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In Reply to: price disparity between 'blue book' and asking posted by fidel on May 23, 2002 at 08:35:32:
Nothing new here.
Blue book value is just a guideline of what blue book or Edmunds etc thinks the car should be worth based upon average reported dealer sales and auctions. Actual worth is determined by the buying market (supply vs demand).
Since the invention of the internet... finding and buying cars is much easier than ever (I've bought two euro BMW's from europe via the net w/good results totally via email) So the buyers and seller range is now virtually the entire world! Can't find that euro BMW in california... but there's one in Virginia and the price is right!
Most owners selling their car look at the blue book and depending upon how many are currently on the market either use that price or ask more if they think they can. It simply comes down to the buyers, on if they are willing to pay the "asking" price (I for one always barter and try to talk the owner down at least $500-$1K) That's part of the fun of buying any collectable car..... and most would be sellers know this and add $$ above what they really want.
Once I bought a 68' super seven advertized for $14K for $8K? How? I had cash in my pocket and the owner wanted the car sold before he left for europe. Being at the right place at the right time with cash can get you an incredable deal.
Just wait for the right car.....and the right seller.....
WH
17 cars...
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