Blue book on a cruiser I am looking at shows private party sale of around $7500. Seller is pretty firm at $10,000 and Im pretty okay with that price. Is blue book undervaluing these SUV's because they do not take into consideration the desirability factor?
Is blue book value accurate for an older cruiser?
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I consider Blue Book a guide for banks and insurance companies to value the vehicle, but it is not always in tune with what the market will bare.
I've bought vehicles for over the blue book value, because I thought they were far better than the average car in the list, and when I sold my Toyota Sienna, I priced it at the high side (for room to negotiate), and sold it to the first buyer, who called in the first 15 minutes of posting the ad I could have easily asked for several k's above blue book.
I've bought vehicles for over the blue book value, because I thought they were far better than the average car in the list, and when I sold my Toyota Sienna, I priced it at the high side (for room to negotiate), and sold it to the first buyer, who called in the first 15 minutes of posting the ad I could have easily asked for several k's above blue book.
Agree with @slimbuddha. Lots of things can influence the price. For example, TB/WP is ~1K. New tires are ~1K. Speakers + head unit with GPS, back up camera etc can be expensive. I can see a well maintained car being offered at higher priced than average - and I would not mind paying the premium.
I believe there is also a geographic element in 100 pricing as well as 4Runners and Tacomas. For example, they seem to be more expensive here in the coastal Pacific Northwest (WAY over KBB regularly) than in other parts of the country including the inland Pacific Northwest.
No disagreement. I saw relatively high prices on LC's on the west side of the Cascades...found a great deal on my Cruiser over the mountains in Spokane. Very few for sale in the Boise area...
Toyota vehicles commonly sell for more than blue book. i sold my wifes four runner for like $3k more than blue book and it was 10 yrs old.
I've seen in general that NADA is closer to accurate than KBB, funny that dealers will price their car around NADA but want to give trade values off KBB.
Bluebook is low on older cars in my experience. Try Blackbook. Gives a pretty accurate value in specific market.
Black Book Weekly Values Lite
Black Book Weekly Values Lite
KBB doesn't take into account what's considered a classic or if a model is sought after. I'd use it to gauge a common, normal car that is easily found and isn't really special in any way.
I actually bought mine in Boise. Flew over, had it looked at by that LC shop just outside of town, drove it home. The one I bought would have probably cost $2-$4k more in Seattle. Took me over a year to find that one, and the CL ad was somehow goofed up with a misspelling or something that kept it from turning up in normal searches. I got lucky.
If the shop you used is LTS Motors (Brian and Cory) you made an excellent choice.
If by Blue Book you're referring to Kelly Blue Book you should just ignore them. They decided some time ago that it was in their self interest to appease and pander to the buyer's market - that is car dealers, wholesalers, insurance companies, etc. - rather than to be an actual valuation company. They are commonly 30 to 35 percent below actual market value. What they're doing is basically good old fashion fraud. Just use NADA.
I did indeed, recommended by an 80 owner Boise-ite with whom I am acquainted. I'm glad I found the truck in a town with such a highly regarded LC specialist.If the shop you used is LTS Motors (Brian and Cory) you made an excellent choice.
