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Guys, where I live the situation is getting so out of hand that a dealership would pay you nothing for your trade in, their patios are full of used cars that they cannot sell because of the decrease in prices that the manufacturers are doing, in addition to that you can get financing for a new car at almost 0% rate and this does not applies to the used cards, hence, those cars sit in the lot depreciating by the minute. Sales for new car is at its highest level, used cars are in the sh!tcan. I had a Volvo S40 T5 2005, and they were offering me insulting amounts on the car, so I decided to put the car on the web and I sold to a private party, granted, did not get market value, but got a lot more than if I would drop at the stealer$hip. Not sure at this point what's gonna happen with used cars in the next 2-3 months.
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