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KBB values suddenly higher?

C

Cali

New member
Joined
Jun 26, 2002
Location
BOI
Moto(s)
Yamasaki CBR 750
Checked the value of my car, according to them, a few months ago and it was about $2k lower then it shows it today. Went back to make sure the info was right, and it is... just for a couple grand more.

Time to trade it in maybe? :laughing
 
the cost of used cars is rather high at the moment. it's easier to put you into a new camry than a used one. i know because we sell hundreds of used cars to dealers every week.
 
Private party is about $2k higher than it was before and the trade-in value is slightly higher than what the PP value used to be.
 
Used car prices are up. I just sold my Testa Rossa prototype over the weekend and I can't believe how much someone paid for it.
 
HIglesias said:
the cost of used cars is rather high at the moment. it's easier to put you into a new camry than a used one. i know because we sell hundreds of used cars to dealers every week.
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I was looking at a 2010 or 2009 Honda Civic. I ended up with a brand new 2011 Civic because of the lower interest rate...and well...why the hell not get a brand new car.
 
I just paid more than I wanted (but still under what we budgeted) for a new used car at a (gag!) used car dealer. could've waited but wasn't finding many other good examples of what I was looking for (Subaru Impreza Outback Sport automatic with less than 150k miles for less than $5k).

meanwhile, I've got a friend chomping at the bit to buy our old car even though it's a total POS.
 
I don't get excited or concerned at fluctuations like this anymore because most of my used car significantly rise in value when I fill up the gas tank.
 
fromeast2west said:
Used car prices are up. I just sold my Testa Rossa prototype over the weekend and I can't believe how much someone paid for it.
Click to expand...

I would think the high end car market wouldn't feel it as much.
 
Dont bother looking at KBB trade in value or NADA trade in value. You will be hard pressed to find a dealer who will give you close to trade in value when they look at auction prices and base your trade in on that.

Why even have a Trade in value when they dont look at it?
 
KBb is kind of a joke. I've both paid way more and way less for cars than kbb depending on condition and how I believed the owner took care of it.
It's only really useful for late model econobox appliances.

I had a drunk total a trophy winning karmann ghia and the first check his insurance sent me was for $1600 cuz that's what some guide said an excellent condition 45 year old VW was worth:laughing
 
plumber said:
The person following you doesn't.
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They should GTFO it. If you follow me, you'll achieve 60mpg as well! If you tailgate me, I'll pull the choke and smoke you to death. :)

Nothing like being able to fix an entire car with a 10, 11, 12, 13mm socket and some gasket glue. So what if my top speed is 75mph..riding alone with no luggage. God, I can't wait to be able to afford my BMW 750.
 
Man. Maybe I should put my truck back on the market for kbb value and start from there :teeth
 
Used prices are up because of the Japan quake. Lack of new cars coming thrgh the supply chain and parts shortages are the main causes.
 
What kind of car and miles?

Used cars are holding firm in the $15-30K price point. The reason has alot guessing but after watching limited 2007/2008 vehicles cross the block from the finance auctions, it seems there's a severe shortage of the finance company cars hitting the used market. Most likley this is due to a lack of leasing in the 2007-2010 period and thus, a lack of used product. Add on top of that the increase on drivers who are purchasing their leased cars outright and the supply has fallen even further, driving up the prices of in demand cars.

However if you want a cheap low demand car, they're still out there. Stuff with 50K miles plus still isnt' moving all that well. No one wants it on the wholesale end, despite the retail market not being horrible. Buyers still think it's a buyer's market..it's not.

BMW 335i's have moved up about $2K. G37S has moved up about $1500. Trucks have edged lower. Anything not limited production above $30K is in lower demand as well, until it gets to that $30K price point.

I'm pretty sure this has mostly to do with low leasing in 2008 going forward.
 
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