I bought an 1997 ford mustang from a carlot and they are charging me waaay more than what kelly's blue books says it is worth. It is in great condition. Is there anything I can do or say about that or is it too late being that I already signed the contract and all of that, pls let me know. Im an 19 year old young lady could they have tried to pull a fast on me?!!
2007-01-09 13:06:14 · 13 answers · asked by ♥Im Eric's Chic♥ 3 in Cars & Transportation ➔ Buying & Selling
kelly blue book is just a guess, or a starting price as to what they think a car should be worth. It is not nessesarily what a vehicle is worth. For example alot of older nissan sport cars sell for 2 or 3 times there blue book value, because alot of people want them. Public demand for a certain type of older vehicle is not figured into bluebook. But to answer your main question, no there isnt much you can do. and most carlot cars are marked up, so they can sell them to people with little or no credit..
2007-01-09 13:13:10 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Once you sign the papers you are legally bound to the contract.
Kelly Blue Book does not necessarily give you the exact market price on the car.
Plus there are actually 3 different value systems in most price guides.
Trade In Value
Retail
Private Party
If you bought the car from a lot and they paid $7000 for it and put $2000 into it to bring it back to great shape you will pay $9000 for the car even though they paid $7000 originally. The person that fixed the car needs to get their money back they put into the car.
To get a closer estimate on what you should have paid for the car take a look at the web page below.
Also make shure you see what the car is retailing for <--- that is what you as a consumer will pay at a car lot.
Not a Private Party price.
Sorry if you over paid sometimes it happens specially if you see the car you love you get it and the next day you are disappointed because you see it somewhere else for less money.
Price the car out at Edmunds.com and find out what the retail value is.
2007-01-09 16:01:44 · answer #2 · answered by Robert K 3 · 0⤊ 0⤋
They could have, but as you see from the answers, blue book isn't an absolute guide. It's certainly too late. Just try to enjoy it! I bought a car in great haste, after mine was totaled, (CLEARLY not my fault), but my insurance company didn't put up much of a fight for me & I had run out of rental reimbursement. I never even attempted to negotiate the price! As long s it's in good condition, consider yourself lucky. I'd also venture to say, I'd never buy a car from a private party. There are far more potential dangers in that! The car I bought doesn't like ME, & I don't like IT, but that's blood under the bridge. At least it's finally paid for! Next time, you (& I!) will give more careful thought???
2007-01-09 13:40:17 · answer #3 · answered by Psychic Cat 6 · 0⤊ 0⤋
If you already bought it and took delivery there is really not much you could do, unless they have a return policy. If you didn't already take delivery, you may be able to cancel, but could forfeit your deposit at their option. Keep in mind, Kelly blue book is a guide, and lower mileage, extra clean cars hard to find cars could go for more than book depending on the particular car. What are they charging & what is book? It's usually best to research before you buy. In either case, you probabaly got a really nice car, so enjoy!
2007-01-09 13:15:29 · answer #4 · answered by justcurious 6 · 1⤊ 0⤋
was it a buy here pay here lot or a regular car dealer.. The way most dealers work when you buy a car is sell it for book value and then with taxes and finance charges on top can easily make it seem like you are paying way more than book value..
2007-01-09 13:13:15 · answer #5 · answered by r w 3 · 0⤊ 0⤋
that's not continuously honest, regardless of the indisputable fact that the basically problem they owe you is 'actual funds cost' for the motorcar that became totaled. not something more desirable, not something a lot less. maximum coverage businesses do not bypass through KBB...in case you seem interior the e book, it really is a 'coaching guide' basically and more desirable typically than not utilized through sellers. Be sensible, do your own analyze on what your motorcar is nicely worth with on line help. regardless of in case you employ an lawyer, they could't get you any more desirable and maximum received't take a case except there is actual damage (no earnings it for them).
2016-10-17 00:35:29 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Blue Book is not a car bible...It is a GUIDE,in which is not always right...Blue Book and NADA are at times 3000.00 difference on the same car...They dont know what a particular car is worth..The only way to give an exact appraisal is to actually see and drive a vehicle..
2007-01-09 13:25:36 · answer #7 · answered by Harley-HST 4 · 1⤊ 0⤋
contract is a contract, feel better if you check other dealers and describe car to ask actual cash value - blue book is a very rough guide at best- good luck Bill
2007-01-09 13:15:33 · answer #8 · answered by Bill W 1 · 1⤊ 0⤋
Most contracts have a three day recension, call the State Attorney General NOW. If over Three days, Call the state attorney general and ask for help.
2007-01-09 13:14:55 · answer #9 · answered by goodforwho 4 · 0⤊ 2⤋
too late, you should have at least tried to get them to lower the price at the dealer no matter what it was originally.
2007-01-09 13:10:59 · answer #10 · answered by Anonymous · 1⤊ 0⤋