wow...About 6 months ago there was a 850R on craigslist in Maine with something like 163k miles and the guy was asking $35,000. That was pretty laughable. It was immaculate though and that beautiful red with anthracite volans.
Oh, he has since reduced the price to $27k. I retract what I said, it's virtually a steal now.
http://www.autotrader.com/cars-for-...mt=[VOLVO[850[]][]]&listingId=370325004&Log=0
*sarcasm* "B-b-bbut my mods have added value to the car!"About 6 months ago there was a 850R on craigslist in Maine with something like 163k miles and the guy was asking $35,000. That was pretty laughable. It was immaculate though and that beautiful red with anthracite volans.
Oh, he has since reduced the price to $27k. I retract what I said, it's virtually a steal now.
http://www.autotrader.com/cars-for-...mt=[VOLVO[850[]][]]&listingId=370325004&Log=0
For me it's the paint scrapes and the cracked front bumper. Even if this was in mint condition, it wouldn't be worth more than 16-7k at most. Asking 30k for this is just absurd haha.No heated seats = dealer breaker for me. Shoot, I was ready to pull the trigger too.
For me it's the paint scrapes and the cracked front bumper. Even if this was in mint condition, it wouldn't be worth more than 16-7k at most. Asking 30k for this is just absurd haha.
Nice graph, what software is that? Definitely not R, SAS, or SPSS. Even have an effect size!It's in the right ballpark based on my data, I will have to add the data point though.
Your graph seems accurate for the 75k-300k mile range but loses accuracy because you are using ln(). This means a car with 0 miles (never driven) is worth infinite money. And with your power formula, a car with 20k miles is worth $43k or approximately original MSRP. I find both cases hard to believe.It's in the right ballpark based on my data, I will have to add the data point though.
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