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Old Feb 4, 2011 | 04:15 PM
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sanitarium
Joined: Jan 2011
Posts: 13
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Default Re: Question on value

Don't go by kbb or nada, in the past couple of years the car industry has changed so much the books sometimes can't keep up. I have booked out vehicles that are way off from the market place. In my opinion, the best rule to follow is just look at the market for that vehicle. Look at retail prices in places like auto trader, cars.com ect.. and get an average price. You should figure out how much the total cost will be and on average, deduct a few thousand for the salvage title. I have seen some dealers/body shops come out thousands below market for a hefty profit. But then you have to find a customer willing to buy a salvage vehicle.

I am unsure if you are buying to resell or to keep. But obviously try to buy lower if you are going to resell to make that hefty profit! I just watched a srt6 with 12k bring 13600 at auction while the wholesale value was at 15k. And I just seen the dealer list it on auto trader for the average market price of 18k. Just because he got a good buy on the car doesn't mean he will retail it for a good deal!
 
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