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Used car prices?

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Author	Topic: Used car prices?
Daryl Prowler Junkie Posts: 172 From: Pittsburgh, PA, USA Registered: SEP 2000	posted 11-25-2001 12:45 PM I've been looking for a new used car for some time now. I just don't understand how the used car prices are determined? For example, the Lexus dealer had a 2000 Jag S tyep 4.0 with 5000 miles for $38,000. That car, new, is over $50k. Yet the BMW dealer had a 1998 540i with 45k miles, and wanted $38,000. Again, that car was over $50k new. Why is one $50,000 car worth more than another $50000 car? Considering the cars are in equal condition, why is the BMW the same price is as the Jag? I just don't understand. You can do the same comparison between a Cadillac STS and a Lexus GS300/400. You can spend $45k new on either one, but you'll be able to buy a used STS much cheaper than a comparable GS. I'd love to buy a Lexus, BMW, or Mercedes, but the used car marker makes Cadillac, Lincoln, Jaguar, Infiniti, Saab, and Volvo look like MUCH better buys. I'd appreciate any input on the subject.
ALLEY CAT Prowler Junkie Posts: 36093 From: Mesa, Az Registered: JUL 2000	posted 11-25-2001 12:59 PM Daryl - Used car prices are somewhat determined by the area of the country you live, the condition and miles, the present demand for a paticular model, color of that model, what the dealer had to 'put' into that model to trade for it, and how that model sold in terms of new units sold when they were new. If a new model doesn't sell well retail wise, it stands to reason that it may not sell well as a used car. The most important thing to remember when looking at the value of any car, is that it is worth what it will bring in CASH,,,,,,,,,,,,TODAY. ------------------ Call 911 - there is a Prowler in my garage.... Arizona - Home of the 2001 World Champions - Arizona Diamondbacks

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