Blue book vs black book vs trade-value... CAR GUYS - The Hull Truth

Today, 07:35 AM
? Join Date: Jun 2010 Posts: 2,526	I know many of you are car Guru's and can explain this to me.... The blue book is basically an idiots guide to buying overpriced cars.... The black book is the real high side of what you want to pay for a car, yet dealers use this to entice buyers into paying more by saying this is the trade in value of the car.... Then there is actual trade in value which is significantly less then blackbook.... Where is the best place to get a high end used car? Go to Auction? Pay blackbook + $500? Craigslist and a private seller? Thinking that going to the auction is going to be the prudent route to take.... Your thoughts are greatly appreciated....
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Today, 07:46 AM
Senior Member ? Join Date: Mar 2006 Location: Long Island, NY Posts: 3,795	Private sale is always better of course. Dealers have to make their profit and they make more money on used cars than they do selling new cars.
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Today, 07:57 AM
? Join Date: Sep 2012 Location: Greenville/MHC, NC Posts: 156	Quote: rule #1 of Auctions: These are cars reputable dealers do not want to sell.... A lot of truth to that statement, but not always the case. Where people get into trouble with quides, be it KBB or Black Book, they are guides for professionals. You have to know what the current market is in relation to the guides. Buying used cars is like buying used boats. Zero in on what you want, use the guides to at least have a starting point. It will not take long to determine what a fair market price is for what you want to buy. Then shop for deals because you know the market. When you buy at auctions you are usually buying from pros and to get the car you have just outpaid all the pros bidding on that car.
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Today, 12:11 PM
Senior Member ? Join Date: Feb 2008 Posts: 259	When you go to the auction make sure you are accounting for buyer fees, buying a car that most likely needs reconditioned, getting ran up by the sellers buddy, and a number of other different things. Nice cars sell themselves off a used car lot, most vehicles that find themselves at an auction are their for a reason. I think you will also be surprised at what a decent car will bring at the auction.
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Today, 12:16 PM
Senior Member ? Join Date: Apr 2012 Location: Curacao Posts: 1,236	Craigslist is good but hard to know if its a scam or not. Auctions have good and bad days for both the seller and the buyer. Carmax sells overpriced cars. Autotrader is good place to search.
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Today, 01:45 PM
? Join Date: Jun 2002 Location: Long Island,NY Posts: 7,589	Quote: Private sale is always better of course. Dealers have to make their profit and they make more money on used cars than they do selling new cars. There is a higher chance of getting swindled from a private seller. Many of the more reputable dealers will stand behind the cars they sell at least a little bit. After you complete the private sale, you are 100% on your own. That being said, there can always be some crooked dealers around.
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Today, 02:43 PM
Junior Member ? Join Date: Oct 2011 Posts: 18	Quote: rule #1 of Auctions: These are cars reputable dealers do not want to sell.... You could not be more wrong. I have been purchasing used vehicles through agents at Mannheim for over a decade. Family has purchased well over a dozen cars there, including BMW, Lexus, and Cadillac. If you know what you are looking for you will flat out not get a better deal anywhere else. Buy a car that is still under factory warranty and it all holds just like you bought it new. Many dealers move cars to auction simply to get the cash in hand faster, particularly if it is not a model that sells well in their area. The other streams that move through auction are the manufacturer factory fleets, which are the cars that the execs drive for 12 months then turn in. There are a lot of good opportunities to be found there. By the way, the auctions set the "trade in" values that are published by NADA and KBB, so if you want the most up to date real values, find someone with a seat on the auction and have them pull the previous few week's run of the model you're looking for.
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Today, 02:55 PM
Senior Member ? Join Date: Mar 2011 Posts: 211	That will never change. Some auctions do not allow any touching of the car.............People are stupid if they think low price is everything. Auction cars have transferable warranties. 0 to 0
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Source: http://www.thehulltruth.com/boating-forum/482631-blue-book-vs-black-book-vs-trade-value-car-guys.html

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