Anyone else getting a little concerned about resale?

[Mike_TX]

The problem is that you're in the minority around here. You seem to consider the future value of a car, an acknowledged depreciating possession, to be a material factor in purchase considerations, and for many of us (again, on these forums) it's simply not.

If you at all care about the future resale value of a car, you should simply lease it (yes I see that you do lease cars), and then it's not an issue for you. For me, I want to own the thing. I genuinely do not care how much it's going to be worth in 3, 5, 10 years. I like the car, I want the car, and in ten years I'm not going to care that it's "only" worth $6k. At that point I've gotten TEN YEARS out of it, anything I get out of it at that point is an absolute win. I'm most likely going to drive it into the ground.

With the Stinger in particular, being concerned with its resale value is a non-starter. No matter how awesome the vehicle is, the brand itself still doesn't have that great of a reputation. They've really turned things around in the last few years, but I think it's gonna take a generation or two before people talk about Kia like they talk about its competitors. They've made two brand new models, (the Stinger and the Telluride) and one of them might be discontinued.

If resale/trade in value of a car is a significant factor for you, then you shouldn't have gotten a performance car, and you definitely shouldn't have gotten a Kia. You should definitely bail out now, because (in my opinion) it is unlikely to get better. As Stinger owners we chose the car because we liked the car, not because it had strong resale value, I'm pretty sure it never really did. It's not so much that we don't want to look beyond today, it's just that for this car, it doesn't matter because it will be whatever it will be, and whatever it will be probably won't be great.

Yeah, I may be in the minority, but the thought of driving the same car for 10 years makes me sad. So much happens every 12-24 months that makes cars better or safer or more interesting, and I love that stuff. So 24 months is about as long as I can go without trading.

Once again, resale/trade-in value is always a consideration, especially because I trade often. I'm going to get hurt by depreciation as it is, so the most I can get out of a trade-in is always important. That said, I don't select cars solely on the basis of trade value, or I wouldn't have had 3 Kias! But within the context of cars I want to get, I do consider how much I'll get slammed.

But this thread is about external forces affecting the value after the fact ... namely the possibility of the car being dropped from the lineup. When this has happened with other cars, their value plummeted, and if that's going to be the case, it will benefit me and anyone else considering trading to maybe move a little faster. Either way, I expect to make my move by the end of the year, so it's probably not an issue ... as long as Kia doesn't pull the plug before then.

Oh, and I did get the Stinger because I liked it, and also because it was a good move, with $5,000 on the hood and other discounts mitigating the depreciation losses.

 

[YEH]

The problem with depreciation is that it's calculated from MSRP and not ATP, so doesn't take into account the discounted price most buyers have gotten.

Seems like the price on used TTV6 Stingers have been holding up fairly well, as interested buyers have been disappointed by the higher than expected prices (relative to what one can get for a new Stinger with the lease buyout and other discounts).

 

[Waynerm002]

I hear you about getting old and having trouble getting in the Stinger. It's strange that I was having that problem when I had the 2018 but don't in the 2019. Even how I adjusted the seats in the 2018 is different than how I set it up in the 2019. These days we have our eyes on the upcoming Sorento Hybrid or maybe the Hyundai Sante Fe Hybrid that was recently introduced in Korea. There is also word of a N version of the Sant Fe in the works, which means some height advantage over the Stinger and and a bit of sportiness as well.

 

[Bogey]

As a recent shopper/buying the resale market currently is very good (at least in Canada).

 

[eflyguy]

No way I'd own a "modern" car without a full warranty. Hence lease. With the right deal, you're out the depreciation, so it's break even.

That said, I'm hoping to keep my like-new 2003 F150 running forever. I gave it to my daughter a few months back, as she wants to keep the miles off her corvette and challenger. It needed to be driven more anyway.

 

[Mesmorino]

Yeah, I may be in the minority, but the thought of driving the same car for 10 years makes me sad. So much happens every 12-24 months that makes cars better or safer or more interesting, and I love that stuff. So 24 months is about as long as I can go without trading.

Once again, resale/trade-in value is always a consideration, especially because I trade often. I'm going to get hurt by depreciation as it is, so the most I can get out of a trade-in is always important. That said, I don't select cars solely on the basis of trade value, or I wouldn't have had 3 Kias! But within the context of cars I want to get, I do consider how much I'll get slammed.

But this thread is about external forces affecting the value after the fact ... namely the possibility of the car being dropped from the lineup. When this has happened with other cars, their value plummeted, and if that's going to be the case, it will benefit me and anyone else considering trading to maybe move a little faster. Either way, I expect to make my move by the end of the year, so it's probably not an issue ... as long as Kia doesn't pull the plug before then.

Oh, and I did get the Stinger because I liked it, and also because it was a good move, with $5,000 on the hood and other discounts mitigating the depreciation losses.

Oh you should definitely get out now, especially if you trade often and keeping cars long term isn't your style. With all the refreshes and releases Kia's been doing recently, it genuinely feels as if the Stinger really is/was a "halo car" to generate interest and buzz around their brand, rather than a long term model they had plans for. Since it was announced and refreshed, they've updated the Forte, released the Telluride, updated the K5, off the back of that interest. That the Stinger is a genuinely good (and it would have had to be anyway) may not be enough to save it, especially if people are moving to crossovers and such, like the journalists keep saying.

Of course, I'm by no means an expert or anything like that!

 

[StingerGT2021AUS]

I am looking at 2021 Kia Stinger GT Fully kitted in Australia ( our top of line luxury V6 turbo model). I dont really drive much at all but hearing rumours that the end of 2022 will be the last production run potentially. I was Stuck between the Camry SL Hybrid which is a little cheaper better on fuel same warranty if dealer serviced and better resale value. But the Stinger to me is way more enjoyable and overall better car and has way more fun factor in al aspects Looks performance and ambience. I am of the view the stinger may rise in value if it is discontinued as the car would be only a 5 year run and at some point is going to be one of the last Petrol performance large sedans ( especially in the Australian market).

 

[Blueangel]

I am looking at 2021 Kia Stinger GT Fully kitted in Australia ( our top of line luxury V6 turbo model). I dont really drive much at all but hearing rumours that the end of 2022 will be the last production run potentially. I was Stuck between the Camry SL Hybrid which is a little cheaper better on fuel same warranty if dealer serviced and better resale value. But the Stinger to me is way more enjoyable and overall better car and has way more fun factor in al aspects Looks performance and ambience. I am of the view the stinger may rise in value of discontinued as the car would be only a 5 year run and at some point is going to be one of the last Petrol performance large sedans ( especially in the Australian market).

Go for it. I chose this over the Acura type S with no regrets. Fun factor everyday all day. If you forget, other cars will remind you if you get my drift

 

[StingerGT2021AUS]

Go for it. I chose this over the Acura type S with no regrets. Fun factor everyday all day. If you forget, other cars will remind you if you get my drift

I get it my last 3 cars have been R33 GTR, 2013 WRX STI ( going to keep it can be the spare) Stinger is my responsible family car i just cant see myself driving a camry even though i know its the smartest financial decision. Last 2 Cars have been AWD and GT line here in Australia is RWD, plus my Missus has FWD so if i keep the WRX and get the stinger im fully covered.

 

[jthrelf]

I get it my last 3 cars have been R33 GTR, 2013 WRX STI ( going to keep it can be the spare) Stinger is my responsible family car i just cant see myself driving a camry even though i know its the smartest financial decision. Last 2 Cars have been AWD and GT line here in Australia is RWD, plus my Missus has FWD so if i keep the WRX and get the stinger im fully covered.

I briefly thought about an Accord Sport 2.0L Turbo which is a pretty good performer - but obviously doesn't compare to the Stinger. I knew I just wouldn't be happy. And with the Stinger I am! Go for it and don't look back. Good luck

 

[WRXtoStingerGT]

I briefly thought about an Accord Sport 2.0L Turbo which is a pretty good performer - but obviously doesn't compare to the Stinger. I knew I just wouldn't be happy. And with the Stinger I am! Go for it and don't look back. Good luck

I test drove a 2020 Accord Sport 2.0L and Touring 2.0L (both automatic) and my friend has a Sport 2.0L (automatic) with a Hondata stage 1 tune, with an intake and exhaust, and the cars are fantastic. But yes, what sold me was the Stinger being RWD and with a better warranty. The Accord is an amazing platform though!

 

[G-825350]

With the off and on talk about the Stinger's future, I'm beginning to get a little worried about getting stuck with a sinking asset. If it gets discontinued, I know my Stinger might just plummet in value overnight, and dealers will snicker when I come in to trade.

I figured I'd trade later this year anyway, but I pucker everytime I see someone mention that the Stinger might get the axe, or at least not get a mid-cycle update. Makes me wonder if I should bail sooner than later. Anyone else getting a little nervous?

I'm having a far different experience. I struggled to buy mine as people where desperately trying to buy them up, they constantly get sold when they go up for sale. You literally can't get ahold of them in the UK. People are more and more admiring the rarity and exclusivity that comes with the car.

Look at it this way - nobody is looking at you in a bmw, audi or mercedes unless you're paying top whack for a 7 series, rs7 or amg gt or black edition because the next few cars after will be another of your car.

 

[RUFFSTUFF]

I'm having a far different experience. I struggled to buy mine as people where desperately trying to buy them up, they constantly get sold when they go up for sale. You literally can't get ahold of them in the UK. People are more and more admiring the rarity and exclusivity that comes with the car.

Look at it this way - nobody is looking at you in a bmw, audi or mercedes unless you're paying top whack for a 7 series, rs7 or amg gt or black edition because the next few cars after will be another of your car.

Actually, what you are seeing is an overall reduction in inventory for ALL cars as dealers around the world have realized that the old model of having hundreds of cars on the lot and the financial burden of doing so, no longer works. Have fewer cars on the lot, mark them up so no one with sense buys them, and encourage new buyers to order their next vehicle. The end result is it takes far more planning and patience to buy a car than most of us have seen in our lifetime, and if you don't have those qualities, you probably will get the reward of paying extra.

 

[DoctorStiches]

Never selling.... unless i need the money i guess

 

[GenesisG70]

Is the last of this epic car there will be n nothing exactly like the Stinger why sell? Unless you have to pay for child support and you are broke.

 

[Nasscar]

Is the last of this epic car there will be n nothing exactly like the Stinger why sell? Unless you have to pay for child support and you are broke.

I agree!!