[Quiet Lunatic]

Aside from absolutely hating my Nitro I checked the resale value in the NADA book and the KBB because I want to trade it in, but because of the huge depreciation these things took, I can't afford to.

For example, the KBB lists my vehicle with all options and with 28,000 miles and in excellent condition as:

Trade-in - $14,650
Retail - $21,400

Are you f*#king kidding me, over $10,000 depreciation in about one year.

I regret the day I drove this thing off of the lot.

 

[MFPITA]

well Idk what to tell you, it happens, who knows, in a yr or two mayb the market will come back, u never know, mayb the u.s. will do some off shore drillin find some new oil supply, gas prices come down and people start lookin for SUVs again, or mayb by then we all will be drivin plug in cars, who knows, just try to enjoy it while you can. lol

 

[SeattleJoe]

I'd have to agree with MFPITA ... lots of factors outside of some poor decisions by Chrysler concerning the Nitro. All SUVs are gonna be taking a hit in resale value with gas prices what they are now.

I'm hoping that Chrysler comes out with fixes for some of the known issues, and maybe that will increase the perceived value of the Nitro.

 

[fcsallan]

i just traded my 2007 R/T with only 9000 miles for $20,000 and I had to fight to get that. Good luck.

 

[dk1677]

I am sorry for those that have had problems :shakehead:, mine has been great I love it! :smileup: But it can happen! I have heard horror stories on most all makes from Mercedes to Toyota's , I had a Saab that I paid over 30k for in 1997 that had all kinds of stupid problems and a dealer that couldn't fix them ( most I did myself) and I lost a lot trading for a SSE. I can understand your frustration and I hope your new rides are good ones guys!

 

[KenCary]

If you guys think you are getting killed on a Nitro trade, just think how bad you would have it with a 1 year old full-size V8 Pickup. In my town Ford is offering $16,000 off on F350's, Toyota is giving $ 8,000 off on V8 Tundras---- how could you sell a year-old truck with such deals on new ones!

 

[fcsallan]

I know, could you just imagine being a dealer and having to take a trade as a condition of sale. You get stuck with more junk than your ever going to sell.

They still do it so that they can keep the new inventory moving. If they don't make the sales numbers this year they won't get the inventory next year.

We wonder why the manufacturers are having problems.

 

[MFPITA]

You kno I think car companies should buy back our cars and replace them all with plug in electric cars, keep our payments were they are now, lol if every1 was for real about makin a change and gettin off oil they would just stop sellin um, think about it, if the government made us stopped importing cars and made dealers only sell hybrids we could make a real big change in the world and in the enviroment.

 

[f4kev]

Lets see... high gas prices that keep going up... mixed with a vehicle that gets not so good gas mileage = a car that's not going to sell well or trade well. The resale values of all SUV suck ass! It's a know theory called "supply and demand". Could you imagine how fast the Nitro would sell if gas was $2.00 a gallon!

 

[MFPITA]

or how fast the nitro will die if gas was 9.00 a gallon lol

 

[Corsairkid]

You kno I think car companies should buy back our cars and replace them all with plug in electric cars, keep our payments were they are now, lol if every1 was for real about makin a change and gettin off oil they would just stop sellin um, think about it, if the government made us stopped importing cars and made dealers only sell hybrids we could make a real big change in the world and in the enviroment.

They tried this. GM built the EV1 electric car and it was very successful back in the 90's. However GM then bought back the EV1's for an "unknown" reason. These cars put out an equivilant of 137 HP, went 0-60 in under 9 seconds, and could go up to 130 miles per charge (more than enough for 95% of drivers daily miles). There are arguments blaming the government, as well as Oil companies, etc for "Killing the Electric Car". We watched this movie in school this year. Very interesting...
http://www.whokilledtheelectriccar.com/

 

[cpsteamer]

or how fast the nitro will die if gas was 9.00 a gallon lol

Geez don't even think that!!! On the bright side some economists are forecasting $80 a barrel oil by next year - we'll see.

 

[fcsallan]

Hold on to your hat, Here comes the Volt.

http://gm-volt.com/

 

[MFPITA]

lol I hope gas makes it to 9.00 a gallon, i would love to see how people fall apart lol

 

[Corsairkid]

lol I hope gas makes it to 9.00 a gallon, i would love to see how people fall apart lol

It would cost almost $180 to fill up the Nitro...:shakehead:

 

[cowboytruckn]

I know everybody hates the gas prices but I am not going to quit driving because of it. Driving relaxes me to a point until some jerk cuts me off. The gas prices have gotten into my budget a little but I am still wanting a new Dodge Ram 1500 with the 5.7L Hemi or maybe even move up and get the 2500 with a Cummins. They are offering good deals on all the Rams, F-150, and Tundras. About the only thing not is the Silverado.

 

[Quiet Lunatic]

Gas prices may have a tiny bit to do with it but I'm not going to sugar coat things, in my opinion the Nitro is a piece of crap and that's why the resale value is so low.

Case in point! The vehicle I am looking at trading for is a used 2007 Ford Edge SEL Plus. The vehicle is nicely equipped with only 3,500 miles on it. Using the KBB again, the values are as follows:

Trade-in: $24,050
Retail: $31,435

Both of these vehicles are in the same class of auto (SUV/CUV) so how can anyone that is defending the Nitro say that it's the price of gas that is what's affecting the resale value. Clearly the Ford has retained a great deal of it's resale value.

To the folks who like their Nitro's, I apologize for bashing it but I for one regret the day I signed the purchase contract. I suspect that there are others on here that feel the same way but just won't speak up.

One way or another mine is getting traded, huge loss or not. That being said, you guys have a good thing going here with this Forum so enjoy. I appreciate the assistance that I received while I was on here.

BTW, I'm comtemplating removing the JBA headers and the Magnaflow catback if anyone is interested. PM me if you are.

Bowhunter4Life...............................................OUT!!!

 

[NPHBOB]

I have purchased more than a dozen new cars over the years. Some were good, some were not so good. One thing I found in common with all of them is that they are "worth" a lot when the dealer is trying to sell them but not "worth" much when it comes time to trade them in.

This simple approach is how dealerships make their money!

Every basic financial plan says that "investing" in a new car is one of the poorest use of your money you can do unless you plan on driving it for long term. If you are buying a collectable car such as a Viper or the new Callenger, then that may be a wise investiment but even that is risky and will likely take years for them to appreciate.

Having purchased so many new cars over the years, I have found that I buy because of what I like or need, not because it is a sound financial decision.

As for any of the SUV's, the resale is dropping like a rock. Many dealers in this area will not even accept a trade-in on one. Those that do are taking the folks to the cleaners. Of course if the gas prices do turn around by the end of the year, then they will look like heroes because they will be selling a SUV that they have practically nothing in.

I understand the frustration of those who have had a bad experience with their Nitro....that really sucks when you buy a new car and everything seems to be going wrong. Of course that is why they have the lemon laws.

These type of issues are not exclusive to Dodge or the Nitro. As was stated earlier by DK, every manufacturer has these issues one time or another. I have had these same frustrating issues with Ford, Kia, Honda, GM, Mercedes and even Chrysler. But overall, the best resolution I received was with Kia and Chrysler.

I guess sometimes you are the windshield and sometimes you are the bug!

I hope that those who are getting rid of their Nitros and moving on to something else find a good and dependable ride that meets their needs and satisfaction! :wavey:

 

[MFPITA]

See I understand what your saying, however I have owned 10 cars in the last ooooo idk 5 yrs lol ( i buy a new one every time I come home from a deployment) out of the 10 the dodge was the only one that I found to have a crap ton of issues, and i had for a shorter time frame the my others, out of 10 5 of them were hyundais, and no issues at all, 1 was a pontiac, 1 was a mitsubishi, 1 toyota, and now the Jeep, all with out issues, soooo with that being said the nitro might just have been a quick push cause at the time dodge didnt have a small Crossover, just the Durango, so mayb the pushed it to fast and thats were all the issues come from

 

[NPHBOB]

See I understand what your saying, however I have owned 10 cars in the last ooooo idk 5 yrs lol ( i buy a new one every time I come home from a deployment) out of the 10 the dodge was the only one that I found to have a crap ton of issues, and i had for a shorter time frame the my others, out of 10 5 of them were hyundais, and no issues at all, 1 was a pontiac, 1 was a mitsubishi, 1 toyota, and now the Jeep, all with out issues, soooo with that being said the nitro might just have been a quick push cause at the time dodge didnt have a small Crossover, just the Durango, so mayb the pushed it to fast and thats were all the issues come from

Good point. Maybe the build dates might have something to do also. Mine is a 2007 but I think it was towards the end of production. I bought it in Jan 2008. The only real problem I had that seems to be the same as others on the forum were the roof rails and they fixed them right away.

I have 15,000 miles on mine so far so things could still pop up, but I am thinking that if they haven't shown up yet, it may be unlikely they will.

As far as the others go, I am glad to hear you had good luck with the Hyundais. My secretary had a Sante Fe and that thing cost her an arm and a leg. Of course, the dealer saw that it was a single, older lady who knew nothing about a car so the stuck it to her every time she went in. As an example, she paid over $350 to have the front brakes changed when she only had 18,000 miles. This was just one of a bunch of stuff including the ABS module leaking fluid. They wanted $1,500 for the part alone. That was when I convinced her to trade it in. Now she is driving a Ford and is very pleased.

So what is the next vehicle on your list of maybe's when you come back from deployment again? :thk: