Why are cars with nearly identical options/miles, etc. Valued with drastically different values? Are cars at dealerships valued higher than those being sold by private parties?
I have a car for sale, at the current price it's a "fair" deal only $685 below
market value. However a dealership in town has a nearly identical vehicle
(same year, trim level, engine, color) and the dealer car has 2,000 MORE miles
than mine. Yet the dealer car is a "good" value at $2,000 below market
despite the fact that it has more miles than mine and is priced $1,000 higher
than mine. What the heck is going on!?
My quess: dealer price is always higher than a private sale price. Dealers may offer pre sale inspection, warranty, etc.
Dale's answer is good, dealers are a business and usually have a lot more invested in their vehicle's than individuals do. Can't really compare.
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