Anyone else think they are going to have a hardtime selling $50K gas guzzlers pretty soon?

How many properties do they need? They already have the old Wood Wheaton site, Nissan and undeveloped lot at Bon Voyage.

It is mystery to me how they can be so successful-- maybe they should be in charge of the forestry file

Posted by: travism on June 11 2008 2:59 PM
Anyone else think they are going to have a hardtime selling $50K gas guzzlers pretty soon?

I agree and can't wait until the price of those things drops to where I will go buy one.
I am hearing stories of people selling their $60K trucks for 30-40. It won't be long and the prices will fall even further.

how can they be so successfull?
well from my experience watch out when using thier service department they tryed to sell my mother expensive repairs she did not need.

IMO they won't need the extra room for long! Who still buys there? Not anyone I talk to.

they are as shady as shady gets...but they must still do brisk business from the sounds of things.

a lot of out of town clients i would imagine. and northern bc does love their trucks, so they prob get a chunk of that business by default.

Unpaved and no lighting on the properties? Why not just park them on some road just off the highway 97 south near the city limits?

Aesthetics on a car lot? Them triangular flags criss crossing the parking lot? Hey!How about that Nissan plan just west of Bon Voyage? A change of mind due to the economy and oil prices?

Harbinger,

No, just a change in point of view. Mark my words, they are going after the soon to be rezoned Golf Club land, from Hwy 16 West...........over my dead body.

I was going to pick up a fuel efficient car for a daily driver, but the prices for them have gone way up to the point I save more paying more for my higher cost fuel for my truck, than I would buying a fuel efficient car to save gas.

A person could always buy used I guess, but if I'm going into that market then I think I'll do like lostfaith and pick up another truck when the truck prices drop by upgrading to an older diesel 1-ton... then hold onto my current truck for a few more years and sell it when the oil prices go down and the truck prices go back up once Bush is out of the White House.

Time Will Tell
how low will they go....

Eagleone, I have yet to see a vehicle that is a couple years older have the price increase. Vehicles are the fastest depreciating 'asset' anyone can have regardless of the price of oil/George Bush. Good luck though I would love to eat crow.

I personally know some of the reasons why Northland does fairly well, but I won't discuss them here. Perhaps you should ask the employees.

zoom my situation is unique. My truck is a custom order that has options very few other trucks have. I paid only 40% of its original price when it was only 8 months old and its in mint shape now. The problem is I didn't read the fine print in my lease agreement so I'm obligated to pay all the interest in the agreement even if I sell early, so it actually costs me money to buy it out now, otherwise I would... so I have to wait a little over a year until the buyout date so I don't pay the interest for a loan I already bought out. therefor its a sunk cost and thus its essentially free of any further cost to me (that I'm not already obligated for) to keep the truck until its buyout date and then buy it out at that time and sell it for likely twice what the buyout is on it. Either that or sell it as money down and take over the lease, but I'm not interested in taking the time to sell that kind of gimic.

In January 2010 we will have had a new administration in Washington for over a year and by then (at my buyout time) its likely oil will be 20% what it is today because the speculator banksters will either be in jail, or their loop holes in the regulation of their derivative futures trading scam will be well in place by then to stop such market manipulation practices by the hedge funds of Wall Street. I don't believe its supply and demand when Washington is still filling up its strategic reserves and OPEC is cutting production to meet demand.

So if I'm a sunk cost on what I have already it still might make sense to pick up a fire sale for a work truck if it presents itself. Then sell my other truck in a years time when it is no longer a sunk cost (although likely for less then I would sell it for today, but it would be a wash with the lease considerations).

At the time I thought you could buy out your lease vehicle when ever you decided you wanted to either buy the vehicle out, or sell it for more then was owing on it, but apparently I was naive. If I owed more then it was worth it wouldn't be a problem, but its not that bad a problem to have anyways.

I think I would be compounding two wrongs if I sold my truck now just for the sake of buying a car that is over priced 40%. Even at $2 a liter I don't think the savings would pay for the costs incurred to make the trade and then I'm stuck driving a car.