Asking Price
- Thread starter 14theroad
- Start date
Well, there's two blue book quotes...one for a dealership prepared car and one for private party. Personally I think blue book is a bunch of insurance industry backed nonsense. Cars don't loose that much value that quickly, but hey who am I to question. At this point it's just a self-fulfilling prophecy. If your car was uncommonly maintained, or you just put in a new transmission or something, I would pay a few thousand more than blue book. Otherwise, I'd be offering less than blue book.
Yeah, the blue book is just a guide. The price of the car can be above or below the blue book depending on the condition and the market. I would look in the newspaper and see what other similar cars are asking for in your local area. You can also try Edmunds.com and use their True Market Value calculator and get an idea. I think most cars are sold between private party value and trade in value. But of course BMW are different and might be sold above private party.
NOODLE, you are right on the money. KBB for my car was $2895 or something like that. I got $3200 from insurance before they took out taxes, deductable, and other stupid fee's. I know for a fact that a pristeine 1988 325is would go for $3500+. I was going to fight it, but my dad wouldn't let me...funny, he's the one who's mad at me for not having a car already (even though I just got the insurance check 4 days ago ![[rofl]](/images/smilies/icon_smile_rofl.gif "ROFL [rofl]")
).
Insurnace itself is a bunch of bullshit. I think we need someone to start a low-bs insurance company.
). Insurnace itself is a bunch of bullshit. I think we need someone to start a low-bs insurance company.
14theroad said:
Quick question..........If you are selling to a private party, how much above Blue Book is acceptable to ask? I have never sold a car before....always traded in.
Thanks for your help
Thanks for your help