Tuesday, Jun 11, 2019 at 00:00
Oooh, I didn't realise Jeep lovers were so touchy when it came to pointing out some basic facts.
Such as Fiat-Chrysler selling over 30,000 vehicles in Australia, in 2014 - then their sales figures slumping to just over 8000 vehicles in 2017??
If a sales slump to a figure of around 26-27% of previous sales levels, happened to any Japanese car manufacturer, the entire board of directors would commit hara-kiri on
the spot.
But no-o-o-oo, Fiat-Chrysler still keep plugging away, producing vehicles of dubious build quality and reliability, whilst freely admitting they have a major customer problem.
As far as the "Toyota tax" goes, I love it. There's obviously some faulty logic in the fuzzy thinking of Jeep owners, if they consider that high resale values are a bad thing.
Perhaps we need to go right back to Accounting 101, for you Jeep owners.
When you buy a new vehicle (and hey, I've bought somewhere around 250 of them over nearly 55 years), the resale value and resaleability are a pretty big consideration in the minds of the financiers.
Like, "Jeez, if this thing comes back after 18 mths, will we be be able to quit it? - and how much do we stand to lose on it, if we do have to repo it?"
This resale figure, and vehicle resaleability, affects your financing ability and your vehicle ownership costs, big time. Try getting low-cost finance with a reasonable resale value figure, after 3 years, on a Great Wall.
The financiers will tell you they're dogs, they're worth nothing after 3 years, and they don't want them back! And they will want to add financing costs to cover the risk!
Even Honest Joes Wholesale Used Bombs wouldn't give them a price to take them, if they come back!
The bottom line is, depreciation is the biggest single cost factor in owning a vehicle.
The second biggest factor in vehicle ownership, is whether you can actually sell your used vehicle - or if it lays around for months, with the "For Sale" sign on it, with tyre-kickers offering you a figure of about half what you think it should be worth.
I bought a turbo diesel auto HDJ80 new, it cost me $50,000 - I did 170,000 kliks with it in 3 years - and I sold it within 3 hours of advertising it, for $40,000.
In fact, I was knocking back buyers with a stick - for days afterwards.
You want guess at how much money I pocketed, in the difference in the figures between what I got for it, and what I had to pay out, when I paid the finance out? It was more than what most people earn in 3 mths of hard yakka - and it went straight into my pocket.
I sell all my used Toyotas privately, and I never have a problem selling them within a short time, or getting good money for them.
But I can show you a lot of makes that lie around for months, used, and the sellers have to make some serious price adjustments, to make sure they move them off their hands.
The ultimate Lemon list
And Cruiser 3, I'm sorry you can only rate people on the size and value of the current 4WD and caravan they own.
I guess that means in your opinion, my opinion is worth nothing - even though I was buying and selling and wearing out 4WD's and caravans, from the mid-1960's onwards - and continued to do so, up until just a few short years ago.
In fact, my first caravan was a single-axle 30-foot Modern, purchased in 1967. A monster, in anyone terms, in those days. Then came a wide range of caravans from 18 footers, to several triple-axle 27 foot Viscounts - along with many 4WD's.
But apparently, none of that counts in your opinion, simply because they aren't "currently owned".
Cheers, Ron.
FollowupID:
899818