What plummets in value faster?

[WhiteCrane]

What drops in value faster, a convertible or a hard-top?

I can justify spending the money on a convertible if I know I'm getting some back when I sell it.

Some used cars I've seen the convertible only cost about 1000 more than the hardtop after just a few years ... yet a convertible adds like $7k to sticker... is that typical?

I live in NY, if that matters. We get like 4-5 months convertible friendly weather here.

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[derklug]

It all depends on your time frame, in the first 5 years, convertibles will usually drop more since they cost more originally. After 5 years, verts hold their value a little better in my experience.

[WhiteCrane]

eek...

I don't know what to do... I don't for one instant guaruntee I'm holding this car for 5 years... But I like to know I can turn around and SELL it at any given moment (in a $$$ emergency.) For that reason leasing worries me.

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[Nutbutt]

I have found selling previous verts in good condition will always get a better price than coupes, but you do put out more up front. A car is never an investment if you don't plan to keep it at least 10 years. Even then it has to be unique in some way, like being a vert. I find even in New England you can usually get at least 6 month with weather you can use the vert. This year I had a few days this winter I had the top down.

[EM1/SS]

I would never buy a car that cost this much thinking I may need to sell it within 5 years. You'll lose your @ss. I sounds like you need to make a choice on a nice used car until you have the funds to drop on a toy. I would not get a vert as a daily driver in the northeast. Mine only comes out of the garage on nice days.

[95birdible]

My house plummets the fastest!!!

['11 cyber grey vert]

cars are never an investment.Always loose value as soon as you drive it off the dealers lot.(with the exception of maybe a collectors car)
Verts over time will sell a bit higher than coupes, but cost more initially.
I also store my vert for the winter and plan on owning it for many years to come.

['11 cyber grey vert]

Originally Posted by 95birdible

My house plummets the fastest!!!

Yeah, I heard you guys south of the border are having a hard time with your housing values....Ours continues to climb up....Like we are all sitting on oil reserves or something

[95birdible]

Well, I am about 25 grand up in value from when I built it 11 years ago. But I did finish off my 4th level as a mancave so I am sitting about even. Dropped about 125K in value since 08. At least I am not upside down and it will be paid off in 3 years.

[WhiteCrane]

Well here's my boat. This happens to be about buying a Mustang GT, not a camaro. I came to Camaro 5 for this because mustang forums SUCK, and this is the best car forum on the web, fact.

I can sell my 2010 GT Premium Auto for $25k. I can buy a new BASE GT Convertible for $30k plus tax or just a plain jane 2012 BASE GT Manual (more horses than my car, new 5.0) for $25k... leaving only Tax.

Cons:
No more leather (I dont like it), no more premium sound (I don't need it in a car I drive once a week).

Pro:
I want a manual.
100 more horses
New engine, should depreciate slower than a 2010 GT, even without fancy extras listed in cons.

Huge difference in price for the convertible, but If the convertible is gonna get me $3-5k more when I sell it, I'm okay with it. If its just gonna get me $1k more, then its a waste.

Either way no loans. Its a cash deal.

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[Brian52682]

You can't drop the top when it's 75 degrees outside and enjoy the weather. A convertible is a little more money yes but it's so worth it when the weather is pretty. Who cares about resell value?

[njmike]

If we are talking same year car similar miles I would like to think the convertible holds its value more, but than again you pay more for a vert so it works out too be the same

[woodj]

Originally Posted by WhiteCrane

Well here's my boat. This happens to be about buying a Mustang GT, not a camaro. I came to Camaro 5 for this because mustang forums SUCK, and this is the best car forum on the web, fact.

I can sell my 2010 GT Premium Auto for $25k. I can buy a new BASE GT Convertible for $30k plus tax or just a plain jane 2012 BASE GT Manual (more horses than my car, new 5.0) for $25k... leaving only Tax.

Cons:
No more leather (I dont like it), no more premium sound (I don't need it in a car I drive once a week).

Pro:
I want a manual.
100 more horses
New engine, should depreciate slower than a 2010 GT, even without fancy extras listed in cons.

Huge difference in price for the convertible, but If the convertible is gonna get me $3-5k more when I sell it, I'm okay with it. If its just gonna get me $1k more, then its a waste.

Either way no loans. Its a cash deal.

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I bought a 2011 California Special Convertible, 5.0, 6 SP Man for $33,500 last weekend. Anyway, there are still a few 2011's left on the lots so you might want to look at them.

[69supersport396]

There is a general rule in the collector and special interest car world.

When the top goes down, the price goes up.

Model for model, verts are always worth more than hardtops.