2003 Value Difference
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Joined: Jun 2021
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From: OKC, OK
2003 Value Difference
I'm getting close on a car and have found a HUGE difference in value between the normally reliable NADA ($18000) and KBB ($28000) for the same 2003 vert 6spd. I thought it was an error but checked it several times. Edmunds was closer to KBB. Anyone run into this before?
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Used car values have skyrocketed over the past few months and some on line resources have kept up and perhaps others have not. However, that is one huge value difference. You don’t mention the price of the car you are looking at, so where does it fall within that value range?
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Welcome to the forum! As Jack stated, prices have really gone up quickly. If you tell us more about the car, we can give you a good idea of a fair price. $28K is pretty strong unless it is in perfect condition with LOW mileage. Make sure to get a pre-purchase inspection before you buy. Also, read the sticky posts here for some good info. Good luck.
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Joined: Jun 2021
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From: OKC, OK
Thanks! It's a legit one owner 11k miles, 1SB, mag ride, flawless, never been wet. I'd be in at 25k ish. You're prolly right, NADA will probably adjust upward soon.
Last edited by like2lean; Jul 1, 2021 at 04:28 PM.
Le Mans Master
Joined: Dec 2017
Posts: 5,560
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From: Virginia
2021 C5 of the Year Finalist - Modified
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In today's market, I could easily see that going for $25K. The $28K isn't outside the realm of possibility. If you like it, and it passes a PPI, I think $25 would be a solid offer. Do be aware that a car with such little mileage will have some issues because it hasn't been driven enough. These cars like to be driven. You'll need to replace all the fluids, and pretty much anything made of rubber. Do NOT try to drive the car if it still has the original tires.
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I am a retired new car dealer. Year in and year out the NADA Guide is the least accurate of what must be more than two dozen possible guides. It is honestly not meant to be accurate and up to date, is designed for the benefit of the dealer, and would be a very rare case where a dealer actually makes value judgements using their guide.
