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re: Does car depreciation not exist anymore?
Posted on 5/24/24 at 11:07 am to WaydownSouth
Posted on 5/24/24 at 11:07 am to WaydownSouth
Shopping for a minivan and saw a '23 Carnival on dealer site. Clicked and saw it was listed for only $3k below new price for a comparable '24 (after incentives) and nearly 50k miles. (I'm doubt they'll get that but why even list at that price? In a month or 2-3 it will be 2 model years old I'd expect them to be motivated to turn it.) Is it a ploy to convince new buyers that their purchase will retain value or even appreciate?
It's weird to me that we have more data as consumers than ever but enough people are out there just blindly buying it seems. Are they able to get higher credit risk buyers into these cars but not new somehow?
It's weird to me that we have more data as consumers than ever but enough people are out there just blindly buying it seems. Are they able to get higher credit risk buyers into these cars but not new somehow?
Posted on 5/24/24 at 11:42 am to TorchtheFlyingTiger
quote:
Shopping for a minivan and saw a '23 Carnival on dealer site. Clicked and saw it was listed for only $3k below new price for a comparable '24 (after incentives) and nearly 50k miles. (I'm doubt they'll get that but why even list at that price? In a month or 2-3 it will be 2 model years old I'd expect them to be motivated to turn it.) Is it a ploy to convince new buyers that their purchase will retain value or even appreciate?
Dealer might have already tacked on 2-3k more in “add-ons” on the new one, often isn’t reflected in prices they post online. Lo Jack, tint, etc.
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