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Would enjoy everyone's two-cents regarding KBB.

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  • Would enjoy everyone's two-cents regarding KBB.

    I get daily emails from people while listing Festivas and Metros stating something like: "KBB says this car is only worth..."

    I have my strong opinions about this garbage publication, but would very much enjoy reading what others think about it first.

    Has the publishers of this book even been to the gas station in the past ten years?

    Are they a shadow subsid. of the American auto industry to undervalue used cars in order to sell new ones?

    Brenton
    Because....45 MPG.

  • #2
    That and NADA may be garbage publications , but they will always be what someone feels the need to point to. But they really arent a reliable guideline. Its always going to boil down to what a person is willing to pay for a vehicle at that particular moment.
    Search Master - Honorary Member of Midwest Festiva Inc., Gulf Coast Chapter

    Everyone is entitled to be stupid, but some abuse the privilege.
    - Unknown
    I don't like superstitious people. They're bad luck. - Serge A. Storms

    If at first you don't succeed, failure may be your style.
    - Quentin Crisp

    God, please save me from your followers!
    - Bumper Sticker

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    • #3
      i personally think nada is ALOT more accurate. the dealer i bought my car from only uses nada, as do alot of other dealers.

      kbb is always on the real low side, my 2007 taurus at kbb with 40k on it, excelent condition, trade in value was only 7450. nada was about 9500.
      2007 Ford Taurus 23-25MPG
      1976 Chevy Silverado (my toy)
      1951 Ford Deluxe, being rebuilt


      Have an old car truck or tractor? Go here.
      http://www.aintperfect.com/

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      • #4
        I think kbb is sellers enemy buyers friend. Just like everything else value is based on supply and demand.
        1988 p.o.s. (228,000 and still going)

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        • #5
          A car is worth what the market will bear. Period. KBB and NADA are fair guidelines for some cars more than others, but their numbers on Festivas are wayyyy off.
          Axlander9289, brother of ThisVelologist

          Festivas past:
          Aqua '92 Festiva L - Sold "Dale"
          White '89 Festiva L Plus - RIP "Dudley"
          White '93 Festiva GL - Sold to thisvelologist "Frito"
          Red '91 Festiva L - Sold to Louieisawesome "Geraldo"

          Current Fleet:
          Aqua '93 Festiva L with Aspire brakes "Dale Jr."
          Black and White '93 Festiva GL Sport (White alloys and spoiler are long gone) "Blues-tiva"
          White '15 Ford Transit Connect

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          • #6
            ^^which is good when you are in the market for one and the people selling know nothing about value!
            "FLTG4LIFE" @FINALLEVEL , "PBH"
            89L Silver EFI auto
            91GL Green Auto DD
            There ain't no rest for the wicked
            until we close our eyes for good.
            I will sleep when I die!
            I'm a little hunk of tin, nobody knows what shape I'm in. I've got four wheels and a running board, I'm not a Chevy, I'M A FORD!

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            • #7
              KBB is just that a guideline . . . you can only determine the value of anything but what people are willing to pay. I hate to see listings that read "I saw one of these go for 1500 last week on here" That was last week and that buyer is no longer buying . . . But regardless of what people think its worth if its worth more to you than it is to them than you wont sell to them plain and simple.

              91 L - modified to SLX- "Tin Can Project"
              http://www.cardomain.com/ride/2850897
              92 GL - parts car
              97 aspire - parts car
              87 323 DX - daily driver

              Visit My Store - New Products available!
              http://www.cafepress.com/tunner

              Car enthusiasts will respect all makes and models that preform.
              Brand enthusiasts are the root of all problems in the car community.

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              • #8
                Yeah, NADA ia high, and KBB seems to be low. They can't take special interest cars like a Festy and get them right, it's not practical... who would have ever thought a crackerbox hatchback from the early nineties would ever go for over $300? LOL.. they didn't USED to...

                I use KBB when I am buying, and NADA when selling.. IMO, they are BOTH a bit high for real value... but hey... I am a cheapskate.....

                I WISH I could get book value outta my F-150... that would be AWESOME...

                That being said, you still have the condition grading.... most people selling a car, seem to think their car is in EXCELLENT condition, when most I see are less than good, and slightly more than poor, or low retail.

                No book could ever hope to get the values spot on, especially for different markets. I buy somewhere around trade-in, or a bit lower, and try to sell somewhere around low retail, or a bit lower..

                Average Retail?? that's a joke, a price only rip-off car lots ever get out of anything...
                Have had 6 Festys... and counting...

                My Website:
                http://www.StanfordMotorSports.com

                Car Domain:
                http://www.cardomain.com/id/Quaddawg
                My Garage Page:
                http://www.fordfestiva.com/forums/vb...o=view&id=6724

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                • #9
                  HEY!!


                  I just used NADA online to lookup my 89... and WOW, it was pretty darned good!!

                  Low $937 average $1,537* High retail $1,912


                  THAT was surprising, and spot on if you ask me


                  AND,

                  I did KBB and got: (private party values)

                  Excellent
                  $1,255

                  Good
                  $1,095

                  Fair
                  $855


                  Still not bad....


                  what's all the fuss
                  Have had 6 Festys... and counting...

                  My Website:
                  http://www.StanfordMotorSports.com

                  Car Domain:
                  http://www.cardomain.com/id/Quaddawg
                  My Garage Page:
                  http://www.fordfestiva.com/forums/vb...o=view&id=6724

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                  • #10
                    It was backwards for a subaru I was trying to sell. KBB was higher than NADA. Still ended up selling it for less than both, but I think both were high, but i still made money on the car.
                    The Festiva Store
                    Specializing in restoration, tuning and custom parts.

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                    • #11
                      Originally posted by Axlander9289
                      A car is worth what the market will bear. Period. KBB and NADA are fair guidelines for some cars more than others, but their numbers on Festivas are wayyyy off.
                      Check autotrader, ebay, search google {craigslist Festiva 1990} and see what the market is bringing... thats what the car is worth. with high gas prices, add another few hundred

                      -"Hairlipstiva" 1991 GL 5spd (swapped from an auto), rolling on Enkei 14x6 +38 with 195/45/14 Toyo's, Jensen MP5720 CD deck, tach install, LED strip in cluster, down position rear wiper, FMS springs, Gabriel shocks on 4 corners, Acura Integra short shifter
                      -Escort GT 91 donor car with BP, G5M-R tranny to be dropped in the little guy...
                      -Aspire brake swap COMPLETE!
                      https://www.wunderground.com/persona...?ID=KOKOWASS38

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