Originally posted by 98CoupeV6
a 20% hit? Why is there a used S2000 with 5,000 miles sitting in a local Mercedes dealership for $31,000 then? Same with the RSX's with low miles. Only like $1000 under MSRP of a new one.
that is a totally different situation.... Trade-in value is always way less than what that dealer is going to turn around and sell it for.... Whoever traded in that S2000 did not get $31k trade in $..... thats for sure.
Trade-In value for a 2002 S2000 with 5k miles is around $24,625. Retail value(what the dealer charges) for that exact same car is $32,425. See the difference??? So if that guy trades in his 2003 Accord, he is gonna end up paying some $ to make up the difference between the used Accord Trade in value the dealer offers, and what the cost of the New accord.... the value of a new car drops tremendously for the first owner, its ridiculous.