The market is all screwed up right now. Cars and trucks are going for insane amounts. Most dealers are priced out of most auctions. Carmax and Carvana are dominating auctions along with rental car companies.
Dealers have to rely on trade ins to stock their used car lot.
I was looking at making a used purchase... But anything i saw was priced at about 25k, for 100 thousand miles, in at least a 10 year old vehicle.
How about... ? No.
Here's the deal for buyers right now.
There is a full on vehicle shortage, new and used. I could trade my 2016 truck with 60k miles for more than I paid for it new right now.
The only way buying makes sense right now is if you can't wait six+ months OR if you have a trade.
The inflated ass trade price you will get will negate the premium you will pay for the vehicle.
But take your vehicle to carmax, physically, not online, then ask your dealer for a price match on the trade.
The dealer can't afford to pay that and resale the vehicle, but THEY will then sell the vehicle to carmax for your appraised price, so it's a wash for them on the trade.
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