My Salesman Called today...

[J_82]

I agree with you on the savy consumer part.


Sorry type-o.

 

[ExpeditionAndy]

There is a 16’ by me for a bit over $30,000, the 18’ is $70,000 lol. Buying that new is a joke when compared to what’s sitting next to it. The 18’ will lose $30-40,000 in value in 2-3 years.

The reality is depreciation is only important if you plan to traded it in, in a couple of years. If you are going to keep it until the wheels fall off, then it really doesn't matter. If you have the excess cash and you want to buy new, then buy new. If you don't have the cash to do it, then don't buy new. Don't buy new if you have to take out a loan because you are upside down the moment you make the first payment or drive off the lot whichever comes first.

Ultimately it depends on the buyer.

 

[J_82]

The reality is depreciation is only important if you plan to traded it in, in a couple of years. If you are going to keep it until the wheels fall off, then it really doesn't matter. If you have the excess cash and you want to buy new, then buy new. If you don't have the cash to do it, then don't buy new. Don't buy new if you have to take out a loan because you are upside down the moment you make the first payment or drive off the lot whichever comes first.

Ultimately it depends on the buyer.

Depreciation is important to those who are smart with their money. Who likes to see their hard earn money go down the drain tomorrow or in 4 or 5 years?

 

[Plati]

I preferred to be frugal (not cheap) with my purchases over the years & retire early. When buying an $88,000 vehicle in my area ... that there is over $7K just in sales tax - gone forever. I could never bring myself to do that since I equated that with a certain amount of days at work. So my entire working life I saved a few bucks here and there and it added up to early retirement. Just me, everybody is different. My 2014 Expy EL has been (and still is)sweet and I keep it perfectly maintained. Cost $35K 2 years ago @ 34K miles now Blue Books $25K @ 65K miles. Its going to get me anywhere I want to go in almost the same comfort & safety as a brandy new Navigator. I spend less money than I might, but do anything I want in style. Like I said just me, not you.

I've been tracking my financial situation (i.e. Net Worth) for many many years. When I buy a vehicle from a dealer ... I immediately value it for what I paid minus sales tax & a "dealer purchase premium cost". Then every year after that I calculate the value to be 89% of the previous year. Its roughly right. Kinda funny also that as a vehicle ages, the rate of loss in value decreases BUT maintenance costs increase. So it can cost as much to own an older car as it can a newer one. Ain't fair!

 

[JExpedition07]

Depreciation is important to those who are smart with their money. Who likes to see their hard earn money go down the drain tomorrow or in 4 or 5 years?

Agreed, and it’s not even 5 years, it’s two!!! Look at a 2015 GMC Yukon or Expedition and you’ll find they are around $30,000 less than when they are new, kind of a joke. Spending 80k whether it’s for two years or for ten years is still grossly overpaying for a vehicle and losing that money. Technically for one to buy a Navigator they should be grossing at least $260,000 per year by rule of thumb. Lots of people overbuying in the market. SUVs are getting too pricey for average buyers who need them. Most people don’t gross over $200,000 per year as the automakers think we all do.

 

[Garrett]

Maybe it depends on the market, but here in KC a used Tahoe/Yukon Denali 1-2 years old is only about 10-12K less than a brand new 18 model...

 

[Pini]

30 grand less for a 15 Yukon? Where?!
You'll be lucky to get 15-20 grand off on a 15 Yukon Denali(3-4 years old) here in Dallas and that's with at least 30k+ miles and most of them are out of factory warranty. Might as well buy new if you are you gonna pay that much and get a full warranty. But that's just me...

 

[JExpedition07]

30 grand less for a 15 Yukon? Where?!
You'll be lucky to get 15-20 grand off on a 15 Yukon Denali(3-4 years old) here in Dallas and that's with at least 30k+ miles and most of them are out of factory warranty. Might as well buy new if you are you gonna pay that much and get a full warranty. But that's just me...

These were all over $70,000 just two to three years ago. If I buy one of these I’m certainly not paying $80,000, I’ll pay $40,000-50 and leave with a vehicle that’s barely broken in. After negotiations I could get any of these down to 40 grand even while you pay 80 grand even for a new platinum or Navi with a “warranty” that the gmc still has.

 

[chart75]

Just got an email from Best Car Buying Deals and at the top of the "Best End of Year Car Deals" is the 2017 Expedition with a discount of $13800. I don't see anything on the Navigator so they must be selling without discounting. http://www.realcartips.com/news/0772-end-of-year-deals.shtml

 

[Artie]

Just got an email from Best Car Buying Deals and at the top of the "Best End of Year Car Deals" is the 2017 Expedition with a discount of $13800. I don't see anything on the Navigator so they must be selling without discounting. http://www.realcartips.com/news/0772-end-of-year-deals.shtml

My local Lincoln salesman told me when we ordered our car that if we breathed on the 2017 Navigator we’d end up with it. I told him to not repeat that in front of my wife, he obliged. I’ve seen several ‘17’s with dealer plates that just sold in the last couple weeks. I don’t know what discounts they are getting but in my area they have been moving them from what I’ve seen on the road and in the dealer inventory search on the Lincoln website.

 

[cekkk]

So, he has an $88k, gussied up but, unfathomably, uglier, Expedition. I'll bet he does.

 

[gtnator]

I preferred to be frugal (not cheap) with my purchases over the years & retire early. When buying an $88,000 vehicle in my area ... that there is over $7K just in sales tax - gone forever. I could never bring myself to do that since I equated that with a certain amount of days at work. So my entire working life I saved a few bucks here and there and it added up to early retirement. Just me, everybody is different. My 2014 Expy EL has been (and still is)sweet and I keep it perfectly maintained. Cost $35K 2 years ago @ 34K miles now Blue Books $25K @ 65K miles. Its going to get me anywhere I want to go in almost the same comfort & safety as a brandy new Navigator. I spend less money than I might, but do anything I want in style. Like I said just me, not you.

I've been tracking my financial situation (i.e. Net Worth) for many many years. When I buy a vehicle from a dealer ... I immediately value it for what I paid minus sales tax & a "dealer purchase premium cost". Then every year after that I calculate the value to be 89% of the previous year. Its roughly right. Kinda funny also that as a vehicle ages, the rate of loss in value decreases BUT maintenance costs increase. So it can cost as much to own an older car as it can a newer one. Ain't fair!

I'm curious, what do you do for a living? Something in finance?

 

[gtnator]

My local Lincoln salesman told me when we ordered our car that if we breathed on the 2017 Navigator we’d end up with it. I told him to not repeat that in front of my wife, he obliged. I’ve seen several ‘17’s with dealer plates that just sold in the last couple weeks. I don’t know what discounts they are getting but in my area they have been moving them from what I’ve seen on the road and in the dealer inventory search on the Lincoln website.

You did the right thing going for the 2018. At this point since there is a 2018 redesign for Expy/Navi, if I were even considering a new 2017 Expy/Navi I think I would either just go 3-4 year old Expy/Navi or get a new Yukon XL Denali which won't be redesigned for another few years and has great deals thanks to competition from the new Expy.

 

[Plati]

I'm curious, what do you do for a living? Something in finance?

I'm a retired Engineer. Last 20 years of employment I was in the Patent Infringement game at Xerox. Actually we called it WAR not game. There was an Offense side and a Defense side. There was a time when Xerox was a pretty amazing company.

KBB just put out this review of the 2018 Expedition or at least I just noticed it!
https://www.kbb.com/ford/expedition/2018/
https://www.kbb.com/car-news/all-th.../?psid=44424&siomid=tgn3ajss_d||||fvxhpedzw0|

WOW ===> "the new skin is all aluminum"
hope its not like my snowmobile trailer and can be parked under an Oak Tree!!

the 2018 Navi
https://www.kbb.com/car-news/all-the-latest/2018-lincoln-navigator-first-review/2100004871/

 

[Artie]

You did the right thing going for the 2018. At this point since there is a 2018 redesign for Expy/Navi, if I were even considering a new 2017 Expy/Navi I think I would either just go 3-4 year old Expy/Navi or get a new Yukon XL Denali which won't be redesigned for another few years and has great deals thanks to competition from the new Expy.

Yes we did the right thing for sure, we looked at both 2017 Expy and Navi but I had already read about the update so we decided to wait.

 

[edizzle]

I want to make sure we are talking apples to apples here. An ‘18 platinum, non max, 4wd, tow package, and headrest TV system.

If it is 2wd and no TVs, that right there is 5k

Edit: supposed to have quoted Garrett

 

[Garrett]

I want to make sure we are talking apples to apples here. An ‘18 platinum, non max, 4wd, tow package, and headrest TV system.

If it is 2wd and no TVs, that right there is 5k



Edit: supposed to have quoted Garrett

Yep 4x4 with rear entertainment and all others.