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Old 02-03-2003, 03:00 PM   #1
cabalisticfire
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Default Will the STI hold its value?

I was on the list back when the WRX came out. I was #1 at my local dealer at the time for MSRP. 2 years later I'm in the same boat, #1 at a local dealer on the STI. Here's a concern, in less than 1 year from the release of the WRX they were readily available at invoice from both local dealers and carsdirect.com. Those who paid MSRP paid a heck of a premium to be 1st, those who paid over MSRP got screwed.

With SOA's stated direction of wanting to be known as a manufacturer of sporty/high performance cars and their desire to gain market share here in the US, I figure they are going to build as many STIs as they can sell. Not good for resale.

For some this wont matter, those who are "hard core" Subie fans and those who keep their cars for many years wont be as effected. But, I only go about 2-3 years between swaps. I'm wondering if I'm going to loose my butt on this deal.
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Old 02-03-2003, 03:04 PM   #2
Seraph
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And with the long-lasting characteristics of most subarus, i don't really care if it holds its value, i'm not getting it to be a financial investment, i tend to think of it as going to an amusement park with a rollercoaster and paying each month to ride it as much as i want
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Old 02-03-2003, 03:10 PM   #3
Brahmzy
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Well, if the STi's priced low enough and they start sellin' 'em like nuts, it'll lose value real quick. Especially if the body redesign thing happens in '06. That's exactly why I lease. If you sell your cars in 3 years, you are an IDIOT if you don't lease. Unless, of course, you are paying cash in full.
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Old 02-03-2003, 03:17 PM   #4
gtguy
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Repeat after me:

Rare is the car that holds its value. Rare is the car that holds its value...

An STi is worth a lot only to people who will buy one, or board members. It isn't magic, or immune to depreciation. It's a car with exceptional performance capabilities, but a car nonetheless, that is still based on an economy car.

Buy it, love it, drive it like you stole it. But don't worry about depreciation and stuff like that. It's a car, not an investment.

Kevin
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Old 02-03-2003, 04:44 PM   #5
pro_ra1
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Quote:
Originally posted by gtguy
Repeat after me:

Rare is the car that holds its value. Rare is the car that holds its value...

An STi is worth a lot only to people who will buy one, or board members. It isn't magic, or immune to depreciation. It's a car with exceptional performance capabilities, but a car nonetheless, that is still based on an economy car.

Buy it, love it, drive it like you stole it. But don't worry about depreciation and stuff like that. It's a car, not an investment.

Kevin
Gotta agree here. Kevin is absolutely right. I work in car sales and ever single car we take in trade takes a big hit. Some more than others. If you want high resale value, get a Toyota or Honda.

Nate
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Old 02-03-2003, 05:59 PM   #6
RaceCarRiot
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Default Re: Will the STI hold its value?

Quote:
Originally posted by cabalisticfire
...Here's a concern, in less than 1 year from the release of the WRX they were readily available at invoice from both local dealers and carsdirect.com. Those who paid MSRP paid a heck of a premium to be 1st, those who paid over MSRP got screwed.
sorry, but if you HAVE to be first in line for everything, especially something like a car, you're always going to be paying MSRP or higher.

i mean, if you HAVE to have it now, can't live without it, don't plan on selling the car in a few years, and can afford it, more power to you. i don't want to begrudge anybody anything, but i personally refuse to put money down to be put on a waiting list or something like that. AND then pay more for the car. it's just not good financial sense...you'll never come out ahead.
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Old 02-03-2003, 05:59 PM   #7
SlimChance
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Default

Quote:
On average, cars (and trucks, too) lose more than 20% of their value in the first year. Some vehicles lose as much as 40%. The second year isn't much better, as they disintegrate another 15% or so in value. (Take heart, Fool. Each year the bite is a little smaller, i.e. 13% in the third year, 12% in the fourth, etc. And don't forget we are talking averages here; your new Foolmobile may depreciate by more, or less, in any given time frame).
This is from www.fool.com. It's a financial strategy website. Also, similiar information can be found at www.edmunds.com.

Slim
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Old 02-03-2003, 08:56 PM   #8
mr2guru
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The only cars I have known to really hold their value but were still fairly common were the MKIV supras and the E36 M3

I am sure there are others but those stick out in my mind.

I believe the STi will depreciate like any other subaru.

I think cadillac still holds the highest depreciation title among brand names.
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Old 02-03-2003, 11:51 PM   #9
Seeing StaRS
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Quote:
Originally posted by Seraph
And with the long-lasting characteristics of most subarus, i don't really care if it holds its value, i'm not getting it to be a financial investment, i tend to think of it as going to an amusement park with a rollercoaster and paying each month to ride it as much as i want

Nice philosophy
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Old 02-04-2003, 01:24 AM   #10
Frederf
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Cars which hold their value are those which are enjoyable and favorably comparable with future cars. Rare also doesn't hurt.

A like-new Porsche '95 968 coupe with a manual would sell (to me ) at nearly the same price as it did new (factoring inflation).
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Old 02-04-2003, 03:03 AM   #11
Kostamojen
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I bet it will still be worth over $20k in 5 years.
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Old 02-04-2003, 03:24 AM   #12
RA29
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Some classic cars at those barratt-jackson auctions fetch ridiculous amounts of money.

I dont think the STi will be one of them however . . .
The most exclusive Impreza (other than the WRC car), the 22B, has dropped in value by quite a bit since its introduction.
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Old 02-04-2003, 11:09 AM   #13
cabalisticfire
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Judging by the responses I guess I've gotten spoiled by not having to toss many thousands down the drain for every car swap. To be fair, I have bought a few clean used cars for really good deals that have mean much less depreciation for me.
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Old 02-04-2003, 12:21 PM   #14
thebigshow
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my '00 si is crazy. i see used ones sellin for more than i bought it new. totally insane. too bad i modded the crap out of mine; now i can't get jack for it. but i agree with the points about leasin. u don't own a car until it's payed off, so if u think u might want something new in a couple years, just lease. i'm gonna try and lease an sti, then if i can't part with it, just finance the residual. subaru residuals r generally conservative, so it should b less then they could sell it to the public for, savin me money.
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Old 02-04-2003, 02:54 PM   #15
STI2B
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Quote:
Originally posted by Frederf
Cars which hold their value are those which are enjoyable and favorably comparable with future cars. Rare also doesn't hurt.

A like-new Porsche '95 968 coupe with a manual would sell (to me ) at nearly the same price as it did new (factoring inflation).
Overall the message is right. If you don't want to loose money...don't by an STi right away at MSRP...don't buy the car new in a year from now at List....rather buy the car used in three years and let somebody else take the hit.

On the 968, I think Frederf is wrong (or if not he can buy mine!). My '94 stickered at $46,000 and adjusted for inflation that would be $80,000. But you can buy one for less than $20,000. So somebody has already taken a big hit! However the economics look good in that my 968 has only dropped $2K in two years....now that is manageble depreciation!
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Old 02-04-2003, 03:14 PM   #16
CoOlSlY
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Default

If the STi is rare enough, it will hold it's value for sure. A rare car mean that if somebody wants a used one, they will have to buy the one that is available.

Here in Quebec, I don't know if it's like that in the US but when I advertised my 99 Cobra in spring 2002, I had 2500$ MORE than what my buy-back was. It was the only one available for sale in the newspaper. I then bought a 02 Z06 that I sold 5 months later and got 2000$ more than what was remaining to pay... Was still the only one for sale...

I had a Trailblazer 2002, there were dozens of it for sale, I lost about 2000$. If the STi is rare enough, in 3-4 years, when you will want to sell it, there will be only one or *maybe* 2 at the same time for sale so you will have a good resale value.

Just my 2 cents

Sylvain
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Old 02-04-2003, 05:04 PM   #17
Mako
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Default nice

Quote:
Originally posted by Seraph
And with the long-lasting characteristics of most subarus, i don't really care if it holds its value, i'm not getting it to be a financial investment, i tend to think of it as going to an amusement park with a rollercoaster and paying each month to ride it as much as i want
That's a great metaphor!!!

Mako
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Old 02-04-2003, 05:28 PM   #18
somebody else
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Thumbs up

Historically, the highest version of any given model for any given year holds its value the best. The car depreciates for the first few years, then, if it's a great car, stays level, then appreciates.

All the above presumes the car is dead-ass stock, never had an accident, and is maintained faithfully both mechanically and appearance-wise.

--scott
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Old 02-04-2003, 05:46 PM   #19
WRXURV8
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Quote:
Originally posted by Brahmzy
Well, if the STi's priced low enough and they start sellin' 'em like nuts, it'll lose value real quick. Especially if the body redesign thing happens in '06. That's exactly why I lease. If you sell your cars in 3 years, you are an IDIOT if you don't lease. Unless, of course, you are paying cash in full.
That sucks that I am an IDIOT because I will be getting a new car in two years or less. Heck, I am already on my second WRX, with an STI on order (still not decided if I will take delivery but I am #1 at my dealer......Silver and Silver Wheels ). I put 45,000+ miles on my cars each year, so leasing a car would make me an IDIOT. If I am an IDIOT for making a bad investment......look at it like this: You lease your cars and get no equity in them and thus you are renting a car for the term of the lease. If you buy it afterwards, you pay for it twice. Also, if you are an IDIOT for not leasing, what about the guys who spend thousands on their cars never to see any of it back (other than in the form of pleasure). Are they IDIOTS also? Cars are a bad investment anyway you look at it, but you have to pay to play. I can only afford one car. Anyway I look at it, I love cars, spend most of my day in a car, and no matter what I do, I will lose money on the car, either in resale value, aftermarket parts, etc. If I put 45,000+ miles on a car a year, I will lose no matter what. So, the moral of the story is, no, I am not an IDIOT, and.....I must have an STI .
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