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So this question came up when I was talking to a friend. Where do you draw the line when it comes to MSRP numbers and used cars. As in say I brought a new S-Class for $120,000. I drive a “$120,000” car. This is a $120,000 car. “Look at my $120,000 car” etc.
Since they depreciate so hard within the first couple of years, can you still logically say you own a “$120,000” car even if you paid like $60,000 on a 4 year old model?
I see 2 ways this could go. I paid $60k, the car is still as nice as a new $120k s class, thus I “have a $120k car”
The other way I see it, is like a older S class for $10,000. Can you still say it’s a $100k car when it’s old and only cost $10k?
Just curious on the logic behind it.
The MSRP on a used car is of little interest to a buyer. The NADA prices are most effective when buying used and also the carfax report.
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Not sure if this is accurate. It seems as if they determine deprciation to MSRP. Most of the those cars didn't sell for sticker.
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