How can the instant market value of a used car be higher than the original MSRP
I have been looking for a Mustang for my son for a few months. There have been several times that I thought I had found a great deal. But when I looked up the original window sticker by the VIN, the advertised price was very close to the original MSRP. The instant market value was grossly inflated. There should be a way to factor in the original MSRP value for used cars that are only a few years old.
It would be nice, but your finding out that it doesn't pay to purchase a used car only 1-2 years old. Buying new with a warranty at cost is better. The dealers mark them up dramatically. The asking price is a starting point, as you can talk them down. I always wait at least 5 years till I would consider purchasing a used car. The IMV that is listed on this site is based on a avg. of asking prices of a certain vehicle, hence the higher price.
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