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In Reply to: Scotty Boy - posted by tonymontana on October 29, 2000 at 22:13:37:
I don't know that having the loan value or the wholesale value is going to help that much. Furthermore, I don't know how you could expect someone on this board to have as good an idea of the resale value as Edmunds. I think you are better off with them as a guide (even if they aren't 100% on the money) than using people's own personal theories or predictions.
I have noticed that asking prices for vehicles at www.classifieds2000.com are consistently higher than Edmunds states, but don't people always ask for a high price?
BTW, I am not rich and I don't subscribe to the point of view that says "if you don't blow money thoughtlessly, you can't afford a BMW". I will be in the same boat as you next summer (lease expires on Jeep Grand Cherokee,, I was self employed).
BTW, how did you come to the conclusion the NADA and Edmunds are crap? Have an example?
-Scott
No offense, buy you are a royal pain in the ass.
Yes you have pointed out resources - I have visited them 100's of times...
If you are so damned bored by my posts - don't read them. Guess I'm not wasting YOUR time as you have enough time on your hands to read and reply to all of my posts.
Maybe you are a multi-millionaire - if so, good for you. I'm not, and I'm careful; and, unless you can write off a car for business, I don't believe in leasing cars. Leasing allows the average person to buy a car that they cannot afford and have no business driving.
I'm a cash buyer. I either put away money for a long time or finance the vehicle in a way that I can write-off the interest. Either way, this is a big expenditure; and I want to learn all that I can.
From past experience, Internet trade-in figures are not real world figures...they are completely inaccurate. The only accurate source is the dealer's black book which I do not have access to.
The crap that you buy in Barnes & Nobles (black book/NADA, etc.) is junk - absolute junk. Unfortunately I don't have access to the real figures.
Thus, I'm trying to see if someone on the board does.