It's like housing. It works on the same underlying principle: how easy is it to borrow money?
Today, it's far more difficult than it was 2 or 3 years ago. Are you middle class with a stable job? Try getting a home loan. It'll take 3x as long, they'll check 3x as many sources of information on you, and you'll probably not qualify for as much as say 2003.
I bought a house in 2003 and another in 2009. It was that big of a difference.
So what you see in buying (falling prices) is the opposite in what you see in rental properties (rising rents, lowest vacancy rate in 15 years around here).
Same with cars. Credit is tight, fewer people can buy new, so demand shifts to used.
For all the "pricing experts" here
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matthew1
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Re: For all the "pricing experts" here
Help keep MVS on the web -> click sponsors' links here on MVS when you buy from them.
Also -> Amazon link. Click that when you go to buy something on Amazon and MVS gets a cut!
1998 V70, no dash lights on
1997 850 T5 [gone] w/ MSD ignition coil, Hallman manual boost controller, injectors, R bumper, OMP strut brace
2004 V70 R [gone]
How to Thank someone for their post
Also -> Amazon link. Click that when you go to buy something on Amazon and MVS gets a cut!
1998 V70, no dash lights on
1997 850 T5 [gone] w/ MSD ignition coil, Hallman manual boost controller, injectors, R bumper, OMP strut brace
2004 V70 R [gone]
How to Thank someone for their post
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JRL
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Mod note. Jim passed away in early 2022, his contributions to this forum are immortal, and he is missed. RIP
2000 V70R Black, 144,000 miles Wife's R.
2007 V70 2.5T White/Oak 111,000 MILES. Polestar tune, IPD bars, rear spoiler, dark grey Thors, DWS 06, HU850, sub.
2000 V70R Black, 144,000 miles Wife's R.
2007 V70 2.5T White/Oak 111,000 MILES. Polestar tune, IPD bars, rear spoiler, dark grey Thors, DWS 06, HU850, sub.
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jasonaileo
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I picked up an immaculate '06 V-70 with 46k miles back in November for $15.5 The Blue Book at the time was close to $18. Found it at a Toyota dealer and they were happy to see it leave. Gave away my '99 red V-70 to a lucky nephew. He's now a Volvo man for life.