02' 4Runner SR5
Did I say 160,000 miles?...
To be clear about my point. I think the private party value at "fair condition" is what the trade in value is at " in excellent condition" should
be. The private party seems very high and does not seem to reflect reality in my mind. This makes people have higher than rational expectations when
deciding to sell their car in the private sector.
So they put it up on craigslist or whereever for somewhere near $8,000...ridiculous...especially for a car with 160,000 miles on it. Would never pay
that in a million years. In the meantime a dealership has it up for $10,000 and will probably take $7,800 (at this point, in this market). Wouldnt
pay either of those prices with that kind of mileage... maybe unless it is a corvette...
...good luck with that!
Granted it is one of the better trucks in that (pre-give a crap about gas mileage period) (that coming from being a chevy man my entire life)...but
the 4runner gets excellent gas mileage comparatively and delivers pretty decent tow and offroad capabilities...
But those differences are pretty interesting and it seems for someone trying to buy private party they may as well just go to a
dealership...considering the dealership will not give you the exact KBB amount and will mark it up at least $3-4,000 hoping a dumb consumer walks in
and does not negotiate. Also, what it does is keeps the newer cars at a "reasonable" level in the consumers eyes...well $10,000 for an 02'? Shoot
might as well spring for the extra $16,000 for the new one with bells and whistles...not to mention it is...new and gets better gas mileage...only an
extra $140/ month...no biggy...So what is all this helping to cause? An artificial prop up of the prices of vehicles. **drum roll please** hence the
(deep booming voice) conspiracy
...bum bum bummmmmmmm...
Admittedly, prices have gone down dramatically, but there is plenty more room for correction...
Example: Dad bought a brand new 94' 4x4 Silverado when I was a kid for $24,000...(after interest probably paid closer to $35,000) 16 years prior he
had bought a brand new 4x4 Chevy custom for $4,000! That is almost 6 times (sp?) price hike in less than two decades...not including interest!
Then the dummy bought an 06' diesel 4x4 for somewhere in the vicinity of $47,000 I believe. Never got the entire amount...I think he was too
embarrassed. Great truck, but that kind of money is assenine.
So, anyway, Im posting this thinking Im not the only one with these sort of thoughts...So I will leave it to good ole ATS for opinions...
edit: dang it! I suck at spelling...
[edit on 25-9-2009 by open_eyeballs]