Quote:
Originally Posted by pointman
I fully understand. I also stated to the dealers I am realistic about the value of my current vehicle changing once its time to take delivery. However, I was asking for an estimate for a rough idea. I made it clear I didn't want to waste anyones time, including my own. Hearing that my vehicle lost 12kk in value versus $5k is an immediate deal breaker.
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For sure I wouldn't want to do a deal either unless I had somewhat of an idea on all aspects.
Honestly, based on when I bought my own 16 4Runner last month and having studied the market values and auction values, 4Runner values have been steadily climbing. Used cars in general have been creeping up, but 4runners moreso. This should be great for us owner's looking to sell or trade.
But that also makes us dealers nervous to buy inventory right now because they're just outright expensive, the book values haven't caught up to the wholesale values making it more difficult to get some of these cars financed, but most importantly they're waiting for the other shoe to drop and the market to "crash".
My store is buying cars at half capacity because we're afraid of what's to come with the continued rising Covid cases and the election.
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