About 10 years ago, we purchased our current European car at about 60% of the window stick price. The one year old car had about 9000 miles on it.
Since it is getting harder to get in and out of the car, we are looking to get a mid size SUV.
To my surprise, those about 1 year old with less than 10K mile cars are all at MSRP or slightly lower. The old saying that you lose 10% of the value the minute you drove the car out of the dealer parking does not seem to apply now.
We saw a certified BMW X5 xDrive 40i with M package and about 6000 miles at merely $2000 below sticker price. It was sold within 24 hours.
I know there were a period that there is relatively low inventory due to the lack of chips. What is the reason for current high used car price? If we wait 6 months, do you think the price could go down? Many on YouTube are saying the used car market is crashing. I don't see it.
Since it is getting harder to get in and out of the car, we are looking to get a mid size SUV.
To my surprise, those about 1 year old with less than 10K mile cars are all at MSRP or slightly lower. The old saying that you lose 10% of the value the minute you drove the car out of the dealer parking does not seem to apply now.
We saw a certified BMW X5 xDrive 40i with M package and about 6000 miles at merely $2000 below sticker price. It was sold within 24 hours.
I know there were a period that there is relatively low inventory due to the lack of chips. What is the reason for current high used car price? If we wait 6 months, do you think the price could go down? Many on YouTube are saying the used car market is crashing. I don't see it.
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