Old cars are worth almost as much as new ones
Kelley Blue Book says the price differential between new and used is the closest it's been in 14 years.
Why anyone would believe anything by Kelly Blue Book is beyond me. You try walking into a dealer and tell him you want a 2013 Camaro and you'll give him your 2012 and $126. He would throw you out after he finished laughing.
Consumers use it because of all the sources at their disposal Kelly Blue Book by far has the highest trade values.
If Kelly Blue Book is so accurate then why don't the banks use it when determining the value of the collateral for your loan?
Buyers set prices not sellers.
Unemployment at 8.3% with debt out the butt just shop around and get a good deal and let the greedy SOBs car's sit on the lot.
No matter what these "experts" say about car prices, to me they fit into two categories:
1 - I can afford them.
2 - I can't afford them.
Recently, just about all of them have been fitting into category 2, so I guess from that perspective, they are identical in cost.
This is bull roar! I have been in the car business for amost 25 years and owned my own shop for 10 years...... The only time you find a used car same or close to the same is if it is a low production car new so it is rare to find used.......A 1 year old car is going to be 20% less for sure and more in some cases...........Do not care what books or magizines say............Now nice used car with LOW miles are getting tuff to find but you still can find them. The nice kicker for used car buyers is the rates in our area are very low like 2.89 for up to 60 months.. Good luck buyers! JB
The rule is : if the price is ridiculous , you don't buy. No Used car is worth anywhere near the price of a new car. Notice also how new cars are priced. No matter what you buy you are paying almost the sam for any model . The price fix is in. Dealers are also price fixing used cars because they can't sell enough of the new ones.
Remember the Housing disaster . If the price is too High on something you find a way not to buy it. What goes up must come down.
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