I need to vent...
 

Ok i am pissed that my frs has lost so much value when i looked it up on NADA. I was considering getting a RS 1.0 so i got my payoff from the credit union. Then i looked up the trade in value and felt like jumping off a bridge! I mean are u kidding me! Why did the value drop so much so fast??!!

What!? I bought a new car, drove it off the lot, put milage on it and expect to have close to what I paid for it during my trade in?

Don't know if CarMax has a store in the Matrix, but if so, take the FR-S there, get their price offer, and try to sell it yourself for $3-4K more. If it doesn't work out THEN you can always go back to CarMax or trade it in. Alternatively, look at similar cars for sale at CarMax and try to sell yours at about the same price. Are you still under warranty?


Of course a dealer who sees a buyer looking to replace a 2-year-old car with a newer model will assume that you have money to burn and will give you a royal workover.

Why on earth would you trade in for a RS 1.0?

If you like to trade cars in every two years, buying them outright is not the right method for you.

With that said, I'm actually content with my value. 43k miles and worth just shy of $17k. On a two year old, "high mileage" $24k car (when new), that's pretty good in my book.

I'd trade in for a RS 1.0 if I had a 13. Just because of the extra creature comforts. The other tid bits are just icing.

1) It's the same friggin car, just riced out from factory :D
2) Car depreciation

While I agree. Fundamentally it is the same car.

But it has all of the parts the majority of people on this forum want at a fraction of the cost that you can finance.

"riced out from factory"..... lol.....

Well as soon as inflation out paces new car depreciation new cars will be an investment! Bound to happen, right?

how high of a bridge are you talking?

lol@this thread. Car is going to depreciate no matter what, these cars still hold their value better than most things out there.

At 30k miles, kbb says my car is still worth 23k if I sold private party

I am 51 years old. My BRZ is the first new car I have ever purchased. It is the first time I have ever been able to rationalize walking off the lot and basically throwing 3K of dough out the window. I actually visualized this as I drove off the lot. It was quite a buzz in the way that doing something stupid can be exhilarating.

There is nothing sane about buying a new car. I am not saying it isn't fun - it is certainly not wise no matter how much cash you have on hand.

You aint just whistling dixie!

exactly please lease :D

Just think about it as contribution to America. Without people buying new cars and selling them in a year or two, where would those second hand cars buyer get their cars from?
You've done good for your country.

This isn't a Toyota Skyline Type-R forum~!

<<<< Trolling...

OP, your first new car? I appreciate your pain, but take it from an old fool whose spent way to much on new cars and lost way to much in depreciation. Car's are not investments!!!! These cars are FUN! How much is fun worth?


If your really concerned about your PAPER LOSS, drive your car until the wheels fall off then sell it to a scrap dealer. That's the only way you can minimize your loss.

Yeah cars are not investments. How you pay for them should be based on how long you plan on keeping them. Buy new only if you plan on holding onto them for a long long time.

Glad I have no plans on ever selling mine, but I hear you I've been in your shoes in the past.

You lose 15% of a new cars value as soon as you drive it off the lot.

This is a fact my mom drilled into my head from the moment she bought me my first used car when I was 16 until now when I was able to buy my very first new car, my FRS.

A car isnt a house, its never going to go up in value or stay near the value you bought it (unless its some super rare car). Its going to lose 10 to 20% each year. Your car is not an investment, you shouldn't treat it as one. Its a tool to get from point A to point B and have a ton of fun driving randomly around until you wind up at point C. Property is an investment and if your looking to make money on resale, you should look to the housing market.

Not all cars lose value so fast; you know, that whole "resell value" thing.

For example, a new WRX will cost you less than a used one from last year. Those cars just don't depreciate much.

A $100K AMG Merc from 2003, you can get one for around $20k now if I'm not mistaken.

While the circle jerk ensuing is fun, it can realistically be expected certain cars values will not fall as much as they do. Perhaps getting car made by Subaru and Toyota, two brands with very good resell value, led OP to believe this.

Relative links:

Least depreciated: http://jalopnik.com/the-ten-least-de...ears-215315708

Most depreciated: http://jalopnik.com/5982789/the-most...past-ten-years

If you take the link I posted this car seems to be hitting slightly above the average depreciation curve.

http://www.edmunds.com/car-buying/ho...fographic.html

I'm at 18 months which according to their chart is 75% value, calculating based off of a $25k price point that says my car is worth $18.75k, looking around that may be my best offer from a dealership trade in but private party I don't think I'd have any trouble selling it for ~$20k, more if I went though the next big service and did all the fluid flushes and put good tires on it and had a bit of patience.

Yes it's a bit of a shock for someone who hasn't stepped through the math before (how did you get a car without that kind of foresight?), is a first time buyer or expected typical Toyota econo-box levels of depreciation from light usage, but it ain't exactly a BMW like in your link.

You could hold on to it for like 25 years, then it will be a "classic" and you can make you money back.

Maybe the value would be higher if there were not 40 different versions of the car. ETA: Better sell it now, before the 16 turbo-convertable-Gazoo race car hits the dealerships.

Thanks for a constructive and mature post. I guess I am just a little new to it all. I did expect a lot in value retention buying a Toyota.

Thats why its cheaper to keep her..
Thats when you see the low cost of ownership.

I'm also 51, and this car has given me more thrills than the dozens I have driven previously. I plan on keeping it for 20 years so it's a wise investment if looked after. If I don't live that long, at least I will be having fun along the way.

Sounds like you paid too much in the first place.

According to NADA, my 2013 BRZ premium only dropped $3k in value (trade-in, retail is only $1000) since I purchased it.

Those who paid MSRP or more and had lots of options and higher trim levels will take the biggest hits in depreciation on ANY car. The fact these cars are two years old now and are still worth over $20k used is pretty amazing to me.

Cars are a sinkhole for money. While being usually a horrible investment, they are just so much fun. Unfortunately, you have to pay to play. It is the harsh reality of it.

Most cars drop 30% the moment you drive it off the lot. There are a few rare cars out there that do better but not a ton.

That's actually pretty bad. When my '00 Civic Si was stolen it was 3 years and 3 months old, had 67k miles and stickered for $18k. I got a little over $15k from the insurance company and that was after being rated in average condition since the car was torched, and had a very high mileage penalty.

By comparison, it held its value by more than 100% more than the numbers you've shown for your twin.

Could be worse....



http://www.foxbusiness.com/personal-...se-value-fast/

welcome to the real world op.

I'm in real estate and you would be better off flipping cars than houses right now. Houses depreciate just like everything else.

Sent from my Q10

least depreciated should not include collector cars.. that's stupid.

actually, the whole article sucks. What are the metrics to which this is held by? Saying an R8 has 0% deprecation means nothing. If my R8 had 40k miles on it, I sure as hell bet it doesn't have 0% deprecation

I think you should move to Texas.

"Welcome to the Real!"