Massive depreciation! - Toyota Yaris Forums

Jeff E. · 02-27-2009, 11:02 PM

Ok, Ok.... I get it. I was a bit upside down when I traded the ol jeep in for it and am using the fuel savings to pay off faster. Unfortunately, the gap is widening with depreciation. I was hoping to keep ahead of it and close the upside down gap. Thanks for the replies.

Bob_VT · 02-28-2009, 07:57 AM

Quote:

Originally Posted by Jeff E.

Ok, Ok.... I get it. I was a bit upside down when I traded the ol jeep in for it and am using the fuel savings to pay off faster. Unfortunately, the gap is widening with depreciation. I was hoping to keep ahead of it and close the upside down gap. Thanks for the replies.

How much of being "a bit upside down" ??? How long have you had the car and how much of the "yaris" is actually paid off? I imagine that you have not scratched the surface in the terms of payments.

If you would have purchased your car with 10-15% cash down and financed the rest on a 36- 48 month loan..... you would not be so flipped over.

roxy1 · 02-28-2009, 08:12 AM

my yaris trade in value was very good on in october, though gas prices were higher at that time. here are the numbers:

bought in september 2007. paid $12700 (it was a base manual hatch w/ convenience package.
traded in october 1, 2008. it had 19,870 miles on it. i got $11,000 even on the trade toward an '09 corolla (which i got $300 over invoice)

$11000 was more than kbb trade value, but at the time they were selling yarii very quickly.

bnther36 · 02-28-2009, 09:41 AM

Don't feel bad. I had a brand new Camry and the trade in on that dropped $6500 in less than 3 months. Between trade-in and taxes, I took a horrible beating on it. It was a nice riding car, but I don't recommend it for winter time driving; at least not where you can accumulate several inches of snow between plowing.

Incidentally, I feel your pain being a previous Jeep owner. I LOVED my Jeeps, and if given half the chance I'd drive one again but Jeep is going to have to do something about the MPG and reliability of their vehicles. Oh, and Chrysler should stop slapping the Jeep logo on every dodge that they think they can sell! If I wanted a friggen dodge, then I would have bought one!!

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02-27-2009, 11:02 PM	#1
Jeff E. Drives: 2008 White LB Join Date: Oct 2008 Location: Nebraska Posts: 10	Ok, Ok.... I get it. I was a bit upside down when I traded the ol jeep in for it and am using the fuel savings to pay off faster. Unfortunately, the gap is widening with depreciation. I was hoping to keep ahead of it and close the upside down gap. Thanks for the replies.

02-28-2009, 08:12 AM	#3
roxy1 Drives: 2014 yaris 5 speed Join Date: Aug 2006 Location: michigan Posts: 642	my yaris trade in value was very good on in october, though gas prices were higher at that time. here are the numbers: bought in september 2007. paid $12700 (it was a base manual hatch w/ convenience package. traded in october 1, 2008. it had 19,870 miles on it. i got $11,000 even on the trade toward an '09 corolla (which i got $300 over invoice) $11000 was more than kbb trade value, but at the time they were selling yarii very quickly.

02-28-2009, 09:41 AM	#4
bnther36 Drives: 07 Yaris Sedan Join Date: Apr 2007 Location: Mich Posts: 84	Don't feel bad. I had a brand new Camry and the trade in on that dropped $6500 in less than 3 months. Between trade-in and taxes, I took a horrible beating on it. It was a nice riding car, but I don't recommend it for winter time driving; at least not where you can accumulate several inches of snow between plowing. Incidentally, I feel your pain being a previous Jeep owner. I LOVED my Jeeps, and if given half the chance I'd drive one again but Jeep is going to have to do something about the MPG and reliability of their vehicles. Oh, and Chrysler should stop slapping the Jeep logo on every dodge that they think they can sell! If I wanted a friggen dodge, then I would have bought one!!