Why is my car not worth anything?

🚗 交通台 買賣
2009-01-21 5:52 am
I'm sad to say I went to kbb.com and found that my car is only worth about $200 more than I owe! Last year it was worth about $5000 more! It's a PT Cruiser. I know gas is expensive but it has went down so why isn't my car worth anything? It has nothing wrong with it and is only 5 years old. It says it's only worth a little more than $5000. Last year it was worth almost $10000. Why the big difference? The mileage has changed but no more than you would expect in a year.
更新1:

HAHA sell it and drive what? And buy a new car with what money? Good joke! The economy is horrible how many people do you know that have the money to go and buy a new car? I owe less than $5000 not more. I just want to pay it off. I don't plan to get rid of it until I have it paid off and enough money to put a huge down payment on a new vehicle or just pay cash for it and not deal with a loan

更新2:

I'll probably drive this car until it dies or my family out grows it. I may even pass it on to my sister.

回答 (11)

2009-01-21 2:47 pm
✔ 最佳答案
One of the reasons why the PT's value dropped so quickly is because Chrysler will stop making them this year.

"Sales of the PT dropped by 49% last year, with only 50,910 vehicles leaving dealer lots. That's down from the PT's peak when Chrysler was able to offload 144,717 models in 2001. The PT's demise doesn't come as a surprise, particularly considering that Chrysler's owner, Cerberus Capital Management, has slashed six other models from the automaker's lineup since it took control in August 2007."
http://www.autoblog.com/2009/01/15/chrysler-pt-cruiser-production-to-end-this-summer
Plus, Chrysler isn't doing very well.
The biggest mistake was in not making any major improvements since it's inception. For the most part it remained unchanged since 2001.
👍 0 👎 0
2009-01-21 5:57 am
the economy got worse and nobody's buying anything- that's probably what brought the value of your car down... :(
👍 3 👎 0
2009-01-21 5:56 am
You're lucky it's worth more than you owe. The PT Cruiser is a relatively undesirable used car, and depreciates quickly.

Those cars don't have a very good track record which turns off a lot of used car buyers. I think $5000-6000 sounds about right. I would sell it straightaway and get out of that loan! To owe almost $5k on a 5 year old PT is not a good situation!
👍 2 👎 0
2009-01-21 5:54 am
Cars depreciate significantly the first year (or years) you own them.
👍 2 👎 0
2009-01-21 5:55 am
Maybe the demand of PT cruiser has gone down, or a newer model came out
👍 1 👎 0
2016-05-23 7:04 pm
Not really. The entire car is nothing but rust. Even the floor pans and frames are rusted. On top of that, they have sever damage (caved in hoods, tops, or major body panels) and the engines are missing. You would be better off buying a kit and building an old car from replica parts if that is your goal. You wouldn't be able to salvage enough on any of these cars to call it original. If someone is trying to sell these, they are gonna find that they will most likely have to pay someone to haul them off.
👍 0 👎 0
2009-01-21 6:20 am
The depreciation of cars is usually drastically high nowadays. Its value can be reduced by half after it is driven once. So it is not surprised to see its value from decreasing. Even if you sell your car without any lost, you need to purchase another car again. And once again, next year or so, you may find its value depreciates drastically. However, the case may be a bit different if you buy a "popular" car, meaning a model of car that may persist in usage for certain years, such as cars made by ferrari or aston martin.
參考: Common sense
👍 0 👎 0
2009-01-21 6:01 am
Sadly PT Cruiser's are a dime a dozen, they are in just about every used car lot in the country. On top of that for one reason to the next Chrysler is currently one of the fastest depreciating vechiles.

It is Natural that cars depreciate. Cars are not known as an item that holds up their value however some do it better than others.

To avoid this most people at least attempt to trade there car in for a new on before the reach the point of negative equity (the point when you owe more than it worth) otherwise you have a really hard time getting a good deal on a new car.

my advice to you is to trade your car in ASAP. Before you owe more than it's worth.

This is a common problem people have.

Good luck!
👍 0 👎 0
2009-01-22 1:12 am
you answered your own question.. its a chrysler PT Cruiser!! Sorry, but its the truth. good luck!
👍 0 👎 1
2009-01-21 1:05 pm
About car not worth can be read in
http://www.car.happyhost.org/?q=car%20not%20worth
👍 0 👎 3
2009-01-21 5:58 am
Don't worry, like oil and housing it will go back up. My IROC Z-28 was worth $700 at one time. Eight years later I sold it for $2300
👍 0 👎 3


收錄日期: 2021-04-19 13:23:35
原文連結 [永久失效]:
https://hk.answers.yahoo.com/question/index?qid=20090120215202AAEc40y

檢視 Wayback Machine 備份

　
　
　
　
　
　
　
　
　
　
　
　
　
　
　
　
　
　
　
　
Ans.fyi 參考答案 - 知識平台 © 2024 條款免責 私穩政策