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Originally Posted by chassis
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The market sucks for buyers right now as Im finding out.
I sold my 08 4runner last month as it was time for a new car with more space. I was able to sell it for a ridiculously high price IMO in 6 hours on the market. Guess I could have gotten more.
Since that time I have been trying to negotiate a deal on a replacement vehicle and the dealers just are not budging much on used luxury SUV prices. Seems like they would rather just sit on the inventory.
The banks are part of the problem as they are essentially blocking any rational person from financing a used car from a private party by inflating interest rates. I can go to BMW and secure .9 on a used car but the lowest private party purchase rates out there are around 5% (lightstream min rate).