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Old 09-03-2012, 05:52 PM
neo_ny neo_ny is offline
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Location: CT
 
Join Date: Aug 2012
Posts: 34
Mein Auto: 2012 x5 35d, Toyota Camry
Yes I am doing that - the cost basis for all of these cars is coming out to about $58k-$59K and they all have more or less 10k miles on it but no one so far has quoted less than $55k (even on the ones that don't have AD on them). I am a little confused how they are expecting to sell these at these prices when you can order new 2012's for $3-4k more?


Quote:
Originally Posted by ard View Post
You REALLY need to be thinking in terms of "original cost" for each and every car...not "used car asking prices".

For every car you see, calculate the original invoice, tehn take off the ECO credit and add 500. This is the cost basis for the car when new.

Compare that number to the asking. Take off between 50 cents and 1.00 per mile.

THAT should be the target purchase price.

IMO

A
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