I'm about to buy a car...DO TELL ME THIS TIDBIT!!

[Cheesypuff]

so...I'm pricing things ALL over the internet ebay, carmax, kellybluebook, etc etc etc.

anyways...why is it when I price a toyota corolla @ new, the price is LOWER then when I price it as USED with 7000 miles, SAME CAR MIND YOU!!! WHAT THE HECK!??! I know I quit my math major...but something isn't adding up!!!

[Butch]

PFFT . . . how can the SAME car be both new and used with 7,000 miles on it? I think quitting your math major isn't the least of your problems! :P

Hmmm . . . by chance, did the used car ever belong to Jon Voight?? :bash:

OK, I know I'm absolutely no help :)

[Cheesypuff]

lol....yeah...get...help...lolol

j/k....sorry...when I said same car...I meant same make and model...not same as in identical

[OremuS]

I ran into a similar thing last year when I was bought my new Accord, however the price was not lower...it was close though. I was looking at a used 03' Accord that has 30k miles on it and an 04' Accord that was new. I ended up buying the new one, but it was less than $1k more than the used one. It just all depends on how different dealers have things priced and how well you negotiate when you are ready to buy. Good luck.

[CynJon]

My experience has been that both KBB and Edmunds values are significantly inflated.

[doolittle]

the accessories that it comes with can make a huge difference in the price, you can easily get 10,000 in add-on features, like stereo and engine size Ect. also dealer sales and current values also make a difference, also financing price vs. cash price can also add-on what someone actually paid for their car new.

[ribitch]

the same is happening with the 2005 stangs. I drove one that had over 10k miles on it and they wanted $3000 over MSRP!!! I live in detroit too, so barely anyone here pays MSRP on a domestic vehicle, so it was like $6-7K over what a detroiter would typically pay for one

[WhiskeyPapa]

Same thing with the Scion xB. I'm looking at them, and they are the same price used as new.

That typically happens when there is a huge demand for the make and model as a used vehicle. You'd be surprised how many people will only consider used, and don't bother checking the new price. So they get screwed and don't even realize it.

Basically it means the market is not good to buy that model used. I'd just hold off for six months and look again. Things might settle down.

[Grubbie]

I also think with the Scion's is that they come at the lowest price and most peope put a couple grand in addons into them. I know wheni have gone to price out their tc i think, I end up adding almost 5k in addons to it.

[WhiskeyPapa]

I guess it depends on what you want in a vehicle. When I was pricing a new xB, I couldn't find a single add-on I would pay money for. A/C is included in the base price, and I didn't want any of the useless stuff.