RWD - the values of the 240's are not keeping pace with the cost of their repairs and parts
                    

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the values of the 240's are not keeping pace with the cost of their repairs and parts 200

I agree with Ted: this is an empty statement. This guy needs to explain himself and show some numbers if he wants to back up such a claim.

There is also the hidden assumption that a car is "worth" more than it's value as transportation. My car gets me where I'm going. Its value lies in its use as transportation (just like 95% of the cars on the road) and since I can easily and cheaply fix anything that goes wrong with my 240, usually in an evening before work or school the next day, it has a high transportation value. This sort of worth will not decline rapidly, which is why 240's kept their monetary value so well, for so long.

I remember the Blue Book on my car a few years ago was still $5000 for a 15 year old car. That reflects the real value of the car as safe, reliable, economical transportation. Unfortunately, our cars are getting old; old enough that many repairs are needed, entire suspension rebuilds, even engine ovehauls occasionally. The value for the average driver goes down accordingly, because these things are beyond his abilities and represent huge inconvenience and cost. So Blue Book prices also fall.

But the value to us, we select few who can do eveything from a tune-up to a tranny swap, and who can effect most repairs on the side of the road with minimal tools, will never diminish.

I did not buy my car to make money on, and anybody who thinks they can buy a car that will "hold its value" or perhaps even increase in value is not just ignorant, they are stupid. A car is not an investment; it is consumable.




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New the values of the 240's are not keeping pace with the cost of their repairs and parts [200]
posted by  volvoboz  on Sun Apr 5 06:52 CST 2009 >


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