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Reply to "Carvana wants to give me $29K for my Subaru that I paid $30K two years ago"
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[quote=Anonymous][quote=Anonymous]I traded in my 2017 car for a 5k bump over what it was worth just a year ago. Traded it in for new Jeep Wrangler and negotiated for it like old school and got a fair price at Ourisman. There seem to be plenty of Jeeps on lots. Don’t pay over invoice at all. [/quote] The market now is very different than it was a year ago. There is a car shortage now (due to the microchip shortage), which there wasn’t last year. Dealers are charging MSRP if you’re lucky. The majority of them are charging a “market value adjustment”, which is several thousand over MSRP. That’s why there’s such a demand for used cars. Sure you’ll get a great price on your used car, but you’re also going to be paying more for a new car than you would have in the past. It’s a sellers market right now. [/quote]
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