Calculating Used Vehicle pricing.....
I saw this posted in another thread by ard. can anyone confirm that this is a real starting point? I am looking to pull the trigger on one this week and want to use this for making my offer.
"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.