"Snuze: Needs another Swede" (markg)
09/30/2016 at 12:10 • Filed to: None
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"Snuze: Needs another Swede" (markg)
09/30/2016 at 12:10 • Filed to: None | 0
| 12 |
What are y’alls thoughts on car value guides, like NADA, KBB, or Edmunds? As I mentioned in a previous post, I’m helping a friend look for a mid-size SUV and a common trend I’m noticing is they tend to run much higher than the value guides suggest. The Cherokee we looked at last night was listed at $2800, both Edmunds and KBB suggest it should be around $1100-1600 private party sale. That fell through and now he’s found a 1999 Nissan Pathfinder at a local mom & pop dealer. It looks clean and only has 119k miles, and they are asking $6000 for it. KBB, Edmunds, and NADA all suggest around $4000 for a dealer price.
Are values on these types of vehicles really that high? Or in the age of Craigslist is everyone pricing their stuff artificially high because they know the first offer will be 50% at best?
Jcarr
> Snuze: Needs another Swede
09/30/2016 at 12:14 |
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I would say that with newer, lower-mileage vehicles, they’re pretty reliable (I usually look up NADA and KBB value, then average). When you get into older, high-mileage vehicles it becomes much more of a crapshoot.
LongbowMkII
> Snuze: Needs another Swede
09/30/2016 at 12:16 |
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Enthusiast cars are always higher, included XJ’s.
The people who value these see them as 20 year old SUVs and value them accordingly. But doesn’t really take in account the number of people who see it as an awesome rock crawler.
HammerheadFistpunch
> Snuze: Needs another Swede
09/30/2016 at 12:18 |
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What Jcarr said, they assume a standard curve per mile and that doesn’t really pan out for a lot of vehicles and it totally ignores market variables.
If only EssExTee could be so grossly incandescent
> Snuze: Needs another Swede
09/30/2016 at 12:26 |
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Jeeps in general will sell for wayyyy more than they’re actually worth.
Shift24
> Snuze: Needs another Swede
09/30/2016 at 12:29 |
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The best way to get a feel of a car’s price is do some research by looking on Craigslist and Autotrader or cars.com. See what similar cars are going for and average it out and then consult Nada (better choice) or Edmunds. KBB is pretty just used as an ad at dealers (it’s 2k less than kbb) and it can vary by as much as $4k on the same car.
I mainly use NADA because it has been around a lot longer and closer to what Insurance companies use, Black Book (which you have to pay for).
But also those prices for a 15+ year old SUV is outrageous. $6k for a pathfinder is ridiculous. Maybe on a 4runner not a rebadged Isuzu.
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Snuze: Needs another Swede
> If only EssExTee could be so grossly incandescent
09/30/2016 at 12:32 |
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I’ve noticed this as a trend. I thought $2800 was too much for the Cherokee we looked at. I mean it was overall nice, but had some “frame” damage over the rear axle. If I had a garage I’d have considered buying it to fix myself, but I wouldn’t have paid for than $2k for it. On the flip side, the only other “cheap” XJ around here is completely beat, way worse than this one, and the guy is still asking $2,000 for it.
DC3 LS, will be perpetually replacing cars until the end of time
> LongbowMkII
09/30/2016 at 12:50 |
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Can confirm. When I was looking at a clean and stock Integra KBB said the value for it was $1,500. Try to find a stock Integra in decent shape for under 3k, It’s impossible.
I wound up buying it for $3,700 but it was in very good shape.
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If only EssExTee could be so grossly incandescent
> Snuze: Needs another Swede
09/30/2016 at 12:57 |
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My all rights my Mom’s old YJ is a heap of junk but because the frame and driveline are good she could easily get $3k for it.
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Snuze: Needs another Swede
> HammerheadFistpunch
09/30/2016 at 12:58 |
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That’s kind of what I was thinking, because I’m tending to find a lot of vehicles priced way above the guides. Though some of these, like the old XJ, are getting harder to find so it’s tough to form a decent basis of comparison.
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Snuze: Needs another Swede
> Shift24
09/30/2016 at 13:02 |
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In this area there’s a relatively small sample size for comparison. But that is a very good point, and generally what I try to do.
DynamicWeight
> Snuze: Needs another Swede
09/30/2016 at 13:34 |
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People on craigslist tend to price into the stratosphere. The same can be said for used car lots and stuff too. Looking at a list of asking prices is going to skew your expectation high.
Think about what the car is worth to you . Then look at examples you like, ignore their price completely, and go over there and offer them what you think it’s worth.
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Shift24
> Snuze: Needs another Swede
09/30/2016 at 13:40 |
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Not sure what part of the country your at but normally I’ll put a 200 mile range on autotrader and go from there. If not try state Craigslist. Not saying you’ll have to go that far for a car but can also give you a bargaining chip saying you saw a similar one up north, South, or where ever for less