Kelley Blue Book - Reality?

cyoung

Well-Known Member
Joined
Apr 7, 2005
Location
Gibsonville, NC
I know there are a lot of times when people get really great deals on vehicles but for a typical mid to late nineties 4x4, private seller, all original, good condition; how realistic do you think the KBB prices are? The question has nothing to do with an actual vehicle on this board. At the moment, I'm looking at a 98 Burb for sale that is available for right at the KBB "Good Condition" price. Based on the KBB description of "good", it's probably a little better than good. Any general thoughts on using KBB as a guide?
Thanks!
Charles
 
less than 1% of all vehicles in existence will fall into excellent condition...

There is some merit to it, but I would never pay prvate party for a vehicle I always try to work in the trade in range....
 
Value is relative to the 2 parties trying to find common ground. I always look at loan value which is usually 10-20% below KBB good.
 
I tend to think about anything I buy like this. If it will take more than a week to resell it at the price they are wanting, it isn't worth it.
 
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