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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] Just took a look - the prices are pretty similar for 7-year old X5 and Rav4. To be fair, one of these is a brand notorious for getting very expensive when the warranty runs out with an associated decrease in resale value. The other is one of the most in demand models on the market with a strong reputation for reliability and long life. My kid drives whichever car is available, usually the 19 year old Honda hatchback. It's fine. [/quote]
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