Join Date: May 2009
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I'm in disagreement over the percentages they are using.
2 cases in support:
1) I just sold my wife's 2005 Jeep Liberty Limited.
It was bought in late '04 and had 63,000 miles.
It's in good shape as we take care of our vehicles but far from a "cream puff".
We got NADA book of $12,900.00 for it, which is a little better than 48% of the purchase price we paid for it. This is a 4 year old car, so it's actually 1 year older than their data point.
2) My 2007 Dodge Ram 3500.
While checking out car prices the other day, I checked on what my truck has been going for on the open market.
From data I got from both what the used car guys were saying they werer going for and what the trucks were advertised by private owners for, my truck is selling for around $35,000 or about 64% of what the sticker of $54,000 was.
I highly doubt you will see $10,000 2009 RT Challengers or $15,000 2009 SRT8 Jeeps 3 years from now. Make sone wonder what the motivation is behind the people who publish irresponsible "so called info"......