I have to do a project for math and it's about car financing. We're allowed to have used cars, but we have to use the MSRP to do our calculations. But since it's used, what would the MSRP be, especially if the car's from 2000 or something? Would it just be the depreciated value?What would the MSRP of a used car be?
M.aximum S.ales R.ipoff P.riceWhat would the MSRP of a used car be?
NO SUCH things as a MSRP for a used car.What would the MSRP of a used car be?
theres really no such thing as a manufactorer's suggested retail price for a used car. you could probably use NADA book value or even kelly blue book value (even though kbb is crap).
why dont you just use a new car?
but anyway, there is no MSRP for used cars, the condition of the car determines a large portion of its value and the manufactorer has no way to determine that for every car out there.
MSRP doesn't change there isn't ever one stated for a used car. Only a new one straight off the dealers floor. So if you are looking at an old Nissan Maxima the MSRP is still $25,000 or so, not the $2500 or so you'd be willing to pay for it.
I don't know what you would use for this project, as you said maybe just use the depreciated value (kelly blue book works fine)
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