Do you ever worry about resale value?

General discussion about cars. Looking to buy a new car? Have a great driving story? Post it here!
User avatar
Shadow
Master Standardshifter
Posts: 3384
Joined: Fri Jan 21, 2011 8:51 am
Location: New York

Do you ever worry about resale value?

Post by Shadow »

I was talking to a friend of mine who is in the market for a new car. Knowing that he's owned several manual transmission vehicles in the past, I asked him if he was considering buying one again. His answer kinda surprised me. He said, "As much as I'd like to buy a stick again, I'm worried about the resale value", which he then went on to explain that selling a stickshift car is tough because there simply aren't many buyers for them. I tried to argue that there's always a buyer out there, but deep down I knew he was correct when he said that there is a limited market when you're trying to sell a stickshift car.

Personally, I've never worried about that. How about you?
Image
User avatar
bk7794
Master Standardshifter
Posts: 1561
Joined: Tue Jul 05, 2011 3:16 am
Cars: 00 Civic (Stock)
Location: Central CT

Re: Do you ever worry about resale value?

Post by bk7794 »

It's interesting that he says that, I am in the market for a new car and at a local ford dealer, there is a 2011 brand new fiesta SES. They still have it and they say that the only reason that it's still there is because it's a stick. I personally don't care too much because I don't plan on selling the car I am looking at in the foreseeable future. Though I can see where it can become an issue, especially depending on the car and the make.
2004 Honda Accord 2.4 5 Speed
1989 Ford Taurus SHO 5 speed
Rope-Pusher
Master Standardshifter
Posts: 11607
Joined: Mon Mar 16, 2009 3:44 pm
Cars: '08 Jeep Liberty
Location: Greater Detroit Area

Re: Do you ever worry about resale value?

Post by Rope-Pusher »

Nuh-Uh.

Resale?...Schmesale!

Eye Yam driving mine until the wheels fall off!

'08 Jeep Liberty 6-Speed MT - "Last of the Mohicans"
User avatar
six
Master Standardshifter
Posts: 4674
Joined: Thu Mar 16, 2006 4:45 pm
Cars: 2015 Chevrolet SS 6MT
Location: California, U.S.

Re: Do you ever worry about resale value?

Post by six »

Resale value is the lowest rung of my worry ladder.

Scratch that, it's the ground the ladder sits on. No, under the ground. Bedrock. I worry more about the dash getting dusty.
Image
2015 Heron White Chevrolet SS Sedan 6MT
User avatar
AHTOXA
Master Standardshifter
Posts: 14693
Joined: Sun Dec 23, 2007 6:31 pm
Cars: '19 4RUNNER TRD ORP
Location: Irving, TX

Re: Do you ever worry about resale value?

Post by AHTOXA »

Not a worry of mine at all.
'19 Toyota 4Runner TRD ORP
'12 Suzuki V-Strom 650
watkins
Master Standardshifter
Posts: 15880
Joined: Sun Jul 01, 2007 12:42 am
Cars: '08 Saab 9-5 Aero wagon
Location: Salem, MA

Re: Do you ever worry about resale value?

Post by watkins »

I dont care at all
User avatar
Shadow
Master Standardshifter
Posts: 3384
Joined: Fri Jan 21, 2011 8:51 am
Location: New York

Re: Do you ever worry about resale value?

Post by Shadow »

I don't worry at all about resale value either. But I guess some people do....

BTW, he's considering a new M6 and he's purchasing instead of leasing. It's ironic that he's dropping more than $100K on a car and that he's concerned with resale value. Depreciation is going to be a major bitch on that car anyway, despite his choice of transmission.
Image
User avatar
potownrob
Master Standardshifter
Posts: 7833
Joined: Sun Jun 05, 2005 11:35 pm
Cars: '17 CX-5 GT
Location: Dutchess County

Re: Do you ever worry about resale value?

Post by potownrob »

i am incapable of thinking far enough ahead to truly worry about depreciation and resale values. going along the lines of what someone already said in here, i'm more worried about dust collecting on my hard plastic dashboard and other things relevant to the ownership experience with the car i'll be driving, than with issues that might come up when i go to sell it. now, those who bought houses at peak prices should probably be worried about resale values...
ClutchFork wrote:...So I started carrying a stick of firewood with me and that became my parking brake.
MFan
Junior Standardshifter
Posts: 47
Joined: Wed Aug 29, 2012 2:20 am

Re: Do you ever worry about resale value?

Post by MFan »

I don't have a choice as the "Moupe" doesn't come in auto :mrgreen: Besides, I love this car so much that I'll drive it until the wheels fall off of this thing...So, I'm not worried about it for one second :lol:
2008 BMW MCoupe
User avatar
Standardshifter
Site Admin
Posts: 869
Joined: Tue Jan 07, 2003 11:23 am
Cars: 2005 Legacy GT, Buell
Location: Boston, MA
Contact:

Re: Do you ever worry about resale value?

Post by Standardshifter »

Keep my cars too long to worry about resale value. :lol:
-Standardshifter
Shifting the Standard of Automotive Websites
User avatar
4onthefloor
Master Standardshifter
Posts: 1360
Joined: Fri Feb 15, 2008 10:21 pm
Cars: '17 WRX, '07 Impreza
Location: London, ON for now

Re: Do you ever worry about resale value?

Post by 4onthefloor »

bk7794 wrote:It's interesting that he says that, I am in the market for a new car and at a local ford dealer, there is a 2011 brand new fiesta SES. They still have it and they say that the only reason that it's still there is because it's a stick. I personally don't care too much because I don't plan on selling the car I am looking at in the foreseeable future. Though I can see where it can become an issue, especially depending on the car and the make.
That's how my dad got a sweet deal on his Focus. It was the only 5MT on the lot and it had been sitting there for months.


I don't care about residual value. I plan on keeping my current car until it's not worth much anyway.

You'll almost always lose money on a car. Might as well enjoy it while you pay for it.
Two pedals, two feet, too easy.

Car: 2007 Impreza 2.5i Special Edition
http://www.standardshift.com/forum/view ... 32&t=13230
User avatar
Boston Fit
Senior Standardshifter
Posts: 392
Joined: Thu Nov 19, 2009 9:28 pm
Location: People's Republic of Massachusetts

Re: Do you ever worry about resale value?

Post by Boston Fit »


In the U.S. market, I would expect sticks to have generally lower resale value versus their automatic counterparts due to lower demand. Solution: Turn it to your advantage and buy used! Problem solved.

2013 Honda Civic Si
tankinbeans
Master Standardshifter
Posts: 4029
Joined: Tue Apr 26, 2011 9:04 pm
Cars: 17 Mazda6 To, 18 Mazda3 i
Location: Shakopee, MN

Re: Do you ever worry about resale value?

Post by tankinbeans »

Boston Fit wrote:
In the U.S. market, I would expect sticks to have generally lower resale value versus their automatic counterparts due to lower demand. Solution: Turn it to your advantage and buy used! Problem solved.

I've generally always bought used and thus have not really worried about resale value. My opinion is to drive what you like, or being able to get top dollar isn't going to matter because you'll try to kill it with fire - thus lowering resale value.

Currently I'm in a lease, and am thinking that I'll probably keep it afterward. Just going to see if I can come up with a way to save the money to buy out the lease at the end of my term. If I get this job I'm looking at, it may be a very definite possibility.
17 Mazda6 Touring
18 Mazda3 iSport
InlinePaul wrote:The driving force of new fangled features to sell more cars [is to] cater to the masses' abject laziness!
Image
User avatar
Squint
Master Standardshifter
Posts: 3390
Joined: Thu Apr 21, 2011 12:44 pm
Location: KY

Re: Do you ever worry about resale value?

Post by Squint »

Good luck with the job, TnB.

I won't say I didn't think about it when purchasing, but resale value is pretty darn low on my list of things I worry about. Like my parents before me, I plan on keeping vehicles until at least a few years after they are paid off. Basically, until I don't feel like working out the crazy problems anymore - or if they become WAY too expensive to repair. Now if I had someplace reliable to work on a vehicle... that might change.

I can't say that I'll keep the Fiesta forever, but I certainly would be fine keeping it for years as a to/from work vehicle (or just me running errands). It won't work forever in the future for family needs since the back seat is tiny.
'15 Mazda 3 iSport Hatch 6MT
'11 Ford Fiesta Hatchback SE 5MT
'14 Giant Escape City 24MT
'97 Honda Civic EX 4AT - Retired @ 184,001 mi

For Pony!
tankinbeans
Master Standardshifter
Posts: 4029
Joined: Tue Apr 26, 2011 9:04 pm
Cars: 17 Mazda6 To, 18 Mazda3 i
Location: Shakopee, MN

Re: Do you ever worry about resale value?

Post by tankinbeans »

Squint wrote:Good luck with the job, TnB.

I won't say I didn't think about it when purchasing, but resale value is pretty darn low on my list of things I worry about. Like my parents before me, I plan on keeping vehicles until at least a few years after they are paid off. Basically, until I don't feel like working out the crazy problems anymore - or if they become WAY too expensive to repair. Now if I had someplace reliable to work on a vehicle... that might change.

I can't say that I'll keep the Fiesta forever, but I certainly would be fine keeping it for years as a to/from work vehicle (or just me running errands). It won't work forever in the future for family needs since the back seat is tiny.
Thank you. I'm in the "we're not sure if we want to talk to you" phase of the process and am trying to keep up on that.

I've always had good luck with Fords and I'm learning to be more like my dad and less like my mom, in that I'd like to keep a car long past its expiry date. The shortest time my dad has ever had a car was 12 years (a bog standard 99 Escort - didn't even have a tape deck), until it was finally killed in it's third nasty collision (2 t-bones and a rear-ender - Escort going face first every time at the hands of my brothers) and my dad didn't feel like fixing it again. My mom, on the other hand, tends to change up pretty frequently. Up until now I've had that tendency, but I'm moving away from it.
17 Mazda6 Touring
18 Mazda3 iSport
InlinePaul wrote:The driving force of new fangled features to sell more cars [is to] cater to the masses' abject laziness!
Image
Post Reply