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It's not just the new cars. On Saturday, my friend traded in his 2017 GMC Canyon with 86k miles on it for $19k. He had paid $25k for it new in 2017. The deale
by smeej 4y ago
It's not just the new cars.
On Saturday, my friend traded in his 2017 GMC Canyon with 86k miles on it for $19k.
He had paid $25k for it new in 2017. The dealership now has it listed for used sale for $28,995.
If they're turning a $10k profit on a 5yo car driven pretty hard for 5 years and selling it above what it cost when it was new, I have no doubt they're marking up the new ones even higher!
- ghaff 4y agoYeah, the one silver lining of the crunch. When I just bought a new car, I traded in a 2011 Toyota 4Runner with 75K miles and a caved in rear hatch and some non-obvious mechanical problems. Got $15K for it. Was really shocked. Sort of made up for the fact that I pretty much paid sticker plus a couple add-ons.
- smeej 4y agoThe same dealership as bought my friend's truck above is offering me over $4k for my 2007 Prius with 208k miles on it. Sure, I expect I could get that private-party. But on trade-in??