I found an '05 Five Hundred AWD SEL for sale from a reputable dealer with only 46k on the odo for 5,995. I thought to myself, that seems like a good deal. I look at KBB.com and the value of said car in good condition is only $3,220 private party and 5,332 from a dealer! Why does it seem like the KBB value on these cars is so low?
Also, Can anyone explain why there is such a large difference in value between buying from a private party and buying from a dealer on KBB values? Should you really expect to pay so much more money when you go to negotiate the price of a used car at the dealer vs. a private party?
Is there anything I have too worry about with this car being 12 years old but super low mileage? Other than of course, I am going to thoroughly inspect it myself.
Also, Can anyone explain why there is such a large difference in value between buying from a private party and buying from a dealer on KBB values? Should you really expect to pay so much more money when you go to negotiate the price of a used car at the dealer vs. a private party?
Is there anything I have too worry about with this car being 12 years old but super low mileage? Other than of course, I am going to thoroughly inspect it myself.
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