10-30-2012, 08:04 AM
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#9 (permalink)
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A True Z Fanatic
Join Date: Jul 2010
Location: window seat
Posts: 28,940
Drives: Mostly on two wheels
Rep Power: 122
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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.
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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.
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