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Generally KBB and Edmunds are wrong. . . (archive)

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Posted by 1Josh on February 02, 2001 at 14:26:36:

In Reply to: OT: Blue Book Values? posted by Zoso on February 02, 2001 at 13:00:56:

Every friend that I've ever had in the auto sale/resale business used NADA or Black Book, with a preferance for Black Book values. In my experience this has been consistent the case from the guy who resells auction cars to the high end dealer. Also, the values are not gospel. If a dealer senses a higher localized demand, they'll sell for higher. If the dealer senses a lower localized demand, and can't get one of its wholesalers or another dealer out of town to take it, they'll sell for less.

The other JOsh

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 and 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)?


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