Resale value
Hey guys, did anyone ever sell their car at a reasonable price? I understand that Chinese cars have lower resell value (not sure why in this day and age) but I don't understand if lower resell value is just an excuse for people to throw any random numbers.
Maybe opinions (of non dealers) could help me correct my perspective and maybe be useful to others who want to understand the resale value in the market. I have an MG RX8 Black Edition 2024 model with 53k and warranty still valid for the next 3 and a half years. Car had no accidents and always serviced at the agency. The black edition was being sold for 125k as brand new at the time.
In your opinion buying a less than 3 years old car, what percentage you'd pay out of the 125k? I'm getting basically 40% and up to 45% of that price. I understand again that cars will devalue by time and again that Chinese cars wouldn't retain it's value (still not sure why) but to get less than half of what you paid in less than 3 years is extremely absurd for me.
Have you guys managed to sell your cars? Do you mind sharing how much it was for and how much you managed to sell it for?