Thread: Used car prices
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Old 13-08-2020, 11:07 AM   #68
Poetic Justice
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Join Date: Jan 2005
Location: Eastern Suburbs, Melb
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Default Re: Used car prices

Quote:
Originally Posted by Spammy View Post
If dealers are offering $18k as trade in, I'm a buyer at $23k with cash in my pocket and there are a dozen cars that have been advertised for 2 months priced at $30k - then what are they worth?
A couple of points to consider:

* Prestige cars always take longer to sell
* Dealers ALWAYS 'kick' a prestige car on trade in valuation. It is either or a combination of being aware of the risk if something goes wrong, or that it will take longer to sell. Hence they want to profit more out of them.

This approach would not be the same as looking at the equivalent year Falcon, Commodore or other more common vehicle.
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