Anonymous wrote: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.
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.