mel23
Looking into buying a 2009 325i. I see some range from 18-25k. How often do they drop in prices? Would I see more of a decline by the end of year? I'm clueless about how that works. Is it better to buy at end of yr?
I ment 328i
Answer
Car values theoretically change every quarter (3 months), when the new Kelly Blue Book and NADA guides are published. In addition, mileage is always considered. More miles=lower resale. There is no set time for a large drop in value on any used car. On a new car, waiting until the end of the model year (NOT the calendar year) may result in some rebates/incentive financing being offered by the manufacturer, but on a used car, there is no such thing.
"It's better to buy towards the end of the month when the car hasn't been sold for a while. That will make price negotiations easier."
No, it won't. The dealer paid a certain amount for any car on the lot, and will expect to make a certain amount of profit. Nothing you do is going to change that. Forget related myths such as "They will take a loss to make their quota" and "They can take a loss, and get the next guy", as they are completely untrue as well. Keep in mind that the average used vehicle sits on the lot for 30-45 days. If it hasn't sold, the dealer will usually sell it at an auction, making a minimal profit
"Also, towards the end of the year is a good time to buy a used car. Luxury car prices drop about $5k a year until they hit a certain point and slow down."
Again, this is false. If prices change quarterly, why would they "drop $5,000" after any specific date?
"So yes, it's best to buy during December."
No, it's not...
If you can't afford the car you want now, keep looking, maybe you'll find a deal. Maybe you need to look at less vehicle. At worst, wait a year or two until the car you want is a bit more affordable.
Sorry it's not what you wanted to hear.
Car values theoretically change every quarter (3 months), when the new Kelly Blue Book and NADA guides are published. In addition, mileage is always considered. More miles=lower resale. There is no set time for a large drop in value on any used car. On a new car, waiting until the end of the model year (NOT the calendar year) may result in some rebates/incentive financing being offered by the manufacturer, but on a used car, there is no such thing.
"It's better to buy towards the end of the month when the car hasn't been sold for a while. That will make price negotiations easier."
No, it won't. The dealer paid a certain amount for any car on the lot, and will expect to make a certain amount of profit. Nothing you do is going to change that. Forget related myths such as "They will take a loss to make their quota" and "They can take a loss, and get the next guy", as they are completely untrue as well. Keep in mind that the average used vehicle sits on the lot for 30-45 days. If it hasn't sold, the dealer will usually sell it at an auction, making a minimal profit
"Also, towards the end of the year is a good time to buy a used car. Luxury car prices drop about $5k a year until they hit a certain point and slow down."
Again, this is false. If prices change quarterly, why would they "drop $5,000" after any specific date?
"So yes, it's best to buy during December."
No, it's not...
If you can't afford the car you want now, keep looking, maybe you'll find a deal. Maybe you need to look at less vehicle. At worst, wait a year or two until the car you want is a bit more affordable.
Sorry it's not what you wanted to hear.
why are manual transmission mercedes benz cars have such low resale value?
Pikachu <3
are benz known to have some sort of bad manual transmission reputation? do they go bad quickly? or is it just the fact that since benz is a luxury line anything that isn't automatic has lower demand and lower standards? explanation please?
overdrive/vvt usually doesn't kick in until higher rpms
one recognizable car brand name that has intelligence on overdrive in the lows is honda's i-vtec but thats probably it...maybe toyota as well.
Answer
Benz' are considered luxury vehicles and a strong majority of owners want an automatic transmission. Having a standard limits the potential buyers that will be interested in buying your car.
On the flipside of that, if someone wants a standard Benz, they will look for one & keep searching until they find it.
Benz' are considered luxury vehicles and a strong majority of owners want an automatic transmission. Having a standard limits the potential buyers that will be interested in buying your car.
On the flipside of that, if someone wants a standard Benz, they will look for one & keep searching until they find it.
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