2007-11-08 10:26:18 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Kelly Blue book is a guide, and usually the prices are inflated compared to real world conditions. There is a saying in the business that "Mr. Book" has never written a check for a vehicle!
Most book values are based on information that is at least 2 weeks and sometimes several months old. The market can change rapidly, and the books do not reflect the most recent changes.
A dealer who pays KBB prices for cars will not be in business long! Most times it is hard to sell a car for KBB also.
2007-11-08 10:54:37 · answer #1 · answered by fire4511 7 · 2⤊ 1⤋
KBB and NADA used to characterize a lot extra advantageous than it does now. The financial device is terrible. that's a sellers industry, and sellers comprehend it. shoppers are finding for the final deal a danger and sellers want money speedy. virtually each and every motor vehicle is going for extensively under e book fee. I merely bought my cadillac STS for $23,000. KBB valued it at $29,000.
2016-10-01 22:22:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes....if you buy at a falsely deflated price and then sell at an inflated one, you generally make good money at it.
2007-11-08 10:30:51 · answer #3 · answered by Anonymous · 0⤊ 2⤋
Yes - that is why dealer's use KBB.
You should use True Market Value on www.edmunds.com.
2007-11-09 23:20:34 · answer #4 · answered by Ansrgeek 7 · 0⤊ 2⤋