final true value after negotiating a car's price? Is the Edmunds true value supposed to be the true value after negotiating/making the final decision? If the car i'm thinking about has a huge gash in the door from another person opening their car door on it, and 2 dents on the other side, could this take the cars rating down from excellent to good? The gash doesn't effect my driving/safety at all, but it is still pretty huge, and I might want to have the door replaced. Thank you very much for your time!!
2007-10-23 03:18:42 · 4 answers · asked by Pookie 2 in Cars & Transportation ➔ Buying & Selling
In the US, I'd say kbb values are too high, and Edmunds are pretty close to the market. It seems you've already noticed they are not similar numbers, Edmunds TMV is always less.
As for your damage question, if you think the car would be excellent were it not for the damage, check with a body shop on how much it would cost to fix it, then deduct that number from the Edmunds TMV for the vehicle, and that's going to give you a pretty good idea of it's value.
And - as always - get it checked by a mechanic before buying.
2007-10-23 03:55:51 · answer #1 · answered by PMack 7 · 1⤊ 0⤋
PMack is pretty correct...There are many factors to consider in reaching a set price on a car...check other dealers and independant sales of a similiar vehicle, options, general condition and mileage for what the price range is for a given vehicle. Any damage to the car you're looking at should be examined by a couple of quality bodyshop to estimate the repairs needed which will lower the value and alter the selling price versus one with no damage. Get a history report on it or contact the previous owner for any maintenace, use or repair records. Have the vehicle inspected by a mechanic you trust before the sale....if the dealer refuses, walk away from it. Dealer guarantees of vehicles are sometimes hard to negotiate and get compliance after the sale. Better to spend 100.00 to have it checked out first than to have a huge repair bill or problems in a few months. Ultimately, you are the one with the money...any vehicle is only worth what someone is willing to pay for it but you walk a fine line between getting the car you want at the right price and a fair profit for the dealer.
2007-10-23 04:31:28 · answer #2 · answered by paul h 7 · 0⤊ 0⤋
An excellent condition for a car would be no reconditioning of the car at all. No stone chips, interior perfect, tires in great shape and so on. Good condition would mean little reconditioning such as dings or minor scratches, some tire wear and some flaws in the interior. The black book is what all dealers use because that is what the car are going for at the auction. In some states you can not show negative equity, such as Ohio, so Kelly blue book does not take this in consideration. If the paint is not chiped in you door then try a dent removal company have them take it out along with the other dents. You will be amazed what they can do!
2007-10-23 04:04:29 · answer #3 · answered by Jon G 2 · 0⤊ 0⤋
Blue Book is an assumption of what a cars value would be, however it does not aways reflect on MARKET VALUE (the price they are actually going for)
I would suggest looking in the classified section of your local newspaper or on-line classifieds like Recycler. com to get a better idea of the car's value.
2007-10-23 03:56:12 · answer #4 · answered by N3M3S1S 1 · 2⤊ 0⤋