Forum Discussion
patperry2766
Jul 05, 2013Explorer II
Alot of miles for only being 9 months old. Go to KBB.com with a complete list of upgraded options that the truck has on it. Price the truck as though you were going to be trading it in and figure good condition. Since it's so new, they probably havent had the need to put alot of money into fixing stuff since it's still under warranty.
At one time, this was a pretty reliable way to figure out what a dealership had moneywise in a used car. However, since 2008 with the economy in the crapper, alot of people have been keeping their cars longer so there were less being traded in. Dealers were being forced to put alot more $$ into a trade because to have good used inventory, so the used car market has been way out of whack for the last few years.
With people starting to crack open their wallets now, the prices of the used cars should start going within the next year or so, but with the govt. threating to stop spending so much money keeping the economy propped up, I think interest rates are going to start rising as well within the next year of so.
At one time, this was a pretty reliable way to figure out what a dealership had moneywise in a used car. However, since 2008 with the economy in the crapper, alot of people have been keeping their cars longer so there were less being traded in. Dealers were being forced to put alot more $$ into a trade because to have good used inventory, so the used car market has been way out of whack for the last few years.
With people starting to crack open their wallets now, the prices of the used cars should start going within the next year or so, but with the govt. threating to stop spending so much money keeping the economy propped up, I think interest rates are going to start rising as well within the next year of so.
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