I usually change vehicles every 5 years since I don't like keeping them for too long. I know its still pretty early to tell but how well do you think the Regal will hold its value and what might be its resale value in probably 5 years.
They usually lose a big amount already as soon as they leave the lot. Plus its really hard to tell how the market will be. Theres a lot of variable factors but seeing as its a pretty good vehicle it should be able to hold its value pretty well.
never buy a vehicle just for the sole purpose of selling it later on as you will always lose money no matter what. i tend to get rid of them after the warranty period is over for whatever the blue book value is. then i just use that money towards a new one.
I know what you guys mean. I didn't mean I was going to buy one just to resell it. Its just that I tend to get bored of whatever I have. So most of the time I don't have it for too long. I was just hoping it would hold its value pretty well. I know some of them hold their value better than others and I was hoping this would be one of them.
Here's my $.02.
After reading many posts on this forum and other Regal forums, either you like this car or you have issues with it. Personally, I like it alot. The "expert" consensus is this is a car misses the mark. Not really a sport sedan, not really near luxury, whatever that is. My guess would be to expect a typical Buick trade in value, no more , no less.
The only "journalists" who ever appreciate fwd cars is motorweek as they understand and appreciate what the new regal is: a wonderful compromise of power, fuel economy, reliability, practicality, comfort, luxury, style and all weather capability. Yes its not the leader in any of those categories (exception might be a GS for style) but for a fwd sedan to live with on a daily basis the regal is top notch and motorweek agrees.
All other journalists believe sending the power to anything other than the rear wheels is sacrilegious and are prejudice against all fwd cars. Those journalists don't own any cars cause they take a new loaner car home every week.
So if someone else was picking up the tabs for gas, repairs, insurance than sure I'd take a bmw M3 when its nice out, an audi a4 when its not, and a suv when I need to take a family vacation. Since 99.99% of people don't have a motor pool of vehicles to choose from on a daily basis I don't give auto journalists opinions about cars any weight at all.
I'm happy with my regal gs red stick shift and any journalist who doesn't like the car just doesn't get it. If bad car reviews means that there are fewer on the road and I don't see myself coming the other way that's just gravy. Usually the killer of resale values is poor reliability (such as chryslers, german, & British cars) or a vehicle being sold in large numbers to rental agencies. My $.02