Re: Fair deal - not great but fair
This is going to be painful for some to read. I used Clean Black Book for the Southeast dated 3/15/10. Some of you know that I work in the car business & have monitored the free fall of our car values.
I booked them all as a 2005 model with 3,000 miles on it. I figured that would be a great base line considering how this thread started.
2005 SRT-6 Roadster $15,475
2005 SRT-6 Coupe $13,375
2005 N/A Roadster Auto $12,925
2005 N/A Roadster 6sp $12,375
2005 N/A Coupe Auto $10825
2005 N/A Coupe 6sp $10275
All cars were booked with 3k on the clock. Of course this does not mean that you could buy any of our vehicles for that price, but it is how the banks determine loans on the vehicle. With excellent credit you might be able to get a bank to finance 135-140% LTV (loan to value) - $21665 to finance on the SRT-6 roadster. Ouch!!!