How much does the price go down each year on a vehicle with average mileage
I bought a 2008 Suzuki Grand Vitara almost a year ago and pricing can be
painful when comparison vehicles are 65% of what I paid. During the new car
sales events there are so many trade ins to compete with. Holding on until
summer might for the right price or let it go and take advantage of the flooded
A Suzuki will go down more than other cars and if you bought it from a dealer you paid a higher price than a private sale so keep that in mind.
Depends on what you have and what's in demand. Some vehicles hold their value more than others because they're desirable. Less desirable vehicles do not. The best time to buy a new vehicle is at the end of the model year. September through December. On the previous model year. For example I bought my '93 Chevy Caprice in October of 1993. The '94 models had been out a few months and the remaining '93s that were still on the lot the dealer wanted to get rid of. Sticker price on the Caprice was $20,150. After all was said and done I paid $16,100 for the car. Including the $3500 they gave me for the '68 Cadillac Sedan deVille I was trading in that jumped timing and didn't even run! I did disclose that during the negotiations. The bottom line was that my new car had been on their lot since June and they wanted it sold!! Nineteen years and 125,000 miles later I was offered $200 "for scrap" for the Caprice when I tried trading it in on my '08 Mercury Grand Marquis. But a young fellow at work wanted my "cool old Chevy" so I sold it to him for $500! So, it depends on the market for a trade in. There was no demand for the Caprice at the car dealer so I looked at another market. My Friend from work. So, when buying AND selling, shop around. Find your best marketplace!! HTH. -Jim
If you are concerned about depreciation do your research. Some cars value falls like a rock. Others hardly depreciate at all for a couple of years. Cars that are dependable tend to depreciate less than others that are not so good.
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