- 291
- 10
- Joined
- Dec 6, 2008
If you're in the market to buy, the deals are great. But once you have bought the car the deals kill your resale value. The problem is that GM saturates the market with their cars. Way more supply than there is demand. There's not that many people looking to buy a $60K Camaro, but that wont stop GM from producing them like everybody wants one.Originally Posted by ninjahood
so because da company offers deals you have a problem with that? first time i heard of such a problem ..Originally Posted by voodoo
Sure, cars aren't investments but some manufacturers monitor the demand and only supply just enough so the resale value stays high (for a while). GM has no such strategy, they just keep throwing out cars no matter if they are sitting on dealer lots with no buyers. Then they have to offer 0% financing and cash rebates just to beg people to buy the cars. So if the brand new ones are heavily discounted what do you think happens to the used ones? I had a ZR1 and I was lucky enough to sell it right before GM offered the 0% financing and the rebates. I don't see myself buying another GM product anytime soon. Not that their cars are horrible... I just don't like the way the company operates.Originally Posted by cguy610
To be honest, depreciation on most cars is pretty horrible. I mean you have your exceptions like the Hondas and Toyota's but nearly all cars have horrible depreciation, especially luxury cars like BMWs and Benzes.