Thursday, January 19, 2012

Quick Question:Selling a used car - list it at blue book value or higher?

I am selling my car and it is in excellent condition. Should I ask for the blue book value of the car, or should I list it higher, expecting people to want to negotiate.



thanksQuick Question:Selling a used car - list it at blue book value or higher?
If you are talking about KBB or Kelly Blue Book, they never bring close to those inflated numbers. On average we sell about $3000 below KBB estimated values. Some has high as $7000 below KBB



KBB prices are in dream land.Quick Question:Selling a used car - list it at blue book value or higher?
Nobody in the real world uses blue book except idiots on the internet.

Black Book is the most accurate value guide and 85% of dealers use them.

Some dealers use NADA because their lenders may lend based on NADA value.

As far as your car,excellent condition should bring a premium price.

I once sold an older low mileage escort garage kept in perfect condition for $1750 and the books said something about it being worth $300-900.

Take the car to carmax %26amp; ask for cash offer.

Then compare the NADA values (Trade in %26amp; retail). Ideally, you want to ask somewhere around a few hundred above the midpoint of the NADA values. But at least $700 and no more than $1200 above the carmax offer.Quick Question:Selling a used car - list it at blue book value or higher?
The "My CAR" typically goes for 7% above Blue book. If this is a different car the demand and price point may vary.

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