Used car prices
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Lexus Champion
Joined: Apr 2006
Posts: 1,679
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From: georgia
Used car prices
Wow used car prices are high. My friend and I where looking on auto trader and most cars are in the 18 - 23k range for 3 year old cars. From 07 IS350's to 07 Altima's prices are the same. There are even some over priced suv for example an 08 MDX at 32k or a 07 RL at 26K. Wow I guess the used market hot. No reason to buy used now when I see a maxima costing as much as a is350.
USA TODAY STORY
Guess I will be keeping my little mazda 3 a little while longer.
USA TODAY STORY
Guess I will be keeping my little mazda 3 a little while longer.
Last edited by lexmenow; Jan 21, 2011 at 11:41 AM.
Last year, with most automakers providing excellent financing options (usually 0% APR), it was sometimes cheaper to buy new than used. Used car priced had to drop.
Now that financing is not as good, especially since the beginning of the year usually don't offer many incentives for new cars, used car prices have increased.
If you can wait, give it time. The market will swing again...
Now that financing is not as good, especially since the beginning of the year usually don't offer many incentives for new cars, used car prices have increased.
If you can wait, give it time. The market will swing again...
Thread Starter
Lexus Champion
Joined: Apr 2006
Posts: 1,679
Likes: 0
From: georgia
Last year, with most automakers providing excellent financing options (usually 0% APR), it was sometimes cheaper to buy new than used. Used car priced had to drop.
Now that financing is not as good, especially since the beginning of the year usually don't offer many incentives for new cars, used car prices have increased.
If you can wait, give it time. The market will swing again...
Now that financing is not as good, especially since the beginning of the year usually don't offer many incentives for new cars, used car prices have increased.
If you can wait, give it time. The market will swing again...
Lexus Champion
Joined: Jun 2008
Posts: 3,054
Likes: 3
From: Alberta
In that mid-range price point you might view the prices as high, but as the prices increase it is incredible to see the depreciation. It is amazing what you can pick up some of the Porsche/MB/BMW, etc. right now.
Might have to come for a visit S when I get to car shopping this spring.
Lexus Test Driver
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From: CA
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From: tech capital
That and the ridiculously high inventory's across the country for true luxury/perfomance cars.
In that mid-range price point you might view the prices as high, but as the prices increase it is incredible to see the depreciation. It is amazing what you can pick up some of the Porsche/MB/BMW, etc. right now.
Might have to come for a visit S when I get to car shopping this spring.
In that mid-range price point you might view the prices as high, but as the prices increase it is incredible to see the depreciation. It is amazing what you can pick up some of the Porsche/MB/BMW, etc. right now.
Might have to come for a visit S when I get to car shopping this spring.
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