Total Cost of Ownership..

CrashTeam · Post by **CrashTeam** » Wed Apr 12, 2006 10:26 am

I was reading some flyers today and noticed a comparison for the Neon sxt to all of its major competitors.

A $15,000 New Neon after 5 years of ownership (Excluding intrest) would end up costing you $30,300... That counts for repairs maintance, gas, insurance and such. And after only 1 year it only retains 28% of its value...

Talk about depressing...

refect · Post by **refect** » Wed Apr 12, 2006 10:39 am

yeh our neons are crap. and they have a really bad crash rating. oh well i still like mine and probably drive it till the wheels fall off or till it pisses me off to the point where i blow it up or sell it hahaha

lilolneon · Post by **lilolneon** » Wed Apr 12, 2006 12:03 pm

ill drive mine till the end! Viva la 2gn!!!

moparknighthawk · Post by **moparknighthawk** » Wed Apr 12, 2006 1:20 pm

You cannot buy a Neon if you expect to sell/trade it in the future and make any money. (not even a dollar) I'll keep mine til its dead or totalled. It isn't worth much, but its worth a lot to me.

Post by **racer12306** » Wed Apr 12, 2006 1:31 pm

^^^ exactly. its like that with most cars, but neons seem to be really bad.

my car was bought new in feb 2004 for ~$13000 with 6 miles on it. it presently has almost 48000 miles on it. kbb.com says private party is $7700 and trade in value is $6000. so in 2 years it lost almost half its value. good thing im planning to drive it til it dies or else i wouldnt get anything out of it

Post by **Diablo0** » Wed Apr 12, 2006 1:34 pm

We're all going to be driving our POS neons until we die. I probably will or alteast have them in storage with the thought that in 40 years they just might be classics

hahaha... doubtfull hahahaha

Post by **racer12306** » Wed Apr 12, 2006 1:38 pm

nothing againts neons, they are decent cars, but i wont. as soon as i can afford it ill be getting a diesel truck. and the monte will come back from vacation.

MoxHair · Post by **MoxHair** » Wed Apr 12, 2006 3:03 pm

Bought my 03 in 2004 with only 4063 miles on it for 11,500$. Currently the KBB.com Retail value is 10,990. And I only have 25014 miles on it.

Its kinda funny the Retail value when I bought it was around 16-17 thousand. Good thing I know how to talk to a dealor or I would of lost at least 6 grand so far. The Private Party is around 9000$ but Last October I had a dealor offer me 10000$ for trade in value..

Shoulda done it.. but I wasnt ready for an SRT sized payment.

kc2005ptgt · Post by **kc2005ptgt** » Wed Apr 12, 2006 4:20 pm

Sorry to burst anyones bubble - but a car is NOT an investment - you loose value on a car the second it drives off the lot. A house is an investment, not a car.

bige1030 · Post by **bige1030** » Wed Apr 12, 2006 4:25 pm

Meh, economics is just a bunch of bullshit anyway. I love my Neon like it's my child. I don't envision myself having children (or really even want them anyway), so it's the closest I've got to a firstborn son.

Post by **Diablo0** » Wed Apr 12, 2006 4:25 pm

kc2002acr wrote:Sorry to burst anyones bubble - but a car is NOT an investment - you loose value on a car the second it drives off the lot. A house is an investment, not a car.

You got it... well.. MOST cars aren't investments. Some cars can be but then you get up into the big money then.

OB · Post by OB » Wed Apr 12, 2006 5:21 pm

anything that you pay for is an investment by definition, and as long as it has value to the owner (which in most of our cases it does), then id say its a worthy one. Not sayin i wouldnt get a much better car if i had the money, but I think i did good for my first new car in my price range. anyone who buys a car just cuz its worth money/has good resale value is a douch bag IMO, thats not a cars purpose. I also plan on driving this car to the ground, and id feel like i fully got my moneys worth if it outlasts its loan without any major problems (unless theyre MY fault of course haha). These are very dependable cars, and I read that theyre very safe compared to the 1st gens.

Post by **Diablo0** » Wed Apr 12, 2006 5:51 pm

AAACTUALLY.... the definition is...

in·vest·ment

1. The act of investing.
2. An amount invested.
3. Property or another possession acquired for future financial return or benefit.
4. A commitment, as of time or support.
5. A military siege.
6. Archaic.
1. A garment; a vestment.
2. An outer covering or layer.

Investment

An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price.

Used in context... Appreciate means...

ap·pre·ci·ate

1. To recognize the quality, significance, or magnitude of: appreciated their freedom.
2. To be fully aware of or sensitive to; realize: I appreciate your problems.
3. To be thankful or show gratitude for: I really appreciate your help.
4. To admire greatly; value.
5. To raise in value or price, especially over time.

All info take strait from Dictionary.com

No matter how much you love your car and think you can put a price on it, it's only worth as much as others would pay for it. I can say my car is worth $1,000,000 to me b/c of all the time I've spent with it, the meaning it has to me, how much I love it... ect... but thats not going to fly if I try to sell it. An investment is only something you will gain a profit on and a Neon isn't going to gain you a profit UNLESS... you bought it for $100, gave it a $15 car wash and turned around and sold it for $1000... THEN... it'd be an investment since I made money on the car.

All you did was make a purchase and if you drive it forever you got your moneys worth, it didn't appreciate... you appreciate having the car in the sense that you " recognize the quality, significance, or magnitude of" the car.

BTW... a lot of people on this planet don't look at a car as something that dont' really care how it looks as long as it gets them from point A to point B safely. Many don't give their car much sentimental value to keep their car as long as we probably will so when it comes time to want to sell it in 10 years or whatever they'll want to get as much back as they can to get a newer car without having to pay as much seeing that they were able to get more for their used car.

scneonchic · Post by **scneonchic** » Wed Apr 12, 2006 6:06 pm

I love my neon(s) but I have to agree...they have crappy resale values. Im scared to see just how much I get back if they total the car. probably just enough to finish paying it off.

My blue one has so much sentimental value, I never want to sell it. Ive put 2x the money I paid on it into the car, and I know Ill never get it back. I dont care either. Its my pride and joy and I plan to kepe it that way. I dont want kids, and I can barely afford myself, much less kids, so this is what Im happy with. Might sound stupid, but oh well....But in the end, cars can be replaced, people cant. Even if the cars do have crappy resale value....

quicksilvr · Post by **quicksilvr** » Wed Apr 12, 2006 6:07 pm

I'm driving/keeping my current Neon forever, come hell or high water.

And I'm 100% serious....I already squared it away with the fiance, so she knows not to argue about it.

Post by **Diablo0** » Wed Apr 12, 2006 6:10 pm

quicksilvr wrote:I'm driving/keeping my current Neon forever, come hell or high water. And I'm 100% serious....I already squared it away with the fiance, so she knows not to argue about it.

... Good deal my friend... put it in writing though hahaha

lilolneon · Post by **lilolneon** » Wed Apr 12, 2006 6:26 pm

i bought mine used w/ 14k miles on it for $9000 tt&l, now it has 53k miles on it, kbb says i have a trade-in value of $6500 so not too bad

03sxt · Post by **03sxt** » Wed Apr 12, 2006 6:54 pm

Here we go about the investment thing... Didn't we go over this before?

And yeah, Neons tend to suck in different departments.. Like value. But I love mine!

dinetuner · Post by **dinetuner** » Wed Apr 12, 2006 8:06 pm

diablo i investment you with my paintball gun..lol

TeckNeon · Post by **TeckNeon** » Wed Apr 12, 2006 9:19 pm

I have owned my Neon for less than 2 years. I have put 2 sets of tires on it, one set of brakes, one set of rotors, had the rotors cut once before that, new plugs, new wires, one good set of wipers that I am soon going to replace, new sunroof installed under warranty.

That does not count mods put on/taken off, the set of wheels/tires I ran on it for about 10K or any of the many, MANY tanks of gas or oil changes.

It sucks to have a car that owns you right back, but what else are you going to get in the 15K nicely loaded price range? A Corolla? A Civic? xA? xB? Sentra 1.8S? Cavalier? Cobalt? Focus? This list is getting pretty depressing seeing as how the domestic cars will do the same nickel and diming you to death over the years/miles vs the imports ar similar but their standard parts seem to last alot longer and take more abuse. Plus, nearly all of those listed get as good if not better gas mileage than the Neon. Some have slightly less power but better weight distribution. Meh...I stood by Mopar and they pretty much fucked me. My side impact accident that I took at 5,000 miles about 2 months after ownership knocked a $11,000 dent in the side of my car. How much do you think my wrecked and repaired high mileage Neon is going to fetch come trade in time in 2 - 3 years? Exactly. I keep hoping someone hits me again as hard as they did before if not slightly harder (this time without my kiddo inside) so I can use my damn gap insurance! Never again, that is for sure. Not even an SRT-4 unless it is a SMOKIN' DEAL!

Nick Drake · Post by **Nick Drake** » Wed Apr 12, 2006 10:55 pm

Diablo0 wrote:AAACTUALLY.... the definition is...

in·vest·ment

1. The act of investing.
2. An amount invested.
3. Property or another possession acquired for future financial return or benefit.
4. A commitment, as of time or support.
5. A military siege.
6. Archaic.
1. A garment; a vestment.
2. An outer covering or layer.

Investment

An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price.
Used in context... Appreciate means...

ap·pre·ci·ate

1. To recognize the quality, significance, or magnitude of: appreciated their freedom.
2. To be fully aware of or sensitive to; realize: I appreciate your problems.
3. To be thankful or show gratitude for: I really appreciate your help.
4. To admire greatly; value.
5. To raise in value or price, especially over time.
All info take strait from Dictionary.com

No matter how much you love your car and think you can put a price on it, it's only worth as much as others would pay for it. I can say my car is worth $1,000,000 to me b/c of all the time I've spent with it, the meaning it has to me, how much I love it... ect... but thats not going to fly if I try to sell it. An investment is only something you will gain a profit on and a Neon isn't going to gain you a profit UNLESS... you bought it for $100, gave it a $15 car wash and turned around and sold it for $1000... THEN... it'd be an investment since I made money on the car.

All you did was make a purchase and if you drive it forever you got your moneys worth, it didn't appreciate... you appreciate having the car in the sense that you " recognize the quality, significance, or magnitude of" the car.

BTW... a lot of people on this planet don't look at a car as something that dont' really care how it looks as long as it gets them from point A to point B safely. Many don't give their car much sentimental value to keep their car as long as we probably will so when it comes time to want to sell it in 10 years or whatever they'll want to get as much back as they can to get a newer car without having to pay as much seeing that they were able to get more for their used car.

Thanks Professor!

CrashTeam · Post by **CrashTeam** » Thu Apr 13, 2006 10:04 am

TeckNeon wrote:I have owned my Neon for less than 2 years. I have put 2 sets of tires on it, one set of brakes, one set of rotors, had the rotors cut once before that, new plugs, new wires, one good set of wipers that I am soon going to replace, new sunroof installed under warranty.

That does not count mods put on/taken off, the set of wheels/tires I ran on it for about 10K or any of the many, MANY tanks of gas or oil changes.

It sucks to have a car that owns you right back, but what else are you going to get in the 15K nicely loaded price range? A Corolla? A Civic? xA? xB? Sentra 1.8S? Cavalier? Cobalt? Focus? This list is getting pretty depressing seeing as how the domestic cars will do the same nickel and diming you to death over the years/miles vs the imports ar similar but their standard parts seem to last alot longer and take more abuse. Plus, nearly all of those listed get as good if not better gas mileage than the Neon. Some have slightly less power but better weight distribution. Meh...I stood by Mopar and they pretty much fucked me. My side impact accident that I took at 5,000 miles about 2 months after ownership knocked a $11,000 dent in the side of my car. How much do you think my wrecked and repaired high mileage Neon is going to fetch come trade in time in 2 - 3 years? Exactly. I keep hoping someone hits me again as hard as they did before if not slightly harder (this time without my kiddo inside) so I can use my damn gap insurance! Never again, that is for sure. Not even an SRT-4 unless it is a SMOKIN' DEAL!

I paid 15K for my Rex...

TNK · Post by **TNK** » Fri Apr 14, 2006 8:46 pm

lilolneon wrote:ill drive mine till the end! Viva la 2gn!!!

dblsg · Post by **dblsg** » Sat Apr 15, 2006 1:07 am

CrashTeam wrote:A $15,000 New Neon after 5 years of ownership would end up costing you $30,300...

and its worth every single little penny to me... i've only had my car for a year, but i absolutely love it.

MyNeonSaysHi · Post by **MyNeonSaysHi** » Sat Apr 15, 2006 1:34 am

dblsg wrote:
CrashTeam wrote:A $15,000 New Neon after 5 years of ownership would end up costing you $30,300...
and its worth every single little penny to me... i've only had my car for a year, but i absolutely love it.

"Til' the wheels fall off."

kc2005ptgt · Post by **kc2005ptgt** » Sat Apr 15, 2006 12:48 pm

I will drive mine till it is paid off. After that, depending on how I feel, I will park it, and turn it into a project car, or sell it here to a true Neon fanatic. Then take that money and get one of the following:
07 SRT4 Caliber
06 Civic Si
05 Impreza WRX Sti TR
04 Lancer Evo VIII
06 RSX

or, if I feel compelled to have a car that is older:
99 Mitsu Eclipse GSX
00-01 Acura Integra GS-R
92 Mustang LX 5.0
92 Thunderbird SC

As you can see, I have a lot to choose from.

Oh yeah, and I would, probably, also get a Nissan/Mazda/Toyota mini truck of sorts and go back to another low-rider

(own'd 2 already!)

MyNeonSaysHi · Post by **MyNeonSaysHi** » Sat Apr 15, 2006 2:26 pm

kc2002acr wrote:I will drive mine till it is paid off. After that, depending on how I feel, I will park it, and turn it into a project car, or sell it here to a true Neon fanatic. Then take that money and get one of the following:
07 SRT4 Caliber
06 Civic Si
05 Impreza WRX Sti TR
04 Lancer Evo VIII
06 RSX

or, if I feel compelled to have a car that is older:
99 Mitsu Eclipse GSX
00-01 Acura Integra GS-R
92 Mustang LX 5.0
92 Thunderbird SC

As you can see, I have a lot to choose from.

Oh yeah, and I would, probably, also get a Nissan/Mazda/Toyota mini truck of sorts and go back to another low-rider (own'd 2 already!)

I call dibs on your ACR!

TNK · Post by **TNK** » Sat Apr 15, 2006 2:52 pm

kc2002acr wrote:Oh yeah, and I would, probably, also get a Nissan/Mazda/Toyota mini truck of sorts and go back to another low-rider (own'd 2 already!)

i want a mini truck...

CrashTeam · Post by **CrashTeam** » Sat Apr 15, 2006 4:44 pm

There is no 05 Wrx Tr, that started in 06
Why would you want a Tr anyway? It has a lower base price yes but you loose all the cool looking options.

Go with the 06 civic si, already has gobs of after market support and the two tier gauges look freakin sweet

2GN.ORG

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