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I think he is saying it will sell in the £20s, not for £20,000.<br />
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Cars have been holding their value extremely well over the last 18 months or so, after that massive slump when dealers were panic dumping stock, but it is now sorting it self again and the used value are getting more realistic again imho.<br />
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I think people have to remember that predicted values for these are around 40% after 3 years and 36k miles. <br />
That is a £56k car, £60k with the options it has, it is now 3 years old and it is at 51% of its value, so doing better than predicted, the residual would have been set at around £24k on that car, so the owner is probably quite happy with his trade in value, which was probably £27k+.
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There quite a difference in £20k and £29k, as you say late 20,s for a trade in is about right. <br />
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Many cars have held up well over the last 2 years and i think there's some catching up to do. I remember 3 yrs ago i bought a RRS for £30k sold it a year later for £34k, OK i did buy it at good price first off but if i sold it today would/may get £23/24k on a good day.</div>