Notices

Scion xB/xA Rated Top Ten in Value Retention

Thread Tools
 
Search this Thread
 
Old Nov 28, 2006 | 05:09 PM
  #1  
hotweelz4me's Avatar
Thread Starter
Senior Member
10 Year Member
5 Year Member

SL Member
Scinergy
 
Joined: May 2006
Posts: 1,121
From: Jacksonville, FL
Default Scion xB/xA Rated Top Ten in Value Retention

http://autos.msn.com/advice/CRArt.as...tentid=4024366

Today on MSN I came across a pic of the RS4.0 featured for a Consumer Reports article naming the top and bottom ten cars for depreciation and value. Scion xB takes #3 and the xA is #9 on the top ten list!
Old Nov 28, 2006 | 05:12 PM
  #2  
kitkit201's Avatar
Senior Member
10 Year Member
5 Year Member

SL Member
 
Joined: Oct 2006
Posts: 286
From: Daly City, CA
Default

clap! go box and your amazing ways!!
Old Nov 28, 2006 | 05:16 PM
  #3  
Random311's Avatar
Senior Member
10 Year Member
5 Year Member
SL Member
 
Joined: Jul 2006
Posts: 137
From: Atlanta, GA
Default

Nice! Two Scions on the list.
Old Nov 28, 2006 | 05:34 PM
  #4  
black_sand_box's Avatar
Senior Member
10 Year Member
5 Year Member

The Family
SL Member
 
Joined: May 2006
Posts: 840
From: I'm Behind You
Default

It should have beat the Mini.
Old Nov 28, 2006 | 05:37 PM
  #5  
inversed's Avatar
Member
5 Year Member
SL Member
 
Joined: Sep 2006
Posts: 72
From: Syracuse, NY
Default

This is great news... Not that I'd ever sell my xB.
Old Nov 28, 2006 | 05:46 PM
  #6  
Basilius's Avatar
Senior Member
10 Year Member
5 Year Member
SL Member
 
Joined: May 2006
Posts: 123
From: Hillsboro, OR
Default

No car on the top ten list is American.

Every car on the bottom ten list is American. (Counting Chrysler, here.)

Detroit has a LONG way to go...
Old Nov 28, 2006 | 05:47 PM
  #7  
CHPRBOX8's Avatar
Senior Member
10 Year Member
5 Year Member
Scikotics
SL Member
 
Joined: Sep 2005
Posts: 1,733
From: Twin Cities
Default

it is giong to be even better for us box owner when they are done with the rs4.0 and they dont make them any more prices will go up
Old Nov 28, 2006 | 06:00 PM
  #8  
hotweelz4me's Avatar
Thread Starter
Senior Member
10 Year Member
5 Year Member

SL Member
Scinergy
 
Joined: May 2006
Posts: 1,121
From: Jacksonville, FL
Default

Barrett-Jackson here we come in 20 years!
Old Nov 29, 2006 | 12:58 AM
  #9  
Guamsilverbox671's Avatar
Senior Member
10 Year Member
5 Year Member
SL Member
 
Joined: Oct 2005
Posts: 960
From: Guam, 14.8N, 145.6E
Default

In the top 10 list, 5 cars are built by Toyota. Thats half the list :D
Old Nov 29, 2006 | 12:11 PM
  #10  
gizmoviki73's Avatar
Senior Member
10 Year Member
5 Year Member
SL Member
 
Joined: Jun 2005
Posts: 120
Default

I'm not at all impressed w/ the "value" of my box!!! I was going to trade my 06' BSP in on the RS4, but they would only give me $12,000 and I owe $20,000. They said the value has gone down alot, because there are so many now and alot on the Scion lots, not like over a year ago.
Old Nov 29, 2006 | 12:43 PM
  #11  
sandwich's Avatar
Senior Member
5 Year Member

SL Member
 
Joined: Mar 2006
Posts: 174
From: Kearny, NJ
Default

Originally Posted by gizmoviki73
I'm not at all impressed w/ the "value" of my box!!! I was going to trade my 06' BSP in on the RS4, but they would only give me $12,000 and I owe $20,000. They said the value has gone down alot, because there are so many now and alot on the Scion lots, not like over a year ago.
WTF how did you pay over 20k for your xB?? 12000 is what i was quoted for trading in my xB (i was only curious not serious)...so it's about average i guess. you must have loaded it to the max and some more to pay 20k+
Old Nov 29, 2006 | 12:44 PM
  #12  
javastan's Avatar
Senior Member
10 Year Member
5 Year Member
Scikotics
SL Member
MN Scions
 
Joined: Aug 2004
Posts: 498
From: Hastings, MN
Default

I checked KBB.com and did a check on the value of my wifes 05' just for fun. They said that I could expect around 12k if I traded it in and close to 14 if I sold it outright. I only owe 9k on it. I thought about trying to trade it for an RS4 but she hated the color and didn't want a higher car payment.
Old Nov 29, 2006 | 02:16 PM
  #13  
scionofPCFL's Avatar
Senior Member
10 Year Member
5 Year Member
SL Member
 
Joined: Mar 2006
Posts: 2,409
From: Redneck Riveria
Default

Originally Posted by gizmoviki73
I'm not at all impressed w/ the "value" of my box!!! I was going to trade my 06' BSP in on the RS4, but they would only give me $12,000 and I owe $20,000. They said the value has gone down alot, because there are so many now and alot on the Scion lots, not like over a year ago.
A) What you owe, and what the vehicle are worth are not related. Example, if you owed nothing, you'd want far more than nothing for the car, no?

B) Accessories don't really add jack to the resale value on a dealer's lot. Sorry, it's true. In fact, if you had gotten a bone stock box, the trade in would have been identical!

C) It's an 06. You just bought it. The first 12 months are the biggest drop in value is the first year. However, if you bought your 06 box in Jan, or July, or Sept, the trade in value would have been the same, give or take a few hundred for miles. The good news is, at around this time next year, that 12k will still be good, and the year after that it'd still be close.

D) Fact: Dealers want to make money. Fact: Dealers make most of their cash on used cars. Fact: Used cars compete against new cars for sales. So, in order for the delaer to realistically market the box they were trying to buy from you, they'd have to sell and advertise it for less than a new one, right? How much less than a new one would it be worth to save in order to be worth it to buy used? The dealer wanted to pay you 12k, they'll spened $500 on recon and safety checks and all that jazz, and then, they'll put it on the lot for 16k. In order to sell the car, they'll end up discounting to 14, leaving them with a $1500 profit before paying commissions. But, they want to make a minimum of 2k on used cars, and most dealers average $3k on their used cars.

The major difference between the Box and other cars near that price range is in the second and third years of ownership when they don't drop in value by another 1/2. For example, take a Ford Focus at 16k. try to trade it in at the 12 mos mark, and you'll get 9k. in 24 mos, 6k. in 36 mos, 4k. A loss of 12k in 3 years (and most folks will still owe for another 4 years at this point!!!!). contrast that with the box, and 36 mos of ownership will bring you 9k, a loss of only 6k.
Old Nov 29, 2006 | 02:35 PM
  #14  
THE_DON's Avatar
Senior Member
10 Year Member
5 Year Member
SL Member
 
Joined: Sep 2004
Posts: 2,170
From: Los Angeles
Default

Originally Posted by Basilius
No car on the top ten list is American.

Every car on the bottom ten list is American. (Counting Chrysler, here.)

Detroit has a LONG way to go...
My thoughts exactly!

-THE DON
Old Nov 29, 2006 | 04:02 PM
  #15  
dskinner's Avatar
Senior Member
10 Year Member
5 Year Member
ScionERA
SL Member
 
Joined: Mar 2006
Posts: 705
From: Red Rock, AZ
Default

I don't understand how the tC isn't on the list of ten. Though the xA/B do hold their value very well (and sell for about the same if not more than a new one) the tC trumps what the smaller siblings do. Several tCs that have been sold here at Tucson dealers over the past year that I have been working in Scion have sold 4k+ over a new one... Some on our own lot! Amazing what it does to the value when the "Model Year End Clearence Sale" doesn't exist. Way to go Toyota yet again.
Old Nov 29, 2006 | 06:05 PM
  #16  
YourNameHere's Avatar
Senior Member
10 Year Member
5 Year Member
Exclusive
SL Member
 
Joined: Jan 2006
Posts: 6,531
Default

that 10 wrost list is crap. the crown vic/town car/grand mar. are the same car as is the caravan/town&country, and the buick rainer/gmc envoy. they owe me 4 more cars.
Old Nov 29, 2006 | 08:14 PM
  #17  
javastan's Avatar
Senior Member
10 Year Member
5 Year Member
Scikotics
SL Member
MN Scions
 
Joined: Aug 2004
Posts: 498
From: Hastings, MN
Default

Originally Posted by dskinner
I don't understand how the tC isn't on the list of ten. Though the xA/B do hold their value very well (and sell for about the same if not more than a new one) the tC trumps what the smaller siblings do. Several tCs that have been sold here at Tucson dealers over the past year that I have been working in Scion have sold 4k+ over a new one... Some on our own lot! Amazing what it does to the value when the "Model Year End Clearence Sale" doesn't exist. Way to go Toyota yet again.
The tC is a nice car, but it does not have the practicality of an xB, nor does it get the milage that an xB gets. I looked at a tC and I am glad I didn't get one. I have a one year old and the space of the xB is much easier to work with.
Old Nov 29, 2006 | 08:23 PM
  #18  
YourNameHere's Avatar
Senior Member
10 Year Member
5 Year Member
Exclusive
SL Member
 
Joined: Jan 2006
Posts: 6,531
Default

plus the tc to xB ratio is over 2:1. its about as exciting as a trip to pittsburgh

in my area, for every 20 tCs i see, i see 6 xBs and 3 xAs.
Old Nov 29, 2006 | 11:07 PM
  #19  
Guamsilverbox671's Avatar
Senior Member
10 Year Member
5 Year Member
SL Member
 
Joined: Oct 2005
Posts: 960
From: Guam, 14.8N, 145.6E
Default

Originally Posted by javastan
Originally Posted by dskinner
I don't understand how the tC isn't on the list of ten. Though the xA/B do hold their value very well (and sell for about the same if not more than a new one) the tC trumps what the smaller siblings do. Several tCs that have been sold here at Tucson dealers over the past year that I have been working in Scion have sold 4k+ over a new one... Some on our own lot! Amazing what it does to the value when the "Model Year End Clearence Sale" doesn't exist. Way to go Toyota yet again.
The tC is a nice car, but it does not have the practicality of an xB, nor does it get the milage that an xB gets. I looked at a tC and I am glad I didn't get one. I have a one year old and the space of the xB is much easier to work with.
The tC wasn't available until mid 2004 as an 05 model if i'm mistaking. Keep in mind that these cars are 2004 models which were available in mid or near the ending of 2003. I Bought two 05 model xB's in July and November of 2004. I guess will have to wait for next year to see how the 05 models held up including the tC.
Old Nov 29, 2006 | 11:10 PM
  #20  
cherryBox's Avatar
Senior Member
10 Year Member
5 Year Member
SL Member
Scinergy
 
Joined: Oct 2005
Posts: 6,157
From: ScinergyCO
Default

Originally Posted by Basilius
No car on the top ten list is American.

Every car on the bottom ten list is American. (Counting Chrysler, here.)

Detroit has a LONG way to go...
qft



All times are GMT. The time now is 03:15 PM.