Found this on a different msg board, concerning SUV's.... I was wondering what everybody's opinion on this was?Â
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"For any and all that own SUVs it would be best if you sell your vehicle now before it starts to rapidly depreciate because of coming oil prices - which will be greater than even last year and will not go down substantially (ever) unless demand is curbed (which is unlikely).
SUV sales this past year have plummeted because of a lack of demand, and I think it would be wise for anyone who has invested in an SUV (unwisely, I must say) and who plans to keep it for a long period to reconsider. You will want to preserve the value that will be lost in the very near future by retrieving it from a sale now.
More than that, selling your used car will keep potential buyers from buying a new one, and the last thing an oil-strapped economy needs (and a warming world needs, for that matter) is a brand new SUV on the road.
The point at which the rate the world can produce oil reaches its maximum, and then goes into decline. Most analysts are saying this will happen within the next several years if not already or if not next year.
"We are approaching "Peak Oil". Although political and economic events could shift the timing, we are nearing the date when there will not be enough oil left in the ground to permit a continuing increase in oil production. After that point, oil production must inevitably decline. Geologists think of Peak Oil in terms of resource depletion. Annual production depends on how many recoverable barrels of this finite resource there are on this planet. For economists, Peak Oil means the demand for gasoline, diesel, propane, heating oil, and thousands of other products will exceed the supply of oil from which they are derived. Shortages of these commodities are inevitable. "
http://www.aspo-usa.com/Because you have purchased a new vehicle, it is expected that you will use it for several years so as to get a reasonable return on your investment. However, given that fuel prices will inevitably rise and continue to rise, your investment will end up costing you more than what you will get out of it. I.E. the gas will be so expensive that any benefit that an SUV is supposed to bring will be rendered insignificant. By that time, you will want to sell it to perhaps buy a smaller and more efficient vehicle.
More than that, by the time fuel prices do get to those levels, the demand for SUVs will be so low that you will not be able to sell it to reclaim the original value you paid for; you won't be able to get even a small fraction of the original amount you paid. That is, unless you sell before demand sinks."
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I was considering buying something larger than the 01 Ford Taurus SES I have now... It's a GREAT vehicle, I believe well-made and I have not had hardly ANY trouble at all with it, however just need a bit more space with not only eventually here wanting another larger dog but my sisters kids sometimes visit, etc.... Something like a 4-door blazer....(do they still make those new?) I really like the new Ford Escape... I went to the dealership and they aren't ridiculously huge.. (like those expeditions/hummer/etc I see that are unbelievablely large) very nice.   For you guys who have SUVs and/or vans.... trucks, etc.... what's your opinion on this? Have you considered or got rid of yours recently because of the gas prices?
Here is the Escape.... anyone have one?? Trying to decide here before summer whether to actually go for one of these, or just go for a newer Grand Am/Grand PRix whatever they are, that seem pretty roomy.  Thanks guys!!
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