how does bluebook value work
Thread Starter
Instructor
Joined: Oct 2006
Posts: 164
Likes: 0
From: O.C. baby
how does bluebook value work
i'm looking in the classifieds at vettes, and some newer cars, and all the dealers have ads like "our price is 15k bluebook is 19k" then i look at kbb and the blue book is actualy like 12k in perfect condition why is that, are they just lieing
Le Mans Master
Joined: Dec 2002
Posts: 6,715
Likes: 2
From: Santa Teresa New Mexico
No-one uses the NADA book, its way over the top.
If you're talking about the kkb.com site theres 3 brakets in which to price a car with still 3 more ways to price it out.
Theres retail, private party and trade in.
Retail is all the money.
Private party is a bit less or the street value of the car.
Trade in is usually "back of book". Back of book is the wholesale cost of the car.
Then theres conditon, the excellent doesn't apply to 99% of resales.
Good is the average.
Dealers have to make money to stay in bidness. Theres more money in used cars than new cars. If they don't buy them right they lose at the gate.
If you're talking about the kkb.com site theres 3 brakets in which to price a car with still 3 more ways to price it out.
Theres retail, private party and trade in.
Retail is all the money.
Private party is a bit less or the street value of the car.
Trade in is usually "back of book". Back of book is the wholesale cost of the car.
Then theres conditon, the excellent doesn't apply to 99% of resales.
Good is the average.
Dealers have to make money to stay in bidness. Theres more money in used cars than new cars. If they don't buy them right they lose at the gate.
Elite Torch Red Member
Joined: Sep 1999
Posts: 57,805
Likes: 23
From: Exit 89 GSP,Lakewood,NJ The Land Of Mojo
Cental/South NJ Events Coordinator
CI 1-2-3-4-5-6-7-8-9-10-11-12 Vet
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St. Jude Donor '03-'04-'05-'06-'07
Around here, dealers use Galves.
I went with my dad to buy a car, so I flipped through the book while the salesman was away from his desk.
The prices in there are more realistic than KBB or NADA, but still not satisfactory for the consumer. They are all geared towards favoring the dealerships.
Basically to put a value on your car, just set a price and see what happens.
Every car has a price and every buyer has an amount he's willing to spend. If the two find each other, fine and dandy, if they don't, well try,try again.
I went with my dad to buy a car, so I flipped through the book while the salesman was away from his desk.
The prices in there are more realistic than KBB or NADA, but still not satisfactory for the consumer. They are all geared towards favoring the dealerships.
Basically to put a value on your car, just set a price and see what happens.
Every car has a price and every buyer has an amount he's willing to spend. If the two find each other, fine and dandy, if they don't, well try,try again.
Drifting
Joined: Apr 2005
Posts: 1,281
Likes: 12
From: New York
Here in Rochester they use NADA, BUT, they go into auction sites to see what they are selling for there. Can you say, "grab your ankles"? They are giving cars away there, so plan on having unsolicited sex if your are trading something in! 
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Melting Slicks
Joined: Apr 2003
Posts: 3,110
Likes: 6
From: Red Sox Nation! RI
I was under the impression the NADA guide prices come from regional car sales. Basically, an average of what a particular car sold for in different areas of the country. I don't know if it's based on sales tax info from DMV registries or someplace else.
Burning Brakes
Joined: May 2004
Posts: 1,182
Likes: 14
From: POINT PLEASANT NEW JERSEY
Originally Posted by jrzvette
You're expecting honesty from a used car salesman?
Safety Car
Joined: Sep 2002
Posts: 4,971
Likes: 9
From: The reason time exists is so everything doesn't happen at once
Originally Posted by Chewch87
Yeah ...... Jersey is selling their half of the Tappan-Zee Bridge also......Good Price I heard!!!!
The Tappan-Zee Bridge runs from Rockland County (NY) to Westchester County (NY).
Who says NJ politicians are a bunch of hacks?
