So much for resale of the Solstice

[MITCH]

Originally Posted by StevieG I totally concur. I respect Mitch, but totally disagree with his postings on this subject, and this subject alone. He has consistently posted his belief in what edmunds or other valuation sites suggest, but they are not reality based. Try selling your Solstice and see what you are offered. If you get an offer, that is. Further, your logic Scootch, a brand new 07 leftover with a full 7 year warranty and other perks versus a used base is a no brainer. And others are gonna feel the exact same way, unless it is a lower serial number 1st 1K for Authenticity only. Sadly, some here feel that this car was their investment nestegg, as discussed to infinity and beyond this past year. That, is sad commentary. But, looking at it for what it is worth, now is the time to PURCHASE a new or used Sol because of the incentives, the BUYERS MARKET, and the fact they there seem to be readily available. That last part says a lot.

So I would guess these figures are bogus also, from KBB. If you had bought an 06 Miata Mx5 you would have seen a KBB loss of about $4,400. An 06 Crossfire you would have taken an $11,000 hit.

Are there any figures we can believe from KBB and NADA?

Mitch

[unclefester]

Originally Posted by MITCH Amazing that a car built back in the middle of 2005 is worth $21,140. in January of 2008! only $360 less than it's original cost! When was the last time anyone owned a "new" American car that could make that claim? 2006 Pontiac Solstice Convertible 2D Private Party Value 7,200 miles. 01/05/2008 ZIP Code Excellent Outstanding condition, top 5% $21,140 If you had bought an 06 Miata Mx5 you would have seen a KBB loss of about $4,400. An 06 Crossfire you would have taken an $11,000 hit.$$$$ Big losses on most cars. We are very fortunate that our Solstice is so well loved, it really holds it's value Kelley Blue Book Classifieds™ Reach millions of shoppers on kbb.com, AutoTrader.com, and other popular sites. Mitch

When I traded my 06 NA in for the GXP the dealer told me KBB was $19,800, but he would give me $19,000. Yours may list for 21 but you'll never get that from a dealer. Not when you can spend 2 or 3 grand more a pick up a brand new one. Even though yours was only used on Sunday and never driven over 40 MPH.

[Backstage]

In my car buying experience, new and used, the price quoted by the dealer is usually less than the price I write on the check. The real question is, "Who has bought a used Sol lately, and how much did you pay?"

Any answers?

Backstage

PS I'd not part with 909 for even big bucks, but that's beside the point

[StevieG]

Originally Posted by MITCH So I would guess these figures are bogus also, from KBB. If you had bought an 06 Miata Mx5 you would have seen a KBB loss of about $4,400. An 06 Crossfire you would have taken an $11,000 hit. Are there any figures we can believe from KBB and NADA? Mitch

Mitch, I do not know anything about the resale or buying market of used or new MX-5s or Crossfires. Neither vehicle has ever interested me. For that reason, and that reason alone, I do not know if the figures from KBB, Nada, Edmunds, or others are erroneous or if they are truly indicative of the market. What I do know, is traditionally, the Miata has had reasonable demand on the used car market and this has historically translated into healthy resale value. Again, this is historically and BEFORE GMs introduction of the game-changing Kappa twins.

I ask honestly, try selling your Sol at that price you quote from KBB and see if you get offers. You won't at the asking price. Not baserd upon what I am seeing of GXPs in the 07 and 08 used models versus new.

[XplosivePlushToy]

Ugh. I guess this means more and more Sols will be falling into the hands of irresponsible and stupid teenagers before we know it.

[Critterman]

Price on convertibles always drops in the winter, and rise in the spring/summer

[dave clancy]

Originally Posted by Critterman Price on convertibles always drops in the winter, and rise in the spring/summer

sales always suffer when the top stays up

[duckSol]

Originally Posted by dave clancy sales always suffer when the top stays up

Very true and if anyone is considering buying now, STOP!

Wait untill this time next year. We are headed for an economic downturn maybe even a recession. I won't say it will be the worst in my lifetime of 51 years, but I truly think it will be bad.
Good things come to those who wait, "patience grasshopper."
Bank this and wait untill things get bad and cheap, then be a good citizen and spend like a drunken sailor to bring us back from the brink of depression.
This timeline is after te election when the economy and used car prices like the Solstice have really gone to the dumper.
By then I should have the wife talked into stripes for our worthless loaded 07 Solstice and the Kubota will be paid for.

[MITCH]

Originally Posted by StevieG Mitch, I do not know anything about the resale or buying market of used or new MX-5s or Crossfires. Neither vehicle has ever interested me. For that reason, and that reason alone, I do not know if the figures from KBB, Nada, Edmunds, or others are erroneous or if they are truly indicative of the market. What I do know, is traditionally, the Miata has had reasonable demand on the used car market and this has historically translated into healthy resale value. Again, this is historically and BEFORE GMs introduction of the game-changing Kappa twins. I ask honestly, try selling your Sol at that price you quote from KBB and see if you get offers. You won't at the asking price. Not baserd upon what I am seeing of GXPs in the 07 and 08 used models versus new.

Stevie, I'm just asking one simple question. Are the re-sale values of the PT Cruiser, Miata, Stratus, and mostly every other car on KBB and NADA inflated also, It sure looks like they have tanked pretty bad over the last 27 months?

Are you saying they just haven't caught up with our beloved Solstice? I will never sell my Pristine "Christine"

Maybe they are giving it more credit then it's due? I personally believe when warm weather hits Mooseport, it will be worth what is reflected by KBB and NADA at the time.

Mitch

[PAO]

what a document or database states an object may be worth, doesnt necesarrily reflect what the market will bear or what a dealer of the object will pay.....being a avid coin collector, we have what is called a grey sheet...which reflects the value of a coin, however any reputable dealer will probably only purchase that coin from you for 70-80% of that grey sheet value if you are lucky....certainly you may be able to sell the coin independently for more but that is seldom the case for an educated collector....


the same can be said for used car values, unless its a true collector car....which our solstice isnt....and probably never will be.......

and just for comparision....did a KBB for our car which is fully loaded less Onstar, but with Mitch's mileage......for our area code

Trade In Value:
Excellent
$19,350

Good
$18,260

Fair
$16,365



Private Party Sell:

Excellent
$21,610

Good
$20,400

Fair
$18,825



a dealership will never offer Excellent condition on any car, and we paid MSRP at $25,075 for our car......

[GregGXP]

Heck, most dealerships I have been to don't want to give the "good" price let alone the excellent value. Even if the car looks like it belongs on the showroom floor, they will give you every excuse in the book why they will only give you the fair value. I have walked away from deals with a car in excellence condition when they tried offering fair value and I was not stopped.

Greg

[nomadsole]

Hello and welcome to the real world. Something we Earthling's...well call Earth. Ice tea's been invented as well.

[GregGXP]

That's the point, but thanks for clarifying...

Greg

[nomadsole]

You are welcome and I see you are new...welcome aborad! Stick around for a little while, this will soon come up again, much like compariosns to the Corvette

[StevieG]

Originally Posted by MITCH Stevie, I'm just asking one simple question. Are the re-sale values of the PT Cruiser, Miata, Stratus, and mostly every other car on KBB and NADA inflated also, It sure looks like they have tanked pretty bad over the last 27 months? Are you saying they just haven't caught up with our beloved Solstice? I will never sell my Pristine "Christine" Maybe they are giving it more credit then it's due? I personally believe when warm weather hits Mooseport, it will be worth what is reflected by KBB and NADA at the time. Mitch

No, Mitch, I cannot answer that simple questions because I do not own a PT Cruiser, Miata or Stratus, but I do own a Solstice GXP. Since, I do not own those cars, haven't followed them in the new or used car arena, and I am not interested in those cars, I cannot offer an informed opinion of what their resale value is. Different with the Solstice, since I own one, since I like what I own, since I see them at auction more and more the last year, and since my getting an 08 or 09 model if I want one would depend on what my 07 was fetching at auction or private sale. So, I follow the numbers, Mitch. Like I have said, I respect your opinion on this---I just totally disagree with the quotes you make of how little your car has lost in value by your quoting of KBB or NADA values. That is it. Until you or I are ready to trade, or sell our Solstices, it really is a moot argument. It will be a good one for each of us on the day of sale or trade, won't it???