. The Odessy had less repairs over 7 years than he has spent in just the past 1 year on the Caravan actually. And a trip to auto trader or any car dealership shows Toyotas and Hondas with high resale value, and FCA products on deep discounts. Even if the Pacifica is a much better vehicle, it is style a Chrysler which in the minds of most people = unreliable.
