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Do you consider Kelley Blue Book value fair?

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Do you consider Kelley Blue Book value fair?

Old 01-17-2005, 01:10 PM
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Default Do you consider Kelley Blue Book value fair?

http://www.kbb.com/

I'm in the market for a used pickup, and my brother is selling his. He gave me the specs, and I entered em on this site.
I dont think he is going to be happy with what they say his trucks worth...

Why not enter your own trucks value in, and see how close you think they are...I'm curious as to what people think.
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Old 01-17-2005, 01:16 PM
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Default RE: Do you consider Kelley Blue Book value fair?

Be sure you look at "Private Party" pricing. I usually check KBB, Edmunds, and NADA. Add all three togther and divide by three!!
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Old 01-17-2005, 01:50 PM
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Default RE: Do you consider Kelley Blue Book value fair?

Up here, No. NADA is used. The Blue Book is called the dreamer book. This info was given to me from my brother in law as well as my insurance company.
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Old 01-17-2005, 02:10 PM
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Default RE: Do you consider Kelley Blue Book value fair?

15 years ago, or so, when I sold cars for a short bit, the used car managers used what they called the "black book," and sure enough -- it was a small, black book. I believe it was NADA published on a subscription-only basis, to dealerships, and it was the only guide they'd look at.

No matter how clean the vehicle, they'd look it up under the "average" condition, and add/subtract for mileage or major items only, like auto. vs. manual, or lack of A/C.

IMO, if you want the truck, I would do my damndest to avoid being the one to "shock" your brother with some price you've derived from an online guide over the internet. (Though NADA "trade-in" seems reasonably accurate as a starting point). Anyway, you put yourself in a no-win situation, immediately.

How about this -- ask him to take his truck to the local dealership, and get it appraised. Offer $500 more than the wholesale (aka "trade-in" or "ACV") value he receives.

If you really want to be brutal, suggest he use the "CarMax -- we'll BUY your car!" service, which will be another $500 less than wholesale, even....

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Old 01-18-2005, 08:00 PM
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Default RE: Do you consider Kelley Blue Book value fair?

Gonna follow this question with another...

Anyone use a online service for truck shopping?

Pros? Cons?
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Old 01-18-2005, 08:32 PM
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Default RE: Do you consider Kelley Blue Book value fair?

Car Max is a JOKE unless your buying. I had a truck for sale once and I had them look at it. They wanted to give me 7k for it.. I bout fell out the boat.... I sold it my self for 13k.
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Old 01-18-2005, 09:02 PM
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Default RE: Do you consider Kelley Blue Book value fair?

If your looking for trade in value, the dealers will research what the "auctions" are bringing for similar vehicles. (wholesale)

KBB is half decent for private party sales.
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Old 01-18-2005, 10:09 PM
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Default RE: Do you consider Kelley Blue Book value fair?

Semi - 1/18/2005 9:00 PM

Gonna follow this question with another...

Anyone use a online service for truck shopping?

Pros? Cons?
I sort of bought my truck online. I responded to a promotional on auto-by-tel & had a dealer contact me. Once I went to the dealership, I found out they did not have a truck to my liking in stock, but would search other dealerships. I just went to another local dealer with a larger inventory, explained the deal (showed him the web page) and he matched it with a vehicle in stock. I saved a huge pile of cash, with the discount and rebates. It was the easiest negotiating I've ever done. Very professional. Just politely said here's what I'd like to do and can do with this dealership, would you like my business?

Did that 4/01. +80K later, still happy with the deal and truck.

Although, I bought a Dodge, so some of you will say I paid too much regardless.
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Old 01-19-2005, 10:42 AM
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Default RE: Do you consider Kelley Blue Book value fair?

Semi - 1/18/2005 9:00 PM

Gonna follow this question with another...

Anyone use a online service for truck shopping?

Pros? Cons?
We need to replace my wife's '89 Accord in the very near future, and I've taken a look at some of the online pricing/buying services, myself.

I guess it all depends on your motivation, and degree of dislike for visiting a dealership in person. I really don't mind working with a salesman, maybe 'cause I've worn those shoes myself. If I'm not bull-sh*tted, and am treated with respect, I'd rather see a salesman make a buck, even if it's just a minimum commission deal, than some back-room internet or fleet sales manager.

Also -- the *only* way that I know of to truly get the "best" price, is to battle it out, with an initial low-ball, and drag the process out over days.

I remember, thinking back -- many of the other salesman, and sales managers, used to hate dealing with certain ethnic groups, and would refuse to take them as an up, if they saw them on the lot. Why? Some of it was from plain old garden-variety, a*shole bigotry, and rest of the dislike came from the customer being a stubborn negotiator....They'd come in with a price just a hair over being ridiculous -- say we had $18,500 in the car, with a $750 incentive, the customer would want to buy at $17,200. And it would take a week to get 'em up another six or seven hundred, and we'd either sell the car at a scant $100-$300 gross, or else the sales manager would scream at me to "get those [racial epithet deleted] the F*CK off my lot!." Man. bringing back some memories -- I didn't do that job long, about a year -- but it was pretty...educational.

Anyway. A lot of people really hate dealerships, and for good and bad reasons. I think, yeah, in this case, an online buying service makes a lot of sense. I think you'll get a *good* price, for sure, with none of the haggling, and maybe, all-in-all that's best, since the most ball-busting buyers are going to get consumed with the bottom line, and never be entirely happy. Flip side is you might be buying sight unseen, no? A new car hasn't been titled -- that doesn't mean it might not have 1238 miles on it, from the lot boy tearing around in it, to get hamburgers, etc. Read the fine print.

Also -- and you may believe this or not, as you choose -- again thinking back, one of the lines of cars I sold was BMW's. At any given time, we might have had 3 or 4 identical models of 3-series in stock, except for paint differences. All 3 would have subtle differences in the way they drove...Could be many things; tire pressure, etc., but if you *have* a chance to take the pick of the litter, why not?

At any rate, for sure there's excellent pricing info out on the net, with Edmunds, carsdirect.com, etc....I would think in a couple hours you'd put yourself within a few hundred of a realistic bottom line, just by reading.

Not going to buy your bro's truck? What are you looking at?
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