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Reply to "Would you give your child this car?"
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[quote=Anonymous][quote=Anonymous][quote]Same question - my 7 year old RAV is worth ~$17k according to KBB. I think OP's understanding of her car as new and nice is deeply skewed if it's worth less than $5k. [/quote] This is very hard to believe. I have a seven year old BMW X5 that I just ran through car max and my offer was $12k. Kelley Blue Book has it at about $14k for a private sale. My car is semi-loaded with no accidents, very good condition and original owner.[/quote] Not that hard to believe. Carmax is trade in value, private sale is higher. The 17k RAV4 might be retail value. Plus neither of you indicated mileage. Add the fact that used car pricing is very predicated on demand and some people might prefer 7yo RAV over a BMW X5 (I might as RAV is probably much cheaper to maintain). Not that hard to believe. [/quote]
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