Subaru brz resell value

[xn7485]

Originally Posted by fistpoint

I know nothing of Subaru resale values. I do know that with the exception of one model, Subaru scores below average in both initial 90 day quality and 3 year quality results(both J.D. Power) which most assuredly has a negative effect on resale value. But I doubt it would be even close to any average American car company in quickly dropping values(Subaru won't drop as fast).

https://www.alg.com/residual-value-awards.html

[fistpoint]

Originally Posted by dsgerbc

Of course he is. 10-20% instant depreciation once the car is driven off the lot - is all about trade-in or private sale.

Fine then. But private sale is roughly the same as dealer retail. I know I wouldn't pay more than a used car is worth from a dealer, and likewise if I'm selling privately I am going to want what it is worth, which is the same as what you talk the dealer down to from the initial inflated above value price.

You have to pick one or the other, but it can't represent both trade-in and used dealer retail. Those two numbers are as far apart from each other as possible in regards to selling used.

Who the hell trades their car in anyways? I have never and will never even consider doing this, ever. It's like saying I bought a brand new X and a pawn shop only gave me 60% new value so they can turn around and sell it for 80-90% new price. Of course it applies in that scenario, but I don't think that was the question.

[dsgerbc]

Originally Posted by fistpoint

But private sale is roughly the same as dealer retail.

Of course not. Buying from the dealer is easier, finding the right used car is also easier at the dealer, since they can arrange to get it. For an out-of-warranty car like the Civic you refer to dealers also might be required to provide a short warranty that a private party won't be likely to offer/honor.

Lot's of people trade-in their cars. Selling privately takes time and effort, for some it's not worth it.

[Captain Insano]

Originally Posted by Jared9

I'm not sure where the phrase originated from either. Would be curious to find out. I also have never bought a new car. Probably partially from fear of loss of investment. Either way (new or used) you are going to lose money though. I always just assumed it would be less with a used car, again assuming you find one in good shape that doesn't require much spending in repairs.

I bought my modded 04 STi for $18,250 in June 2009 with 57,500 miles.
Sold it for $16,000 in June 2012 with 83,000 miles.

25,000 miles- $2,250 over 36 months is $62.50/month or ~$2/day or $0.09/mile. Plus insurance, gas, and maintenance of course. Insurance and gas is most likely similar to a new STi, maintenance on a used will be more if you hit a 30k, 60k, or 90k marker.

I've had similar good fortune when selling all my Subarus. They typically hold their value very well and there definitely is a good market for private selling subarus, at least in my experience (owned 2 STis and 1 WRX and private sold all three). I think the BRZ will most likely hold value pretty well even if an STi version comes out - I base this on the fact WRX cars hold their value very well even with an STi version in the market.

[OrbitalEllipses]

Originally Posted by Captain Insano

I've had similar good fortune when selling all my Subarus. They typically hold their value very well and there definitely is a good market for private selling subarus, at least in my experience (owned 2 STis and 1 WRX and private sold all three). I think the BRZ will most likely hold value pretty well even if an STi version comes out - I base this on the fact WRX cars hold their value very well even with an STi version in the market.

That's because the WRX has a lot of value compared to the STI. I don't see the BRZ as having much value in that aspect.

I regularly see 02-03 WRX on dealer lots for between $9000 and $11000. Mine was roughly ~$9 KBB. Overpriced, still.

[Captain Insano]

Originally Posted by OrbitalEllipses

That's because the WRX has a lot of value compared to the STI. I don't see the BRZ as having much value in that aspect.

I regularly see 02-03 WRX on dealer lots for between $9000 and $11000. Mine was roughly ~$9 KBB. Overpriced, still.

It's all relative - and your logic actually supports my premise. "That's because the WRX has alot of value compared to the STi". If a BRZ STi is released, it doesn't matter if it's turbo charged or not, the regular BRZ will still have a TON of value as a budget RWD sports coupe. It's already proving that versus the giants in many publication reviews.

You might have meant the WRX has alot of value as a daily driver sport car because of the 4-door sedan practicality. I think in that sense, different people are buying these cars, and the people searching for budget RWD sports coupes will be keeping demand up for the regular BRZ for a while (in theory, obviously not proven as nobody can see future).

So back to the OP's question, I think this car will do good in the "holding value" department.

[chanomatik]

Originally Posted by rice_classic

Economics in Highschool!

Either you're much older than me or much younger. Never heard of such thing and I've been saying for years that economics and finance (especially personal finance) should be taught in high school.

My high school taught personal finance, at least 10-14 years ago. Definitely good stuff to know.

Originally Posted by Spaceywilly

I put my car up in the classifieds since at the time I was looking at a house and was looking to get rid of the loan. Carmax offered $23,000 which I thought was pretty good and I was just going to see if I could get more than that. Since then I found bunch of problems with the house I was looking at so I'm not planning on selling the car anymore, but there hasn't really been that much interest.

I'm so glad you're keeping it! I was sad to read that you were wanting to sell it.

[jmaryt]

Originally Posted by OrbitalEllipses

That's because the WRX has a lot of value compared to the STI. I don't see the BRZ as having much value in that aspect.

I regularly see 02-03 WRX on dealer lots for between $9000 and $11000. Mine was roughly ~$9 KBB. Overpriced, still.

when the turbo hits,all (standard) frs's will take a large hit! count on it!
better off to wait if you can, and get the turbo! it's right around the corner

[n2oinferno]

Originally Posted by jmaryt

IF the turbo hits,all (standard) frs's will take a large hit! count on it!
better off to wait if you can, and get the turbo! it might be right around the corner

ftfy

And also, no, I don't completely agree with this. The used pricing on the older Genesis Coupe turbo didn't hit the floor as soon as the new model with way more power came out. Same with the Mazdaspeed Miata. It may drop a bit, but I think that if we are ever offered a turbo model there will be a price hike, and the NA models will still be worth a decent amount of money.

[Captain Insano]

Originally Posted by n2oinferno

ftfy

And also, no, I don't completely agree with this. The used pricing on the older Genesis Coupe turbo didn't hit the floor as soon as the new model with way more power came out. Same with the Mazdaspeed Miata. It may drop a bit, but I think that if we are ever offered a turbo model there will be a price hike, and the NA models will still be worth a decent amount of money.

Right, that's what I'm saying too. Any vehicle is going to eventually depreciate, but in my experience Subarus hold their value exceptionally well compared to most other brands. I think this will apply even considering the inevitable improvments Subaru makes to the BRZ in the upcoming model years.

[fistpoint]

Originally Posted by dsgerbc

Of course not. Buying from the dealer is easier, finding the right used car is also easier at the dealer, since they can arrange to get it. For an out-of-warranty car like the Civic you refer to dealers also might be required to provide a short warranty that a private party won't be likely to offer/honor.

Lot's of people trade-in their cars. Selling privately takes time and effort, for some it's not worth it.

Aha, and therein lies the tipping point. If you buy the "right" car, it sells itself. I sold my '93 Civic Si in 10 minutes. It went on sale Friday morning and by 10am I had two separate buyers beating on my door. The second guy bought it during the test drive, which pissed off the first guy who said he'd think about it while the second guy test drove.

By "right" car, I'm talking about ones with good resale value, the ones that do not apply to the age old perception(what the OP is talking about) that cars drastically lose value the moment you drive them away.

The only cars that fit that statement are junk brands. Hondas and Toyotas sell themselves privately or from a dealership...especially Si and top models. The twins most likely will fall into this category I think for other reasons as well assuming it is priced correctly(retail or close).

Therefore the idea that a vehicle loses value could only apply to people considering a trade-in brings me back to my point that it couldn't be trade-in value people are talking about. That would be similar to announcing to the world that water is wet and grass is green! Of course you don't get $100 for your item that is worth...$100. It goes without saying.

[jmaryt]

Originally Posted by n2oinferno

ftfy

And also, no, I don't completely agree with this. The used pricing on the older Genesis Coupe turbo didn't hit the floor as soon as the new model with way more power came out. Same with the Mazdaspeed Miata. It may drop a bit, but I think that if we are ever offered a turbo model there will be a price hike, and the NA models will still be worth a decent amount of money.

yes! a price hike,but it will be the one the "purists" will want,and unfortunately relegate the (standard) to just another good handling sports coupe

Originally Posted by Captain Insano

Right, that's what I'm saying too. Any vehicle is going to eventually depreciate, but in my experience Subarus hold their value exceptionally well compared to most other brands. I think this will apply even considering the inevitable improvments Subaru makes to the BRZ in the upcoming model years.

it's ok to dream i do too on occasion! i am a realist though,and not in denial.
the car WILL depreciate faster with a companion turbo model competing for the "same" "limited" market!.

Originally Posted by fistpoint

Aha, and therein lies the tipping point. If you buy the "right" car, it sells itself. I sold my '93 Civic Si in 10 minutes. It went on sale Friday morning and by 10am I had two separate buyers beating on my door. The second guy bought it during the test drive, which pissed off the first guy who said he'd think about it while the second guy test drove.

By "right" car, I'm talking about ones with good resale value, the ones that do not apply to the age old perception(what the OP is talking about) that cars drastically lose value the moment you drive them away.

The only cars that fit that statement are junk brands. Hondas and Toyotas sell themselves privately or from a dealership...especially Si and top models. The twins most likely will fall into this category I think for other reasons as well assuming it is priced correctly(retail or close).

Therefore the idea that a vehicle loses value could only apply to people considering a trade-in brings me back to my point that it couldn't be trade-in value people are talking about. That would be similar to announcing to the world that water is wet and grass is green! Of course you don't get $100 for your item that is worth...$100. It goes without saying.

you must have (g.m.) in mind when you refer to "junk" models. granted, when they leave the lot for the first time,the "bleeding" doesn't stop.

[powertrip]

There won't be a reasonable supply of used ones for another 2 years. The car just came out, no one in a normal situation would even consider trading it in right now. Used cars supply comes from lease returns, trade ins on different models, and people off loading cars they no longer want. At this point there is a very low amount of any of these going on.

Even then, I believe there won't be much savings on this car used even in 3 years. Expect maybe 80% of MSRP or so on a 3 year old low mileage car. Which is very high in used car terms. This is a high demand car that would be expect to last a while so it will take a long term for the used car prices to get realistic. You're better off getting these new for some time.

[jmaryt]

upon reflection,this DOES make sense!.i may be wrong,and what you state may very well happen! i certainly hope you are right! ideally "smart money" says to try to keep the mileage low,IF possible!