FOR SALE - Silverstone S2000 - 19,678K FIRM
09-25-2006, 12:24 PM
#39
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no , i know what u guys mean, i work at progressive, so the prices u guys are talking about, im assuming at least, are either blue book, auto trader, or maybe u payed an ind apraiser...
i had an 01 that blue book said was worth 15k (high miles) but there are other ways of determining value of a car...for example BLUEBOOK said i should have gotten 14 on a trade... (never trade by the way b/c bluebook is a joke to dealerships) they have their own program that showed the wholesale value at 8...now most dealerships will not show u this number because it gives u an idea of how much they are making on ur car...secondly any finance insitution uses the exact same program to determe approval of loans...when i got my loan for my m3... they also showed me the wholesale (45k) and i asked the lady if she could show me the value of my S if i were to trade it in or get a loan on it...it was again 8 k... so i decided to go back and check audotex and nada evaluator back at my office... wholesale was about 8.5, adjusted was 15 and some other numbers...
trust me i know because ive been there... i saw kbb and wanted no less than 15 for my car, however, i probably never would have gotten it if there are cars like urs that for 1k more they get 20k less miles...
16 sounds like a reasonable starting point for negotiation for the car u are trying to sell...
but like i said, best of luck, i really hope u get every bit of money u are asking for your car... anyways. i didnt mean any offense by it.
i had an 01 that blue book said was worth 15k (high miles) but there are other ways of determining value of a car...for example BLUEBOOK said i should have gotten 14 on a trade... (never trade by the way b/c bluebook is a joke to dealerships) they have their own program that showed the wholesale value at 8...now most dealerships will not show u this number because it gives u an idea of how much they are making on ur car...secondly any finance insitution uses the exact same program to determe approval of loans...when i got my loan for my m3... they also showed me the wholesale (45k) and i asked the lady if she could show me the value of my S if i were to trade it in or get a loan on it...it was again 8 k... so i decided to go back and check audotex and nada evaluator back at my office... wholesale was about 8.5, adjusted was 15 and some other numbers...
trust me i know because ive been there... i saw kbb and wanted no less than 15 for my car, however, i probably never would have gotten it if there are cars like urs that for 1k more they get 20k less miles...
16 sounds like a reasonable starting point for negotiation for the car u are trying to sell...
but like i said, best of luck, i really hope u get every bit of money u are asking for your car... anyways. i didnt mean any offense by it.
09-25-2006, 12:59 PM
#40
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also
according to my nada eval at work... u get an extra 1k for low miles!!! (this is if i was totalling your car)
so ur car is worth as follows
trade ...............loan.........................retail
14775................13,300..................17000
15.700...............14225....................1800 0 -----adjusted
so at a minimum ur car is worth 15700, the most u should pay if bought from a dealer is 18000...loan is complicated but generally less 3k is close to wholesale....
just some random info
according to my nada eval at work... u get an extra 1k for low miles!!! (this is if i was totalling your car)
so ur car is worth as follows
trade ...............loan.........................retail
14775................13,300..................17000
15.700...............14225....................1800 0 -----adjusted
so at a minimum ur car is worth 15700, the most u should pay if bought from a dealer is 18000...loan is complicated but generally less 3k is close to wholesale....
just some random info
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