neat stuff at the local dealer (A8 pricing)

[Lee Levitt]

"Russell Kubycheck" <crk022 at earthlink.net> writes:

>
> Any idea on why the A8q's are going for this price? Are there any
> expensive problems or maintenance intervals that warrant the low cost?
>
> David Head wrote:
>
> >Actually, 97 A8qs are going in the $18-20K range, and 3.7 fwd models:
> $15-17K...

Lease programs.

A high percentage of luxury cars are leased...in the range of 70% or higher,
depending on the make/model, and as large numbers come off lease, they tend
to depress pricing.

I learned this the hard way...I bought a one year old Range Rover 4.0SE a
couple of years ago, and a year later, when lots of previously leased 4.0
and 4.6 models came on the used car market, the value of my truck plummeted.
Which wouldn't have been a big problem, but I decided to sell it to buy my
S6. I lost in value on the Range Rover pretty much exactly what my S6 cost!
Ouch.

Remind me not to buy any more newish cars!

Lee
'95.5 S6 avant
'96 A6 quattro avant