used full size SUV and trucks

cossie1600 · 03-09-2012, 12:24 PM

With gas getting more expensive, do u guys think the price of used SUVs will drop greatly? I have been thinking about keeping one in the house for towing, yef I found the price to be more expensive than I would like still. I am curious to see if we will see a massive sell off if gas hits 4.5 a gallon.

I want a land cruiser hehe

Econ · 03-09-2012, 02:26 PM

Of course. Pre-Economic crash in 2008 (highest prices historically), you were able to get some sweet deals on the larger SUVs. The same will happen again, however I wouldn't be surprised if it were further magnified. In 2007, early 2008, people were more confident in the economy, however uncertainty still hinders many of the equity/commodity markets. I think the combination of rising gas prices, and continued uncertainty will definitely afford you some good deals in the SUV space.

I am actually considering trading in my Liberty (which i traded my Z for) for a wrangler unlimited. I'll see what kind of deals I can get.

cossie1600 · 03-09-2012, 08:01 PM

Here is the crazy part. At $4 a gallon, a full size SUV (let say 15) burns about $1000 per year in gas (based on 10K miles) than a Pilot (20). I guess I can just buy the car and let it sit until I really need to use it.

03-09-2012, 12:24 PM	#1 (permalink)
cossie1600 A True Z Fanatic Join Date: Jun 2009 Location: californee way Posts: 5,380 Drives: 370, Leaf Rep Power: 30	used full size SUV and trucks With gas getting more expensive, do u guys think the price of used SUVs will drop greatly? I have been thinking about keeping one in the house for towing, yef I found the price to be more expensive than I would like still. I am curious to see if we will see a massive sell off if gas hits 4.5 a gallon. I want a land cruiser hehe

03-09-2012, 02:26 PM	#2 (permalink)
Econ A True Z Fanatic Join Date: Jan 2011 Location: New York City Posts: 2,546 Drives: Fiat? Rep Power: 19	Of course. Pre-Economic crash in 2008 (highest prices historically), you were able to get some sweet deals on the larger SUVs. The same will happen again, however I wouldn't be surprised if it were further magnified. In 2007, early 2008, people were more confident in the economy, however uncertainty still hinders many of the equity/commodity markets. I think the combination of rising gas prices, and continued uncertainty will definitely afford you some good deals in the SUV space. I am actually considering trading in my Liberty (which i traded my Z for) for a wrangler unlimited. I'll see what kind of deals I can get. __________________ 2014 Triumph Thruxton 900 2013 Fiat 500 Abarth 2009 Nissan 370z

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03-09-2012, 08:01 PM	#3 (permalink)
cossie1600 A True Z Fanatic Join Date: Jun 2009 Location: californee way Posts: 5,380 Drives: 370, Leaf Rep Power: 30	Here is the crazy part. At $4 a gallon, a full size SUV (let say 15) burns about $1000 per year in gas (based on 10K miles) than a Pilot (20). I guess I can just buy the car and let it sit until I really need to use it.