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Used Car Prices
Posted: Fri Dec 10, 2010 9:48 am
by jake75
Kiplinger says strong used car prices up about 10% will help states by increasing sales tax on sales, and personal property taxes in 30 states that assess such taxes on cars. Interesting side note - dealers will be happy as well, since gross profit margins on used cars are three times as great as on new cars. I think they are actually more than 3x.
Re: Used Car Prices (jake75)
Posted: Fri Dec 10, 2010 10:05 am
by TONY TAT2
7% Here on whatever I buy.
Re: Used Car Prices (TONY TAT2)
Posted: Fri Dec 10, 2010 11:32 am
by tpollauf
It's not bad here in NW Ohio .... YET 6.5% in Wood County (Bowling Green) and 6.75% in Lucas County (Toledo). As far as used car prices in general, I think they are higher now than they have been in a while. Hell I still couldn't buy my exact Vibe today for LESS than what I paid for it! Shocking but true Thanks mainly to the 4630 GM dollars I was able to use