Is location the greatest factor in determining value of an auto?

Asked by Apr 05, 2012 at 06:23 PM about the 2005 Cadillac XLR 2 Dr STD Convertible

Question type: Shopping & Pricing

Mileage seems irrevelant when you guys determine whether a deal is fair or not!!

2 Answers

13,335

There are many factors in determining value of a car. Location, mileage, condition, make of car, year of car, color of car, the way the car is advertised. This is not a complete list, and certain aspects of the car mean different things to different people. One person might be looking for a certain make and one person might be looking strictly at mileage. Mileage is a very complicated factor in determining value of car. Some cars at 50,000 miles are wore out and have low value. You can take that same make of car that is owned by another that took very good care of it and the values can be on opposite ends of the spectrum. I have a Chrysler 300 2001 with 225,000 miles if I put this car into online sites across the country the value varies from $1800 up to $3800.

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1,025

We have people in Buffalo that drive cars only in the sunshine, and always have them garaged when its not. Weather is your decision. Anyone who has bought an XLR new paid good money and probably have a garage, if not a heated one. Consider recall and repair history. Mileage is very critical on those cars, the less the better, but it's hard to tell who's really beat the crap out of it. Repair costs on these is extremely costly, so leave no stone unturned in your due diligence process.

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