Friday, October 2, 2009

Want a good buy on a dead car (brand)?

We sold our two Saturns - a '93 and a '96 - before the bottom fell out. There isn't much to gloat about, though. They had 115,000 and 153,000 miles on them respectively and were pretty much depreciated out.

But there are better ones out there, along with Pontiacs, Hummers, Plymouths, Oldsmobiles and other vanished or vanishing brands. Prices can be real bargains, as Sylvia Cochrane at Associated Content points out. Many buyers are reluctant to buy vehicles no one is making unless, perhaps, they delude themselves into thinking there is a potentially classic collectible in the bunch.

Orphaned car brands can be good deals for the right buyer, says Jim Henry of Parts and servicing won't be a problem, the auto industry tells U.S. News and World Report. Resale value likely will be if you plan to sell in a few years. That won't matter so much if you plan to drive them for as long as they last.

I think a bigger kitchentablenomics level casualty in the Lieutenant Motors meltdown may be home real estate prices in Spring Hill, TN. Good luck trying to move one of those.

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