kelly blue book
Le Mans Master
Joined: Sep 2004
Posts: 7,978
Likes: 1,853
From: North/Central NJ - a.k.a. Gotti in the CFNE section
St. Jude Donor '05
Originally Posted by racerguyz28
so if thats what there worth where do people get these numbers from on how much there selling for
Cruising
Joined: Mar 2006
Posts: 13
Likes: 0
KBB is ~ $2000 lower price than NADA. For example, my 2000 Corvette is $27,225 on NADA and $25,285 on KBB.
I also think that Corvette owners, on average, take better care of their cars than what the "standard" car owner does, thus the cars are in better condition (gross generality, not correct in all cases, but probably more right than not) than what the "average" owner does for his "average" car. The depriciation formulas for KBB and NADA are based on this "average" owner, not the corvette owner.
Thus Corvette owners try to sell their cars for a little more $$.
Just my 2 cents worth....
Jared
I also think that Corvette owners, on average, take better care of their cars than what the "standard" car owner does, thus the cars are in better condition (gross generality, not correct in all cases, but probably more right than not) than what the "average" owner does for his "average" car. The depriciation formulas for KBB and NADA are based on this "average" owner, not the corvette owner.
Thus Corvette owners try to sell their cars for a little more $$.
Just my 2 cents worth....
Jared
Burning Brakes
Joined: Dec 2002
Posts: 808
Likes: 0
From: Staten Island NY
over priced
the truth is that most of the cars selling on the forum are way over priced...and most of the cars dont sell.
everyone selling...Is hoping for the stock broker with too much money and dont care about prices....call some of the people that listed 4 sale threads from last month...ask them "is your car over priced car still 4 sale??"
KBB..
TRADE IN $23,000
PRIVATE SALE $26,000
CORVETTE FORUM $30,000
everyone selling...Is hoping for the stock broker with too much money and dont care about prices....call some of the people that listed 4 sale threads from last month...ask them "is your car over priced car still 4 sale??"
KBB..
TRADE IN $23,000
PRIVATE SALE $26,000
CORVETTE FORUM $30,000
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Intermediate
Joined: Oct 2004
Posts: 39
Likes: 0
From: Las Vegas Nevada
Blue Book
The Kelly Blue Book is only a guide that mainly is used by banks for loan applications. When you buy your cars nobady pays bluebook prices. When was the last time you walked into a dealership and said ill take that one and Ill pay bluebook. Now if you did not pay bluebook dont expect blue book when you sell the car. This is also the reason your payoff is more than the car is worth. Your car depreciates every 3 months and especially when the year turns over. Other ways to check is NADA which is the about the same as Blue Book. Try EDMUNDS and click the appraise / or TMV true market value. I think edmunds takes actual same car year info and the prices are what you should expect. Caution if your car books for 40k on Blue Book you better have your heart meadince ready when you check EDMUNDS.
As far as Corvettes and there value there are alot of great deals out there. You can find 2006s almost as cheap as 2005s (other than the Z06). So if your very proud of you car and your trying to sell , my guess is you and your car will be together for some time.
Just my two cents
As far as Corvettes and there value there are alot of great deals out there. You can find 2006s almost as cheap as 2005s (other than the Z06). So if your very proud of you car and your trying to sell , my guess is you and your car will be together for some time.
Just my two cents
Race Director
Joined: Oct 2004
Posts: 13,597
Likes: 1,353
From: Home of the VOLS ! Knoxville, TN. Tennessee
St. Jude Donor '11-'12-'13, '15, '16-'17-'18-'19
KBB in my opinion is too low priced on their Vette values .
i have been shopping for a second Vette for the past 2 weeks , and trust me , I cannot find a decent one anywhere close to what KBB says I should pay for it .
look up a "good" 97 Vette on KBB with 80K miles , it shows to be worth $ 13k for example . ask me if if I would sell mine for that , and I would
in your face , and I am sure that goes for all members that own a 97 on this forum .
When was the last time you saw a C5 vette advertised for $ 13k , that is not salvaged , or has some sort of problem ? NEVER !
i have been shopping for a second Vette for the past 2 weeks , and trust me , I cannot find a decent one anywhere close to what KBB says I should pay for it .
look up a "good" 97 Vette on KBB with 80K miles , it shows to be worth $ 13k for example . ask me if if I would sell mine for that , and I would
in your face , and I am sure that goes for all members that own a 97 on this forum .When was the last time you saw a C5 vette advertised for $ 13k , that is not salvaged , or has some sort of problem ? NEVER !
Melting Slicks
Joined: Mar 2003
Posts: 2,928
Likes: 55
From: Port Saint Lucie, Florida
The books are meaningless for vettes !!!!!!
If you have a clean low mileage vette in minto condition, you deserve to be paid as long as your price is in line with other vettes. But this is where the problems start, because you may have a better color, better shape, lower miles, more options, more mods, and maybe a vert.
Don't forget the GMPP extended warranty, the most important option for sure.
This really is too much to factor in so first find the vette you love and then buy it if it has what you want. To settle is a pure waste of time and then you might as well pay the cheapest price as you can.
Two vettes of the same year, same model and approx same mileage can vary in the thousands depending on the above.
Alan
Don't forget the GMPP extended warranty, the most important option for sure.
This really is too much to factor in so first find the vette you love and then buy it if it has what you want. To settle is a pure waste of time and then you might as well pay the cheapest price as you can.
Two vettes of the same year, same model and approx same mileage can vary in the thousands depending on the above.
Alan
Melting Slicks
Joined: Jan 2005
Posts: 2,409
Likes: 34
From: St. Louis Missouri
I say you pretty much get what you pay for with a few exceptions. If you want a pristine excellent condition low mileage Corvette you will pay a premium for it. On the other hand if you are a little more forgiving on mileage and normal wear and tear items there are deals to be had also. I think it is all pretty much up to what you are looking for. The amount of money you save can be spent very quickly fixing issues with a Corvette.
Burning Brakes
Joined: Jan 2003
Posts: 1,183
Likes: 6
From: Arlington TN
Originally Posted by kingman
They are a guide only and makes for good bathroom reading only!
Alan
Alan
You are correct.. Only people I know that use KBB are the ones that try to use it as a tool to talk people down and get a car below true market value. My wife has been in Auto Insurance for over 25 years and they use NADA.. Not KBB. NADA is used by most banks, Credit Unions, and Insurance companies. Her office uses NADA and they also look at the Market for the area of what is for sale and the condition it is in.
Last edited by Corvette1996LT1; Mar 8, 2006 at 02:15 PM.
Le Mans Master
Joined: Jun 2004
Posts: 6,269
Likes: 50
From: Dallas Texas
St. Jude Donor '06-'07-'09-'10
The major weekly Dealer Wholesale Auto Auctions like Manhiem determine what used car prices will be. Dealers get print outs weekly so they know what selling and for what price. The Blue Book or NADA guide you can get are months behind.
There are many variables in buying a used Vette, but if you look hard enough and are willing to bargain, you can get your deal. The majority of the Vettes on the market are priced with lots of bargaining room, so there's usually a big difference between what is ask and the final sale price.
There are many variables in buying a used Vette, but if you look hard enough and are willing to bargain, you can get your deal. The majority of the Vettes on the market are priced with lots of bargaining room, so there's usually a big difference between what is ask and the final sale price.
Last edited by sxeC7; Mar 8, 2006 at 11:10 AM.
Burning Brakes
Joined: Jan 2003
Posts: 1,183
Likes: 6
From: Arlington TN
Originally Posted by sxe60
The major weekly Dealer Wholesale Auto Auctions like Manhiem determine what used car prices will be. Dealers get print outs weekly so they know what selling and for what price. The Blue Book or NADA guide you can get are months behind.
There are many variables in buying a used Vette, but if you look hard enough and are willing to bargain, you can get your deal. The majority of the Vettes on the market are priced with lots of bargaining room, so there's usually a big difference between what is ask and the final sale price.
There are many variables in buying a used Vette, but if you look hard enough and are willing to bargain, you can get your deal. The majority of the Vettes on the market are priced with lots of bargaining room, so there's usually a big difference between what is ask and the final sale price.
One thing I will add is NADA is not MONTHS behind. The insurance Company my wife works for logs into the NADA direct data base. NADA updates their site on a regular bases off of information of current market. Only the printed books would not give you a current price
.
Last edited by Corvette1996LT1; Mar 8, 2006 at 02:15 PM.
Burning Brakes
Joined: Apr 2005
Posts: 1,081
Likes: 0
From: Bear Delaware
Originally Posted by sxe60
The major weekly Dealer Wholesale Auto Auctions like Manhiem determine what used car prices will be. Dealers get print outs weekly so they know what selling and for what price. The Blue Book or NADA guide you can get are months behind.
There are many variables in buying a used Vette, but if you look hard enough and are willing to bargain, you can get your deal. The majority of the Vettes on the market are priced with lots of bargaining room, so there's usually a big difference between what is ask and the final sale price.
There are many variables in buying a used Vette, but if you look hard enough and are willing to bargain, you can get your deal. The majority of the Vettes on the market are priced with lots of bargaining room, so there's usually a big difference between what is ask and the final sale price.
