You can do that, but that means nothing because thats not how the market works. A car is worth what buyers will pay for it.

Clearly never taken a business course...the market does no such thing.

 

I see a grain of truth to what you're saying, and it doesn't conflict with the old adage, "a car is worth what a buyer is willing to pay." From what you are postulating...If you have a cream puff, and you find a buyer looking for your model in cream puff condition, then in this instance, you may get more than the KBB price. Beyond that, however, your premise doesn't apply to the broad market.

Most people selling a car to the public are looking to be done with it ASAP, so they price it slightly above it's private party, KBB value, and then are willing to come down, if need be, depending on the interest generated. However, generally, most people simply "trade-in" because they want to drive in their old car and drive out their new car, with minimal effort. But the money left on the table can be thousands, so I prefer to sell my vehicles privately. It's not that difficult!

 

Also if you get a new car every few years, there’s the sales tax issue.

 

You can list a car for sale for whatever you want, but if you list it more than the market will bear it’s unlikely you will find a buyer. meaning, it’s a huge waste of time and energy.

 

Yes they will lol! I'm not paying you 2x for the same car no matter how you maintained it since it will NEVER cost me that much to repair anything on an otherwise identical mile/year/options car that is following normal prices.

Modern cars hold up so well that a 40k mile car is practically new, I have no reason to buy one with perfect/extra maintenance when it's not needed. I usually try and buy just outside of the first major interval (aka when the services are actually needed) since I can get the most possible amount of car for the least money with the least risk.

That's why I have what I have, the only exception is the Sequoia since it was a forever purchase. That one was bought new with every option possible with the expectation of never getting a return/resale win. It will never leave so I don't care that I "overpaid" for it and funny enough it's still worth way more than I thought it would be....

 

Damnit Striker, pay the man. Stop being so cheap. Show him the money!

 

Nah. I got a dealer down 33% on my W12 and 42% on my LS460. I seriously dislike paying asking price.....I will use any and all tactics to get a car at the price I want!

 

I have no problem paying the asking price as long as its a good deal

 

Because a new model year comes out every year?

 

Don't really like the new models.

 

You're that nightmare buyer that comes with the cashiers check that's 50 percent less than what we negotiated earlier that day I bet . At my age, haggling over price burns too much energy. Also, my next two anticipated car purchases will not be used cars, but new (a Model 3P this summer, and a replacement for my Sienna in the next 2 to 3 years). I'm hoping Tesla's price cuts stick throughout this year. If I were to buy a used car, it would most likely be a Lexus

 

Worse. I send 3-6 people in to express interest than have them string the dealer along before I go in to "finally" buy the car lol!

I also do the usual tactics and like to target domestic dealers who are scared of these cars and don't have the customer base to buy them.

 

I don't even look at them -unless for fun- cuz I'm not paying those prices anyway, they've lost their dam minds. lol

Wassup fastturtle, that makes a big difference in depreciation when the model is drastically updated like say from my Gen 2 RX330 to a Gen 3 RX350, when they were new of course.
People want to pay less for the older generations and that can be seen in a bigger depreciation between gen's


Give him hell Amirza. haha j/k
I had someone show up one time wanting to pay with part cash and part "out of state check" already made out for the difference.
Yeah, like I'm gonna trust someone not to do a stop payment on it as soon as he pulls out my driveway, try again buddy. lol



Don't they do that to us -the customers- all the time???

Me: "can you do better on the price?"
Dealer: "can't go lower and it won't last at this price cuz have many calls about the car today and have a guy on his way right now to drive it."

 

What you personally like or dislike has no bearing on how the free market values vehicles

 

I mean fair is fair right? The tactics go both ways and I'm not paying any more than I need to to get what I want. I'm waiting on an opening on a 2nd gen R8 V10 during this coming market crash, I have the cash set aside already but if I can get one at the absolute low I'll be very pleased.