In Reply to: Prices here vs Edmunds and KBB - What the [email protected]?? posted by buyers market on January 29, 2001 at 22:37:46:
Example, 1998 M3/4, manual, 25k miles, outstanding condition, cd, cruise, computer, heated seats, spoiler:
KBB: $32,400/$39,900 (trade in/retail)
Edmunds (TMV system): $30,800/$34,200 (trade in/retail).
Some guidance! The truth is that neither is accurate and both over estimate what the cars really sell for. Hell, both add $700 or so for the automatic, and we all know how true That is, lol.
Cars are bad investments. One can expect, at best, a car to be worth 70% of its MSRP after 3 years, and that's outstanding. That means '98s should sell for roughly $28-30k now. The M3 rocks but it's a fairly common used car.