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Used car pricing
This surely can’t go on being this crazy.
I mostly lease. We have multiple vehicles and I rarely keep a car the full 3 years.
We can argue the economics till the cows come home, but it is what it is.
So I leased a VW 2 years and 10 months ago. Paid 33.5k including taxes - 31 and change before tax on a car that was 34k MSRP.
Traded it yesterday for 26.5k on a new SUV off the lot.
So I drove (or more accurately the wife drove) a new car for almost 3 years for 7k. Didn’t pay a cent for consumables other than washer fluid and all the servicing was included.
I’m still in shock. Why would anyone buy a used car in the current market?
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