Quote:
Originally Posted by Spammy
With new car sales down the proverbial and Covid here for a lot longer that we imagined, what does everyone think about used car prices?
I'm in the market for a used car in the low 20s - my aim is to find a sellers looking for $30k and offer them $23k cash today, take it or leave it.
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You might be failing to realise that a seller listing at $30K may actually be pricing their car exactly where the "real market" is positioned and not overpricing with some margin to negotiate $7K...And they may not be financially desperate.
I was offered a dealer $25-$28K trade-in on one of my 2.5 yo vehicles on a $47K brand new purchase.
Researching shows me second hand retail pricing is about $30K maybe $33K at best.
If I choose to sell privately I'm going to list at $30K and negotiate down to maybe $28K...if you say rang me and offered $23K cash I'd say good luck and call me when you're seriously interested in paying a fair price for an immaculate condition vehicle with less that 32Km. YMMV.