As a buyer and seller of cars, here is my opinion.
Cars that cost over 30K are a problem to sell because:
1. Getting a loan on the used car from the bank usually costs more than a new car due to the interest rates. Most people will pay the same monthly on a used car vs a new car straight from the dealer with no KM's on it.
2. Most buyers for that kind of money would like to buy from a dealer, even though its costs more, because they feel more secure if something goes sideways on the car and it turns into a lemon. Plus they get better rates for financing.
3. Guys that have 30k cash sitting around would rather buy a brand new car such as a GTR or any other high end car by putting that 30k down to lower the payment.
So in short, unless someone has the cash or line of credit ready to go, the cars in this price range are hard to move.
R.K.
|