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I've also observed the overpricing of 1-2 year old cars. Do you have any idea why?
by jnwatson 7y ago
I've also observed the overpricing of 1-2 year old cars. Do you have any idea why?
- SkyPuncher 7y agoMy personal opinion (though I haven't paid attention for long enough). * Lease mileage seems to be trending downward. * Overall reliability is trending upwards (easy to get 200k+ miles) * This places a lot of 1 to 2 year old vehicles in the "almost new category" Combine this with certified pre-owned program, you can pretty much get a "new" car for 30% less. This is inflating the price of cars with low miles since they seen as nearly the same as new cars.