Checking Kelly BlueBook to see what the current trade-in quote for a 98 coupe is . . .

Basic coupe
46,500 miles
good condition

Trade-in was listed as $15,600. Dealers use Kelly Blue Book as their guide and typically won't offer more than a good condition trade-in. So C5 owners who want to get out from under must hold out for a private buyer or give it away to a dealer for a new car trade.

3 months ago, I think trade-in was almost $19,000, prices are coming down fast.

 

74-Roadster..

I don't know much about the C-5's other than I like the look. I know with the 5.0 Mustangs I have to assume that all of those on lots were dogged to hell even with low milage unless you can prove it to me that there was a responsible owner. There is a question to this.....

With all the car manufacturers putting out high performance engines these days do you think everyone(car dealers included) is assuming that the C-5's are being treated the same way and thus really have been run through the coals by the previous owners?

 

dealers don't use blue book on trade in, at least not the ones i know....it depends on the car... a corvette is neither a bluebook or a nada book, it's a black book car. i'll get the value tomorrow for ya.


[Modified by munday, 11:15 PM 9/16/2003]

 

:iagree:

Blue book and NADA or basically useless lately. They can't keep up with the degree of crappyness the current used car market is displaying. If you think the C-5 prices are falling, take a look at other car values of the same age versus what they sold for new, its sickening. :mad :U

 

CarMax uses Kelley Blue Book. Most others use the Black Book, which tends to have lower trade-in values. Then when you go to buy the car, they show you the NADA book, which lists higher trade-in values...and then tell you they'll sell you the car below wholesale.

Catching on to how it works??? :D

 

ahhh, buy with the low book sell with the high book. Now I get it, what a racket. :smash:

 

the only reason that car max uses blue book or nada or whatever they use is that they have their own bank. if i took in a car at trade in, recondition it, advertise it and whatnot that leaves me with about 2k to negotiate from retail. that's why. i need more room to negotiate. Also almost all banks have a maximum financible amount on cars. depending on credit it can be from 115-120% of loan value. Now take someone who wants to put nothing down on a 10000 dollar car (purchase price) that has a 8000 loan value. Where do I put the taxes? I would have to cut profit since they don't have any downpayment. Whereas carmax is not restricted by the 120% limit (and yes it can go over 120% with spectacular credit.) Carmax has their "own" so called bank. That's why they have those nifty no haggle prices. It's the best scam in car history since Senator Monroni got his head ripped off way back in the day.


Also, typically ppl think their trade in is in excellent condition....how can a 30k mile car be in excellent condition.....it has 30k miles...


If kelley blue book and NADA were SOOOO sure of their price values, they would have a friggin print check feature in the book and they would be buying and selling themselves.
Those companies are a decent guide at best, that's like me telling VanSteel what to sell his new rotors for when I don't know crap about em.

my 2c :mad :boxing :rant:


[Modified by munday, 9:50 PM 9/17/2003]