Educate me on used car values.

"TheTurbochargedSquirrel" (thatsquirrel) 03/11/2019 at 17:25 • Filed to: None

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2017 BRZ Limited with Performance Pack, 1,039 miles, $23,958. It appears to have been some kind of display car/tester for Brattleboro Subaru for 1,025 miles but the free Carfax on autotrader says it’s clean. Does belonging to a dealer for 1k miles really knock ~2k off the value of a car? I’m not seeing a mark on it and it eve n comes with free weathertechs. Why is this worth less than a normal used BRZ with 10-15k on it?

!!! UNKNOWN CONTENT TYPE !!!

TheTurbochargedSquirrel > TheTurbochargedSquirrel 03/11/2019 at 17:33

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In case of Kinja, click link:  https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=509436466&zip=01536&referrer=%2Fcars-for-sale%2Fsearchresults.xhtml%3Fzip%3D01536%26sortBy%3Drelevance%26incremental%3Dall%26firstRecord%3D0%26marketExtension%3Don%26modelCodeList%3DSUBBRZ%26makeCodeList%3DSUB%26searchRadius%3D300&numRecords=25&firstRecord=0&modelCodeList=SUBBRZ&makeCodeList=SUB&searchRadius=300&makeCode1=SUB&modelCode1=SUBBRZ&clickType=listing

TheRealBicycleBuck > TheTurbochargedSquirrel 03/11/2019 at 17:42

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I’m confused. The dealer is asking $ 23,958. The high end of the KBB Fair Market Value range is $22,934.

Seems to me the dealer wants more than the average 10-15k mile BRZ is selling for.

My X-type is too a real Jaguar > TheTurbochargedSquirrel 03/11/2019 at 17:47

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Here’s the deal it is cheaper than new but more expensive than used as it will be a 1 owner car, it will register as new which will help with resale and insurance rates.

TheTurbochargedSquirrel > TheRealBicycleBuck 03/11/2019 at 17:52

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Currently listed in my area for PP BRZs are a 2017 with 30k for $23k, a 2018 with 10k for $30k (lol, Patrick Subaru trying to get almost MSRP), a 2017 Series.Yellow with 9k for $26k, a 2018 with 2k and an accident history for $24.5, a 2017 with 37k for $22k, and this one. Past searches have listed clean PP BRZs typically around $24-26k depending on mileage.

EDIT: Did you specify BRZ Limiteds with the Performance Pack? Because the Limited trim commands a premium over the base Premium trim and then the Performance Pack holds the value up even further.

TheTurbochargedSquirrel > My X-type is too a real Jaguar 03/11/2019 at 17:53

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If it’s titled in the dealer’s name isn’t it a used car?

Napoli > TheTurbochargedSquirrel 03/11/2019 at 17:55

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That’s nothing. This Bentley was a demo car from Bentley’s corporate fleet and they are knocking $100k off.  https://www.millermotorcars.com/2017-bentley-continental-gt-supersports-c-2414.htm

Tapas > TheTurbochargedSquirrel 03/11/2019 at 17:55

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Pro tip, it's free if you take it for a test drive and don't come back.

Rex Sheldon > TheTurbochargedSquirrel 03/11/2019 at 17:56

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That’s weird.  As a former seven year employee at Brattleboro Subaru I can’t think of a single time we truly kept BRZs on the lot, let alone as a “tester” or “display car.”   That being said, it was an excellent dealership to work for with trustworthy employees, so if it did come from there, I can at least attest that it was well cared for 

TheTurbochargedSquirrel > Napoli 03/11/2019 at 17:56

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I mean, a Bentley looses $100k in value the first time you turn the engine on.

TheTurbochargedSquirrel > Tapas 03/11/2019 at 17:57

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But then you have to deal with these random guys in Ford Explorers following you everywhere.

For Sweden > Napoli 03/11/2019 at 18:02

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If that’s a press car, its a huge CP.

Think of how hard some millennial drowning in student loan debt from Tufts beat on that thing for an Autoblog article.

ItalianJobR53 - now with added 'MERICA and unreliability > TheTurbochargedSquirrel 03/11/2019 at 18:02

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Turbo the BRZ, you can easily run away from them Explorers.

fintail > TheTurbochargedSquirrel 03/11/2019 at 18:03

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I see prior year MBs with no more than a few K miles on them for 20%+ under MSRP. Few cars sell at MSRP, a prior year (or two) car with even a few miles just starts the depreciation ball rolling.

Napoli > For Sweden 03/11/2019 at 18:17

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CP all day long. Do the math on the “lease special.” I don’t see how $3,350 for 60 months after $25k down makes any sense. That’s the price of the car and you have to give it back!

TheRealBicycleBuck > TheTurbochargedSquirrel 03/11/2019 at 18:24

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I scrolled down their page and used the KBB fair market value gauge at the bottom. If they didn’t set it right, there’s a good chance their price is set incorrectly on the web page. 

TheRealBicycleBuck > TheTurbochargedSquirrel 03/11/2019 at 18:26

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Demo cars aren’t titled. 

Tapas > TheTurbochargedSquirrel 03/11/2019 at 18:29

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Very true...get it wrapped and steal the vin off a scrap car.

So maybe not free.

TheTurbochargedSquirrel > TheRealBicycleBuck 03/11/2019 at 18:30

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Playing with KBB now they state that the higher Limited trim is the least expensive (it’s not) and that the base Premium trim typically lists for $50 more. I think something is up with their math on the BRZ.

Dusty Ventures > TheRealBicycleBuck 03/11/2019 at 19:03

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Mind you this was a year ago, but when I was shopping for my BRZ last year the KBB/NADA list prices and the actual dealer prices didn’t agree at all, especially on the facelifted 2017+ models. KBB put fair market for a 2017 at like $24k, but when actually shopping anything below $26k was “okay, what’s wrong with it?”

Dusty Ventures > fintail 03/11/2019 at 19:06

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This price is a couple grand lower than what used models with 10-20k more miles typically go for, that's what makes it suspicious.

Dusty Ventures > My X-type is too a real Jaguar 03/11/2019 at 19:07

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Except this price isn't more expensive than used

TheRealBicycleBuck > TheTurbochargedSquirrel 03/11/2019 at 19:21

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Could be the problem. I don’t know how well the BRZ holds its value, but the WRX res ale values are insane.

Supreme Chancellor and Glorious Leader SaveTheIntegras > Napoli 03/11/2019 at 19:23

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And yet thats still not even wholesale value for that car

66P1800inpieces > TheTurbochargedSquirrel 03/11/2019 at 19:24

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48 miles, 1 owner, 26k.   https://www.patriotsubaru.com/used/Subaru/2018-Subaru-BRZ-for-sale-Portland-Maine-8866e56d0a0e0a6b04cc157912054f6b.htm

TheTurbochargedSquirrel > TheRealBicycleBuck 03/11/2019 at 19:24

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The BRZ doesn’t hold it’s value as well as the WRX does but it still holds it’s value decently.

TheTurbochargedSquirrel > 66P1800inpieces 03/11/2019 at 19:28

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I saw that one. Did not catch that it was only 50 miles. That one really has the spidey senses tingling. It shouldn’t be that cheap as a normal BRZ, let alone a 50th anniversary edition. 

66P1800inpieces > TheTurbochargedSquirrel 03/11/2019 at 19:39

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Couldn’t hurt to call. Might be a 3 day right to rescind purchase or something.

TheTurbochargedSquirrel > 66P1800inpieces 03/11/2019 at 19:45

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I’m about 25k short. I’m window shopping for now, I can’t afford to replace my Mini with a BRZ until this summer. If I could I would be all over it. Heritage Blue is my favorite color on the facelifted cars.

Manwich - now Keto-Friendly > For Sweden 03/11/2019 at 20:04

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But on the bright side, if it’s a press car, it’s less likely to have carbon buildup in the engine.

TheTurbochargedSquirrel > Dusty Ventures 03/11/2019 at 20:15

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Still true today except the spidey senses now start tingling around $24k.

fintail > Dusty Ventures 03/11/2019 at 22:13

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What did it cost new?

Maybe the seller is being aggressive and wants it out of there, as opposed to other sellers who price high fishing for suckers.

Dusty Ventures > fintail 03/11/2019 at 23:54

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With the Performance Pack they’re $30 grand new.

For reference, I spent months last year searching BRZs nationwide, the only time a 2017+ was below $26 ,000 was when it had questionable mods or something suspicious in the vehicle history report. I got the runaround from a dealer in Indiana on one that they had listed for $25,200 with no accident but “reported damage” on the report.

fintail > Dusty Ventures 03/12/2019 at 09:37

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Definitely seems like the kind of car you want to buy new, or even for this low miles one, get a comprehensive PPI - too much danger of prior abuse.

Dusty Ventures > fintail 03/12/2019 at 13:59

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Absolutely. In my case I couldn't afford new, but I had extra stringent requirements when searching. Any modifications at all were a no-go, as they suggested a higher likelihood of spirited driving at the least. Had to be on the first set of tires with ample tread left. CPO cars went to the front of the line. I ended up picking a 2016 CPO in Houston, still got a PPI even though it passed the CPO inspection.

fintail > Dusty Ventures 03/12/2019 at 14:30

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Grandpa’s short term lease return, there’s the ideal.

CB > ItalianJobR53 - now with added 'MERICA and unreliability 03/15/2019 at 15:06

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Can’t outrun radio and people who want to collect tip money.