Why are used V90's so cheap?
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    1. #1
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      Why are used V90's so cheap?

      I'm currently in the market for a CPO V60/CC (2019+) right now and I'm was quite surprised to see prices on used V90CCs:
      https://cpo.volvocars.us/enus/used-c...sult-tools-top

      The cheapest is a 2017 T6 at $31k: https://cpo.volvocars.us/enus/used-c...untry-jvddy82:

      There is also this 2018 T5 at $35k with <8k miles: https://cpo.volvocars.us/enus/used-c...ountry-fedcgyl

      It seems like non-CC V90s still seem to cost about $10k more for the same features.

      I liked the look of the new V60 and that it's cheaper at MSRP, but used there is little difference in price. Should I just stop looking at V60s and try to grab one of these instead?

      Are they just that selling poorly? Is there a deal to be had here or am I missing something?

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    3. #2
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      Interesting. Surely it depends on the market. I had a look a couple of months ago and found out that I would probably "lose" around $5000 on my 2018 V90 T5 R-design with roughly 23.000km on the clock. I mean, I could sell it and chime in with another $5000 and get a used ~2019 V60 T6 Twin Engine.
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    4. #3
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      In the DC area it is the S90 that is downright cheap - 2017 are listing at 30k the V-90 is around 40k. We just exchanged a 2017 for a 2020 and it came to $7,500 plus $4,000 as we opted for the luxury package on the new one. One factor has to be them disappearing from the market.

      Saw the new Audi A6 Avant yesterday, glad we did not wait for it $$$ and ugly. Boy racer car not a wagon.

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    6. #4
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      If you ask me, even a new V90 is cheap, considering how well equipped it is and what a comfortable, enjoyable ride it is.

    7. #5
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      Autotrader list 26 2020 V90 T6 Inscriptions and 217 2020 V90CC T6 Inscriptions. Better yet, 16 2020 V90 T6 R-Design. The wagon is a rare breed and hardly ever seen in the wild.

      Regards,
      Last edited by Brent; 06-03-2020 at 12:35 PM.
      '18 V90 T6 Inscription Polestar

    8. #6
      Senior Member Wayne T5's Avatar
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      Quote Originally Posted by mizzao View Post
      I'm currently in the market for a CPO V60/CC (2019+) right now and I'm was quite surprised to see prices on used V90CCs:
      https://cpo.volvocars.us/enus/used-c...sult-tools-top

      The cheapest is a 2017 T6 at $31k: https://cpo.volvocars.us/enus/used-c...untry-jvddy82:

      There is also this 2018 T5 at $35k with <8k miles: https://cpo.volvocars.us/enus/used-c...ountry-fedcgyl

      It seems like non-CC V90s still seem to cost about $10k more for the same features.

      I liked the look of the new V60 and that it's cheaper at MSRP, but used there is little difference in price. Should I just stop looking at V60s and try to grab one of these instead?

      Are they just that selling poorly? Is there a deal to be had here or am I missing something?
      A used V90 CC is a great deal but your comparison is a little apples and oranges since the SPA V60 was not released until the '19 model year and the V60 CC the '20 model year. Cars depreciate a lot so a model year difference can be 12-15%.

      The V90 is a lot rarer which may account for higher asking prices.
      Past: '94 854, '99 S70 T5 SE, '99 S70 GLT, '04 S60R M, '12 S60 T5, '13 S60 T5, '15 S60 RD, '05 V70R GT
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    9. #7
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      OP -- Have you driven both? I like the larger cabin and cargo areas of the V90, personally. You have to decide what you'll feel most comfortable in.

      Quote Originally Posted by das60 View Post
      ...Saw the new Audi A6 Avant yesterday, glad we did not wait for it $$$ and ugly. Boy racer car not a wagon.
      OT, but I had A6 Avant for ten years, then A4 Avant for ten years when Audi stopped bringing A6 to US. Wanted bigger wagon and V90 was just the ticket. I knew Audi was reintroducing A6 Allroad, but really liked the V90. Now, having seen and driven the A6 Allroad, I have ZERO regrets getting the Volvo. A6 Allroad is ugly and way overpriced.
      2018 V90 T6 Inscription

    10. #8
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      Quote Originally Posted by Wayne T5 View Post
      A used V90 CC is a great deal but your comparison is a little apples and oranges since the SPA V60 was not released until the '19 model year and the V60 CC the '20 model year. Cars depreciate a lot so a model year difference can be 12-15%.

      The V90 is a lot rarer which may account for higher asking prices.
      Ok but if you were in my position which would you think is more bang for the buck?

      - 2020 V60CC, 7k miles for $36.5k
      - 2018 V90CC, 8k miles for $35k

      These are all sticker prices so maybe one of them is also more negotiable than the other, which could give additional flexibility.

    11. #9
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      Quote Originally Posted by mizzao View Post
      Ok but if you were in my position which would you think is more bang for the buck?

      - 2020 V60CC, 7k miles for $36.5k
      - 2018 V90CC, 8k miles for $35k

      These are all sticker prices so maybe one of them is also more negotiable than the other, which could give additional flexibility.
      Are they certified or used? It depends to some extent on how similarly they are equipped, and how long they have been in inventory. If they are dealer-owned cars used as loaners, demos or company cars, you should have more bargaining leverage with the 2018. If you buy the 2018, make sure they update all the software.

    12. #10
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      Both certified, and I plan to upgrade the warranty (with Steingold which I found on this site!)

      They seem to be former rental cars, not dealer owned. Good point on looking at how long they've been inventory, that's a good yardstick of bargaining power.

    13. #11
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      I'd be a leery of former rentals. A lot of them have been driven like they were stolen, and have never seen anything but no-name regular gas.

    14. #12
      Senior Member Wayne T5's Avatar
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      Quote Originally Posted by mizzao View Post
      Ok but if you were in my position which would you think is more bang for the buck?

      - 2020 V60CC, 7k miles for $36.5k
      - 2018 V90CC, 8k miles for $35k

      These are all sticker prices so maybe one of them is also more negotiable than the other, which could give additional flexibility.
      For me it would just come down to which car you liked more, is better equipped. The bang for the buck is sort of a toss up. I'd probably stay away from former rental cars.
      Past: '94 854, '99 S70 T5 SE, '99 S70 GLT, '04 S60R M, '12 S60 T5, '13 S60 T5, '15 S60 RD, '05 V70R GT
      Present: '95 854 T-5R, '06 XC70, '15 XC70 T6, '15.5 XC60 T6, '16 V60 P*

    15. #13
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      Pick the color you like more. Also V90CC is roomier so nicer for your passengers. I am surprised the price is so good. Very soon I will be able to get another SPA car.

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    16. #14

      Why are used V90's so cheap?

      Quote Originally Posted by mizzao View Post
      Both certified, and I plan to upgrade the warranty (with Steingold which I found on this site!)

      They seem to be former rental cars, not dealer owned. Good point on looking at how long they've been inventory, that's a good yardstick of bargaining power.
      Uhhhh hard pass on both. Maybe if they’re closer to 20k than 30k.

      I do not think the price of SPA v90s is “cheap” at all rn given the market. A v90cc t5 should be mid-25s tops, considering the entire country isn’t building nor buying cars. And the cars being sold are given 6 year zero interest loans. I mean what the actual F are we back in 2008 again?

      Anyway, cpo v90s at $25k, wait for it...

    17. #15
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      Do you folks know if a 2017 or 2018 V90CC can have Sensus updates to run the same software as the most recent models? e.g. can they do Android Auto and Apple Carplay, etc?


      Quote Originally Posted by gak View Post
      I'd be a leery of former rentals. A lot of them have been driven like they were stolen, and have never seen anything but no-name regular gas.
      How bad can it be with only ~7k miles? Especially if I'm planning to extend the CPO warranty with Steingold for 8 or 10 years, for example.

      Quote Originally Posted by tonyc View Post
      Uhhhh hard pass on both. Maybe if they’re closer to 20k than 30k.

      I do not think the price of SPA v90s is “cheap” at all rn given the market. A v90cc t5 should be mid-25s tops, considering the entire country isn’t building nor buying cars. And the cars being sold are given 6 year zero interest loans. I mean what the actual F are we back in 2008 again?

      Anyway, cpo v90s at $25k, wait for it...
      As much as I'd like to believe that I can get a good deal, I'm seeing V60CC/V90CC sell pretty decently in the NYC area. There are many people who can afford cars who just chose not to own one before, who are now buying because it's the only way to get around.

      Maybe I can get the prices you're saying by going out of town, but do you have any evidence of a V90CC sale taking place under 30k? Especially with low mileage?

      The country not building cars also means many of the "good deals" that are available now will soon be unavailable, and dealers will adjust to the new demand.

      Quote Originally Posted by FusionRedXC60 View Post
      I am surprised the price is so good. Very soon I will be able to get another SPA car.
      You two seem to have very different opinions!
      Last edited by mizzao; 06-04-2020 at 09:31 AM.

    18. #16
      Junior Member mattlach's Avatar
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      Quote Originally Posted by mizzao View Post
      Are they just that selling poorly? Is there a deal to be had here or am I missing something?
      I'd imagine that car sales in general have dropped during the pandemic, which has probably affected prices to a certain extent.

      Wagons are also a car variety that people either absolutely love, or absolutely hate.

      Most people these days are for some inexplicable reason shopping for SUV's and crossovers. Those who aren't are buying sedans. Wagons are last on the list for the general population.

    19. #17
      Junior Member B-SIDE's Avatar
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      For what it's worth..
      I just bought my CPO 2019 V90 RD w/ just under $12K miles in Feb of this year for $39K.
      It even had the rear built-in booster seats (not sure if that's standard, but I love it)!

      I traded in my 2015.5 V60 and couldn't be happier.
      So far, I've added mudguards, a K&N filter, a Borla exhaust, and a nice Ceramic-Pro coat.
      The only thing left is to get a P* tune done on this one and that's it.
      Current : 2019 V90 R-Design - Full R-D package + Integrated Rear Booster Seats / Borla Exhaust / K&N Filter / Chrome Delete / Ceramic Pro on Silver Paint / 99% De-badged (planned, P* Tune + other minor customizations)
      Former : 2015 V60 P* (aftermarket Wheels / Exhaust / K&N Filter) Blackout + other minor customizations

    20. #18
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      Quote Originally Posted by B-SIDE View Post
      For what it's worth..
      I just bought my CPO 2019 V90 RD w/ just under $12K miles in Feb of this year for $39K.
      It even had the rear built-in booster seats (not sure if that's standard, but I love it)!
      Is that 39k before tax or after tax?

      Can you share a bit more about how the booster seats work? I have one 9 month old now, probably another kid at some point in the future, so would love to know more!

    21. #19
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      Quote Originally Posted by tonyc View Post
      Uhhhh hard pass on both. Maybe if they’re closer to 20k than 30k.

      I do not think the price of SPA v90s is “cheap” at all rn given the market. A v90cc t5 should be mid-25s tops, considering the entire country isn’t building nor buying cars. And the cars being sold are given 6 year zero interest loans. I mean what the actual F are we back in 2008 again?

      Anyway, cpo v90s at $25k, wait for it...
      We are in Pa so a higher than normal lock down state. We only sold 10 fewer cars last month than we did the year before after having it illegal to sell cars for half of March and nearly all of April. This month is off to a very hot start. There was a 2 week window when the bottom dropped out on used car pricing, but it's no longer the case. Volvo is offering 0% for 60 months, some regions can do loaners some can not is my understanding. The market is pretty good right now reporting from South Central Pa. I delivered 3 cars in the past two days and I normally avg 10 cars a month where I'm at. Dow Jones is back up to 27k. I had two cars (Sweden and Belgium) that were held up on production from the virus and both have now been built and are at the port in the US, customers are both excited to take delivery. If you wanted a unusually great deal I'd say you missed the window...

      As for values... cars depreciate more for age than miles... so you can certainly find a "better bang for your buck" on a car a few years old with low miles. That being said, the warranty factor is there... CPO gets you 5 years from date in service... you can extend it up to an extra 5 years... so if you keep your cars a long time, I like the service loaner cars used for only a few months and then pump up the warranty. Keep in mind CPO does not mean a clean car fax how most people think, so make sure you do look at that. It has to have clean title, but it may have had an accident or damage and that certainly affects value.

      As others said, which you like is most important IMO. A great deal on a car you don't love is alot of money and not so great a deal. V60 is my fav, but it might not be yours. But 50% deprecation on a 3 year old car isn't that unusual. Especially if it's not an SUV.
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    22. #20
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      I've long since traded my 2018 V90CC, but when new these things were selling for way under MSRP. I got 16% off without really trying ($59k on a $70k+ MSRP including P*). So when thinking about the depreciation that lead to today's used market pricing, it's important to start from the right starting price.

    23. #21
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      Quote Originally Posted by 2018VolvoV90CC View Post
      I've long since traded my 2018 V90CC, but when new these things were selling for way under MSRP. I got 16% off without really trying ($59k on a $70k+ MSRP including P*). So when thinking about the depreciation that lead to today's used market pricing, it's important to start from the right starting price.
      That too is true... and frankly when people talk about new car depreciation they rarely take discounts and rebates into account. Plus you don't go around telling folks you have a $59k car, but rather a $70k car!
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    24. #22
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      Quote Originally Posted by DFrantz View Post
      That too is true... and frankly when people talk about new car depreciation they rarely take discounts and rebates into account. Plus you don't go around telling folks you have a $59k car, but rather a $70k car!
      A friend of mine has a small used car lot where your sister dealership is. He specializes in older German luxury cars and the occasional Volvo. He buys a lot of MBs and BMWs at the large auction. Most models have horrendous depreciation - worse than Volvo, and far worse than Lexus.

    25. #23
      Junior Member B-SIDE's Avatar
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      Cool

      Quote Originally Posted by mizzao View Post
      Is that 39k before tax or after tax?

      Can you share a bit more about how the booster seats work? I have one 9 month old now, probably another kid at some point in the future, so would love to know more!
      I got it before the s#hit it the fan, had i waited a bit I probably could have gotten it for a little less;
      But it was a CPO V90 RD (which don't pop up too often in South Florida)

      It was $39K before TTL (but I used a Volvo $500 off CPO coupon), Traded in my V60 (where I had about 5K Equity) and I transferred my Personal Lisc Plate.
      So i didn't make out too bad, even after i bought a bunch of unnecessary warranties (wheel, dents, theft deposit, etc,) LOL Plus it was the RD and a color I could work with (Bright Silver Metallic), and now I like it better than black.

      Here's the info on the integrated booster seat. My kids loved it and it's safer than any aftermarket typical booster.

      https://www.volvocars.com/en-eg/supp...ted-child-seat

      Hope this helps,
      Current : 2019 V90 R-Design - Full R-D package + Integrated Rear Booster Seats / Borla Exhaust / K&N Filter / Chrome Delete / Ceramic Pro on Silver Paint / 99% De-badged (planned, P* Tune + other minor customizations)
      Former : 2015 V60 P* (aftermarket Wheels / Exhaust / K&N Filter) Blackout + other minor customizations

    26. #24
      Quote Originally Posted by DFrantz View Post
      We are in Pa so a higher than normal lock down state. We only sold 10 fewer cars last month than we did the year before after having it illegal to sell cars for half of March and nearly all of April. This month is off to a very hot start. There was a 2 week window when the bottom dropped out on used car pricing, but it's no longer the case. Volvo is offering 0% for 60 months, some regions can do loaners some can not is my understanding. The market is pretty good right now reporting from South Central Pa.
      Thanks for the retail market feedback. Apparently Volvo is indeed doing gangbusters: https://jalopnik.com/the-world-is-bu...ars-1843880626 and I'm still stuck on May news.

      Personally, I'm looking to dump all my cars due to continued WFH situation, as is almost all of my neighbors and professional circles. One guy who returned a lease last says the local Chevy dealership doesn't even want the car back as they aren't selling cars and they can't process lease returns fast enough. This is in Socal, so I just assumed...

    27. #25
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      Quote Originally Posted by mattlach View Post
      I'd imagine that car sales in general have dropped during the pandemic, which has probably affected prices to a certain extent.

      Wagons are also a car variety that people either absolutely love, or absolutely hate.

      Most people these days are for some inexplicable reason shopping for SUV's and crossovers. Those who aren't are buying sedans. Wagons are last on the list for the general population.

      Yeah, when I saw the thread title, my first thought was well, it's a wagon.

      I love station wagons and we considered just about every AWD wagon option out there when we were hunting. We like the sedan-like handling dynamics and use the roof box/rack setup extensively, so the lower load height is great. Also, we can get in and out of our garage with the roof box attached, which we can't do in an SUV. It boggles my mind that wagons aren't more popular, but they aren't. Luckily, we tend to buy our cars new and hang on to them for 10+ years, so we hope to not have to worry about resale value.

      I will say when I started researching the V90CC, it was pretty striking that you could negotiate down a loaner model from $58K and change to $44K. My impression was you could never score that kind of a deal on an XC90. It seems barely anyone is buying wagons in the US and it's hard to move them, even accounting for the low production/inventory in the first place.

    28. #26
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      Quote Originally Posted by VLD1 View Post
      If you ask me, even a new V90 is cheap, considering how well equipped it is and what a comfortable, enjoyable ride it is.
      We were set to lease a 2019 V60CC last November until Volvo released incentives for the month that drove the overall costs for a V90CC ca. $5K below the V60, comparably equipped, which tipped the decision to the V90. Never regretted the decision, just a totally fine motor.

    29. #27
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      Quote Originally Posted by gak View Post
      I'd be a leery of former rentals. A lot of them have been driven like they were stolen, and have never seen anything but no-name regular gas.
      These cars were in the rental luxury fleet. I purchased a low mileage 2004 XC70 from Hertz in 2004 and drove it for 13 years with zero problems before purchasing our OSD V90CC.

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      Quote Originally Posted by Laslonimne View Post
      These cars were in the rental luxury fleet. I purchased a low mileage 2004 XC70 from Hertz in 2004 and drove it for 13 years with zero problems before purchasing our OSD V90CC.
      The issue with ex-rental cars is that buying one is a crap shoot, much more so than with most CPO cars.

    31. #29
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      Quote Originally Posted by gak View Post
      The issue with ex-rental cars is that buying one is a crap shoot, much more so than with most CPO cars.
      It all depends on many factors, most importantly the type of vehicle and the demographics that would rent them. Some people that rent economy don't have good education or morality so they drive the cars like they stole them, same can happen with a luxury category, but the chances of that happening are exponentially lower. I know when I rent (any type of vehicle) I treat it like my own because...why not?? Additionally, rental companies have good maintenance programs and pay better attention to those luxury vehicles because they know they cannot rent a damaged one without damaging their own reputation.
      2017 V90 CC T6- Luxury pkg with full color paint Maple Brown with blond interior, convenience pkg, B&W, HUD, four-C. Racechip GTS.

    32. #30
      Senior Member Wayne T5's Avatar
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      Quote Originally Posted by gak View Post
      The issue with ex-rental cars is that buying one is a crap shoot, much more so than with most CPO cars.
      Definitely, plus a different driver every day potentially, which contributes some level of additional wear and tear over just one or two drivers, who are very familiar with all of the controls and how the car handles.

      I've rented luxury class 10k mile cars that I would not want to own they were so nicked and scratched up, both interior and exterior.

      I did buy a 6k mile service loaner several years ago and although it was a little dirty inside I didn't have any issues with it in the couple of years that I owned it. I'd like to think that Volvo owners are a little more gentle on loaner cars than a typical rental car user.
      Past: '94 854, '99 S70 T5 SE, '99 S70 GLT, '04 S60R M, '12 S60 T5, '13 S60 T5, '15 S60 RD, '05 V70R GT
      Present: '95 854 T-5R, '06 XC70, '15 XC70 T6, '15.5 XC60 T6, '16 V60 P*

    33. #31
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      I'm on my third CPO Volvo, all "company cars", driven by dealership or corporate managers. No real problems aside from having to upgrade software and replace a couple of sensors and a USB port, but that can happen with any car, new, used or CPO.

    34. #32
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      Buying previously owned cars is always the best choice financially. But a friend of mine once stated (almost 50 years ago...): "There's something to be said for being the first person to pass wind in the front seat." Applicable more than ever these days with perforated leather seats.....

    35. #33
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      "Pass wind"? That is a 50-year-old phrase.

    36. #34
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      Quote Originally Posted by porschie356 View Post
      "Pass wind"? That is a 50-year-old phrase.
      We were a bit more genteel back then....

    37. #35
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      Quote Originally Posted by VLD1 View Post
      Buying previously owned cars is always the best choice financially. But a friend of mine once stated (almost 50 years ago...): "There's something to be said for being the first person to pass wind in the front seat." Applicable more than ever these days with perforated leather seats.....
      Even that's changed over the years... a one year car often isn't so much cheaper as to say "wow".. now if you're keeping it 10 years and you get the CPO extension, that can make a better deal.. but leasing two cars over 6 years is generally cheaper than buying one with the same coverage (warranty, VOC, pre-paid maintenance, and new tires). A CPO or "used" car might come in a little under, but probably not a huge deal. Try trading in a 3 year old car you just bought down the street and you'll see a similar loss to trying to trade in a brand new car you just bought. It's all very situational dependent.. and there is the freshness of the seats! I read once (early internet, so perhaps true?) that there is enough fecal matter in movie theater chairs to grow plants.
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