
Originally Posted by
80sGuy
KBB is the
official book used by dealers (and auction houses) everywhere.
Here's just one, I'm sure there are many more...
Black on Black, Quattro, Xenon, New Tires, Fully loaded, Like new, One owner, Memory and heated seats....don't even give me the "this one's got like 9k more miles" because it's nothing compared to what this car's got, not to mention - California car!!!
http://www.cars.com/go/search/detail...eadExists=true
KBB is not the official guide of any dealer. KBB does nothing for you except give you an amount somewhere in the range. Thats it. Ever hear of Black Book. That's what dealers use. Its not really a guide like KBB, but its referred to as the Black Book. Dealers will buy cars at what the current auction dictates. If you go to trade in your car, they will look up the last few that sold at auction, and give you that as a starting trade in value. You can go up from there if you haggle, but they will always say thats what the cars worth. That way, they won't loose money on the car if they have to flip it at auction 2 months later if it doesn't sell.
KBB is a joke in a dealers eyes. If you bring in KBB, they smile at you.
I have a cousin and friend who have worked in dealerships for the past 6 years. There isn't a lot I don't know about the goings on in dealers. The cousin is a sales manager at a Volvo store, and the friend a salesman. (aside from leases, those are new to me)
To the OP...find someone who can get you recent auction prices. Figure they own the car for that, add a little for their prep to get it into sale condition (cleaning, new tires, breaks, oil, etc... whatevers needed), plus at minimum $500 profit. Unless it's a new car, there's no incentive for them to lose money, so they must have some profit to sell it to you. Thats their lowest price. (THIS GOES FOR USED CARS, new cars its a whole different story)
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