Used Toyotas Selling at 5% Below Market Value
Car shoppers wanting to take advantage of Toyota's problems should consider the used car market.
According to Edmunds.com, prices for used Toyota vehicles affected by the recall are 4.5% below market value.
In essense, you're getting a 5% discount on used models such as the Toyota Camry and Toyota Corolla.
Rental car companies have been returning these vehicles in droves, pushing the supply higher. This, coupled with the negative perception many car buyers have towards Toyota, has driven the prices lower, while at the same time other used cars have gone up in price.
If you're considering buying a used Toyota, now is a great time to take advantage of the situation. These opportunities don't show up every day.
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