How is the resell value on the WRX? Someone told me that subarus does not have alotta value but i dunno if this is true or not... I'm not sure if this applies to the wrx..
Well anyways what do you guys think about the resell value on a WRX? I'm thinking about getting one... Just want to make sure i'm getting the right thing money wise.

what about the re-sale on a 2001 Chevy S10 Xtreme(loaded + others)???? anyone....i want to trade it or sell it for a new MY02 2.5RS...help please..:D

spt

The WRX is too new to be in any of the books. (NADA, Galves) I would think that the resale value should hold pretty well, but we'll see. If you wanna have a general idea of how Subaru's hold their value, just open a newspaper, and compare in the classifieds. Again, Subaru has never had a car like the WRX in the US, so in my opinion, all bets are off. We just have to wait and see.

Danny

:) Hmm, bout half. Want me to right you a check for $12,000? :D

A lot of people have asked this and no clear answers have been given. My thinking on this is that if you are an i-clubber, chances are that you are going to mod your WRX or RS or whatever you get. If you mod it, the value plummets. If you do not plan to mod it and you are worried about resale then maybe you should just lease it and not worry about it. If after your lease is over you still love it, then see what the resale is and get a new one. If you don't like it, then you just rented an awesome car for a while. No big loss. If you are buying a car as an investment, get a '67 camaro and restore it. Otherwise, buying a car is always a loss. Just get one and have lots of fun with it! :D I am!

Cars are money pits, especially high peformance cars. If you are worring about resale then you should probably buy something else.

One thing I noticed when I was shopping for a Subaru was the LACK of any in the papers or online! it seems, when people buy a subie they keep it for life... tells ya some thing doesn't it?

I'm attempting to buy an RS right now, and cannot find one priced even at book value, let alone below it. And people are getting it.

When I first noticed the RS, I asked the dealer the salvage value. BTW, they have to have it for leases and such. He informed me 55% after 3 years. Guess what? Three years ago would be 1998. Check what 98 RS's are selling for. A little over $11,000 seams to be the average. That's 55% of the ~$20,000 new. Hmmmm....appearantly the Subaru bean counters know something.

Go ask the dealer what the salvage value is. They might not want to tell you, but legally they have to. I learned this looking at depreciating vehicles for my business. I'd say their estimate will be close, if not a little low. Remember, the RS was a new model in 98, and they got close on it.

BTW, anyone got an RS at a decent price?

When I traded my 2000 5m OB Wagon for a WRX, the dealer gave 81% of what I paid. The OB was 23 months old and in good shape, average mileage. I don't expect the WRX will do quite as well.

Your WRX has no re-sale value... so just give it to me already :D

JD

If you take good care of the WRX it will age like a sports car, just like every other Subaru. Subaru has several of the best resale values in Australia and just looking around used Subes in the US sell for a bit more then other comparable cars.

Throws 2cents into ring:

Well, you're looking at a small production run car, with high demand, untouched performance for the dollar, and from a manufacturer with a good to excellent reputation for quality. On the whole, resale should be very good. Ultimately, a car is worth what someone is willing to pay for it. Looking at the factors above, the WRX should depreciate quite slowly. My guess, and here I'm diverging wildly into speculation, is it will depreciate around 10% per year (more in the first year, obviously).

Originally posted by Stoopid MOMO
Subaru has several of the best resale values in Australia ...

I remember when I was looking for a Subaru Liberty (Legacy), I could buy a new one for cheaper than I could get a used one (Same model about 6 month old) No joke.... The same goes for an impreza... Here the RX runs at about 34000, and I have seen some seccond hand ones selling for 35000....... Only a few months old though....

1996/97 WRX's which orignally sold for about 40,000, for a good one you will probally pay around $30,000.....

These are all in Aus Dollars, I might be wrong on the exact pricing but my point is that they hold their value well......

Has anyone ever seen a used one for sale? Other than the yellow one in Subcompact Magazine on ebay, I have never seen one. I think those who bought one knew what they were buying, more so than most of the other cars out there. With that being said, people arn't going to part with the wrx. IMO of course.

I have seen quite a few for sale, considerably. People are asking over invoice, and below MSRP. I'm sure they are trying to compansate for the delivery, tax, title, whatever. I have no idea if anyone is getting it. For my money, I'd spend the extra couple grand for all that to get one that you can properly break in. My father bought an Intrepid the first year they came out-dealer demo. He was wise enough to buy the extended warrenty. Five years later (end of warranty) he had over $5000 more in dealer warranty repairs than he paid for the extended warranty. Break you car in right, folks.

To be blunt, you are going to lose money on a car. Even a house is not an investment. You'll pay 7% interest, at best. You'll get a 5% per year return minus 3% inflation on average. You're losing even at that. You are going to lose money. Just bite the bullet, and realize it. You'll be a lot happier going in with that mindset.

Subarus have great resale I looked for one a while before I found my GT. Streetman- You need to check your source on investments. A house is a very good investment. Yes you pay 7% interest. But you have to live somewhere. If you rent an apartment you are losing alot more than 7%. I sold my first house for a profit of $20,000. I had about 3k in repairs.

Subarus are great cars so they are a good investment. When you can keep a car for 10 years after the payoff I think that is a good investment.

I plan to get at least $2,000 bucks out of mine when I sell it - in 12 years!:lol:

Seriously, cars are a money pit, but I have to disagree on real estate, that is an investment.

To be blunt, you are going to lose money on a car. Even a house is not an investment. You'll pay 7% interest, at best. You'll get a 5% per year return minus 3% inflation on average. You're losing even at that. You are going to lose money. Just bite the bullet, and realize it. You'll be a lot happier going in with that mindset

You need a place to live so you're stuck with paying rent or a mortgage. 7% interest on a mortgage is tax-deductible, rent expense is not deductible. Therefore the 7% interest is actually like 4% cost of money after tax. I've done the math and for me the rent vs. buy analysis goes like this (for the first couple of years): cash compared to cash, a $3,000 mortgage sets me back the same as ~ $2,000 rent on an annual basis.
At the end of that year I've accumulated $5,000 of equity assuming the home has neither decreased or increased in value.
Now, as for 3% inflation being the average amount of increase in value for a home - not around here, not in southwest Missouri where I have family, not very many places in the USA. We live in a desirable place, the earth's population is exploding and buying property is a no brainer! Getting into real estate is one of the smartest things a person can do, financially!

I am stepping off of my soap box now:D

To be clear, I was speaking of a $2,000 monthly rent vs. a $3,000 monthly mortgage PAYMENT, which equates to a MORTGAGE of approximately $440,000 at 7.25%. If you live anywhere else besides the San Jose Bay Area, downtown Manhattan or London - you'll likely be paying a lot less (lucky you!).