Quote:
Originally Posted by Jordo!
The only values that hold any real water are the ones listed in the Black Book -- those are auction prices, and they are referenced by government agencies in determining the "real" value of things.
Likewise on insurance claims.
Also, note that trade-in values are always awful relative to private party sales. Unless there's no way to do the deal without a trade-in (e.g., not enough cash on hand for a down payment), you are always better off selling the car privately.
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KBB fair trade-in is generally (more or less) black book price. It is pulled from the same data set.
Part of their bad rep comes from user error--everyone puts their car as "excellent," when it generally is not, nevermind it's hard to find someone that cares.
The other consideration with trade-in is tax benefits (which vary by state). I saved $4k or so trading my mustang instead of selling--otherwise I'd have never traded it in.