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      09-15-2020, 06:46 PM   #225
Second Lieutenant

Drives: 20' 330i & RX 350
Join Date: Aug 2020
Location: SF Bay Area

iTrader: (0)

Originally Posted by _g_cypher_ View Post
Depends on the type and brand. High ends have a high depreciation rate and used ones aren't selling well because people want the next new model and not a used one. Underwriters are also throwing a huge wrench into things by not financing anything over 5 yrs. old.

Annnd. You have to remember that there is pent up demand from all of the uncertainty back in March which scared dealers from buying inventory at auction to remarket. I took advantage of this and sold my Used car for what I could have gotten two years ago and leased a BMW at an employee rate. By that, I mean Honda Accord money.

If their will be a collapse, it will be in the new car market. Used cars are always seen as a better value in uncertain times, unless you are certain your getting a better deal on new(usually only happens in the compact market).