In Reply to: OT: Blue Book Values? posted by Zoso on February 02, 2001 at 13:00:56:
The second thing to make sure of is the car has not been in an accident or anything else. Does the dealer provide a warranty on the car from date of purchase?
Offer the dealer $9,000 and see what he comes down to. This is assuming all the other stuff checks out.
I'm having a hard time understanding or interpreting the blue book values. I always thought that the blue book values were what your car is worth. I do understand the differenced between trade-in and retail prices.
My girlfriend is currently looking at getting a used 96' Ford Explorer XLT. 62,000 miles. Well loaded. Good condition. The dealer wantes about 10k for it. I go on kbb.com and edmunds.com and they both say that the truck is worth between 13k and 14k (retail) and over 11k trade-in. I seriously doubt the dealer would sell it for lower than its real value.
Why such a discrepency? Things for my M3 look fishy too. Retail is 37k while trade in is about 30k.
Anyone have anything good or bad to say about a '96 Ford Explorer XLT (4.0l)? Anything I should look out for (besides the tires)?