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Reply to "Why are used Toyotas and Hondas so expensive?"
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[quote=Anonymous]For Hondas and Toyotas part of it is due to their lower depreciation, mainly based on their brand name. But in general the used car market prices are a lot higher than it used to be. This was a topic discussed recently on another board that I'm on. Where it's like a combination of higher demand for used cars because people saw it as the financially prudent thing to do during the downturn in the economy. As well as less inventory due to a program like cash for clunkers which took out a lot of potential used cars. One thing to keep in mind is that usually for the used cars, those are just asking prices and you can probably negotiate to get it for a lower price. Especially when you point out how you can get a new one for not much more.[/quote]
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