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#3249749 - 01/15/14 10:07 PM used car price so high
ram_man Offline


Registered: 03/15/13
Posts: 1690
Loc: southern mo
What is the reasoning behind 15 year old cars being 4000-5000 toyota camrys come to mind. Whats up with these used prices? Am I crazy or are the prices going up?
_________________________
02 Saturn sl 131,000 miles
95 Dodge ram 1500 5.9l 183,000 miles



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#3249755 - 01/15/14 10:12 PM Re: used car price so high [Re: ram_man]
SuperDave456 Offline


Registered: 10/29/08
Posts: 2255
Loc: Dallas, Texas
Where have you been for the past 6 years?

The economy is in the tank, the average age of a car is 12 years old, the oldest it has ever been in 50 years of statistics, and everything has skyrocketed.

Please notice how a BMW 325i and a Ford Taurus now cost the the same amount?

There are no economy cars left. Just used with a crazy price, and new for your first born.

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#3249761 - 01/15/14 10:16 PM Re: used car price so high [Re: SuperDave456]
daves87rs Offline


Registered: 02/23/09
Posts: 13530
Loc: Michigan
Originally Posted By: SuperDave456
Where have you been for the past 6 years?

The economy is in the tank, the average age of a car is 12 years old, the oldest it has ever been in 50 years of statistics, and everything has skyrocketed.

Please notice how a BMW 325i and a Ford Taurus now cost the the same amount?

There are no economy cars left. Just used with a crazy price, and new for your first born.



Pretty much!
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#3249772 - 01/15/14 10:22 PM Re: used car price so high [Re: ram_man]
DC44 Offline


Registered: 06/22/10
Posts: 122
Loc: Memphis, TN
That's just the way it is at this point. You have to hunt to find anything under 5k that is worth it.

When I was car shopping back in 2012, just for kicks, I looked to see what my 95 buick park avenue would cost compared to when I bought it in 2006, which was around $3000. It was the same price as it was in 2006.This car had the same features and same mileage at which I had bought my car. Food for thought. At that moment I accepted the fact that used cars are not the same value as the once were. On the bright side you should be able to get 200k from just about any car now days and they're a safer than the past.
_________________________
1995 Buick Park Avenue - 207k
Current Fill:Havoline Deposit Shield 5w-30
2009 Toyota Camry SE
Current Fill:Havoline 5w-20

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#3249774 - 01/15/14 10:24 PM Re: used car price so high [Re: ram_man]
ram_man Offline


Registered: 03/15/13
Posts: 1690
Loc: southern mo
Well I knew it has gone up but it has progressively gotten worse and worse......
_________________________
02 Saturn sl 131,000 miles
95 Dodge ram 1500 5.9l 183,000 miles



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#3249786 - 01/15/14 10:37 PM Re: used car price so high [Re: ram_man]
KB2008X Offline


Registered: 06/21/12
Posts: 509
Loc: St. Louis, MO.
The Main Street economy is still pretty much just treading water at this point, versus the Wall Street economy which has improved considerably the last few years. Once the Main St. gets going and maintains it for a few years the average consumer will be more confident and new car sales will take off like a rocket. Then we'll see a return of "normal" used car prices relative to new car. I hope.
_________________________
04 Town Car 4.6 5w20 FL820S
92 Ram D150 3.9 10w30 MO-090
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above on TropArtic Synthetic Blend
10 Toyota Camry - undecided

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#3249787 - 01/15/14 10:37 PM Re: used car price so high [Re: ram_man]
JHZR2 Offline



Registered: 12/14/02
Posts: 33786
Loc: New Jersey
Has it gotten worse and worse, or are cars all fancier and more appointed now, so they command higher prices. They cost more to begin with, so they cost more in the secondary market. Its not like you can find many manual, crank window loss leader cars anymore...

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#3249804 - 01/15/14 10:56 PM Re: used car price so high [Re: JHZR2]
ram_man Offline


Registered: 03/15/13
Posts: 1690
Loc: southern mo
Originally Posted By: JHZR2
Has it gotten worse and worse, or are cars all fancier and more appointed now, so they command higher prices. They cost more to begin with, so they cost more in the secondary market. Its not like you can find many manual, crank window loss leader cars anymore...


thats a good perspective but in 2009I bought a 97 protege base model 155,000 miles for 1250 today that same car is 1600-1800 in clean shape. Thats crazy.
_________________________
02 Saturn sl 131,000 miles
95 Dodge ram 1500 5.9l 183,000 miles



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#3249816 - 01/15/14 11:04 PM Re: used car price so high [Re: ram_man]
mrsilv04 Offline


Registered: 12/08/06
Posts: 6456
Loc: Illinois
Originally Posted By: ram_man
Well I knew it has gone up but it has progressively gotten worse and worse......


The Cash for Clunkers program started it...
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President of the Illinois chapter of 'Motorcyclists for Global Warming'.

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#3249823 - 01/15/14 11:11 PM Re: used car price so high [Re: ram_man]
SuzukiGoat Offline


Registered: 02/04/13
Posts: 389
Loc: Louisiana
You have to be willing to travel.

Bought mine one state away...bought the wife's 1200 miles away.

If you know how to hunt searchtempest and spot the vehicles that are priced well below their value you can get deals.

Honestly, you can buy newer used cars for cheaper. Depreciation is insane on new cars. A loaded two year old Lexus for the price of a new corolla. Or an 80k $ luxury car with 20k miles on it for 25 grand.

I've got my next three car purchases already mapped outnumber. All used... all priced at a third of retail.

ID never buy a regular vehicle from carmax...but their high end luxury models are ridiculously cheap.

Its all in what you're after.
_________________________
1995 Suzuki Sidekick Auto 4x4 on 33s. Low mileage motor in 200k body. Denso with M1 0w40.

1996 Geo Tracker Auto 4x4 Denso VNG 10w30. 120k.

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#3249830 - 01/15/14 11:19 PM Re: used car price so high [Re: ram_man]
Nick1994 Online   content


Registered: 02/19/13
Posts: 1257
Loc: Phoenix, AZ
Hmmm. Not sure where you're looking but I got a pretty clean 16 year old Toyota Camry 2 months ago for $1,700. Most are at the low $2000 range but I talked the guy down a little bit
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2004 VW Beetle TDI 161k
(Yeah it's a chick car but it gets me 40 mpg)

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#3249836 - 01/15/14 11:27 PM Re: used car price so high [Re: Nick1994]
ram_man Offline


Registered: 03/15/13
Posts: 1690
Loc: southern mo
Originally Posted By: Nick1994
Hmmm. Not sure where you're looking but I got a pretty clean 16 year old Toyota Camry 2 months ago for $1,700. Most are at the low $2000 range but I talked the guy down a little bit


this body style only it was a 2000 144,000 for 4950.
_________________________
02 Saturn sl 131,000 miles
95 Dodge ram 1500 5.9l 183,000 miles



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#3249839 - 01/15/14 11:32 PM Re: used car price so high [Re: ram_man]
Nick1994 Online   content


Registered: 02/19/13
Posts: 1257
Loc: Phoenix, AZ
Originally Posted By: ram_man
Originally Posted By: Nick1994
Hmmm. Not sure where you're looking but I got a pretty clean 16 year old Toyota Camry 2 months ago for $1,700. Most are at the low $2000 range but I talked the guy down a little bit


this body style only it was a 2000 144,000 for 4950.


Probably a dealership? They tend to be really proud with the prices they have, but hey they gotta make a buck.


Edited by Nick1994 (01/15/14 11:33 PM)
_________________________
2004 VW Beetle TDI 161k
(Yeah it's a chick car but it gets me 40 mpg)

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#3249841 - 01/15/14 11:42 PM Re: used car price so high [Re: mrsilv04]
DC44 Offline


Registered: 06/22/10
Posts: 122
Loc: Memphis, TN
Originally Posted By: mrsilv04
The Cash for Clunkers program started it...


Why do people blame cash for clunkers as the cause of the price rise in the used car market. I would say the top ten cars traded in on cash for clunkers were not cars that were purchased in huge numbers in the used car market. I would say it has more to do with the economy and reliability of cars now. 100k in not high mileage anymore. A new car will cost 25-30k financed. They can charge 15k for a car that should be 12k in reality. People will buy because they can't afford the cost of a new car but need something halfway reliable. For the most par America is a very car dependent country. You just can do to well without one.

I feel sorry for the people that are in bad financial situations now because the are stuck in positions were the have to pick their poison and are forced to make not so great financial decisions. Do I purchase a car I can barely afford but it reliable or do I buy a beater. I don't have the money to purchase a car for cash, let alone have the time to save for it because I really need a car. If I choose a beater, will I have to: throw money at it, play 'when are you going to screw me', possibly miss work, loose money, put my job in jeopardy and be back were I started.
_________________________
1995 Buick Park Avenue - 207k
Current Fill:Havoline Deposit Shield 5w-30
2009 Toyota Camry SE
Current Fill:Havoline 5w-20

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#3249844 - 01/15/14 11:44 PM Re: used car price so high [Re: Nick1994]
ram_man Offline


Registered: 03/15/13
Posts: 1690
Loc: southern mo
Originally Posted By: Nick1994
Originally Posted By: ram_man
Originally Posted By: Nick1994
Hmmm. Not sure where you're looking but I got a pretty clean 16 year old Toyota Camry 2 months ago for $1,700. Most are at the low $2000 range but I talked the guy down a little bit


this body style only it was a 2000 144,000 for 4950.


Probably a dealership? They tend to be really proud with the prices they have, but hey they gotta make a buck.


no private party
_________________________
02 Saturn sl 131,000 miles
95 Dodge ram 1500 5.9l 183,000 miles



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