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November 18, 2005
Used Cars for Me
I've been thinking about getting a nice used car instead of a new one, allowing me to find something that will retain most of it's resale value, so I can sell it later. But then I heard about the Chevy SSR. The SSR starts at $39,990. But you can buy them used in the mid to high twenties, often with very few miles on them. Korum Ford, for example, has a used SSR for $28K, with only 4000 miles on it.
I started wondering what other cars have horrible resale value. I'll keep you updated, but so far I've found that the Jaguar S-Type doesn't always retain it's value for some reason. The beautiful S-Type starts at $45K. Here's a 2005 with 17K miles on it for $25K. Older and wiser vehicles can be had for less. It might be a good idea to find a car that was purchased, lost a ton of resale value overnight, and then sold. That's how my mom got such a nice van for a steal... the guy bought it and then decided he wanted a Jaguar instead. So you have a nearly new car for a lot less. Hmmmm.... I'll see what else there is out there.
Posted by March at November 18, 2005 12:31 AM