Mark's not the only Linc to Depreciate
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RE: Mark's not the only Linc to Depreciate
Yep, all Lincoln cars seem to depreciate really fast. I remember about a year ago I went and looked at used Town Cars. I saw a bunch of 1-2 year old TCs with average miles stickering for $20-$25k. Quite a drop from the $40+k new sticker.
Of course with the '03 TCs and LSs having so many improvements I don't know if I'd want to buy an older model
[font color = blue]Tony - St. Louis, MO[/font]
1998 LSC - Toreador Red/Light Graphite
1987 Mustang GT - Oxford White hatchback
Yep, all Lincoln cars seem to depreciate really fast. I remember about a year ago I went and looked at used Town Cars. I saw a bunch of 1-2 year old TCs with average miles stickering for $20-$25k. Quite a drop from the $40+k new sticker.
Of course with the '03 TCs and LSs having so many improvements I don't know if I'd want to buy an older model
[font color = blue]Tony - St. Louis, MO[/font]
1998 LSC - Toreador Red/Light Graphite
1987 Mustang GT - Oxford White hatchback
RE: Mark's not the only Linc to Depreciate
I am not trying to sound like a smart ____ Donkey, here....But....
All things depreciate. What do you think you could get for your furnishings where you live, compared to what it would cost to REPLACE them? How much could you get for your clothing in your closet? What did it cost you? That nice lamp you have, what did it cost? What could you get for it? Your Microwave? Hey, how about STOCK? My accountant was heavily in the market. He lost $700,000 in 2000. So, cars depreciate too.
If you want to invest in something that goes UP in value, buy LAND. Land almost always appreciates. They ain't makin' any more of it, 'ya know! There was an empty lot near my house, like 12 years ago. Me & another neighbor bought it for $17,800 plus closing costs. We hired a company to hack down the weeds and clean the property for us, for $1,100.00. We paid taxes on it one time, to the tune of $1,000 so we were in it for say $20g ~ 5 months later we sold it to a bulder who put a house on it. We sold it for $35,000 minus closing costs, and split the $17,000 profit. LAND goes UP, everything else goes down to nothing. With the house on it, the builder got $229,000 and I heard (?) the house cost him $147,000 so HE made $47,000.
I am not trying to sound like a smart ____ Donkey, here....But....
All things depreciate. What do you think you could get for your furnishings where you live, compared to what it would cost to REPLACE them? How much could you get for your clothing in your closet? What did it cost you? That nice lamp you have, what did it cost? What could you get for it? Your Microwave? Hey, how about STOCK? My accountant was heavily in the market. He lost $700,000 in 2000. So, cars depreciate too.
If you want to invest in something that goes UP in value, buy LAND. Land almost always appreciates. They ain't makin' any more of it, 'ya know! There was an empty lot near my house, like 12 years ago. Me & another neighbor bought it for $17,800 plus closing costs. We hired a company to hack down the weeds and clean the property for us, for $1,100.00. We paid taxes on it one time, to the tune of $1,000 so we were in it for say $20g ~ 5 months later we sold it to a bulder who put a house on it. We sold it for $35,000 minus closing costs, and split the $17,000 profit. LAND goes UP, everything else goes down to nothing. With the house on it, the builder got $229,000 and I heard (?) the house cost him $147,000 so HE made $47,000.
J
joeychgo
Guest
RE: Mark's not the only Linc to Depreciate
eh, I never liked the LS anyway. In fact, if I was gonna buy a new car, I dont see me buying a lincoln. Im too young for a town car, dont like suvs........ between that and how much I loathe what Lincoln is doing to the interiors, id probably end up with a seville sts.
talk about going over to the dark side..........
eh, I never liked the LS anyway. In fact, if I was gonna buy a new car, I dont see me buying a lincoln. Im too young for a town car, dont like suvs........ between that and how much I loathe what Lincoln is doing to the interiors, id probably end up with a seville sts.
talk about going over to the dark side..........
J
joeychgo
Guest
RE: Mark's not the only Linc to Depreciate
Dont get me wrong, I like the ride of a town car, my father has had town cars for years --- but im 35 and not ready to settle into my "Dad's Car", if ya know what I mean. Fact is, lincoln screwed up by not having a sport lincoln. Just the taurus with wood trim
Dont get me wrong, I like the ride of a town car, my father has had town cars for years --- but im 35 and not ready to settle into my "Dad's Car", if ya know what I mean. Fact is, lincoln screwed up by not having a sport lincoln. Just the taurus with wood trim
NickDeSpirito
Registered
RE: Mark's not the only Linc to Depreciate
That's why I think It's better to lease them. It works out the same In the end anyway.
That's why I think It's better to lease them. It works out the same In the end anyway.
RE: Mark's not the only Linc to Depreciate
Sandy, I'm not expecting zero depreciation or anything, I just think a 50% drop in such a short time is great than the "competition" of a 5 series BMW or E class (not really competition, but where Linc wants them)
Oh, and the LS is not a taurus... it's built on a variant of the S type jag platform, also used on the new tbird.
I don't really like em, either, just thought to take a look while browsing.
Scott
Sandy, I'm not expecting zero depreciation or anything, I just think a 50% drop in such a short time is great than the "competition" of a 5 series BMW or E class (not really competition, but where Linc wants them)
Oh, and the LS is not a taurus... it's built on a variant of the S type jag platform, also used on the new tbird.
I don't really like em, either, just thought to take a look while browsing.
Scott
RE: Mark's not the only Linc to Depreciate
Sandy, similar story here.
My dads company is currently doing a spec house. He didn't own the lot before hand and paid a fairly good sum for it (its a small lot). Now the house is basiclly done. He has at least a dozen buyers that are really serious about it. He's put $75,000 worth of material and labor into it (including the cost of the lot). Because of its location he's going to be able to sell it for around $250,000. Thats a very nice profit for only working 3 - 4 months on it.
Cars go up in value too. Not all but alot do. Alot depreciate as well. Take these for example. (figures are approximate)
1967 Corvette Stingray (427 tripower, factory air, 30,XXX miles, and much much more)
Bought new: $15,000 Current Value: $250,000 +
1977 Pontiac TransAM (Pontiac 403, rear counsle)
Bought new: $7,800 Current Value: $15,000
2000 Lincoln Navigator (all options but moonroof, climate controlled seats, and power folding mirrors)
Bought new: $50,000 Current Value: $25,000
Sandy, similar story here.
My dads company is currently doing a spec house. He didn't own the lot before hand and paid a fairly good sum for it (its a small lot). Now the house is basiclly done. He has at least a dozen buyers that are really serious about it. He's put $75,000 worth of material and labor into it (including the cost of the lot). Because of its location he's going to be able to sell it for around $250,000. Thats a very nice profit for only working 3 - 4 months on it.
Cars go up in value too. Not all but alot do. Alot depreciate as well. Take these for example. (figures are approximate)
1967 Corvette Stingray (427 tripower, factory air, 30,XXX miles, and much much more)
Bought new: $15,000 Current Value: $250,000 +
1977 Pontiac TransAM (Pontiac 403, rear counsle)
Bought new: $7,800 Current Value: $15,000
2000 Lincoln Navigator (all options but moonroof, climate controlled seats, and power folding mirrors)
Bought new: $50,000 Current Value: $25,000
GRAND_LS 400
Registered
RE: Mark's not the only Linc to Depreciate
Who said it was a gussied up Taurus? In fact the New LS does 0-60MPH in 6.4Secs, A little faster then the Mark *DUCKS*
Drive one for yourself next time your at the dealership for parts or service (May God forbid).
The suspension by far is FAR more superior to the mark, I will tell you that one for sure. You compare the LS to Jags, not Taurus. The new Ls fully equipped are around $47K, almost $7K more then a 98LSC.
They are not as bad as you think; the ’03 really changed the Lincoln Reputation against Infinity and BMW’s. (Although I would never believe when Lincoln claimed it outperformed a 540i)
On the other hand, I would prefer an STS too if it was RWD
Who said it was a gussied up Taurus? In fact the New LS does 0-60MPH in 6.4Secs, A little faster then the Mark *DUCKS*
Drive one for yourself next time your at the dealership for parts or service (May God forbid).
The suspension by far is FAR more superior to the mark, I will tell you that one for sure. You compare the LS to Jags, not Taurus. The new Ls fully equipped are around $47K, almost $7K more then a 98LSC.
They are not as bad as you think; the ’03 really changed the Lincoln Reputation against Infinity and BMW’s. (Although I would never believe when Lincoln claimed it outperformed a 540i)
On the other hand, I would prefer an STS too if it was RWD
RE: Mark's not the only Linc to Depreciate
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I'm not comparing the frame autually. My comparison is in relation to interior room, and to a lesser extent, the general size of the car. I wouldn't want to spend any time in a S-Type Jag either.
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I don't really like em, either, just thought to take a look while browsing.
Scott
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Oh, and the LS is not a taurus... it's built on a variant of the S type jag platform, also used on the new tbird.
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I'm not comparing the frame autually. My comparison is in relation to interior room, and to a lesser extent, the general size of the car. I wouldn't want to spend any time in a S-Type Jag either.
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I don't really like em, either, just thought to take a look while browsing.
Scott
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RE: Mark's not the only Linc to Depreciate
My only gripe with the LS and only comparison to a Taurus is the room and size vehicle. I agree the V8 version LS will scoot, but the last one I rode in, which was about two weeks ago with a friend on a trip from San Antonio to the DFW area to Texas Motor Speedway for the race, was pure agony. With the passenger seat all the way back my knees were against the dash. I could not sit completely upright without my head rubbing against the roof.
I wish Cadillac's were rear wheel drive too. I would be trading my wife's FWD Deville tomorrow.
Peace
My only gripe with the LS and only comparison to a Taurus is the room and size vehicle. I agree the V8 version LS will scoot, but the last one I rode in, which was about two weeks ago with a friend on a trip from San Antonio to the DFW area to Texas Motor Speedway for the race, was pure agony. With the passenger seat all the way back my knees were against the dash. I could not sit completely upright without my head rubbing against the roof.
I wish Cadillac's were rear wheel drive too. I would be trading my wife's FWD Deville tomorrow.
Peace
sotexlincoln
Registered
RE: Mark's not the only Linc to Depreciate
Lee, you went to the race? Who's your driver? Neither of my favorites won, but my buddy up there in S.A. got me a real cool Viagra jacket.
Lee, you went to the race? Who's your driver? Neither of my favorites won, but my buddy up there in S.A. got me a real cool Viagra jacket.
RE: Mark's not the only Linc to Depreciate
Of course all cars depreciate, that's not the issue. It's the rate of depreciation.
If you're mathematically inclined, I'd say d(Mark VIII value)/dt is an exponential decay.
As opposed to, say, a Lexus SC400, the car I consider the "Japanese Mark VIII." Look at what they sold for new, and look at what they sell for now.
d(SC400 value)/dt is much more linear.
[font color = blue]Tony - St. Louis, MO[/font]
1998 LSC - Toreador Red/Light Graphite
1987 Mustang GT - Oxford White hatchback
Of course all cars depreciate, that's not the issue. It's the rate of depreciation.
If you're mathematically inclined, I'd say d(Mark VIII value)/dt is an exponential decay.
As opposed to, say, a Lexus SC400, the car I consider the "Japanese Mark VIII." Look at what they sold for new, and look at what they sell for now.
d(SC400 value)/dt is much more linear.
[font color = blue]Tony - St. Louis, MO[/font]
1998 LSC - Toreador Red/Light Graphite
1987 Mustang GT - Oxford White hatchback