Wednesday, June 07, 2006
car shopping addendum
When we arrived at the dealership, we introduced ourselves to a guy in the parking lot. It turned out to be the sales manager. He looked a little harried and distracted. He told us later on, that he was assessing the value of 4 cars people wanted to trade in. And he knew they were going to be upset. He said that lately, all day long, they just look at trade-ins and they are all SUVs, trucks, and big vehicles and they are all worth, well, not much. It makes the people who want to trade them in, a little upset. He said one guy wanted to trade in a jeep on a more gas efficient car. He owed $25,000 on it. The trade in value was $10,000.
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1 comment:
It isn't just the regular depreciation. Because of the gasoline issue, there just isn't much of a secondary market for these low mpg vehicles. They aren't bringing as much at the dealer auctions because who in their right mind would buy a low mpg vehicle right now? There will always be those who need one because of work or family size but the people who 'need' a large vehicle are few and far between.
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