Price of geo metro's on ebay
Has anyone been watching what geo metro's have been going for on ebay? I think the highest I've seen is 7300$, granted it had low miles but still this is crazy.. it's like 5-7x the price on kbb. Thankfully I bought my 95 vx 8 months ago for 3200! These prices are starting to get into the range of what used insights with over 120k miles were going for a few months ago.
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CRXs are doing the same!
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Lets see 10 MPG 10,000 gallons per hundred k miles.
50 mpg 2000 gallons per hundred k 8000 gallons at 5 bucks a gallon 40 grand Now how much was that car worth? Im still 1600 gallons ahead of a 33 mpg car thats 12.8 grand Compare the fuel cost to the car cost its becoming more of the fuel cost compared to a car. I have $5000 in mine and expect another 200k miles, thats 4000 gallons of fuel or 20grand 10 cents a mile. When I hit 230 k miles Ill see how she is holding up. 25k total for 200 greand miles is a pretty good deal, like a Prius with a free gas card for 8 years. My car will be worth more than any Prius with 230,000 miles when it is 8 years old. regards gary regards gary |
I've got a 95 Metro that needs a clutch setting in the yard. Got if for free last year. Guess this is the right time to put a clutch in and sell it.
Q |
I've noticed it more with Metros than CRX's. A clean CRX has gone up about 30-40% in price, whereas metros have gone up almost an order of magnitude.
I was looking at getting a metro last year when gas was $2.90 and I had a 90 mile round trip for my job. Back then you could get a decent running metro for under a grand. On the other hand CRX's are a tuning car and they have always been around $1500-2500 for a running example. CRX's were only produced until 91, and the metro was produced many years after that, so I think most people will go for a newer metro, thus the higher pricing. |
Better enjoy it while it lasts.
Small cars with even better mpg than VX's and XFi's on are on their way. I'm saving up now for 2011 to 2013, by then 21st century gas sippers in the 60 to 80 mpg range will become available - I hope !!!! Does anyone want to guess whether or not crude oil goes down in price again sometime in the next five years or so? My guess is no but it's happened before and could very well happen again. Man-made global warming is the wild card here. Do policymakers believe it's actually occurring or are they using it as yet another scam to fleece the rest of us. Stay tuned. |
my guess is that it will go down in early june and then start back up from late june till late august, then drop off through october. But the long range trend will always be up.
Just a guess. Maybe its time to purchase an electric bicycle and charge it with solar. -James |
Chrysler is giving people gas for 3 years at $2.99 a gallon up to 12,000 miles a year for buying a new jeep.
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Hmmm....went to the Cadillac dealer the other day to order a part for my '83 Eldorado. Had two (count 'em!) salesmen descend upon me and my $200 '91 Metro offering me 10 grand trade for anything I wanted! Guess times must be tough out there!
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Seriously, how much do you want for it? |
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Let's say gasoline hits $6 a gallon for the next 3 years. That means $3/gallon savings x 12,000 miles / let's say 30 MPG. Yearly savings? $1200, for a total of a $3600 rebate. Let's say gas averages $4.50 per gallon. Savings of $1800 over 3 years, and you've got a car that's entirely computer-driven, automatic everything, etc. Not much of a savings. Compare that to a CRX or Civic getting 40 MPG. You could literally buy two used cars and have money left over. |
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And we can sit here and say "I could just buy a civic or metro, and save twice as much etc etc." The problem is that the majority of the population doesn't want to tinker with and old car, they want something NEW with a warranty that they don't have to worry about. |
I'm waiting for gas to hit $6 a gallon the I'm hoping to get $1500 for mine :p
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When I retired from working on cars I bought new cars and traded them in frequently.
After alignment problems with a new 06 Corolla and the pile of BS I had to crawl through, I bought a 94 Del Sol and averaged about 43 MPG with a manual tranny, about 8 better than the Corolla. Pure luck and I found my current 94 VX with 27,492 actual miles, stored inside, with the original tires not dry rotted. it was hit in the rear and totalled when it was two years old. Everyone thought I was crazy to put 5k into that car, until I started recording mileages from 55 to 65 MPG without EOC. 3500 miles on her now with no problems whatsoever other than a couple of annoying rattles, one of which was some moron who pulled the access plug to the rear of the rocker panel and dropped a 5/16ths 1/4 inch drive Proto socket in the inside of the rocker panel. I'm set up for 8 years worth of transportation, when I will be 65. I figure by then they might be building something that gets better than the 57 MPG average I have maintained for the last 3000 miles. I drove into the local dealership (Honda and BMW) and it dawned on me that I wouldn't trade them that VX for any new car they had on the lot. It will take less than 4000 gallons of fuel for me to drive 200,000 miles. $20,000 for gas for 8 years at $5 a gallon. I have seen the effects of high gas prices, around here people are slowing down. It used to be just under 80 on interstates. Virginia considers anything above 80 to be reckless driving. Today on 64 east from Richmond to my home the average speed was between 65-70 MPH, and the traffic volume was about 65% of normal. I have driven the same route practically bumper to bumper at close to 80 until the recent jump in gas prices. regards gary |
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Still stupid math because all you actually get is a vehicle that gets 17 MPG! Base model Jeep Wrangler about $20,000. Used Honda Civic gets better than twice the mileage - let's say you pay $10,000 for one, which is a LOT of money for an older Civic. More realistic is $3000-6000. Leaves you about $7000-$17,000 difference to be able to pay for repairs over 3 years, because the gas is sure cheaper! It's a scam, and buying a new car simply because it's "under warranty" is pretty stupid to save a few measly dollars only in 3 years. You could literally buy a used Civic every 6 months for 3 years at $3000 and STILL have money left over, plus 6 vehicles. That math does NOT make sense. |
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