Quote:
Originally Posted by radeonboy
Plus, the resale value is quite dependent on so many factors and takes years to determine for any one vehicle
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Just as a first-order starting point, you could dump the used listing data from FB Marketplace, Car Gurus, AutoTrader, CL, etc, and look at pricing vs model year vs kms.
I think there's enough there that you can do some rough projections.
I think a lot of us could reasonably accurately guess how much a particular car of whatever year and kms should cost, even taking into account how much to scale the actual purchase price by, vs the listed price. If we can intuit that without numbers in front of us, I'm sure we could do the curve fitting on the ton available data.
For very niche models with sparse data, then yeah, this tool would just have to say something like "insufficient data, can only guess based on the market segment this vehicle is in (e.g. european luxury sub-compact SUV) with a "YMMV" disclaimer lol.