Evo X or 370Z???

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.

Red__Zed · 10-30-2012, 09:35 AM

Quote:

Originally Posted by cossie1600

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.

Post your numbers then.

cossie1600 · 10-30-2012, 12:00 PM

Quote:

Originally Posted by Red__Zed

Post your numbers then.

I just showed it to you on my Prius, I will show you another one. How about that?

Blackbook listed my Lexus as such, KBB has it listed at $1K+ lower. How is that higher?

Black Book Trade-In as of 10/29/2012
Clean Average Rough
Base $39,570 $37,110 $31,105
Options $750 $750 $750
Mileage ($2,250) ($1,600) ($1,075)
Total $38,070 $36,260 $30,780

Excellent
$36,510
Very Good
$35,710
Good
$34,410
Fair
$30,610