Evo X or 370Z???

cossie1600 · 10-29-2012, 08:15 AM

That used to be the case, but lately all dealers seem to be using KBB (which seem to have come down quite a bit)

Red__Zed · 10-29-2012, 08:23 AM

Quote:

Originally Posted by cossie1600

That used to be the case, but lately all dealers seem to be using KBB (which seem to have come down quite a bit)

I paid several thousand dollars less for my Z new than It was "worth" 1.5 yrs later with 15,000 miles on it.

At the end of the day, kbb is a tool. Dealers will talk about it when selling because it looks favorable, and when taking a trade in because consumers have become obsessed. They care about black book because that's what they'll get, and anything they pay you over that is coming out of the new vehicle.

Hbomb · 10-29-2012, 03:58 PM

Quote:

Originally Posted by Red__Zed

I paid several thousand dollars less for my Z new than It was "worth" 1.5 yrs later with 15,000 miles on it.

At the end of the day, kbb is a tool. Dealers will talk about it when selling because it looks favorable, and when taking a trade in because consumers have become obsessed. They care about black book because that's what they'll get, and anything they pay you over that is coming out of the new vehicle.

This is true. Every car I have purchased the they referance "what a deal" I am getting because I am at kbb or under, but when you want to trade in, thats when the "who's kelley? He doesnt work here" comments come in

cossie1600 · 10-29-2012, 04:03 PM

Quote:

Originally Posted by Red__Zed

I paid several thousand dollars less for my Z new than It was "worth" 1.5 yrs later with 15,000 miles on it.

At the end of the day, kbb is a tool. Dealers will talk about it when selling because it looks favorable, and when taking a trade in because consumers have become obsessed. They care about black book because that's what they'll get, and anything they pay you over that is coming out of the new vehicle.

Like I said, that used to be the case. Now it seems like blue book runs lower than black book and that's what they are using. I had posted something about it before.

Red__Zed · 10-29-2012, 09:06 PM

Quote:

Originally Posted by cossie1600

Like I said, that used to be the case. Now it seems like blue book runs lower than black book and that's what they are using. I had posted something about it before.

That's pretty clearly not true based on a cursory look at blue book and black book values. What cars are you looking at to come to that conclusion?

cossie1600 · 10-29-2012, 09:44 PM

Quote:

Originally Posted by Red__Zed

That's pretty clearly not true based on a cursory look at blue book and black book values. What cars are you looking at to come to that conclusion?

I went to 5 different dealers when I was shopping for a new hybrid for my wife last month. At the time, I found my Prius to be worth $13420 from the black book in average condition and mileage. The bluebook returned with $12000-13000 with the same thing. (They almost never give you excellent condition). In all five cases, they came to me with the actual printout from the bluebook website. I basically walked out on all of them as I wanted $14K.

When I bought my Z three years ago, the blackbook was $1-2K less than the bluebook. And they never showed me anything from the bluebook.

Red__Zed · 10-30-2012, 08:04 AM

Quote:

Originally Posted by cossie1600

I went to 5 different dealers when I was shopping for a new hybrid for my wife last month. At the time, I found my Prius to be worth $13420 from the black book in average condition and mileage. The bluebook returned with $12000-13000 with the same thing. (They almost never give you excellent condition). In all five cases, they came to me with the actual printout from the bluebook website. I basically walked out on all of them as I wanted $14K.

When I bought my Z three years ago, the blackbook was $1-2K less than the bluebook. And they never showed me anything from the bluebook.

So, like we've discussed, black book is based on auction prices. High demand cars like Prius' and supras and foxbody mustangs will tend to be undervalued on blue book because they use a fairly consistent formula. That doesn't mean blue book as a whole tends to overvalue cars.

cossie1600 · 10-30-2012, 09:35 AM

Quote:

Originally Posted by Red__Zed

So, like we've discussed, black book is based on auction prices. High demand cars like Prius' and supras and foxbody mustangs will tend to be undervalued on blue book because they use a fairly consistent formula. That doesn't mean blue book as a whole tends to overvalue cars.

I was on your side until I went car shopping the last two months. The prices were roughly the same for my Z and the Cube (which I eventually traded). The blackbook consistently came in HIGHER than the bluebook on all three cars. Also on the newer car I bought, the blackbook prices were so high that they were near some of the retail prices. I am not sure of the change either. I have this theory that bluebook got so popular that the dealer paid them to lower the prices so they can get more deals done.

10-29-2012, 08:15 AM	#1 (permalink)
cossie1600 A True Z Fanatic Join Date: Jun 2009 Location: californee way Posts: 5,380 Drives: 370, Leaf Rep Power: 32	That used to be the case, but lately all dealers seem to be using KBB (which seem to have come down quite a bit)