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Kelly Blue Book and Edmunds can help you estimate. Although it's heavily affected by age and model.
by Brozilean 6y ago
Kelly Blue Book and Edmunds can help you estimate. Although it's heavily affected by age and model.
- daniellarusso 6y agoAlso note, pre-owned vehicle prices in the US have greatly increased since March. The company I work for, we can provide the original window sticker for a pre-owned vehicle. This had been a desired feature for several years. Now, dealerships no longer want the customer to see that info on a pre-owned vehicles, because it has the list price of the vehicle as new. The pre-owned price is very close to the new price.
- breakingcups 6y agoDo you know why those prices have increased? I naively would've expected those prices to drop due to COVID, not increase. Also, why would one still buy a pre-owned vehicle if a new vehicle is available for a very similar price?
- daniellarusso 6y agoSo, the current ‘joke’ is, buy a brand new vehicle, wait a month for its value to appreciate, then sell it back to the dealership. My guess on the reason for the pricing increases is several factors: At the beginning of the ‘shutdown’, it affected auto auctions, where dealers obtain a decent amount of their pre-owned inventory, besides trade-ins. Actual manufacturing shutdowns decreased new car outputs The rescue package allowed for a substantial jolt for vehicle financing, and it is not uncommon now for people to finance a car for a 6 year term. There are also 7 year terms, now. So, awash in finance money and limited supply.